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Author: Marc Pallisco

News Victoria 

Former Mossgreen auction house for lease

October 11, 2018October 11, 2018 Marc Pallisco

The former Armadale premises of antiques and art auction house Mossgreen, which entered administration late last year, is for lease.

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News Victoria 

Gibson PC and Roche PG offload seven retail assets in Melbourne’s Mill Park

October 11, 2018October 11, 2018 Marc Pallisco

Seven retail assets on the ground floor of a Mill Park apartment complex, construction of which has just begun, sold

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News Victoria 

Floridia Italian Social Club lists historic former Kensington Masonic Lodge

October 11, 2018 Marc Pallisco

The Floridia Italian Social Club has listed for sale its long-time Flemington base. The historic property (pictured top, left and

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News Victoria 

Wingara Ag Limited buys Melbourne cold storage complex for $15.1 million

October 11, 2018October 11, 2018 Marc Pallisco

A cold storage complex on three hectares of land over two streets in Melbourne’s west has sold for $15.1 million.

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News Victoria 

AEU to bank c$20 million from sale of riverside Melbourne site it recently had rezoned

October 9, 2018October 10, 2018 Marc Pallisco

The Australian Education Union Victorian branch is selling one of two adjoining properties it owns on the banks of the

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News Victoria 

News Corp Australia sells Leader HQ in Melbourne’s Blackburn for $30.2 million

October 9, 2018October 11, 2018 Marc Pallisco

Vantage Property Investments has paid $30.2 million for the Blackburn headquarters of Melbourne’s Leader newspaper group. News Corp Australia reported

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News Victoria 

Intercontinental Hotel Group commits to Maroondah’s tallest building

October 8, 2018October 9, 2018 Marc Pallisco

InterContinental Hotel Group – the British-based parent of Holiday Inn & Suites – has signed a management agreement for a

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A.C.T. New South Wales News Queensland South Australia Victoria 

Third time lucky for Starwood Capital with $480 million bid for Australian Unity Office Fund

October 8, 2018October 9, 2018 Marc Pallisco

It may be third time lucky for Starwood Capital in its attempt to buy the Australian Unity Office Fund. Following

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News Victoria 

Andrews government selects preferred site for new Footscray Hospital

October 8, 2018October 8, 2018 Marc Pallisco

The Andrews government has selected a preferred site for the new $1.5 billion Footscray Hospital near that suburb’s border with

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News 

LMW in $10.3 million takeover bid for valuer Taylor Byrne Holdings

October 9, 2018October 9, 2018 Marc Pallisco

ASX-listed property advisory group LandMark White Limited has offered $10.3 million cash and scrip takeover bid for Brisbane-based valuer Taylor

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New South Wales News 

Celebrity chef Matt Moran and businessman Bruce Solomon sell Clovelly Hotel leasehold

October 9, 2018 Marc Pallisco

The Clovelly Hotel in Sydney’s south-east has been sold by Solotel, a company controlled by celebrity chef Matt Moran and

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News Victoria 

Munz family to sell mansion in Toorak’s best street

October 9, 2018October 9, 2018 Marc Pallisco

Members of the wealthy Munz family are selling a renovated mansion in the street widely considered to be Toorak’s best.

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New South Wales News 

Malouf family buy hotel once owned by John Singleton and Geoff Dixon

October 9, 2018October 12, 2018 Marc Pallisco

Royal Hotels, which is owned by the Malouf family, has acquired Sydney’s Bellevue Hotel. The historic Woollahra property (pictured top

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News Victoria 

South Yarra’s best development site to make way for offices, shops, plaza

October 5, 2018April 26, 2021 Marc Pallisco

It is arguably South Yarra’s best development site, but most locals wouldn’t realise it was there. Airspace, atop rail lines

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News Victoria 

Agent canvas call snares Dunlop Flooring for Dexus

October 5, 2018 Marc Pallisco

Dunlop Flooring has signed a seven-year lease deal for a purpose-built warehouse in Melbourne’s west. The Prime-grade quality investment (artist’s

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News Victoria 

Box Hill deals worth a total of c$55 million made this week

October 5, 2018October 23, 2018 Marc Pallisco

Three prime properties in the Box Hill area found buyers this week, in deals speculated to be worth a total

