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Downtown Miami Railway Station to Start Construction in Late 2013

Construction on the “All Aboard Florida” railway station is likely to begin in the latter half of 2013, project development officials said to the Miami Today, Thursday May 9.

News International in Talks to Move Office to “The Baby Shard”

News International, a subsidiary of Rupert Murdoch owned publishing house, News Corporation is in advanced talks of shifting its U.K. base to a 17-story building, The Place. It is located just beside the Shard building near the river Thames.

JPMorgan Unit Buying Manhattan Office Tower for $750 Million

JP Morgan Asset Management, a unit of JP Morgan Chase has agreed to buy a posh 31-story office building in Manhattan, New York for something around $750 million. The building is one of the two office towers that are being auctioned off by major property firm, Hines.
EDITOR'S PICKS
  • World’s Smallest Hotel to Open in Copenhagen
    Shrinking furniture and apartments can pull off being "micro" with a “cute, cozy and efficient” label but a hotel or resort always charms with size. But that is set to change now. The world’s smallest hotel will have just one room, one bathroom and will be located atop a small café when it opens in June.
    By Rapti Gupta
  • Sunstone Acquires New Orleans Hilton for $59.4 Million; Under Contract to Purchase Boston Park Plaza &Towers for $250 Million
    Sunstone Hotel Investors Inc, a famous hotel industry investing firm has purchased the Hilton New Orleans hotel on St. Charles Avenue for $59.4 million and has also entered into contract to buy the famous Boston Park Plaza and Towers in Back bay, Boston for around $250 million. The firm just announced the transactions in its first quarter results ended March 31, 2013.
    By Rapti Gupta
  • Care to Buy Some “Lunar” Real Estate? (VIDEO)
    If you thought that the real estate market on earth was hot, you would definitely call the property market of the moon “scorching”. Dennis Hope, founder of Lunar Embassy Corporation and a real estate agent claims that he has sold almost around 7.5 percent of the moon’s land and made around $600 million by selling 11 acres of the natural satellite!
    By Rapti Gupta
  • UBS Sub-Leasing Park Avenue Office Space to Cut Property Costs
    UBS, the Swiss banking giant is reportedly cutting down on its leased office space in the 299 Park Avenue Building, a 42 story office tower located in Manhattan, New York. The move comes as the company is looking to cut down its property costs.
    By Rapti Gupta
  • Real Estate Brokers to Drop “Inflated” Titles
    Looks like the business card printing stores in New York will get a fresh influx of orders, largely from real estate brokers . The Real Estate Board of New York will soon impose a ban on the titles that these agents carry.
    By Rapti Gupta
  • Candy Furniture: The Next Crazy Thing in Home Décor? (PHOTOS)
    Just after the world of home décor was awestruck with plans of commercializing “cook-able” furniture, a new type of edible furniture has made its way into the world of interior decoration. The new collection of furniture would easily remind one of “Willy Wonka and the Chocolate Factory” as one of the sofas is made of white chocolate and a small table formed of hard boiled orange candy!
    By Rapti Gupta
  • UN Security Council Chamber in New York Reopens After Renovation
    The original United Nations Security Council Chamber finally opened its doors to the delegates after three long and strenuous years of remodeling and renovation on April 16, 2013. The Council room looks spick and exudes an air of importance and respect that it very rightly holds.
    By Rapti Gupta
  • Five Favorite Cities of the Ultra-Rich (PHOTOS)
    The rich have their reasons for investing in or favoring a particular city. While some cities win with their “business importance and trade hub” features, others acquire an edge for being a “prospective developing city”. Check out the top five favorite cities of the rich in the slideshow here.
    By Rapti Gupta
  • New Hyatt Regency Hotel to Open in Tashkent, Uzbekistan by January 2015
    An affiliate of the Hyatt Hotels Corporation has reportedly entered into an agreement with a state unitary enterprise of Uzbekistan to build a brand new Hyatt Regency Hotel in the city of Tashkent. The hotel will help boost the already strong tourism sector of the country.
    By Rapti Gupta
  • James Packer Reveals Design Finalists for Upcoming Crown Sydney Hotel
    James Packer, renowned billionaire businessman and hotelier has revealed the designs for his upcoming hotel/resort project, The Crown Sydney Hotel, which is slated to be a part of the $6.21 billion Barangaroo Project.
    By Rapti Gupta