Society restaurant building sells for $8m
The Bourke Street home of Society restaurant, in its heyday one of Melbourne's best eateries, has sold for $8.07 million.
Property
Regional supermarket yields sharpen
Retail assets in Victoria have continued to strengthen with an IGA supermarket in Stawell changing hands for $5.11 million.
Bernard's Magic Shop disappears as a bricks-and-mortar retailer
Bernard's Magic Shop has performed its most astonishing act – disappearing, on its 80th year anniversary.
$700m stake in Sydney's tallest building up for sale
A half share in the tallest building in Sydney, the $1.1 billion MLC Centre, is up for grabs as co-owner QIC Global Real Estate looks to take advantage of the hot office market.
Collapsed developer spells trouble for Waterford residents
New home owners have been left in limbo after the collapse of a land developer in Melbourne's outer north-west.
Accenture tipped as anchor at International House
Global advisory firm Accenture, has firmed as the anchor tenant for the Lendlease​ timber building, known as International House, being constructed at Sydney's Barangaroo.
Chinese developers face headwinds, warns Moody's
Ratings agency Moody's Investor Services has warned that Chinese developers will face increasing competition after the Chinese government said it would fine-tune some measures to curtail price hikes in some cities.
Third Street plans $1.35b in Fishermans Bend projects
Boutique Melbourne developer Third Street is taking the plunge and banking on home buyer interest in Melbourne's newly emerging Wirraway precinct, a former industrial area in Fishermans Bend.
Strong interest in Toorak flats
A group of Taiwanese-born Queensland-based investors has paid $7.65 million for a block of flats in Toorak.
Warehouse in west sold before it's built or leased
West Australian fund manager Primewest has snapped up a warehouse in Melbourne's west paying $24 million for the property which is not yet built, or even leased.
Northern demand prompts Biodiversity release
Commercial builder-developer Vaughan Constructions has released its $450 million Biodiversity Business Park as demand intensifies for industrial property in Melbourne's north.
Cafes don't come cheap in Cremorne and Hawthorn
An owner occupier paid $3.07 million, more than $800,000 over the reserve, at a hotly contested auction for a warehouse café/studio at 98 Balmain Street.
Woolies snaps up historic ABC production facility
Supermarket giant Woolworths has paid up to $50 million to buy public broadcaster ABC's former studios in the Melbourne suburb of Elsternwick.
Home auctions strengthen in every capital
Home auctions were stronger in every Australian capital city last week, despite public holidays reducing the number of properties going under the hammer and potential buyers.
Supermarket giant Kaufland may struggle to find sites
German supermarket giant Kaufland has put out a call for land or existing developments for its "ambitious" expansion plans in Australia, but it may struggle to find suitable large sites.
Aged care entrepreneur buying burnt down pub site
Seven years since it was ravaged by fire – which was a month after the local council permitted it for redevelopment – the enormous waterfront parcel regarded as Phillip Island's best site is finding its way into the hands of a new owner.
Australia seen as safe haven for investors
Demand for high quality, stable markets across Australia will keep the overseas cash coming in as investors steer of volatility elsewhere in the world.
Owners paying premiums to squeeze out developers in the suburbs
Bidding wars between owner occupiers and developers are resulting in big premiums for suburban properties, from Abbotsford to Doncaster and Box Hill.
Kingsmede divides and conquers at Padstow
Property owners are now embracing new strategies to lease sites when faced with tenants in trouble to ensure the financial stability of the assets.
Basement retail a hot ticket
Retail basements are in hot demand, with the site at 53 Martin Place, occupied by Barrio Cellar, now on the market with price indications of more than $5 million.
Belgrave Group wins tender for $100 million+ Mt Hotham landmark
The state government has selected Richmond developer Ben Genser from a shortlist which also included Rino Grollo, to develop what was marketed as "the most significant site ever offered in the Australian alps".
Starter pistol sounded for sport retailing expansion
Sports retailers have donned their running shoes and are in a race to find new sites across the country to take advantage of the healthy lifestyle of Australians.
Kathmandu packs power into sustainable design
Kathmandu's newly-finished 25,000 square metre distribution centre is unusual in two respects, its sustainable design and its automated picking and packing technology.
Building big sheds to withstand extreme weather events
Storm events and global warming have prompted significant changes in industrial warehouse designs, particularly in the wake of a recent hail events in Sydney that caused multi-million dollars in damage.
Airbnb mulling expansion in long-term home rentals: sources
Airbnb is considering an expansion in the long-term rental business, sources say.
Amazon entry to impact retail trusts, warns Moody's Investor Services
The entry of online giant Amazon will have a big impact on retail-focused Australian real estate investment trusts over the medium term and could force more into administration, according to ratings agency Moody's Investor Services.
Making art out of a university building
An extraordinary new seven-storey building at Melbourne University literally shows how architecture can deliver joy as well as functionality.
Leasing Ladder
NORTH SYDNEY $575 sqm gross.
Housing affordability gets to top of new Premier’s agenda
NSW Premier Gladys Berejiklian should be applauded for placing housing affordability at the top of her agenda for the future direction of Sydney and New South Wales.
Holiday Inn opens new Sydney hotel
The InterContinental Hotel Group is expanding its footprint with a new Holiday Inn planned in Sydney's Chinatown.
Small Business
The fastest growing franchise you've never heard of
This Aussie franchise is growing more quickly than McDonald's and is booming overseas.
Workplace skills fading faster than ever
Companies must create a culture of continuous learning in the new machine age.