An Auckland-based developer behind multi-million dollar projects has had a property owned by one of his companies put up for mortgagee sale by a company he borrowed money from.

Auckland's central business district needs a rapid and major pick-up in commercial building development.

Fitzgerald Glade eatery situated by native tree tunnels on the market for $660,000.

'This is my hood," says Fletcher Development's general manager, Bernie Chote, standing at the southern end of the Three Kings Quarry looking across to Te Tatua a Riukiuta.

Auckland's economic prospects look the best in seven years, based on labour, housing construction and manufacturing activity.

Two premium office floors in the state-of-the-art Manukau Tertiary Centre on Davies Rd, Manukau, are for lease. The Warren and Mahoney designed-building is scheduled for completion in the middle of this year.

A large mixed-use zoned site with redevelopment potential on a high-profile corner site on Dominion Rd, Mt Roskill, will go under the hammer in early March.

The value of New Zealand investment buildings sold last year was back to pre-global financial crash levels.

Ground work preparations are well under way on the new Fonterra headquarters site in the Viaduct Harbour area on the corner of Fanshawe St and Halsey St.

By this time next year, the first buildings could be going up in Wanaka's single-biggest commercial and residential development.

Two dedicated shoe stores in the Bay of Islands tourism centres of Kerikeri and Paihia are for sale as one going concern business as the only stores of their type in the Far North.

Lochmara Lodge, an award-winning luxury accommodation and dining property just 15 minutes by boat from Picton in Queen Charlotte Sound, Marlborough, is for sale.

The head of Fletcher Buildings' Winstone Wallboards is defending its dominant New Zealand plasterboard position, as the company awaits a Commerce Commission ruling.

Construction workers are at Auckland University's Newmarket campus site, preparing former warehouses for the first students to move in from late July.

New figures out today show those renting in Christchurch were paying nearly $40 more than Auckland renters in the last three months of last year.

The industrial sector is leading the Tauranga commercial and industrial property market along a steady, albeit slow, recovery path.

The dilution of housing intensification in relation to Auckland Council's recently notified Unitary Plan will adversely affect the supply of land for businesses.

Port of Tauranga has continued its national expansion by buying up 15ha of commercial land in Canterbury to create a new inland port.