Toronto Commercial Real Estate News – 2/2 October 2009

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Commercial Real Estate Toronto October 2009

Redbourne Realty signs Thales to new 190,000 sq ft lease in Toronto Redbourne Realty – Thales Rail Signalling Solutions Inc., a subsidiary of Thales Group worldwide, has signed a multi-million dollar, long-term lease with Redbourne Realty Advisors Fund for 190,000 square feet at 105 Moatfield Dr. in Toronto. After a year-long search, it was determined that TRSS’s needs could best be met by relocating within Toronto at 105 Moatfield Drive, an office tower situated in a park-like setting overlooking the Don Valley.

Canada News Wire Wed Oct 21 2009

Whiterock REIT back in the hunt for properties White Rock REIT – WRK.UN-T – When many real estate executives waited anxiously for the market to normalize, Jason Underwood was signing an $82-million deal for two Toronto office towers conveniently nestled between major highways. The chief executive officer of Whiterock REIT helped the company raise about $30-million this year in stock offerings, and decided to put some money to work before his competitors made the first move.

Globe and Mail Fri Oct 23 2009

Island airport’s success may mean waterfront parking lot - A dramatic jump in passenger traffic at the island airport has triggered interest among other airlines and fears the airport’s controlling agency wants to build a giant parking lot along the waterfront. The Toronto City Centre Airport airport handled 500,000 passengers last year, compared with only 25,000 annually before Porter Airlines came on the scene, and that number is expected to hit 750,000 this year.

Toronto Star Fri Oct 23 2009

REITs get ready to buy - It’s an interesting time to be a REIT – money has been easy to come by on the capital markets, and the value of the properties so coveted in the industry have been driven lower by a sharp recession. Analysts estimate more than a billion dollars have been raised by Canadian REITs in the last year, as they issued equity to shore up their balance sheets and prepare for future acquisitions.

Globe and Mail Mon Oct 26 2009

Innovation at Toronto city core – Ryerson University is an urban university with a sprawling campus that has forged alliances with other landlords to reduce blight, share facilities and jointly improve existing or new buildings. Its president, Sheldon Levy, sat down to discuss smart cities with National Post Editor-at-Large Diane Francis.

Financial Post Wed Oct 28 2009

Landlords and tenants become allies to save energy Toronto Alliance – The GTA’s biggest landlords and tenants got together last week to figure out ways to make the area’s office and retail space more energy efficient through building retrofits. The group included Brookfield, Cadillac Fairview, GWL Realty Advisors, Oxford Properties – a who’s who of building managers and owners – as well as influential tenants such as Rogers, Telus, Wal-Mart and Canada’s Big Five banks.

Toronto Star Fri Oct 16 2009 – National Post – Canada News Wire

Prefab, Portable Green Roof Installed In Toronto ESRI Canada – Green roofs keep buildings cool, control water runoff and can be really nice to look at. But what do you do in an existing building, when you are a tenant and not an owner? That is one of the many problems that Alex Miller, President, ESRI Canada, and landscape architect Scott Torrance had to face.

Tree Hugger Fri Oct 16 2009

Lots of cash, no properties - Brookfield Properties and its partners have an unexpected problem: They have $5-billion to spend on commercial real estate, but markets have recovered so strongly that they can’t find the juicy deals they hoped would lead to 20-per-cent returns. The stock market’s resurgence from March lows has allowed many of the world’s most challenged real estate companies to issue stock or sell bonds to solve financial issues.

Globe and Mail Fri Oct 30 2009

Canada fights to pull out of slump - Canada’s economy continued to stagnate in August, a grim reminder of the country’s struggle to pull out of an ugly recession. Gross domestic product fell 0.1 per cent in August, following a flat reading in July. That means the first two months of the third quarter, when the economy had been expected to grow, have fallen flat as Canada continues to struggle out of recession.