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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…

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…

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…

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…
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