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Building

CHIP REIT acquired for $1.2 billion

VANCOUVER - British Columbia Investment Management Corporation (bcIMC) from Victoria, B.C., has acquired Vancouver-based Canadian Hotel Income Properties REIT (CHIP REIT) for $1.2 billion, paying $19.10 per unit. The purchase represents a…

Piecrust Solution

Of all the challenges of acquiring contaminated sites, the risk of unlimited liability is the most difficult to manage. In Canada, innocent purchasers of contaminated sites may have almost as much liability as the polluter itself. Ontario,…

Surrey Central City sold for $245 million

SURREY, British Columbia - Blackwood Partners of Toronto has acquired the Central City development in Surrey, BC, from the Insurance Corporation of BC (ICBC) on behalf of a consortium of Canadian pension funds for $245.75 million.Designed…

Form making

Designing the Royal Ontario Museum's Michael Lee-Chin Crystal was a daunting task for many, many reasons. But two of the biggest were the tight budget (a reality known to most builders) and, surprisingly, something that is standard in most…

Breaking new ground

Judges for this third annual Outside the Box competition agreed that their role was to select architecture that makes a statement. A building that looks good and adequately serves its purpose also has to extend the boundaries of design. And…

A Green Globes primer

I read with interest Brant Olson's article titled "Beware of free margaritas," (Building, February/March 2007) discussing green building certification systems available in the U.S. Based on comments made in that article, I would like to…
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