Giuliana and Bill Rancic are set to open an Italian eatery at 52 W Illinois, in a space that Ben Pao once occupied. The television personality and E! News co-host will be teaming up with Jerrod, RJ and Molly Melman of Lettuce Entertain You in a mission to open RPM Italian in late January.

If you’re in the mood for some late night Indian food, you’re in luck. Urban Masala, just soft opened last Friday and will be officially opened on December 30. The modern café serves traditional Indian dishes such as main entrees like masala, curry, saag paneer, dal, and chicken tikka served with fresh naan including similar fillings. There are two choices of salads, tofu tikka and chicken tikka.

Yesterday in Los Angeles, the 1940’s actor, Orson Welles’ Oscar was auctioned off for more than $861,000. The “Citizen Kane” star won the Academy Award for the original screenplay. Ironically, for decades the statue has been thought to be lost until a cinematographer Gary Graver attempted to sell it back in 1994.

Recently, Jill Eber and Jill Hertzberg of Coldwell Banker have listed the most expensive house in Miami at $60 million dollars. This posh mansion provides as much space, suitable for a king at 30,000 square feet, but one would need a great amount of land to build such a mega-mansion, located in Indian Creek Island, the home shows the very beauty of South Florida.

Mizrahi’s latest deal with Burma Bibas, a brand that specializes in menswear is the newest partnership to soon-to-be launched since, Xcel Brands Inc. bought out Isaac Mizrahi’s label. After Xcel Brands Inc. marketed several products under the Mizrahi label such as foot wear, beauty products, eyewear and jewelry, of course, after signing a number of agreements. In fact, Mizrahi is thrilled about his new partnership.

Its official, Ellen DeGeneres and her wife Portia de Rossi are new homeowners of a luxurious Malibu mansion, but not just any mansion, one formerly owned by Brad Pitt. After the couple had put their Beverly Hills home on the market earlier in the year, they’ve been interested in Pitt’s digs.

On March 1st, 2012, many Japanese PlayStation gamers will be very pleased, after hearing the news of the release of the PS3 limited edition One Piece: Kaizoku Musou. That’s right! The golden PS3 will be available for purchase in Japan.

Many may know Pera Mediterranean Brasserie located in Midtown. Well, the owner is set to open a new location over the weekend, named Pera Soho which will be Downtown. What makes the Soho outpost a bit different from the Midtown location is that the main focus is all about bringing in all local eaters that would love to experience some traditional Mediterranean hospitality, with Chef Ryan Skeen cooking some of his favorite creations, such as a whole-lamb dinner, a specialty dinner that can be ordered 24 hours in advance.

According to survey data taken from the Center for Housing Policy, New York has been ranked the nation’s second most expensive city for homebuyers in the United States. As Crain’s reported, the busy metropolitan area has a median sale price of $450,000 for all homeowners in the third quarter.