CBD Commercial Property News

CBD commercial property news, commercial real estate market data, business news and insights.

Prominent lawyer nets $26m from Melbourne CBD home office sale
A prominent Melbourne lawyer who has been shot at and stabbed has sold his family home and firm’s offices, along with a neighbouring building, for a rumoured $26 million.
UTAS buys Hobart hotel to house students
A hotel in Hobart’s CBD will be transformed into student accommodation after the budget travellers’ favourite was bought by the University of Tasmania for an undisclosed sum.
Lendlease wins rights to develop Sydney’s Victoria Cross Station
Property developers are ending the year by unveiling a series of major projects in Sydney and Melbourne, in a sign their confidence has not waned in the face of weak demand for residential property.
Commercial property boom rolls on with major Brisbane deal
The commercial property boom shows little sign of abating despite the chill winds ripping through housing and shopping centres with a series of record-breaking office deals being struck just head of Christmas.
LaSalle assembles $200m Brisbane block with pair of major deals
Heavyweight funds group LaSalle Investment Management, acting for the California State Teachers’ Retirement System, has assembled a major parcel in Brisbane’s prized Golden Triangle worth about $200 million.
Ivy nightclub tipped to grow as Sydney pub king plans $1.5bn development
Pub mogul Justin Hemmes has taken the biggest bet of his career, buying a large Sydney CBD site adjoining his Ivy party palace for a multi-storey development valued at more than $1.5 billion.
Prime Adelaide tower tops $100m
A new venture between property executive Chris Lock and investment house Wingate has bought an Adelaide office tower for about $103.5 million in a sign of demand for assets in South Australia.
38-storey luxury hotel coming to Darwin CBD
The Development Consent Authority has approved a proposed 38-storey luxury hotel and apartment complex in the Darwin CBD.
Inspiration & Style
Anzac Square’s Hub makeover
Co-working giant Hub opened its newest Australian location in Brisbane’s Anzac Square late last month, spread over four levels of the award-winning building. And the new sharespace continues the trend of bringing the home into …
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