Suburban Toronto offices attract new-economy tenants

Suburban Toronto offices attract new-economy tenants

The suburban Toronto office market has had its ups and downs over the past 15 years and, while it can’t match the robust activity downtown, there’s still much to be said for it. Panelists at The Real Estate Strategy & Leasing Conference feel low vacancies and high rents downtown could draw more people to the suburbs.

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Homebuyers’ demands clash with urban policy: Fortress report

A new report says the Ontario government directs growth to locations and built forms that don’t align with market demand, resulting in skewed housing values. “The growth targets may be beneficial from a financial, political and environmental perspective, but they have severe supply implications and major repercussions on housing values,” says The Market Manuscript authored by Ben Myers of Fortress Real Developments.

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JVs, mixed-use developments help REITs mitigate risk

“Partnerships” and “mixed-use” have become mainstays in the vocabularies of REIT executives as they increasingly turn to development to maximize returns for shareholders. They were also central themes of a panel discussing risk mitigation at the Real REIT conference at the Toronto Conference Centre on Sept. 7.

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Summit buys another Toronto-area industrial property

Summit Industrial Income REIT continued to snap up Toronto-area industrial properties with the announcement of a 255,000 square foot acquisition near the Toronto airport. The 22-foot clear, light industrial property is in the Etobicoke industrial sub-market and is 83 per cent leased to two tenants.

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Should Ontario Municipal Board be overhauled?

In Toronto, people regularly complain that they can’t find an affordable place to buy or rent, but they also complain that the City is overrun by condominiums and that developers have run amok, filling the skyline with glass towers. Have they ever considered what affordability would be like if the real estate industry hadn’t delivered that many new housing units, or where would pricing be without these ubiquitous glass boxes?

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Six months ago: Cushman & Wakefield acquires Ashlar Urban Realty

Cushman & Wakefield has acquired Toronto commercial real estate firm Ashlar Urban Realty, which represents more than 150 urban assets, for an undisclosed price. Ashlar was founded in 1999. It has specialized in investment sales, office, retail and land development and is cited as a pioneer in recognizing the potential of downtown Toronto’s east and west corridors.

Property Biz Canada

One year ago: Are REITs getting into riskier developments?

As REITs have shifted focus over recent years from primarily acquirers of real estate to developers and cap rates have supported the transition, those same REITs are now adding more and more development risk. How they are coping with this shift was the focus of a panel at last week’s RealREIT conference in Toronto?

Property Biz Canada

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