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Commercial Real Estate

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128-130 Little Lonsdale Street, Melbourne.

Nightclub barons who owned Toff in Town, Revolver and Inflation now $4.6m richer

Monika and Camillo Ippoliti sold their CBD home-office last week for $4.55 million after a private auction in the couple’s living room.

  • Nicole Lindsay

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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
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
Baker Kate Reid of Lune Croissanterie prepares her handmade croissants.

Famed Lune Croissanterie has a new landlord after $3.8m sale

The Fitzroy premises occupied by celebrated croissant-maker Lune, which attracts devotees from all over the world, has been sold to a private investor for $3.8 million.

  • Nicole Lindsay
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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 Terrace house features bright, colourful canvas awnings.

The Terrace House – bringing a splash of colour to Brunswick

Each of the apartments features a bright, colourful automated retractable canvas awning in emerald, blue, red, yellow or pink.

  • Stephen Crafti
Lygon Street’s traditionally Italian-focused tenant mix is diversifying.

Bars and eateries revive Melbourne’s popular suburban shopping streets

Food and beverage tenants are replacing speciality stores such as shoes and fashion in Melbourne’s shopping strips.

  • Simon Johanson
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

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