Latest Commercial Real Estate News

The Salvation Army stands to earn up to $8 million from the sale of conference centre in prime Geelong parkland.

On balance, last year was a positive one for real estate investors. The risks and rewards became clearer as central banks responded to sluggish growth and improving capital values benefited from low interest rates. We also saw risks on the demand side rising as consumer and business confidence hit record lows. With this in mind, where next for the new year?

Investment bank Moelis has settled its purchase of the landmark Beach Hotel in Byron Bay, saying it could follow up the $104m acquisition with more pub buys.

The mixed-use precinct around Sydney Central Station is taking shape with private developer Toga looking to undertake a major hotel and office development on the site of The Adina Hotel Sydney Central.

Property developers are building kitchens in empty mall space and parking lots to fill food-delivery orders, a new approach in the fast-growing business of shuttling meals to customers.

Landlords providing tenants with more flexible leasing options may be the remedy to softening demand for office space in towers in the Sydney and Melbourne central business districts.

A Geelong retailer selling pop culture merchandise is moving to one of the city’s landmark retail addresses.

A former Greek Macedonian club in the heart of Marrickville looks set to be redeveloped after coming up for sale to much fanfare.

Listed property developer the Mirvac Group has emerged as the buyer of the landmark Nine Network head office site in Willoughby – in a deal worth about $227 million.