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News Victoria 

Strategic Bacchus Marsh development site expected to sell for c$20 million

October 5, 2018October 5, 2018 Marc Pallisco

An opportunity to help double the population of the Melbourne township of Bacchus Marsh has arisen, with a private landowner

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News Queensland 

The Wickham Hotel in Brisbane sells off-market for $14 million

October 5, 2018 Marc Pallisco

Popular and renovated Brisbane hotel The Wickham (pictured, top) has sold off-market to a Sydney investor for $14 million. The

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News Victoria 

Melbourne CBD shops sell for $6.47 million

October 5, 2018October 8, 2018 Marc Pallisco

Two retail investments on the ground floor of the two-year old MY80 apartment tower in the Melbourne CBD have sold

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News Victoria 

Home of AFL footy cards sells

October 5, 2018 Marc Pallisco

Agents found a buyer for the home of AFL footy cards this week. In the Prahran pocket of Windsor, the

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News Victoria 

Berwick swim centre fetches $7m-plus as development site

October 5, 2018October 8, 2018 Marc Pallisco

An investment marketed as a development opportunity in the outer south-east Melbourne suburb of Berwick is selling for a speculated

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News Victoria 

Former AFL footballer Travis Cloke lists contemporary Kangaroo Ground home

October 5, 2018October 12, 2018 Marc Pallisco

Former AFL footballer Travis Cloke (pictured, top) is selling the Kangaroo Ground property he bought just two years ago. The

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News Victoria 

Investment bank Moelis buying Zagame pub portfolio for a speculated $270 million: sources

October 2, 2018October 3, 2018 Marc Pallisco

New York based investment bank Moelis is understood to be close to finalising an agreement worth a speculated $271 million

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New South Wales News 

Austral Bricks sells Sydney industrial sites for $41 million

October 5, 2018 Marc Pallisco

Austral Bricks is banking $41 million from the sale of adjoining industrial sites in Riverwood, about 18 kilometres south of

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New South Wales News Queensland Victoria Western Australia 

Vicinity Centres banks $631 million from sale of 11 shopping centres across Australia

October 5, 2018October 5, 2018 Marc Pallisco

Vicinity Centres has sold 11 shopping centres spread across Victoria, New South Wales, Queensland and Western Australia, for a total

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News Victoria 

Networth co-founder Leslie Heine offers South Yarra office for lease

October 3, 2018 Marc Pallisco

Networth co-founder Leslie Heine is wasting no time profiting from a South Yarra office building he was reporting as buying

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News South Australia 

Adelaide industrial investment leased to SA government fetches $10.1 million

October 3, 2018 Marc Pallisco

A fully-leased industrial investment north of Adelaide has sold for $10.1 million. In Gepps Cross, about 12 kilometres from the

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News Victoria 

Ben Cousins’ former Melbourne home for sale

October 2, 2018October 2, 2018 Marc Pallisco

The Elsternwick house former AFL player Ben Cousins rented while he lived in Melbourne, and played for the Tigers, is

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News Western Australia 

Hawaiian and QIC pay $4 million for retail asset adjoining their Claremont Quarter shopping centre

October 2, 2018October 2, 2018 Marc Pallisco

Hawaiian and Queensland Investment Corporation have paid $4 million for a historic building next door to their Claremont Quarter shopping

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New South Wales News 

Catholic Archdiocese of Sydney turning property developer

October 2, 2018 Marc Pallisco

The Polding Centre in the Sydney CBD could be replaced with a 61-storey apartment building atop an eight-level podium if

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News Victoria 

Malaysian pension fund looks to near-double its outlay offloading Melbourne office

October 1, 2018October 2, 2018 Marc Pallisco

A modern office in Melbourne’s Docklands is for sale with price expectations of about $200 million – a substantial rise

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New South Wales News 

Sydney apartment of late actress Cornelia Frances sells

October 2, 2018 Marc Pallisco

The son of late actress Cornelia Frances has sold her home in Sydney’s Neutral Bay. The apartment at 50 Aubin

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A.C.T. News 

Ousted PM Malcolm Turnbull lists Canberra penthouse for sale

September 30, 2018October 1, 2018 Marc Pallisco

The month after being replaced as the leader of the federal Liberal Party, Malcolm Turnbull is selling his Canberra penthouse.

