Pub tsar Justin Hemmes has snapped up the Tennyson Hotel in Sydney's Botany Road, Mascot for $37.5 million - a record price for a hotel sale at a public auction.
Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
Investors are scouring the inner west suburbs of Sydney to grab a piece of land for development in a market where stock levels are tightening, according to agents.
It was a frenzy of online shopping last weekend as Australian shoppers embraced the US tradition known as Black Friday and Cyber Monday.
A prominent Clovelly freehold building at 338-342 Clovelly Road, directly opposite the Clovelly Hotel, has been bought by a private investor and owner-occupier for $2.92 million.
One of the lead advisers to real estate group McGrath's float, Bell Potter, has taken the knife to its earnings forecasts and price target for the stock for the third time since its disappointing December 2015 listing.
The "will they, won't they" move on Investa Office Fund by its largest shareholder, Cromwell Corp, has thrown the spotlight on to the real estate investment trust sector, prompting speculation of a fresh round of mergers and acquisition activity in the coming year.
ALEXANDRIA $190.68 sq m gross.
Long time mates and businessmen, John Singleton and Geoff Dixon, are selling off two prized assets.
The Investa Commercial Property Fund has cemented its position in the group with the purchase of an 8.94 per cent stake in Investa Office Fund from Post Sale Portfolio Issuer Pty Ltd, a company owned by funds managed by Morgan Stanley Real Estate Investing (MSREI).
The Hyatt Regency Sydney is the latest hotel to open its doors at a time when the sector is in the throes of a large development phase.