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Renting over owning is a debate the newly named development The Livmore has embraced as both a selling point and a rallying cry. “We use the slogan ‘Lease is More',” said Todd Nishimura, director of leasing and marketing of the property management company Vertica Resident Services. “The idea being that whatever you want to do in life, this allows you to do more of it.” 
At the corner of Gerrard and Bay, The Livmore will eventually rise to 43 storeys and feature 594 one-, two- and three-bedroom rental units and penthouses. Designed by architecture firm Page + Steele, the purpose-built rental project will include such…
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New Ontario Condo Rules Being Rolled Out
An updated Ontario Condo Act will begin rolling out this September to address the significant changes to the province's condo market. Changes to the original act — introduced nearly 20 years ago — will include regular, mandatory updates about the condo corporation…
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Iconic Sam The Record Man Sign Returning To Downtown
Toronto's iconic Sam The Record Man sign will return to the downtown skyline this fall. The sign — first erected in 1959 — is made up of two enormous spinning neon discs on a red background. The sign was a familiar sight near the…
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Pure Purchases Scarborough Property
Vancouver–based Pure Industrial Real Estate Trust has purchased a 150K SF warehouse in Scarborough for $16.1M. The warehouse at 75 Venture Drive is on 14.8 acres and is leased through January. The Trust financed the purchase with existing cash on hand. PIRET…
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The Rise Of The Prefabricated BuildingDevelopers, general contractors and subcontractors swap stories that sound too good to be true about prefabricated construction: a student housing project that cut its delivery time by a third or a hospital that installed hundreds of bathrooms in three days with only five laborers. Though the practice of off-site construction dates back thousands of years, the last real estate cycle has pushed prefabricated construction to prominence. |
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Hotel Performance Remains Strong In Q2 Despite Incoming SupplyThe U.S. hotel market has fared well the first half of the year, recording two consecutive quarters of strong fundamentals. A recent study by STR shows in Q2 2017, the occupancy rate at hotels nationwide was up 0.5% to 69.5% compared to the same time last year. "If you think about where we are in the cycle, occupancies are really high," STR Senior Vice President of Operations Bobby Bowers said. |
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