HOTELIER Julian Gerner has again taken full ownership of Sorrento’s Continental Hotel, after joint venture partner for its $80 million redevelopment, Steller, collapsed earlier this year, and new suitor LBA Capital had its assets frozen following accusations of loan breaches. Redevelopment of the 144-year-old hotel on Victoria’s Mornington Peninsula was a sensitive issue initially, and…

DESPITE business confidence remaining patchy and companies reluctant to make long-term decisions until the economic outlook improves, all Australia CBD office markets recorded positive net absorption with Adelaide emerging as the star performer thanks to the defence spending. According to JLL, the national CBD office market vacancy rate was 8.1% in 3Q19 – a reduction of 1.0% over the year to…