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News Victoria 

End of an era as Allans Music quits the Melbourne CBD after more than 150 years

September 28, 2018October 2, 2018 Marc Pallisco

It is the day the music died in Melbourne city retail. Last week, For Lease signs went up on the

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New South Wales News 

Claudia Karvan, Jeremy Sparks list warehouse converted home

October 1, 2018November 8, 2021 Marc Pallisco

Actress, director, producer and script writer Claudia Karvan with partner Jeremy Sparks, an engineer, can expect c$2.7 million selling their

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A.C.T. New South Wales News 

AXA Investment Managers acquiring four hotels on Australia’s east coast for a speculated $330 million

October 1, 2018October 1, 2018 Marc Pallisco

Paris-based AXA Investment Managers is continuing a national real estate spending spree, entering due diligence to buy four hotels on

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News 

Amazon launches new bricks-and-mortar store

September 30, 2018September 30, 2018 Marc Pallisco

Amazon – the world’s biggest online retailer – has opened a new bricks-and-mortar store. Amazon 4-star sells products rated 4-stars

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News Victoria 

Skinny hotel mooted opposite Melbourne hospitals

September 30, 2018February 10, 2021 Marc Pallisco

A twelve storey hotel with 55 suites, but three car parks, is mooted to replace a historic workshop opposite the

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New South Wales News Victoria 

Flight Centre to expand with hotel management, ownership

September 30, 2018October 1, 2018 Marc Pallisco

Flight Centre – the largest retailer of travel in Australia – is checking into the hotel business. The group is

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News Victoria 

Eight storeys sought in Kensington

September 30, 2018February 11, 2021 Marc Pallisco

Plans for an eight level apartment building have been submitted to replace three Kensington industrial sites. Forty one dwellings are

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News Victoria 

Jewish Care Victoria sells redundant Melbourne nursing home

September 28, 2018September 28, 2018 Marc Pallisco

Jewish Care Victoria has sold a vacant nursing home in Melbourne’s Caulfield North for a speculated price of $10.8 million.

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News Victoria 

Hotel baron Bruce Mathieson seals a prestige property deal 11 years in the making

September 27, 2018September 27, 2018 Marc Pallisco

It is the prestige property deal 11 years in the making. Millionaire pub and poker machine owner Bruce Mathieson has

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News Victoria 

Pirovich offers strategic former Yarra Honda site with permit for a seven level office

September 27, 2018September 27, 2018 Marc Pallisco

Local developer Pirovich is selling a prominent Abbotsford development site amalgamated in two parts over two years. The holding, with

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News Victoria 

Rothelowman lists Southbank HQ permit-ready for an 18-level apartment complex

September 27, 2018September 27, 2018 Marc Pallisco

Boutique architect firm Rothelowman is selling its Southbank headquarters as a residential development site. On a valuable Capital City Centre

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News Victoria 

ABC radio announcer Richelle Hunt to sell fully renovated Edwardian home

September 27, 2018September 27, 2018 Marc Pallisco

ABC radio host and journalist Richelle Hunt (pictured, left) is selling a historic home in the bohemian St Kilda East

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News Victoria 

Childcare operator outbids residential developers for Bulleen block

September 27, 2018October 2, 2018 Marc Pallisco

A childcare centre operator has outbid residential developers to snare a large site in Melbourne’s north-east. Alpha is paying $3.25

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News Victoria 

Pomeroy Pacific acquires strategic Mulgrave site for $30.5 million

September 26, 2018September 26, 2018 Marc Pallisco

Pomeroy Pacific is spending $30.5 million on an industrial investment with development upside in Melbourne’s Mulgrave. The deal – negotiated

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News Victoria 

ABC lists Elsternwick’s landmark “Gordon Street” studio

September 25, 2018September 26, 2018 Marc Pallisco

Sixteen months after television production ceased at ABC’s Ripponlea studio, and staff based there were relocated to Southbank, the public

