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Real Estate
Metrolinx delivers their plan to fund the Big Move (brace yourself…)
The Metrolinx Board of Directors has presented its report to the Province of Ontario and municipalities recommending an Investment Strategy to support over 400 km of new and enhanced transit, along with improvements to roads and…
New Sentiment Report reminds us: you can’t please everyone all of the time
Despite continuing strong market fundamentals for real estate, commercial real estate leaders' are more pessimistic about the future than they have been since 2009 due to rising concerns about the state of Canada's economy, according to the…
Obama Administration proposes pension exemption from FIRPTA to encourage investment in U.S.…
On March 29, the Obama Administration issued a press release outlining its plan to encourage private investment in infrastructure. As part of its 2014 Budget, foreign pension plans would be exempted from U.S. tax on gain from the…
A ‘Living Green Infrastructure Declaration’ initiative aims to support healthier, more…
An online Living Green Infrastructure Declaration has been created to encourage government and the private sector to plan and build greener, healthier, more beautiful communities. Living green infrastructure advocates, including Green Roofs…
Harbour Equity Capital raises joint venture real estate fund
Harbour Equity Capital Corp., a private equity company formed by Alan Winer, Paul Schachter and Ari Silverberg to provide equity capital to real estate developers, has announced the successful launch and first close of the $35-million…
CPPIB sees lots of opportunity in Tokyo real estate
Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate (GECRE) have joined forces to form the Tokyo Office Venture (TOV) targeting investment in mid-size Class A-B offices in key Central Business District sub-markets.CPPIB…
OAA awards gala unveils People’s Choice and Best of Show
The annual Ontario Association of Architects (OAA) Celebration of Excellence Awards last night showcased the best in architectural design and innovation by Ontario architects. 15 new buildings in Toronto, Montreal, Los Angeles, Tel-Aviv,…
WEB EXCLUSIVE: Taxes still a barrier to brownfield redevelopment
Brownfield sites have a way of scaring interested developers away, says Robert Cooper, president of Toronto-based Alterra Group, a real estate developer.Apart from the costs associated with assessing the site condition and contamination…
WPT Industrial REIT nets US$100 million from initial IPO
In an initial public offering of 10,000,000 units at a price of US$10.00 per unit, trading on the Toronto Stock Exchange under the symbol "WIR.U" and underwritten by a syndicate of underwriters co-led by CIBC and RBC Capital Markets, WPT…
First Capital not a fan of casinos
First Capital Realty sent a letter yesterday to the Mayor and members of the Executive Committee of the City of Toronto. In it, Dori J. Segal, president and Chief Executive Officer writes; "We strongly urge City Council to reject the…