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525 Flinders Street had a price guide of $50 million and sold for less than $33 million.

Billionaire profits from slump in Melbourne office towers

Harry Stamoulis and another investor are circling office towers in Flinders and Collins streets, paying a third less than their peak values.

  • Nicole Lindsay

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Marine Hotel at 199–217 New Street, Brighton.

Dining culture test: Late night restaurant Waiters looks for new owner

The sale will test a CBD market currently in a froth about the knock-down $55 million price paid for the nearby Parkade car park.

  • Nicole Lindsay
The David Jones store on busy Bourke Street Mall is one of the longest continually operating retail spaces in Australia.

Landmark David Jones building in Bourke Street sells for $223m

The building has sold, but the iconic department store that occupies the Bourke Street Mall site isn’t leaving as it has an 18-year lease.

  • Simon Johanson
An office building at 17-27 Cotham Road, Kew Junction, will be a good litmus test of the investor market.

NAB branch quickly back on the market

Vicland developer Bill McNee is flipping the NAB branch on the corner of Toorak Road and Chapel Street, just weeks after he settled on the high-profile property.

  • Nicole Lindsay
International investors see the Melbourne and Sydney commercial property markets as a good place to invest.

Who will lead an expected $2 billion commercial property splurge?

Transaction volumes may be down as local investors sit on the sidelines, but international investors are already beginning to see some attractive opportunities.

  • Josh Rutman
The Cherry Tree hotel in Cremorne.

The Espy sells, Cherry Tree up for grabs as Melbourne pubs bounce back from pandemic slump

Decades ago there were certain inner-city pubs in Melbourne that you couldn’t just walk into - Cremorne’s Cherry Tree Hotel was one such venue.

  • Simon Johanson and Nicole Lindsay
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Residents campaigned long and hard during the pandemic against Bunnings.

Bunnings booted from hipster suburb after residents put up a fight

An attempt by the hardware giant to squeeze one of its trademark warehouses onto a busy residential street in hipster Brunswick has come unstuck.

  • Simon Johanson
Orica used a remotely operated bulldozer to clear soil at its Deer Park property of nitroglycerine.

Explosives giant Orica puts huge Deer Park industrial site on block

Explosives giant Orica is set to offload the first tranche of its massive Deer Park site in Melbourne’s west into a tight market that is setting a premium on industrial land.

  • Simon Johanson
Thanks to the taxpayer, land lot buyers will get a combined $95 million if they take up the HomeBuilder grant.

Land sales boom across Melbourne and Geelong’s new housing estates

The land boom across Melbourne and Geelong’s growth areas is gaining traction as housing estate lot sales soar close to peak levels last tapped four years ago.

  • Simon Johanson
Businesses are doing it tough in 2021.

New wave of business failures feared as end looms for tenancy support scheme

Hundreds of Victorian small business owner and their landlords are calling the government’s tenancy helpline each week.

  • Noel Towell

Original URL: https://www.brisbanetimes.com.au/topic/melbourne-commercial-real-estate-1n4v