After Carillion's Collapse: What Fairfax's Move Means For Carillion Canada And The Industry
Fairfax Financial Holdings Ltd. has entered into an agreement to acquire some assets from Carillion Canada, which recently sought bankruptcy protection.
Fairfax will acquire Carillion's services business “relating to facilities management of airports, commercial and retail properties, defense facilities, select health care facilities, and on behalf of oil, gas and mining clients, including under the Outland brand,” according to a Fairfax…
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NorthWest Acquires Hospitals In Germany, Australia And New Zealand
NorthWest Healthcare Properties Real Estate Investment Trust has agreed to acquire five German medical properties and five hospitals in Australia and New Zealand for $314M.
The deals come with a commitment of $182M for planned hospital expansions.
NorthWest reports the…
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Vaughan, Oshawa Set Records In Construction
Vaughan and Oshawa both experienced record-setting years in construction in 2017.
According to figures released by the city of Vaughan, there was a total of $1.97B in construction value on 5,328 permits issued in 2017. That number far surpasses 2016 figures,…
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Oakville Council Approves Additional Protections For Glen Abbey Golf Club
The Oakville Town Council has approved additional protections to limit redevelopment of the historic Glen Abbey Golf Club.
At a special meeting Monday, the Oakville planning and development council unanimously approved several measures aimed at restricting building at the longtime site…
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8 Things To Know While Watching The Winter Olympics In South Korea
Part sport, part business, part spectacle, part bragging rights for the host nation: the Olympics are all that and more.
The games also have a real estate impact, sometimes leaving behind valuable infrastructure, such as the 1936 Olympic stadium in Berlin, and at other times white elephants, such as pretty much anything built for the 2004 Athens Games.
Now the games are coming to rural South Korea in a sparsely populated mountainous region that hopes to be a wintertime destination. Here are eight things to know about South Korea and the games ahead of the event.
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Commercial Real Estate Pricing Drops Nationally As The Search For Attractive Assets Continues
Commercial real estate pricing entered 2018 on a low note. Nationwide prices fell 0.3% last month, representing the ninth consecutive month of declines.
“We edged off historic highs. The declines over the last three quarters have been mild and more of a stagnation than a decline,” Ten-X Senior Quantitative Strategist Chris Muoio said. “Prices have plateaued.”
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Tenants Love Bike Rooms. Bike Repair Shops? Not So Much.
While real estate is all about location, multifamily amenities are what drive leasing activity. In Silicon Valley, multifamily developers are having to take the extra step to add that one amenity that everyone is talking about. But the next big amenity does not always work.
“Bike storage works all the time, for sure, but we thought a shared bike repair shop would be really cool: three racks, tools, people can have conversations around their bikes,” Harmonie Park principal Don Capobres said during a recent Bisnow event in San Jose. “It's been an utter failure in the projects we've implemented it. No one is using them.”
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