The highly anticipated London Olympics will take place this summer and according to a new report, they could be the most expensive games ever.

According to Architectural Record’s latest table of US-based architecture firms ranked in order of their 2011 revenue from architecture services, the Los Angeles architecture industry is fairing well, despite the tough market

Hollywood actor James Franco is set to receive a Walk of Fame star next year, according to the official 2013 honorees list.

Billionaire Robert E. Rich Jr. has sold his Palm Beach estate for $14.35 million, making it the second largest residential deal this year in the area.

The 34th Moscow International Film Festival is being held in the Russian capital and will run in several of the city’s cinemas through June 30.

Tonino Lamborghini is the son of Ferruccio Lamborghini and founder of his a food and beverage, IT and hospitality business that has partnered with Chinese real estate developer Join In Group to create the Tonino Lamborghini Boutique Hotel Suzhou.

For those living in or visiting London this summer for the 2012 Summer Olympics, there is no question that there will be plenty to do and see around the city. New reports indicate that there are plans being considered for a Formula One race in and around the Olympic Stadium.

London luxury hotel, the Bulgari Hotel & Residences, is joining a list of high-end properties that will donate 10% of all movie industry bookings for its digital cinema and presentation suite to the Cinema and Television Benevolent Fund (CTBF) charity.

A new Moscow fashion exhibit is showcasing the incredible evolution of Soviet couture behind the Iron Curtain from the post World War I era to Perestroika. Spanning seven decades of female coquetry, the retrospective displays sophisticated, Western-inspired dress of the Communists-era elite.