Destruction of value has seen multiple buyers unable to finance their purchases, while the statutory managers hold firm on original pricing.
Secured creditors are likely to see a shortfall of $15m.
The possibility of lower interest rates might not be enough to halt a market correction, says economist Cameron Bagrie.
Wellington City Council is increasing its commercial property rates.
Property management boss predicts landlords will start cutting costs.
Sometimes it's good to see a positive outcome from the 2017/18 cryptocurrency bubble.
Construction firms that don't innovate are destined to die, experts say.
Win-lose attitude in construction hurting everyone, Jasmax chief executive says.
The Lyttelton mixed-use development aiming to help distribute wealth has raised $400,000 so far,
The property will have 13,000 commuters at peak hours but how are market conditions?