Real Estate Market Info

Here are some headlines and real estate information I have been tracking through October.  The files above are supposed to symbolize the articles I have gone through this month to come up with these!

Link

Realex Properties completes acquisition of office portfoliorealexproperties.ca – Realex Properties has completed its previously announced acquisition of a portfolio of 6 office buildings located in Kitchener and Waterloo, Ontario, comprising approximately 932,000 sq. ft. of rentable area, approximately 2,000 parking stalls and 470,000 sq. ft of development entitlements. The development entitlements include lands held for development, an option to purchase a leasehold interest in an additional building as well as options to jointly develop certain lands.
Canada News Wire, Oct 01, 2008

Canadian pension funds eye European property spree – Equity-rich Canadian pension funds are leading a stampede of international investors looking to cash in on steep commercial property price declines across Europe, a report on Friday showed. Global property consultant DTZ said Canadian pension funds and property companies such as Cadillac Fairview and Brookfield Properties, were planning to increase their exposure to real estate by around $50-billion (U.S.), with much of this planned new investment destined for Europe.
Globe and Mail, Oct 03, 2008 Toronto Star, Oct 03, 2008 Guardian.co.uk, Oct 03, 2008

Massive project set for Sheppard/Don Mills – One of the world’s largest real estate developers will debut its first major project in Toronto with an ambitious condominium development in North York. This month, El Ad Group, the international real estate company owned by Israeli billionaire Yitzhak Tshuva, will open its 4,500-square-foot sales centre for Emerald City, a six-tower, master-planned community on Sheppard Avenue, across from the refurbished Fairview Mall and Don Mills subway station.
Globe and Mail, Oct 03, 2008

New public transit plan for GTA thin on funding details – Metrolinx, the provincial agency mandated by Queen’s Park to develop a regional transportation plan, formally presented a draft plan at its meeting on Sept. 26. Metrolinx is to be commended for delivering a plan that will result in significant transportation improvementsin the GTA and beyond. Although the transportation plan, branded as “The Big Move,” envisions a massive $50 billion expansion of the public transit system over 25 years, the plan contains an expenditure of only $11.5 billion.
Toronto Star, Oct 03, 2008

Massive tower moving ahead at Yonge-Bloor – The architect behind an 81-storey building at Yonge and Bloor vows the current economic slowdown won’t jeopardize the project. Architect Roy Varacalli said construction is expected to start in November and the project will take about 40 months to complete. The tower project took another step toward final approval from the city yesterday. It’s set to include condo and hotel units as well as retail and office space, and now heads to city council for a final decision at the end of the month.
Toronto Star, Oct 08, 2008

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One Response to “Real Estate Market Info”

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