![The iconic Beach Hotel has been sold for $70 million to Melbourne fund manager, Impact Investment Group](http://web.archive.org./web/20170918183428im_/https://www.fairfaxstatic.com.au/content/dam/images/g/p/i/0/u/0/image.related.wideLandscape.460x259.gyjpju.png/1505746180212.jpg)
Byron Bay's Beach Hotel sells for $70 million
Melbourne-based Impact Investment Group has paid $70 million for the Byron Bay Beach Hotel, once owned by John Cornell, known as ''Strop'' in his television days on the Paul Hogan show.
Melbourne-based Impact Investment Group has paid $70 million for the Byron Bay Beach Hotel, once owned by John Cornell, known as ''Strop'' in his television days on the Paul Hogan show.
When then premier Steve Bracks was poised to sign off on the Commonwealth Games Village in 2003, protesters fought to ensure it was mostly low-rise.
Demolition of a 1960s tower block at the old Menzies Hotel at Wynyard has delivered an historic surprise.
Department store chain Myer is to close a further three stores as it focuses on its strategy of less is more and smaller.
The two-year lag time between buying land and moving into a newly built house is caused by competition for construction workers and building supplies, according to the new chief of the Victorian Planning Authority.
Tech giant Google will set up its first Melbourne office in the heart of corporate Australia, leasing space in US property group Pembroke Real Estate's signature Collins Street building.
Investa has undergone a relaunch of its "brand,vision and identity" to reflect its new business strategy.
It has been dubbed the Hyde Park Dress Circle where multi-billions worth of developments are under construction or in the approval stage
Food is more than a physical need.
ST PETERS $962,500.
Cut price pharmacy giant Chemist Warehouse is set to open a franchise in Swanston Street, setting the scene for other leasing deals as Melbourne's Metro Rail Project significantly expands its activity in the area.
From the outside an ordinary office/warehouse and workshop in Fairfield, one of 30 almost identical warehouses on the estate, looks fairly unremarkable.
Far East Consortium has so far booked $722 million in presales for Towers 1 and 2 at its massive West Side Place development on the former site of The Age newspaper in Melbourne, company documents show.
Build-to-Rent will be a game changer for the Australian housing market with an estimated $300 billion worth of residential assets that could be owned by institutional investors
The Myer family will offload a premium St Kilda Road office to tap strong investor interest as Australia's commercial property sector nears a cyclical peak spurred by falling vacancy rates and rising tenant demand.
Sydney's George Street strip has cemented its status as the tech hub of the city as tier one brands set up shop in preparation for the completion of the light rail and rejuvenation of the street.
Diversified property player Charter Hall has begun collecting assets to seed a new consumer staples fund, paying $21 million for a Bunnings Warehouse in Tasmania.
Besieged retirement living giant Aveo faces further upheaval with legal firm Maurice Blackburn launching a class action over its use of “unfair and unconscionable” contracts on elderly residents.
The Schwartz family is poised to offload two hotels on Flinders Street, making the most of a market hot for both freehold properties and accommodation.
Ardent Leisure's chief executive of the Main Event Entertainment business, Charlie Keegan, has resigned after 11 years at the helm
Investors are circling the revitalised North Sydney office market
Private investors are swooping on the industrial properties offloaded by former owner occupiers.
Small retail's record run continues unabated after an investor paid $1.9 million for a strata shop at 7/672 Glenferrie Road.
Ardent Leisure's newly appointed directors will be watching the sale of the Village Roadshow theme parks on the Gold Coast and what it could mean for Dreamworld theme.
Home loan approvals have shown a surprise lift in July, but the continuing decline in investor loans has underlined the effectiveness of recently introduced lending controls.
Tatts agency owner Simon Alan says he owns one of Melbourne's most recession-proof businesses.
Theme park developer and owner Village Roadshow is planning to sell and leaseback the Gold Coast site that houses Warner Bros Movie World and Wet'n'Wild, with offers in the region of $100 million expected.
The change in strata legislation has triggered a rise in collective sales, often dubbed mega lot deals, with the number recorded now reaching to 17.8 per cent share of total disclosed sales in 2016/17.
The wave of Sydney investors in the Melbourne apartment market is tipped to strengthen in the next few months.
There is a battle royale looming in the retail sector and while its not directly related to Amazon, it comes about because of online shopping.
Small and medium businesses are increasingly worried about hacking driving a fall in the number hosting their own website according to research.
Ink is far more acceptable in business than it once was.
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