Melbourne, Australia, is the most livable city in the world, at least based on a complex formula devised by the Economist Magazine. Melbourne beat out Vienna and perennial winner Vancouver, primarily based on its infrastructure.
U.S. hotel operators reported increases in occupancy and revenue for the week of August 18-24. Occupancy was up 2.5 percent from a year earlier to 67.4 percent, while the average daily rate increased 4.3 percent to $110.11.
Actor Michael C. Hall, star of the television show "Dexter," has listed his Los Angeles compound for $2.35 million. Built in 1926, the Spanish Hacienda-style compound in Hollywood Hills is approximately 4,600 square feet.
Wariness over rising interest rates and high property prices in Hong Kong is causing investors to retreat, sending investment volumes to lows not seen in years. Transaction volumes for offices in Hong Kong dropped 67 percent during the second quarter.
OMA, the architecture firm headed by Rem Koolhaas, has won an international competition to design a 680-acre mixed-used civic center for the Colombia capital of Bogotá, described as the largest institutional master-plan in Latin America in 50 years.
Builder and developer sentiment in U.S. apartments and condominiums reached a 10-year high during the second quarter, according to the National Association of Home Builders' Multifamily Production Index.
A group of Hollywood residents filed a lawsuit yesterday to stop the $654 million Millennium skyscraper project over concerns it will be built on an active earthquake fault..The lawsuit says city officials approved plans without disclosing the proximity to the fault.
As China's growth slows and the country attempts a tricky economic restructuring, Indonesia is proving a popular second choice for real-estate investors in Asia. Its 6 percent growth rate is not far off China's 7.5 percent.
Uncertainty over the Federal Reserve's bond buy-back program has mortgage rates in the U.S. on a roller coaster. The interest rate for a 30-year fixed mortgage dropped to 4.51 percent for the week ending August 29, 2013.
The U.S. foreclosure inventory decreased 32 percent in July compared to last year, according to the latest numbers from CoreLogic. The inventory included approximately 949,000 homes in some stage of foreclosure.
With mortgage interest rates rising, 40 percent of all sales of residential property sales in the U.S. in July were all cash deals, according to a new report by RealtyTrac. The number of cash deals is up from 35 percent of all sales in June and 31 percent from a year earlier.
A subsidiary of the Hyatt Hotels Corporation plans to purchases the 1,641-room Peabody hotel in Orlando, Florida for $717 million from UST Hotel Joint Venture, Ltd.
The total value of commercial real estate investment activity in Europe grew 22 percent during the second quarter from a year earlier, led by North American and Middle Eastern investors, according to the latest data from CBRE Group.
Pending home sales in the U.S. decreased in July from the previous month as higher mortgage rates affected buyers, according the National Association of Realtors. The Pending Home Sales Index, based on contracts and not closings, decreased 1.3 percent.
It is now nearly two months since Croatia became a full member of the European Union and while many observers will focus on the difficulties the EU is facing at the moment, entry represents a historic moment for Croatia.
As confidence returns to the U.S. housing market, home buyers are once again buying huge homes - even larger than the homes popular pre-recession.
National home prices in the U.S. rose 12.1 percent in June from a year earlier, but there are signs the price increases may be slowing, according to the latest data from the S&P/Case-Shiller National Home Price Index.