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News Victoria 

Hayball sells Southbank HQ to Evolve Development for $30 million

September 25, 2018September 25, 2018 Marc Pallisco

Architecture firm Hayball has sold its Melbourne headquarters to local builder Evolve Development for a speculated price of about $30

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News Victoria 

Teachers Mutual Bank buys adjoining shops in Melbourne’s Docklands

September 25, 2018September 28, 2018 Marc Pallisco

Teachers Mutual Bank – one of Australia’s largest mutual banks – has paid $1.28 million for two adjoining ground floor

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News Victoria 

LYZ sells Hawthorn investment with development upside for $25 million

September 25, 2018September 25, 2018 Marc Pallisco

An investment property with development upside in the eastern Melbourne suburb of Hawthorn has sold for $25 million – a

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News Victoria 

Office on Melbourne’s Yarra River sells for $41 million

September 26, 2018May 5, 2020 Marc Pallisco

Members of Melbourne’s philanthropic Holckner family have sold a riverside office in Melbourne’s inner north-east suburb of Abbotsford for $41

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News Victoria 

ISPT’s Campbellfield Plaza expected to sell for more than $80 million

September 25, 2018September 26, 2018 Marc Pallisco

Industry Superannuation Property Trust can expect to bank more than $80 million from the sale of a major shopping centre

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News Victoria 

Kindness House for sale again

September 24, 2018February 10, 2021 Marc Pallisco

One of Melbourne’s best located and most unusual inner-city commercial properties has been listed for sale again. Kindness House in

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News Western Australia 

Ascot Capital Limited sells West Perth office for $33 million to first time Singaporean investor

September 24, 2018 Marc Pallisco

A Singaporean investor has made their first foray into the Perth commercial property market, paying $33 million for an office

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New South Wales News Queensland South Australia Victoria 

Cohen family banks $27.6 million selling portfolio of seven Godfreys-leased assets

September 24, 2018September 27, 2018 Marc Pallisco

Interests associated with the Cohen family, founders of vacuum cleaner chain, Godfreys, have pocketed $27.64 million from the sale of

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News Victoria 

Jenny Macklin sells Ivanhoe East home after nine days

September 23, 2018 Marc Pallisco

Retiring Australian Labor Party frontbencher Jenny Macklin has sold her Ivanhoe East home for a price speculated to be between

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News Victoria 

Cheltenham’s Arnos factory redevelopment complete

September 21, 2018February 20, 2021 Marc Pallisco

With the listing of three strata-titled commercial and retail assets, Goldfields Group and The Schachter Group are ready to check

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News Victoria 

Hawthorn’s historic Cibneys Buildings sells for c$5.4 million

September 24, 2018 Marc Pallisco

The historic Cibneys Buildings, in Melbourne’s blue-ribbon suburb of Hawthorn, has sold to an investor for a speculated price of

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News South Australia Victoria 

New JV acquires logistics assets including c$50 million Siemens warehouse in Melbourne’s Bayswater

September 21, 2018September 21, 2018 Marc Pallisco

Singapore’s listed Straits Trading Company Limited has announced a joint venture partnership with Commercial & General to manage a portfolio

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News Victoria 

Inner-city Melbourne warehouse with office redevelopment potential sells for $9.9 million

September 24, 2018September 24, 2018 Marc Pallisco

Another Richmond warehouse with high-rise redevelopment potential has sold following a campaign contested by a mix of prospective buyers. The

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News Victoria 

Hanksy family selling Burwood One – the site of Australia’s first K-Mart

September 21, 2018September 27, 2018 Marc Pallisco

An enormous shopping centre valued upon listing at about $200 million is under offer on the day the marketing agents

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New South Wales News 

Jerry Schwartz to convert ex-Newcastle Post Office

September 30, 2018February 13, 2021 Marc Pallisco

The Newcastle Post Office, which has sat vacant for more than 10 years, will be repurposed into a hospitality centre

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News Victoria 

Pace of Flemington to launch from Birdcage Enclosure this Melbourne Cup Carnival

September 21, 2018September 21, 2018 Marc Pallisco

Pace Development Group will use the upcoming Melbourne Cup Carnival to launch a 17-level apartment building earmarked for land which

