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Larry Schlesinger

February

Still ignoring hotel loyalty schemes? Here’s why you shouldn’t

The reward programs of hotel giants like Marriott, Accor and IHG are free to join. And you can use the points for far more than a hotel stay.

Mineral Banks is being sold for the first time in more than 90 years.

Outback Wagyu powerhouse to test appetite for top-end farms

The Taylors Plains property, which has come to the market with a $75 million guide, will be the first big test of appetite for trophy livestock properties in 2025.

January

The Burleigh Heads project will include full-floor and half-floor residences

Gold Coast tower with $25m penthouse and Tesla approved

The 23-storey tower overlooking at Broadbeach will have just 24 apartments including a triple-level penthouse, a Tesla car share and concierge service.

The North West Private Hospital in Burnie, Tasmania owned by the REP fund is being expanded.

Why this fund manager is ditching malls for private hospitals

RAM says private hospitals are good investments if you buy the right ones, and is selling malls and buying healthcare assets for its ASX-listed property fund.

Orchard Piper’s Toorak Village topped out in December.

Mother-daughter duo spend $17m on two off-the-plan Toorak apartments

Wealthier buyers are snapping up luxury apartments in good locations, with this project in Melbourne’s most prestigious suburb now close to selling out.

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Making a splash on Collins Street:   Pembroke boss Joe Fitzpatrick in the firm’s first co-working hub

Why co-working operators love the weak office market

US real estate firm Pembroke is opening its first co-working hub and others are expanding, tapping demand from tenants reticent to sign long-term leases.

The Hotel Australasia last sold for $1.65m in 2022.

Sydney developer snaps up last Virtical pub in first trade of 2025

Sydney developer Lyon Group has bought the Hotel Australasia for $4.1m from receivers, after more than $1bn of NSW pubs changed hands in 2024.

Optus Stadium (main) and Australian Rugby World Cup 2027 bid advisory board member Phil Kearns (inset).

Bidding war looms for home builder AVJennings

Singaporean group Ho Bee Land has trumped a bid by Propium Capital Partners.

A house that fell down a hill during a landslide in McCrae.

Luxury home taken off market after catastrophic landslide

A local agent has been forced to pull a luxury home on Victoria’s Mornington Peninsula from the market after it was damaged by a house that collapsed in a landslide.

Few analysts forecast a fall in Melbourne house prices in 2024.

Why housing economists got it wrong on Perth, Melbourne prices

Some of the country’s top economists missed the boom in Perth house prices in 2024, and almost no one expected Melbourne values to fall.

Good Food. Terry Durack review at The Gidley, Basement, Sydney. Photograph by Edwina Pickles. 21st Nov 2019

Top restaurant groups expand as diners feast on hot new venues

While many are doing it tough, some of the country’s top hospitality operators are expanding as people seek out novel culinary experiences.

The Monark Property Partners team (from left): Michael Kark (CEO and co-founder), Adam Slade-Jacobson  (CIO and co-founder) and Dani Peer (head of capital).

Private lender caps raise at $45m, warns of ‘diminishing returns’

Private lender Monark deliberately capped its latest raising, despite strong interest, to ensure it wasn’t pressured to deploy capital into riskier projects.

Goodman’s development of hyperscale data centres like this one in Tokyo makes it a top pick for global REIT investors.

Goodman, Scentre among REITs set to bounce higher in 2025

A lack of new supply is expected to put more pricing power in the hands of landlords, meaning stronger earnings growth in 2025, say global investment managers.

December 2024

The hotel is operated by IHG under its luxury Intercontinental brand.

Wealthy families to sell Sorrento’s ‘Conti’ hotel for $180m

The Continental stands at the gateway to some of Victoria’s most expensive real estate, including the clifftop mansion of Portsea owned by Rich Listers.

The Toorak development will include a ground floor restaurant.

James Packer-backed $400m Toorak project gets the green light

Developer Orchard Piper has won an appeal against a council decision regarding its eight-level project on the site of a former Mercedes-Benz dealership.

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The lower levels of the Atlassian tower will house a flagship YHA hostel.

Atlassian tower the next frontier for reborn hostel operator

As it prepares for its most ambitious opening yet, YHA Australia’s business continues to boom as demand for budget stays grows.

The Commercial Hotel in Brisbane is one of three pubs acquired by Redcape.

Redcape bolsters pub portfolio with triple Brisbane swoop

MA Financial’s hospitality group bought the three venues for a combined $66 million following a recent string of asset sales.

The Windsor Castle Hotel is one of two pubs owned by Tracey Lester.

Popular Melbourne pub business collapses

Administrators are seeking buyers for businesses that operated The Carlton Club in the Melbourne CBD and the Windsor Castle Hotel in the inner suburbs.

David Di Pilla at the bell-ringing ceremony for the float of DigiCo REIT.

‘Instant gratification’ investors drive 14pc fall in data centre float

Investors have sold out of data centre landlord DigiCo after it failed to fire up following its much-hyped float on Friday, say brokers.

Farmland with permanent crops like macadamia trees has fallen sharply in value this year.

Orchard and vineyard values down 15pc as livestock farms rally

Farmland planted with permanent crops such as wine grapes and nuts has fallen 15pc on average over the past 12 months, according to a key index.

Original URL: https://www.afr.com/by/larry-schlesinger-14476t