Kerry Stokes' private company Australian Capital Equity reported a 70 per cent year-on-year drop in annual profit last year, as the value of its asset book closes in on $3 billion.
The three-storey property was bought by a local medical centre operator intending to occupy some of the building and lease the rest to other medical and allied health operators.
Development of the final superlot at the Exmouth Marina has begun, with Fowler Group and Celsius Property turning the sod on the $70 million Sundrift Estate.
BGC Australia has reported another big operating loss as the restructuring of the group continues but also disclosed a strong operating result in its core building materials business.
Hall & Prior and Sister Kate's are one step closer to open Western Australia's first Aboriginal health and aged care facility after a panel approved the multi-million-dollar proposal.
Local industrial firm Perron Group has reported yet another big net profit, boosted by gains from a diversification strategy that included the sale of stakes in two Perth shopping centres.
Heavyweight developer Nigel Satterley has called for more resources to be pulled into government approvals agencies to streamline processes and build more houses.
The national food charity and rescue organisaton is the first tenant of a new 2,000-square metre warehouse in Kewdale, after securing a 10-year lease from Paul Sarich.
The state government has turned to the private sector to build a manufacturing facility for housing components to speed up and increase residential supply.
Golden Sedayu's $3.8 billion Burswood Point project is one step closer to reaching fruition, following the appointment of two builders to construct the riverfront townhouses.
Nicheliving's directors' bid to regain full control of the entities is in limbo after they missed a deadline to sell their Northbridge office - a crucial condition of their buy-back plan.
New data assessing the country's major mining regions has shown Bridgetown and Boyup Brook house prices increased by 270 per cent since 2005 and the East Pilbara was the most volatile, not yet recovered from its 2012 peak.