Law Institute to offload Bourke Street office
The Law Institute of Victoria has moved to sell its Melbourne headquarters in Bourke Street, a building it has occupied for nearly 40 years.
Property
Pace wins approval for Abbotsford apartment
Melbourne-based Pace Development Group has won planning approval to build a 12-level apartment above Abbotsford's St Crispin House.
Growland Group buying 143-hectare Werribee farm
Growland Group, a local developer backed by Asian investors, has entered into exclusive negotiations with a Melbourne family to buy an enormous Werribee farm for a speculated price of more than $30 million.
'Wild ride' tipped as office towers fill up
Companies wishing to lease office space, in the city and suburbs, had better get the calls into leasing agents, pronto.
Skewering expats to put 'Australians first'
Expatriates, including temporary expatriates, are set to become collateral damage from the government's nationalistic "Australian homes for Australians first" policy.
Charter Hall fund pays $115m for new office
Charter Hall has expanded its footprint in Melbourne city, with the purchase of 990 La Trobe Street for a $114.5 million, as part of the Motor Accident Commission portfolio disposal.
Retail strips struggle but investors don't care
Retailers in Melbourne's suburban shopping strips may be under siege but nobody has told investors.
LOGOS expands property base
Private developers LOGOS has expanded its footprint with a the purchase of a 10 hectare parcel of vacant development land in the industrial logistics precinct of Berrinba, Brisbane for about $22.1 million.
Competition heats up in portfolio auction space
Real estate agency CBRE will up the ante on competitor Burgess Rawson when it launches a regular portfolio auction campaign this month.
Leasing turmoil as Murray Goulburn cuts costs
Renewed turmoil at beleaguered dairy co-op Murray Goulburn looks set to stall a move to swank new office space at Collins Square.
YMCA leased buildings sell for $12.4m
Two swim schools and a childcare centre in Melbourne's south-east have sold for a combined $12.4 million.
Office market landlords having a day in the sun
Office landlords and investors are in a very sweet spot of falling vacancy rates, softening supply and high demand from new tenants wanting CBD locations, according to experts.
Amalgamated development sites are in high demand
A private developer has paid in excess of $80 million for an amalgamated site, said to be one of the biggest deals so far in Macquarie Park, and more are tipped to be offered.
Spotlight to shift back to Mirvac residential from office: Citi
Investors in Mirvac are set to focus more on its masterplanned communities developments than the office assets in the coming year, according to analysts at Citi.
Demand for strip retail investments remains strong
An investor has paid $2.14 million at auction on a tight 3.4 per cent yield for a shop at 15 Centreway. Teska Carson's George Takis and Matthew Feld said there were six bidders driving the result.
Home prices jump anew in July, testing regulators
Home prices in Australia's major cities rose strongly in July, putting a question mark over regulators' attempts to cool the market.
Rising to challenge of building 200m tower on 'netball court'
Work has begun in Melbourne's CBD on what will be the world's fourth-thinnest residential tower.
Besen family sells $680m stake in one of Australia's largest malls
The billionaire Besen family has offloaded a quarter stake in one of Australia's largest malls, the Highpoint Shopping Centre in Melbourne's west, for $680 million.
New home sales fall to lowest level since 2013
Sales of new homes fell sharply in June to the lowest level since 2013, while home prices fell in most of Australia's major capital cities in the past week.
Sydney's dramatic fall in home ownership revealed
The slump in home ownership rates coincides with soaring property prices and rising population density in many Sydney districts
Infrastructure key to balanced property investment
Having a balance of infrastructure and pure property real estate investment trusts in a portfolio will help even out the volatility
Amazon sets sights on Melbourne warehouse
Online giant Amazon has arrived in Australia with news of a lease agreement of the former Bunnings distribution centre at 29 National Drive in Dandenong within the M2 Industry Park, which is owned by Pellicano.
Russell St site sells on sub-1 per cent yield
Melbourne's Theosophical Society will need to find a new spiritual home after selling its Russell Street headquarters for about $23 million
RG Property sells $30m+ Village Dandenong
West Perth-based RG Property has found a buyer for a two year old retail asset in Dandenong South - the suburb where retail giant Amazon confirmed last week in job advertisement, it was opening a fulfilment centre.
PIF House to open in Blacktown
The eagerly awaited six-bedroom home will open in Blacktown on August 11
EVEN Hotel chain to expand across Australasia
Staying at a hotel is no longer just about a bed and shower, it's an experience, according to hoteliers,
The Sydney-Melbourne space conundrum
People from Melbourne are always quick to remind us that one day their city is going to be bigger than Sydney, but what does that really mean?
Deals and deeds
PRESTONS $8.15M
Jerry Schwartz buys into the Liberman's Four Points Sheraton
Hotel developer, Dr Jerry Schwartz has increased his footprint in the southern end of the Sydney city
100 Collins strata office peaks
Melbourne's CBD hot strata market is on a streak with a fifth office in Collins Street modernist building setting a new price record.
Small Business
Jacqui Walshe runs a $300 million travel business you've never heard of
Delta, South Africa Airways, Abu Dhabi and New York City are just some of the Walshe Group's clients.
Will you pay more for extra safety measures?
Companies need to be better prepared when terror risks rise.