Commercial
Builders Bank on Office Spaces to See Through Sluggish Phase
New York LaGuardia Airport Hotel Traded for $22 Million
Google Purchases Plot in London for $1 Billion to Build New Headquarters
EDITOR'S PICKS
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Top 1,000 Brokerages Reveal Which Real Estate Firms Are Surviving — And Growing — In The Current Recessionary Market
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Shohei Ohtani And His Agent Settle Hawaii Lawsuit Over Alleged Sabotage Of $240 Million Real Estate Project
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James Corden Locked In Bitter Fight With London Council Over Paving Changes At His $22 Million Heritage Home
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Mortgage Rates Jump Back Above 6% After Iran Strikes Push Oil Prices And Treasury Yields Higher
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. Commercial Property Sales Decline in Australia
Australian retail real estate markets are hitting new lows. In the fourth quarter of 2012, total sales declined by 33 percent. The decline is attributed to decreasing foreign investment activity in the country. Boston’s 100 Federal Street to Add Retail at its Base
The famous financial district building of Boston, 100 Federal Street, will soon see some retail store additions at its base. Rumors have it that most of the stores will be eateries. However, the place has not been leased or rented to any entity yet. Construction Bells Ringing for the Long Stalled Seward Park Lot
Construction plans for the vacant Seward park lot, lying at the foot of Williamsburg Bridge were stalled for a few decades. However, the Economic Deportment Corporation has finally released a Request for Proposal soliciting developers to bid for construction contracts at the site. Construction of High Rise Buildings to Shoot Up in 2013
Sky Rise building constructions dipped a little in the past year. However, 2013 is expected to be a jackpot period for the high rise buildings as 59 more buildings, are expected to join the club by the end of the year. Barclays Joins UK Mortgage Rate Reduction Stream
Banking Giant Barclays announced that it will slash down mortgage rates up to 1 percent for new home investors. A new scheme, "The family Springboard Mortgage" was announced by the bank that is expected to help customers in financing their investments. Will Walmart Enter Newark’s Springfield Avenue Marketplace?
Newark City's Springfield Avenue Marketplace is slated to be fully functional from 2014. However, contemplation of retail giant Walmart, opening an anchor grocery outlet in the complex has drawn some heated controversy to it. US Office Space Demand on a Slow Track
The demand for Office space in America is on a sluggish track. Since the economy is on a slow rebound and employers declaring cautious hiring, the forecast for the market is slow and steady.
