Commercial
- Touring Nate Berkus Associates’ ‘Converted’ Chicago Headquarters (PHOTOS)
- Interior decorator and television host Nate Berkus could best be described as “an angel who, with a wave of his hands, could transform any rubbish place into a cool, chic and an awesome area” and that is exactly what he has done to his design firm, Nate Berkus Associates headquarters in Chicago.
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- Cuba Set to Get Luxury Golf Course Project; To be Designed by Tony Jacklin
- It has been a long time since Fidel Castro, the Cuban Communist revolutionary, played a few strokes of golf with his radical counterpart, Che Guevara and fifty years since the former ordered all the golf courses to be shut down because he thought that the game was a hobby for the elites. However, times have changed and the island of Cuba has decided to cater to the demand of affluent tourists rather than comply with the late president’s orders. Cuba’s government has approved a luxury golf course project which will be designed by golfing legend, Tony Jacklin.
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- St. John’s University Selling Manhattan Campus
- St. John’s University in New York has agreed to sell its campus located at 101 Murray Street in lower Manhattan to a consortium of developers including famous builder, Steven Witkoff and real estate firm, Fisher Brothers for an amount that is expected to exceed $200 million. The consortium hopes to replace the building with condominiums, according to several media reports.
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- A Look at Nominees of 2013 Doory Awards “Converted Homes” Category (PHOTOS)
- Living in a completely renovated home, or rather, a converted home is a completely different experience. As the saying goes, “Cool is when vintage meets modern”, converted homes personify the saying quite perfectly.
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- Blackstone and Prologis to Acquire $960 Million Warehouse Portfolio
- A unit of Blackstone Group LP, a popular real estate firm and Prologis, a real estate Investment Trust has agreed to purchase a 17 million square feet warehouse portfolio worth $960 million, according to several media reports.
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- Ford Closing Two Plants in Australia
- Ford Motor Co., the popular automobile manufacturing firm announced on Thursday, May 23 that it will be closing down two of its plants in Australia and will be shutting down all production in the country by October, 2016 on constant accumulated losses.
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- Asia Pacific Markets Have Highest Warehouse Rentals, CBRE report
- Warehousing and logistics rents are the highest in Asia-Pacific Markets. According to a survey conducted by CBRE Group, the world’s largest commercial real estate services firm, six Asia Pacific cities were among the top ten most expensive logistics rental areas.
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- London’s Royal Dutch Shell Center Redevelopment Plans Approved
- A redevelopment plan of the site at Royal Dutch Shell Center on the southern banks of River Thames has been given the green light by the local council. Canary Wharf Group, a popular construction firm and Qatari Diar, a sovereign wealth fund of Qatar will be developing the site in a joint venture.
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- China’s Sky City One to Break Ground in June; To Be Completed in 210 Days (VIDEO)
- “Sky City One”, the future tallest skyscraper of the world is all set to break ground in June 2013, according to The Broad Sustainable Group, developers of the building. The Group announced in a statement that it has received all building permits and approval to start construction on the 2749 meter high-rise and will complete building in 210 days.
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- BlackRock to Buy Real Estate Firm MGPA
- BlackRock Inc., the world's largest asset manager, announced Tuesday an agreement to acquire MGPA, a London-based private equity real estate investment manager.
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- Airbnb has been Deemed Illegal in New York City
- A stay in a New York hotel can be expensive which is why Airbnb - a platform where New Yorkers can rent out rooms in their homes - was very appealing to tourists, but now a judge has ruled the service illegal in the city.
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- BlackRock Buying MGPA Private Equity Firm Marking its Debut in Asian market
- BlackRock Inc., a popular asset management firm has agreed to acquire MGPA, a Singapore based private equity firm for an undisclosed amount, according to various media reports. BlackRock’s acquisition plan comes in an effort to increase its real estate assets, world-wide and also marks its debut in the Asian market.
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- Yahoo Moving Office to New York’s Times Square
- Tech giant, Yahoo! Inc. announced in a press conference on Monday, May 20 that it is moving its New York headquarters to the former head-office of New York Times at 43rd Street, East of Eighth Avenue in Times Square, New York City.
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- Sirius Real Estate Gets Extension onf 43.3m Euro Loan
- Sirius Real Estate said in a statement on Monday that ABN AMRO Bank has agreed to extend the repayment of their outstanding loan of 43.3 million euros to June 28.
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- Touring a “Glass-House” Shaped Cupcake Bakery (PHOTOS)
- To enhance the experience of cupcakes, J.C. Architecture has designed a beautiful house-shaped glass cupcakery for the new confectionary experts, Les Bebes based in Taipei, China. Apparently, the architects derived the idea of the house-shaped façade from the packaging or rather, the cake boxes.
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