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As 2016 draws to a close, Bisnow asked CRE pros to peer into their crystal balls and tell us what we might expect from Toronto real estate in 2017. Here's what they told us. Office
Ongoing downtown migration and tech sector growth could put “significant upward pressure” on rental rates and continue fuelling the Class-B fringe market, said Cushman & Wakefield Canada's festively attired CEO Chuck Scott. The push to use workspace as an “enabler…
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Partners REIT Sells BC Strip Mall To Choice Properties REIT
Partners REIT has sold Washington Park retail centre in Courtenay, BC, to Choice Properties REIT for $12.8M. The strip mall includes two buildings (32k SF) and is shadow-anchored by a Real Canadian Superstore on a Choice-owned site; Choice also owns…
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AHIP REIT Acquires Ohio Embassy Suites Portfolio
American Hotel Income Properties REIT has acquired through subsidiaries a portfolio of three Embassy Suites by Hilton branded hotels (782 guest rooms total) near Columbus, Cleveland and Cincinnati, OH. The REIT paid US$124M for the hotels, including the expected cost…
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These Three Themes Will Continue To Impact The Construction Industry In 2017The construction industry continued to see robust activity within all property sectors nationwide as of Q3, despite a deceleration in industry growth. As companies continue to cut costs by shrinking office space and consolidating business units, uncertainties surrounding declining workloads persist. Coupled with the Fed's rate hike this month and lackluster economic growth, experts predict construction costs will continue to rise. |
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The Real Estate Behind The Richest Men And Women In The World Part 8: Michael BloombergThe founder of Bloomberg LP and a former NYC mayor, Michael Bloomberg is one of the richest people in the world with a net worth of $41.1B. Between using his fortune to fund his well-known political campaigns and his philanthropy, which largely focuses on environmental advocacy, Bloomberg found the time to scoop up some serious real estate. He owns at least 14 properties around the world, but we think five of them stand out from the rest. |
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