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OPINION: In Western Australia, Kerry Stokes is almost untouchable. Close to government, the fourth-richest person in the state and boasting the Midas touch when it comes to business.

A luxury residential development has been flagged for the beachfront sites spanning 3,594 square metres.

The buyer of the Forrest Street property has been revealed after several months.

The WA capital was second to Darwin in annual price growth in 2025.

Cottesloe-based Locus has submitted its proposal to build an apartment complex near Hillarys boat harbour, with an estimated end value of $240 million.

The transaction paves the way for the developer's $230 million student accommodation project.

Sandy Anghie, Rikki Lea Bestall and Ian Booth will be among those to make up the state's new Creative Industries Taskforce.

Hancock Prospecting has submitted an $850 million plan to relocate facilities from the Lockyer gas field after acquiring the asset from Mineral Resources.

The state's land agency has published details of a 30-storey social housing development in Northbridge, as part of the $5.2 billion Perth City Link.

The $16.5 million acquisition, from RAAFA, will allow for a $350 million apartment project.

Nufortune liquidator Cliff Rocke is targeting fellow undertaker Bob Jacobs and key suppliers in a $1 million recovery bid.

The state's Supreme Court has ruled over a cost dispute between land developer Allen Caratti and lender Reliance Capital, with the latter awarded about $16 million.

Leaders along Western Australia's World Heritage coast are concerned an influx of anglers targeting snapper could put more pressure on fish stocks in the region.

Rio Tinto and Glencore have resumed talks over a potential merger, around a year after news broke that a deal could be on the cards.

Australia's largest steel producer announced late Monday that US company Steel Dynamics has teamed with Ryan Stokes-led SGH to lob an indicative takeover proposal priced at $30 per share.

GOLD WRAP: Two of the state's mid-tier goldminers have reported coffers closing in on $1 billion, as the sector continues its record run and production figures roll in.

Henderson-based Civmec has hit the ground running in 2026, securing more than $400 million in new contracts and extensions for its workbook.

Ryan Stokes-steered SGH would carve out BlueScope's larger North American division under its $13.2 billion takeover proposal, after labelling the target's global operations as not strategically compatible.

Western Australia's largest smallgoods company is now producing more than half of its products in Victoria.

The global asset management giant has snapped up a portfolio of five self-storage facilities from Blackstone, via its StoreLocal brand.