Latest Commercial Property News Articles

30 June, 2011:

Sofitel opens first outpost of 'Legend' luxury chain in Europe

Sofitel has opened the first European outpost of its ultra-luxury Legend brand in Amsterdam, the Netherlands.

One Hyde Park: The most expensive ghost town in the world?

They were hyped as the ultimate luxury flats. But has anyone moved in to London's exclusive One Hyde Park yet? Neil Tweedie reports

28 June, 2011:

Spain mall sales may hit $1.4 bln in 2011- Savills

Spanish retail property's appeal to investors will linger into late 2011, with more shopping mall assets being sold into an increasingly competitive market, potentially doubling deal volumes to about 1 billion euros ($1.43 billion), research showed.

27 June, 2011:

ExxonMobil moves forward with new digs

Taking a big step forward on a major real estate endeavor, ExxonMobil Corp. has just chosen Gilbane/Harvey-Houston to build its new Houston office campus on a 385-acre site.

24 June, 2011:

Singapore is poised to pass Las Vegas in gaming revenue

Singapore is poised to pass Las Vegas in gaming revenue this year, meaning that the former world gambling capital could drop to No. 3.

23 June, 2011:

EU-Morocco institutional twinning project launched

In the context of identifying new areas of mutual cooperation and developing close relationships with Europe, the Moroccan Office of Industrial and Commercial Property (OMPIC) launched on June 14, 2011 a project funded by the European Union (EU), according to Margreb Arabe Press.

21 June, 2011:

Where to eat in Girona when you can't get into the world's second best restaurant

Maybe it was the fact that there were no residents of Girona actually eating there, just a smattering of English and German couples patiently awaiting their first courses.

20 June, 2011:

Global property markets teeter to recovery

Commercial property is in the midst of a multi-speed global rebound in 2011, as the sector emerges from the shadow of recession and is buffeted by a range of economic, refinancing and demand pressures across markets.

David Lynch designs Paris club inspired by Mulholland Drive

Filmmaker David Lynch has designed Club Silencio, a Paris nightclub based on the venue in his 2001 thriller Mulholland Drive starring Naomi Watts, which is set to open in September.

Dubai's Index wins tall building award

Index, the 80-storey building developed by Union Properties in Dubai, has clinched the '2011 Best Tall Building' award for the Middle East and Africa region from the Council on Tall Buildings and Urban Habitat (CTBUH).

Chinese housing developers seek profits below the surface

With the volume of home sales continuing to fall amid strict measures aimed at tightening the property market and lowering house prices, some real estate companies are trying to dig their way out of the uncertainty by getting into mining.

16 June, 2011:

W Hotels makes Russia debut

W Hotels Worldwide has made its entry into Russia with the opening of the W St. Petersburg.

14 June, 2011:

The rebirth of American shopping malls

Vacancy rates at U.S. malls are at their highest level in years. So why are investors pouring money into them?

13 June, 2011:

Spanish commercial real estate sector grows by 140%

New business start-ups in the Spanish property sector has grown by almost 140% in the first five months of 2011, compared to the same period in 2010, rising from 514 to 1,233 new businesses formed, according to a business study published by D&B.

10 June, 2011:

Egyptian Resorts swings to Q1 profit

Real estate firm Egyptian Resorts posted first-quarter net profit of EGP3.8 million ($639,500) on higher revenues, the firm said on Thursday.