Hemmes snaps up Sydney pub for record $37.5m
Pub tsar Justin Hemmes has snapped up the Tennyson Hotel in Sydney's Botany Road, Mascot for $37.5 million - a record price for a hotel sale at a public auction.
Property
Float adviser cuts McGrath earnings, price outlook again
One of the lead advisers to real estate group McGrath's float, Bell Potter, has taken the knife to its earnings forecasts and price target for the stock for the third time since its disappointing December 2015 listing.
Singo and Geoff Dixon launch sale of prized Sydney pubs
Long time mates and businessmen, John Singleton and Geoff Dixon, are selling off two prized assets.
ANZ warns on overbuilding in apartment market
The high-rise construction boom that is transforming the skylines of Sydney, Melbourne and Brisbane will probably leave parts of these cities with too many apartments, ANZ Bank chief executive Shayne Elliott predicts.
Building approvals plunge shows construction boom unravelling
The ABS data published today is "the clearest sign to date that Australia's high-rise driven dwelling construction boom is starting to turn down", Westpac economist says.
Presbyterian Church Property Trust boosts its portfolio
The Investa Commercial Property Fund has cemented its position in the group with the purchase of an 8.94 per cent stake in Investa Office Fund from Post Sale Portfolio Issuer Pty Ltd, a company owned by funds managed by Morgan Stanley Real Estate Investing (MSREI).
Developers north, south and central
The Kornhauser family has sold its South Yarra office building to a Chinese developer for $5.5 million at a hotly contested auction.
Hyatt Regency hotel expands its Australian footprint
The Hyatt Regency Sydney is the latest hotel to open its doors at a time when the sector is in the throes of a large development phase.
Sydney and Melbourne office markets to reach similar size within four years
Melbourne's office market is forecast to grow at a faster rate than Sydney's over the next five years, bringing the two city's office sectors to a near-even size within four years.
Mobil mulls move to Docklands
US-based oil company ExxonMobil is believed to be close to signing a lease for up to 8000 square metres of space in Mirvac's new Docklands office building at 664 Collins Street.
Singaporeans snap up another Melbourne office tower
Listed Singaporean property player Lian Beng has pounced on another office tower for $51.5 million as it builds its Melbourne portfolio.
Investors looking at $1b-plus sales of office assets
Investors are set to spend more than $1.3 billion in office assets in coming months, which agents say will see the busiest start to a new year for some time.
State government announces consortium for $44 million Ballarat Station precinct
Construction on the Ballarat Railway Precinct will begin by mid to late 2017 after the state government unveiled the consortium which will take control of the $44 million project.
Investors can't get enough of boutique offices in Richmond
The last of 25 offices in Richmond's newest boutique development The Ternary sold before auction for $1.62 million on a yield of 5.06 per cent.
AMP Capital looks to grow mixed-use projects
AMP Capital is set to expand the mixed-use development pipeline across its $21 billion property platform.
Black Friday and Cyber Monday keep tills ringing
Consumers across the world have pumped more than $US6 billion ($A8b) into the retail sector, of which Australia played its part, during the frenzied shopping days known as Black Friday and extending into Cyber Monday.
Black Friday kicks off the Christmas retail season
With less than five weeks to go, its starting to feel a lot like Christmas.
Spencer Street turns into crime-fighting precinct
Spencer Street is set to become the crime fighting centre of Melbourne with the state government agreeing leasing terms for a major new office tower next to the current City West police headquarters.
Chinese property buyers return, reigniting bubble fears
The 'spring-selling' season has seen a defiant return of Chinese buyers, who are sidestepping lending restrictions and found new avenues to re-enter the market.
Logistics giant Secon sells Altona North factory for $50m
Interests associated with logistics giant Secon have taken advantage of an upcoming significant land rezoning, selling an Altona North factory occupied by the company for about $50 million.
Matthies to sell flamboyant South Yarra mansion as development site
After spending five years, and a reported $25 million, amalgamating eight South Yarra sites, aged care developer John Matthies has decided to sell - his unique and enormous offering including the flamboyant mansion trashed at the end of 1993 movie, Romper Stomper.
Sydney set for $4b-plus hotel developments
A wave of new hotel development is set to change the landscape of the Sydney market, with the opening of the International Convention Centre considered the catalyst.
City Freeholds pays $52.17m for 92 Pitt St
Real estate fund manager EG Funds Management has sold 92 Pitt St, Sydney, to the private City Freeholds group
Equiem digital platform connecting tenants
Connectivity between tenants and a building's services is providing landlords with a potential lift in capital value as more of the property is generating income, according to the Equiem digital group.
Amalgamation: the buzzword of 2016
It's hard to believe that in less than four days, the largest ever reform to NSW strata laws will come into effect. The NSW Government has been talking change for five years, but finally, after a few false starts, reform is happening.
Shopping centres claw back online turnover
Landlords are writing online retail turnover into new leases in a bid to claw back rents lost to digital sales.
Banks play CBD musical chairs
A swag of city-based bank branches are in the middle of a grand game of musical chairs as leasing deals struck up to ten years ago expire.
Industrial property seen as growth sector for 2017
Charter Hall Group is launching its fourth Direct Industrial Fund, valued at $400 million, with assets across the country, to take advantage of the demand for the sector.
Major mixed use project for Coburg
Owners of a local plumbing supply business have banked more than $13 million selling a Coburg retail asset after obtaining a permit to replace it with a six-level complex with shops, offices and 129 dwellings.
Leasing Ladder
NORTH SYDNEY $449.35 sq m net.
Small Business
How a small Aussie outfit scored a deal with Selfridges
Mon Purse launched online two years ago and now sits amongst enormous global luxury brands.
Unfairness and confusion front of mind at bank inquiry
Ombudsman Kate Carnell is suggesting changes to the banking code based on contracts and transparency.