Commercial
The Grand Central of New York Celebrates 100 Years
New Construction Increased by 6 percent Annually, says Report
AGC Report: Private Sector Demand Boosts Construction Employment in America
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
Plans of building a brand new Tech-hub on an empty 5000 acre Savannah, just 37 miles south-east of Nairobi were revealed by the President of Kenya on January 23, 2013. The project is a 14.5 billion plan that will take around 20 years to complete. The project is expected to generate 200,000 jobs by 2030. Chris Bosh Puts up Pacific Palisades Home for Rent
The Power Forward of Miami Heat, Chris Bosh has reportedly put up his Pacific Palisades property for rent and is asking for a monthly charge of $45,000. Bosh and his wife purchased the Mediterranean style property in 2012 for $9.4 million. New York’s Plaza Hotel Sold to Indian Conglomerate Sahara Group
Kingdom Holdings Group, headed by Saudi Arabian Prince- Prince Alwaleed bin Talal has reportedly sold 75 percent of the hotel's stake to an Indian Conglomerate- Sahara Group, owned by Subrata Roy. The Plaza hotel remains one of the significant landmarks of the city. Bangkok Gears Up to Get its Tallest Skyscraper
The ultra-modern "Sin City" of Asia, Bangkok is all geared up to welcome its tallest building - the MahaNakhon. The building will be a luxury mixed-use skyscraper towering at a height of 314 meters with 77 floors. The place will also feature Ritz Carlton apartments and a boutique hotel designed by Ian Schrager. Builders Bank on Office Spaces to See Through Sluggish Phase
Real estate firms are optimisti c about building more office spaces as they hope to rope in companies whose office building leases are set to expire. Though the office market has been sluggish of late, hopes are high on the new building construction. New York LaGuardia Airport Hotel Traded for $22 Million
The LaGuardia Airport Marriott Hotel in New York has sold for $22 million, almost one third of its sale price in 2007. The 438 room hotel was acquired by a real estate investing firm, Rubicon Cos. Google Purchases Plot in London for $1 Billion to Build New Headquarters
Google Inc. has purchased a 2.4 acre plot on the Kings Cross Central Plot for $1 billion.Construction is expected to start in late 2013 and is slated to be completed by 2016. New York Cosmos Plans New Stadium in Belmont
Along with its comeback declaration, The Cosmos have also released plans of building a 25,000-seater stadium at the Belmont Park Racing Track in Nassau County. Plans of the project have been submitted to the Empire State Development Corporation which will decide and analyze the feasibility of the project later this year. 75 percent of London’s Hot Property, Battersea Power station Phase, Sells Out
Around 75 percent of Battersea Power Station project's Phase, one of the units have sold out. Bookings have already started at a super-fast rate. Phase-one will hold residential units while phase-two will comprise of retail and office space units. Cooper Square in New York to Get a New High Rise at Astor Place
A brand new building is all geared up to break ground soon at 51 Astor Place, Cooper Square. The 13 story building will be used for both office and educational purposes. The building is being developed by Edward J. Minskoff who has negotiated a lease of $97 million for 99 years for the building.
