Commercial

William Randolph Hearst's House For Rent, $600,000 a Month or For Sale For $115 Million

The former Beverly Hills estate of William Randolph Hearst is available for rent for any interested tenant for $600,000 a month, reported E!

Japanese Real Estate Tycoon Arrested in Tokyo for Tax Evasion (VIDEO)

A Japanese real estate tycoon, Genshiro Kawamoto has been arrested for evading corporate tax payments worth more than $8.5 million on commercial buildings that he owns in Japan. The 81-year-old businessman was also accused of hiding revenue worth $31 million (2.9 billion yen) in his rental earnings for three years ending December 2011.

Panasonic Selling Tokyo Office for $536 Million

Japanese electronics magnate, Panasonic Corporation is selling its office building in central Tokyo for around $536 million to the same two companies that recently purchased Sony Corporation’s “Sony City Osaki” building for $1.2 billion. Details of the deal have already been sketched out and the sale is expected to be complete by Tuesday, March 12.