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Building

HOK/ZAS to design Honda’s headquarters

MARKHAM, Ontario - The Canadian office of HOK Architects and Toronto-based architectural firm ZAS have partnered to design Honda Canada's new head office campus in Markham. The HOK/ZAS team will be headed by principals Gordon Stratford and…

CN sells headquarters, buys a U.S. railway

MONTREAL - Homburg Invest of Halifax, Nova Scotia is acquiring the Central Station Complex (CSC) in Montreal from Montreal-based rail conglomerate Canadian National (CN) for $355 million. The transaction, which will include a government…

Buffalo on the Wright track

While some communities struggle to save one or two landmark buildings, the city of Buffalo has summoned the will and the resources to preserve and restore an architectural heritage that has at its heart some of the most important names in…

$350 million development reshaping Markham

MARKHAM, Ontario - Bayview Development Summit of Thornhill, Ontario has announced a $350-million redevelopment of the Thornhill shopping centre near Markham. The 18- acre redevelopment, called Markhamgate Summit, will be a mixed-use retail,…

Modern Programs in Historic Spaces

The residential liberal arts colleges of the U.S., while not wholly invisible, do not figure highly in media commentary compared to that country's major public research and private universities. Typically a handful of higher educational…

Federal government unloads nine buildings

OTTAWA - Nine federal buildings have been sold to Vancouver-based Larco Investments for $1.64 billion and will be leased back for 25 years. The deal is part of a broader plan by the federal government to sell more than three dozen office…

CPP acquires UK shopping mall

TORONTO - Henderson Global Investors (HGI), based in London, England and the Canada Pension Plan Investment Board, announced a joint agreement to acquire the Whitefriars Quarter shopping centre in Canterbury, Kent, England for $253 million.…

Canuck Mortgages 101

Recent transactions involving U.S. lenders advancing on the security of Canadian real estate have reminded this author that, even in this era of unprecedented cultural assimilation with the United States, there remain some very fundamental…

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…
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