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Building

IPC REIT finds a buyer

TORONTO - Behringer Harvard REIT of Dallas, Texas, is proposing to buy Toronto-based IPC US REIT (IPC) for US$1.4-billion or US$9.75 per unit. IPC, who have been looking for a buyer since January, is the only Canadian REIT investing…

More than Bricks and Mortar

In his critically-acclaimed 2003 The Devil in the White City, a fictionalized account of the creation of the 1893 World's Columbian Exposition held in Chicago, Erik Larson weaves American social and political history into a story about some…

Ontario to clean-up contaminated harbour

HAMILTON - The Ontario government has committed $30 million to clean up the highly contaminated Randle Reef in Hamilton Harbour. The reef is an ongoing source of contamination to the entire harbour as a result of high concentrations of coal…

Building with Intensity

This month, two years after the project was initially conceived, construction will begin on the San Francisco by the Bay development, one of the first high-density projects in the 905 area and one directly complementing the City of…

No longer the tallest

TORONTO -- According to its developers, Dubai-based Emaar Properties, the Burj Dubai, currently under constructed in Dubai, is now officially the world's tallest building, surpassing the height of the CN Tower in Toronto, which for 31 years…

Housing’s New Frontier

Considering how important our houses are to us, and how emotionally connected we are to them, we sometimes easily forget what an enormous impact they have on the environment. For example, according to a 2006 report from Natural Resources…

Vancouver real estate globally overpriced

VANCOUVER - According to Forbes magazine, real estate in the Greater Vancouver Area is the sixth most overpriced real estate market in the world.Using information gathered by GlobalPropertyGuide.com, an international real estate research…

In(dense)city

The Hong Kong handover in 1997 produced waves so high, Asian towers were uprooted, swept across the ocean, and landed on Canada's western shores, taking root before Vancouver realized the magnitude of this financial coming of age. As of…

LEED comes to Quebec City

QUEBEC CITY - A subsidiary of La Capitale Financial Group of Quebec has begun construction of Quebec City's first LEED-certified office building. The $41-million building, named the Delta 3, will have 170,000 square feet of leasable space…

Best of Both Worlds

Imagine you could sell a building and still own it. It sounds impossible, but smart developers recognize the value of flexibility and choice when managing their assets. There is at least one situation in which builders can sell part of an…
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