Commercial
UPDATE: Sheraton Huzhou Hot Spring Resort to Open in August (VIDEO)
The Versace Mansion, Casa Casuarina, to be Auctioned in September
Witnessing Flying Porches at the Goodwood Festival of Speed (VIDEO)
EDITOR'S PICKS
-
Top 1,000 Brokerages Reveal Which Real Estate Firms Are Surviving — And Growing — In The Current Recessionary Market
-
Shohei Ohtani And His Agent Settle Hawaii Lawsuit Over Alleged Sabotage Of $240 Million Real Estate Project
-
James Corden Locked In Bitter Fight With London Council Over Paving Changes At His $22 Million Heritage Home
-
Mortgage Rates Jump Back Above 6% After Iran Strikes Push Oil Prices And Treasury Yields Higher
Tech Giant Samsung is all set to break ground on the construction of its brand new headquarters in Silicon Valley, California making it the latest addition to the growing tech hub. It will now be joining some of its rivals like Apple, Google and Facebook, who have already started building head offices in the area. BlackRock Selling Seattle Office Buildings Worth $70 Million
BlackRock Inc, a renowned asset management firm is selling away two of its major downtown Seattle office properties to a unit of Morgan Stanley for about $70 million. US Office Property Market Growth Slow; Vacancy Rate Stagnant
U.S. property market growth remained sluggish in the second quarter of 2013 with rents climbing little and vacancy rates remaining stagnant. The slow growth is attributed to the lack of improvement in the government employment sector of the country, according to several media reports. Demolition Plans of London’s Earls Court Exhibition Centre Approved
Boris Johnson, the mayor of London approved plans of demolishing the historic Earls Court Exhibition Centre amid some opposition from the public. The site will be demolished to make way for a 77 acre residential and commercial estate which is expected to boost London’s economy. Vacancies in the US Retail Sector Lowest in 4 Years
Vacancies in the retail sector of the U.S. fell to its lowest in four years in the wake of a rebounding economy and commercial property market. Average vacancy rates fell to 10.5 percent, the lowest in more than the past three years, according to The Wall Street Journal. Five Best Locations to Watch the 4th of July Fireworks in America
Fireworks. This custom is perhaps the most famous, the most loved and the most awaited part of National Day. The grand display of lights that illuminate the deep blue-black sky is one thing nobody wants to miss. To ensure the best view of the fireworks, here is a list of places where you can de-bunk on the evening of the Fourth of July with friends and family and experience the tradition at its best: Kensington Palace Garden the Most Expensive Street of UK
In a recent survey conducted by real estate website, Zoopla it was revealed that Kensington Palace Garden is the most expensive street in Britain. The average property price on the street is something around $46.9 million; about 156 times more than the value of an average home in the country. Empire Company Selling 46 Theaters to Cineplex, Landmark
Empire Company, the owner of Sobeys Grocery Store is reportedly planning to sell away 46 of its theaters to Cineplex Inc. and Landmark Inc. for around $243 million, thus exiting the movie business. The deal comes as a move to focus on its retail chain, according to several media reports. Crown Estate Annouces Record Profit; Portfolio Value Goes up to $12.3 Billion
The Crown Estate, a property portfolio owned by the Queen of England has reported record profits for the year ended March 31. Its portfolio value went up 7.2 percent to reach $12.3 billion, according to several media reports. Hines Teaming Up with Asian Investors to Finance Manhattan Luxury Tower Project
Hines, the famous commercial property developer is reportedly in talks with a group of Asian banks and a Singaporean real estate firm to develop a luxury high-rise project in central Manhattan, New York.
