Tech Driving Demand In Toronto's Historically Tight Downtown Market
Toronto's burgeoning downtown tech industry continues to grow, creating new challenges for the commercial real estate market to keep up.
“I think downtown Toronto is a good place to be right now,” CBRE associate vice president Brian Porter said. “But it's a tight market. It's hard to find space right now. Everyone wants to be near Union Station."
The market is…
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Russian State-Run Bank Financed Deal To Help Trump Tower Project In Toronto
Russia's state-run bank financed a deal in 2010 to help the financially troubled Trump International Hotel and Tower project in Toronto.
The bank, called Vnesheconombank (VEB), has been identified by analysts as a funding source for projects politically important to the Russian government, the Wall Street Journal reported Wednesday.
President Donald Trump broke ground on the Toronto project with his joint venture partner, Russian-Canadian developer Alexander Shnaider, just prior to the financial crisis in 2007. In 2010, with the project suffering from financial troubles, Schnaider's company, Midland Resources Holding,…
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Toronto's Industrial Real Estate Market Stays Strong
Toronto's industrial real estate market remained on an upswing in the first quarter of 2017, according to the recently released Q1 2017 report by JLL Research.
According to the report, 2.5M SF of new supply was delivered to GTA's industrial real…
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Toronto's Top-Tier Malls Continue To Perform
Despite the growing struggles of some malls, Toronto's top-tier Yorkdale Shopping Centre and CF Toronto Eaton Centre continue to show impressive profits.
Productivity, measured in sales per square foot, averaged $1,651 at Yorkdale for the 12 months ending Aug. 31, ranking it No.…
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Innovative Designs On Display At Architect@Work
Personalized building exteriors, heated tile floors and office walls made of water and greenery are among the innovative designs and concepts being unveiled at this week's Architect@Work event.
The two-day event opened Wednesday at Toronto's Enercare Centre, marking its first foray into…
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Hoteliers Are Getting Creative In Preparation For Summer Travelers
Memorial Day, known as the gateway to summer, is fast approaching, and with it comes increased pressure on hoteliers to get their properties ready for summer travelers.
New York's LW Hospitality Advisors president and CEO Daniel Lesser said summer is the peak revenue season for many properties and a time when hoteliers do exterior improvements and spruce up their locations, including landscaping and recreational facilities.
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7 U.S. Seaports Driving Economic Growth And Industrial Demand
U.S. seaports, a nearly $5 trillion business, are major industrial real estate and economic drivers, spurring job growth in and around towns that host these harbors.
Though President Donald Trump's aggressive trade policies and the strong U.S. dollar could signal mild turbulence ahead for the industry, the country's strong economic growth should sustain healthy import volumes, Colliers International reports in its Industrial U.S. Seaport Outlook.
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