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News Victoria 

Ford seeks $75 million-plus from sale of factories in Melbourne and Geelong

September 20, 2018March 23, 2019 Marc Pallisco

Ford Australia can expect to bank more than $75 million from the sale of three high-profile former production plants. Combined

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News Victoria 

Elwood Bathers to replace iconic Sails on the Bay following leasehold sale

September 20, 2018September 20, 2018 Marc Pallisco

It is the end of an era in Melbourne’s bayside suburb of Elwood, with restaurateurs Monica and Derek Fuller selling

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News South Australia 

North Adelaide home once the private residence of Rupert Murdoch’s family hits the market

September 21, 2018 Marc Pallisco

A North Adelaide property said to have once been the family home of Rupert Murdoch (pictured, left) has hit the

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News 

James Packer spends $82 million on LA mansion once owned by Danny DeVito and Rhea Perlman

September 21, 2018September 21, 2018 Marc Pallisco

James Packer – or as he is being reported by some overseas news outlets, “Mariah Carey’s ex” – has spent

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News Victoria 

City of Whittlesea offers Growling Frog Golf Course for lease with development options

September 20, 2018 Marc Pallisco

The City of Whittlesea council is offering a 129-hectare golf course, with hospitality redevelopment potential, in Melbourne’s north-east. The leasehold

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News Victoria 

Former ES&A Bank at Camberwell Junction sells for $4.75 million

September 20, 2018 Marc Pallisco

A prominent historic ex-bank at the Camberwell Junction has sold for $4.75 million – a rise on the $3.6 million

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News Victoria 

Franco Cozzo turns developer with plans to replace Brunswick store

September 19, 2018September 23, 2018 Marc Pallisco

One of Melbourne’s highest profile retailers is turning property developer. Franco Cozzo – whose television commercials are as distinctive as

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New South Wales News Queensland 

Altis Property Partners sell two large-format retail centres for a total of $282.4 million

September 20, 2018September 20, 2018 Marc Pallisco

Altis Property Partners has sold two large-format retail assets on Australia’s east coast for a total of $282.4 million. The

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News Victoria 

Dexus spending $230 million to acquire two neighbouring offices in Melbourne’s Collins Street

September 19, 2018September 19, 2018 Marc Pallisco

Dexus is spending $230 million to acquire two neighbouring assets (outlined, top) at the eastern end of Melbourne’s Collins Street

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News Victoria 

Tallest mural in the southern hemisphere is taking shape in Collingwood

September 18, 2018September 18, 2018 Marc Pallisco

The tallest mural in the southern hemisphere is taking shape on a public housing block in Melbourne’s Collingwood. Artist Matt

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News Victoria 

Highpoint Homemaker Centre for sale

September 19, 2018February 15, 2021 Marc Pallisco

The GPT Group has listed a retail asset built on the site of the Maribyrnong Sunset Drive-in, which closed in

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New South Wales News 

GPT Group snares national company for 11,000 sqm spec-built Sydney logistics centre

September 18, 2018September 18, 2018 Marc Pallisco

GPT Group has found a tenant to occupy a logistics centre it built speculatively in Sydney’s Huntingwood. The property giant

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News Victoria 

CostaFox planning eight-level strata office complex in Melbourne’s “hot” Cremorne

September 17, 2018September 17, 2018 Marc Pallisco

CostaFox has lodged plans to replace the airspace of a historic Melbourne warehouse with an eight-storey strata office complex. In

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News Victoria 

Snowy River block for sale

September 18, 2018February 11, 2021 Marc Pallisco

Postscript: this property has now sold. Read that story here. The Merrijig site made famous as Harrisons Homestead in 1980s

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News Victoria 

Torquay asset, purpose built for Quiksilver in 1997, sells to Melbourne’s IP Generation

September 17, 2018November 8, 2022 Marc Pallisco

One of the biggest and highest profile commercial sites on Victoria’s Surf Coast has sold for more than $15 million.

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News Victoria 

Kew locals the winners from $16 million development site sale

September 17, 2018September 17, 2018 Marc Pallisco

A unique development site in the leafy eastern Melbourne suburb of Kew has sold to a local developer who is

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