![The Federal Court found Gold Coast financier Peter Drake did not breach the Corporations Act.](/web/20161225075008im_/http://www.smh.com.au/content/dam/images/1/1/q/e/8/m/image.related.wideLandscape.460x259.gth6g6.png/1482474414402.jpg)
ASIC loses case against LM Investment founder Peter Drake
Case thrown out after court finds ASIC's expert witness gave testimony that was "preposterous" and displayed "partisanship".
Case thrown out after court finds ASIC's expert witness gave testimony that was "preposterous" and displayed "partisanship".
In one of the last big deals for the year, good mates and businessmen, Geoff Dixon and John Singleton have sold three iconic Sydney pubs.
Hospitality giants Matt Moran and Bruce Solomon's joint venture group, Solotel, has expanded its footprint across town with the purchase of the prized hotel in Sydney's eastern suburbs.
Australian lifestyle brand Oroton has expanded its operations with the opening of a new boutique at Sydney Airport's T1 International terminal.
What an amazing difference 19 months can make for parliamentary inquiries into housing affordability and ownership.
Walker Corporation and liquor group Kemenys have teamed up in a joint venture to develop $1 billion of mixed-use residential developments on three Kemenys-owned sites in Sydney.
The revamp of Darling Harbour will now include a new 44-storey office tower on the waterfront, at Darling Park towers.
Perron Group has bought a stake in Westfield Woden.
Office towers, pubs, agriculture and healthcare investments took out line honours in the 22nd BDO Australian real estate investment trust survey.
The strength of bricks and mortar assets is forecast to remain strong as investors seek out less volatile sectors, according to the latest Australian Property Institute's (API's) Property Directions Survey.
The headquarters of Wesfarmers-owned Bunnings Warehouse has sold for $24.7 million as wealthy investors and syndicates move on mid-range assets before the end of the year.
Retail property is one of the hottest sectors in demand from investors as they seek put higher yielding assets that are benefiting from an improvement in consumer sentiment.
Lucky numbers sell. Seven bidders – including five Chinese parties – vied for a 3000 sq m development landholding at 15-17 Herlihys Road before the hammer fell at $4,888,888.
The reopening of the Dreamworld theme park on the Gold Coast, called "Open Hearts-Open Doors" on the weekend helped raise $157,225, which will be given to the Red Cross.
Dreamworld and WhiteWater World theme parks on the Gold Coast will throw open their doors on Saturday following the tragic accident on October 25.
Shopping malls will be front and centre for the next two weeks as shoppers head in for the festive season.
A slither of Japanese culture has arrived in Toorak Road, South Yarra. Monolab, a Japanese gallery-like store, showcases the work of artisans and manufacturers working in a number of regions throughout Japan.
ANZ Bank has followed rivals in pushing up variable interest rates for property investors, blaming higher funding costs and its obligations to regulators.
The Sydney skyline is set to be transformed with the development of the new $500 million Ritz-Carlton hotel, including apartments and an updated restaurant strip at Pyrmont, as part of the Star Entertainment group's renovation of the city's main casino as it prepares to take on James Packer's Crown resort at Barangaroo.
Large industrial tenants are moving away from sourcing their distribution centres through third party logistics companies and are instead investing in automation and sustainable building features, DEXUS executives say.
Melbourne businessman Bill Lewski can't recall where $77 million of investors money paid to him by way of a listing fee for since collapsed Prime Trust ended up, a court has heard.
Queensland's fourth richest person, BRW Rich Lister Neville Pask, is paying local businessman Vince LaManna a speculated price in excess of $60 million for Rowville's prominent Kingston Links golf course, which is now mooted to become a billion dollar housing estate.
Alexandria $14.5 million
Selling Sydney as a business destination with a major venue under construction has been challenging… but that's about to change.
At the end of busy year, the north shore of Sydney has emerged as one of the fastest growing for office developments as its gives its Parramatta counterpart a run for its money.
In one of the biggest upheavals in its history, the National Australia Bank is moving its Sydney headquarters to the new $1.7 billion Wynyard Place, while also taking up a lease at Parramatta to cement its presence in the western suburbs.
Chinese property heavyweight Dahua Group has outmuscled local developers to snap up a billion-dollar land pipeline.
The Uniting Church is poised to sell up to 65 properties worth around $80 million as part of a $1 billion development program.
Beijing-based developer Holder East has snapped up a vacant King Street block before it sold at auction, to add to a development site next door.
Vendors are signing real estate agency agreements that read as if the agents are doing a massive personal favour listing the property. And this when most properties in the hotter markets are close to selling themselves.
I've always found exit interviews to be perplexing.
This Christmas, a small Newcastle bakery will have its biggest year yet.
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