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Building
Blackstone buys Hilton for $26 billion
NEW YORK - The Blackstone Group of New York City has bought Hilton Hotels of Beverly Hills, California, for US$20 billion, which does not include the assumption of about $6 billion in debt. The deal pays US$47.50 per share, a 40 per cent…
Brookfield acquires 52 U.S. properties
TORONTO - Opportunistic Real Estate Investments Group of Toronto-based Brookfield Asset Management has acquired a 3.6 million square foot portfolio of commercial properties in the U.S. from affiliates of JPMorgan Chase of New York. The $300…
CDC largest LEED Platinum building in the country
CALGARY - The University of Calgary's Child Development Centre (CDC) has achieved the highest level of sustainability certification a building can reach in North America. The 125,000-sq.-ft. building, designed by Calgary-based Kasian…
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…
Design for an iconic Toronto portland building unveiled
TORONTO - Plans have been released for phase two of a film studio complex called Filmport being built in Toronto. The second phase consists of a 280,000 square foot office building designed by Will Alsop, the London-based architect…
Where the bungalows roam
"A house is a machine for living in," Le Corbusier once famously wrote, but it is also a significant cog in the machine of our nation's economy. Housing is big business, and as we all know, business is very good right now. Well, at least in…
22-storey office tower planned for GM Place
VANCOUVER - The northwest corner of General Motors Place, home of the Vancouver Canucks, will soon be the site of a new 22-storey landmark commercial tower designed by Vancouver-based Busby Perkins + Will that will feature the latest in…
Revitalizing a downtown
KITCHENER, Ontario - Toronto-based Quadrangle Architects and developer Andrin Building Group of Brantford, Ont. are redeveloping a downtown block in Kitchener. The $90-million mixed-use development, named Centre Block, is intended to…