Xceligent Files Antitrust Suit Against CoStar, Alleges Years Of Anticompetitive Behavior
Commercial property data firm Xceligent filed an antitrust countersuit against The CoStar Group Wednesday, alleging the $9B, Washington, D.C.-based data giant has created a monopoly and engaged in years of anticompetitive behavior. Xceligent filed the 139-page counterclaim in U.S. District Court for the Western District of Missouri after months of silence following an intellectual property theft lawsuit from CoStar. Xceligent accuses CoStar of employing internet blocks and data alteration practices to prevent its users from sharing their property information with its competitors.
Xceligent also accuses CoStar of violating restrictions the Federal Trade Commission placed on the company in 2012 to keep it from becoming a monopoly.
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Groundbreaking For Skyline-Defining Downtown Toronto Development
CIBC Square, a large-scale downtown office and retail tower development, will define our skyline for generations, according to Toronto Mayor John Tory.
“It's going to create jobs. It's going to create buildings of excellence. It's going to create a modern connected headquarters for CIBC,” Tory said at the recent groundbreaking for CIBC Square on Bay Street.
CIBC Square, formerly known as Bay Park Centre, was rechristened in recognition of anchor tenant CIBC, Canada's fifth-largest bank, which will eventually move its main offices and 15,000 of its employees to the square. As part of the lease, CIBC secured…
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Toronto Ranks 11th Among World's Most Rent-Friendly Cities
Toronto is the 11th most affordable rental city out of the world's top 30 cities to live in, according to a new report from RENTCafe, a nationwide apartment search website.
The blog used a PwC report identifying the top 30 cities in…
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This Hotelier Will Pay Trump Organization Millions To Part With The President's Brand
JCF Capital, a hotel company that owns Trump International Hotel & Tower in Toronto, will pay President Donald Trump's company millions to remove his branding from its property.
To break its contract with The Trump Organization's hotel unit, JCF Capital will fork over at least $6M in a buyout deal, Bloomberg reports. The hotelier bought the 65-story hotel in Toronto's downtown business district last year from Talon International.…
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TTC Named Best North American Transit System
The Toronto Transit Commission has been named the outstanding public transit system of the year by the American Public Transportation Association.
The APTA, a Washington, D.C.-based industry organization, said the award was in recognition of the TTC's successful implementation of a five-year modernization program. That program “demonstrates that it is a leader in the public transportation industry and a role model for other public transit systems,” APTA President and CEO Richard White said in a press release.
The TTC last won the award in 1986. The commission will be officially recognized at APTA's annual conference later this fall. |
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Three Toronto Buildings Piloting First-Of-Its-Kind Zero Carbon Building Standard
Three Toronto developments have been selected to participate in a pilot project of Canada Green Building Council's new Zero Carbon Building Standard.
The 16 buildings selected from across Canada — existing and new construction — will include the Toronto's 1950s era, 10-storey…
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Texas And Canada Sweep The 2017 TOBY Awards
Texas and Canada won big at Tuesday night's 2017 BOMA International's The Outstanding Building of the Year (TOBY) Awards at Nashville's Music City Center. Eighty-six nominees competed for 15 of the top honors for commercial buildings and their operators, and the Lone Star State and America's northern neighbor claimed four awards each.
The eagerly awaited 1M+ SF International TOBY Award went to the Toronto-Dominion Centre in Toronto. The property is managed by Cadillac Fairview Corp. and owned by both Cadillac Fairview and OPB (TDC) Inc. The six-tower development is Canada's largest office…
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Avanath Capital Management CEO Daryl Carter Sets The Record Straight On Affordable Housing
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Internet Infrastructure: 4 Data Centers That Would Make Great Tours
Data center owners are getting creative in their move to build more energy-efficient facilities that meet users' needs. This push for efficiency has led to some innovative designs over the years. From facilities that sit atop bodies of water to centers tucked away in the mountains, these data centers were not just built for storage — they were designed to be seen.
View slideshow here. |
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