Commercial Real Estate News – Toronto 1/2 July 2010

OfficeSearchToronto.com

CB Richard Ellis Group, Earns Frost & Sullivan’s Global Excellence – CBRE

CB Richard Ellis Group announced that it is the first recipient of Frost & Sullivan`s Global Excellence in Outsourcing Award in the commercial real estate services sector. In selecting CB Richard Ellis as the world’s premier commercial real estate services outsourcing firm, Frost & Sullivan conducted an exhaustive and independent assessment of the CRE services industry globally.

Reuters Mon Jun 28 2010

Real estate giant eyes funds management: Cushman & Wakefield

One of the world’s biggest real estate agents plans a push into funds management to compete with listed rivals like CB Richard Ellis. NEW Cushman & Wakefield president and chief executive Glenn Rufrano started in the top role at New York-headquartered C&W in March after two years in Australia resuscitating struggling shopping centre owner Centro.

The Australian Sun Jun 27 2010

Whiterock REIT Completes Agreement To Manage Commercial Properties – Whiterock REIT – WRK.UN-T

Whiterock REIT a growth oriented REIT with a significant presence in major markets and a high quality long-term leased revenue stream, announced today that it has completed an agreement to manage eight commercial properties totaling approximately 600,000 square feet in the Greater Toronto Area. Management of these multi-tenant office buildings is set to begin July 1st, 2010.

Canada News Wire Mon Jun 28 2010

Building Toronto city hall green roof posed host of challenges

Construction crews building a living roof atop the second-storey podium at Nathan Phillips Square could be forgiven for thinking they were working inside a library. The $2.3 million living roof will stand as one of the city’s quietest projects. The real thing opened late last month and ranks as the largest living roof in Toronto.

Daily Commercial News Fri Jun 25 2010

Canadian new building permits plunge in May – Statistics Canada

Canada’s new building permits fell five times more than forecast in May, adding to evidence the country’s housing market is cooling. The number of new building permits issued by Canadian municipalities dropped 10.8% from the previous month to a total value of $6 billion, Statistics Canada said. That compares with economists’ forecasts for a decline of about 2%.

Toronto Sun Tue Jul 06 2010

Thinking of investing in commercial real estate?

Early in my career, I owned a small marketing services business. Beyond a few computers and desks, we didn’t have any assets to speak of. I feared I wasn’t building any equity in my business but, rather, just peddling hours. I decided I would look into buying a piece of commercial property to operate from as a hedge in case my business turned out to be worthless.

Globe and Mail Wed Jul 07 2010

OMERS and Caisse in property swap

A decade long marriage between Ivanhoe Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, and Oxford Properties Group, a division of Ontario Municipal Employees Retirement System, has ended in an amiable divorce. The pension funds, which jointly owned six different shopping malls across Canada, have engaged in “a complicated monopoly game,” that involves a “$1-billion swap” of properties.

Financial Post Fri Jul 09 2010

REITs: Picking the winners

For income-minded investors, real estate investment trusts have long been a staple of the portfolio. REITs are a way for investors to participate in real estate without actually owning any real estate. That’s because the trusts own and manage the buildings, and its investors own units that can be traded in the market, providing the liquidity that you can’t get as a landlord.

CTV Fri Jul 09 2010

Ghostly Toronto structure could get new lease on life

It’s loomed for years overlooking Spadina Avenue like a ghostly, gabled reminder of Toronto’s Victorian past. But the 135-year-old Gothic Revival structure at 1 Spadina Cres. – just north of College Street – could soon undergo an ambitious renovation and expansion, according to a plan actively being considered by the University of Toronto and the John H. Daniels faculty of architecture and landscape design.

Globe and Mail Mon Jul 12 2010

Yahoo Pairs with Zillow on Real Estate Listings

In a bid to beef up its home-buying features and lure local advertisers, Yahoo! is adding home listings from Zillow, an online real estate service that lets users research the value of homes. Pairing with Zillow.com boosts Yahoo’s home listings to about 4 million from 3 million and gives the company a bigger slice of the ad market for smaller-sized businesses.

Business Week Mon Jul 12 2010 – Wall St. Journal

Q&A Is Commercial Real Estate Bouncing Back?

Commercial real estate is showing signs of a market bottom, says Mike Kirby, chairman of Green Street Advisors, a Real Estate Investment Trust (REIT) research firm. Kirby tells TIME which parts of the market are turning up and who’s doing the buying. You’ve said commercial property values are up 20% from the lows. Other reports say we’re still down 40%.

Time Wed Jul 14 2010

Construction on island tunnel to start in 2011

The Toronto Port Authority says it will break ground in early 2011 on a $45-million pedestrian tunnel, linking the Western Gap ferry docks at the foot of Bathurst Street to the Billy Bishop Toronto City Centre Airport. Mr. Wilson cited increasing traffic to the airport as the impetus for the tunnel’s construction. Last year, approximately 770,000 people used the airport, compared with 25,000 users just five years ago.

National Post Wed Jul 14 2010

TTC must capitalize on its real estate

If the Toronto City Summit Alliance’s recent roundtable on funding the future of transit is any indication, Toronto is doomed to transit stagnation. Promoted as a ‘bold’ search for solutions, attendees discussed the merits of road tolls, congestion charges, commercial parking levies or increased property taxes — far removed from anything truly bold.

National Post Fri Jul 16 2010

Complete makeover for Ontario Place

Ontario Place, a fading Toronto icon, will soon be torn down and replaced by a newer version to restore the park to its former glory. The provincial Crown corporation has put out a formal request for ideas to completely redevelop its 39-hectare (96-acre) space along Lake Ontario, which will probably result in the removal of features, such as the once groundbreaking Cinesphere.

Toronto Star Fri Jul 16 2010

Canada Pension Plan offers $3.2 billion for partial ownership of toll Hwy. 407

Ontario’s busy Highway 407 Express Toll Route could soon have another Canadian owner after one of the country’s largest pension funds bid on the Australian firm that owns a 30 per cent stake in the highway. The Canada Pension Plan Investment Board has made a non-binding $3.2-billion proposal to acquire Australia’s Intoll Group.

Toronto Star Fri Jul 16 2010

Colliers Midtown Commercial Real Estate Submarket Updates – Q1 2010

Yonge and Bloor
Yonge bloor submarket dashboard q1 2010

Yonge and Eglinton

Yonge and St Clair

Midtown Toronto Commercial Real Estate for Lease – July 2010

For floor plans or a survey of available office space in Toronto provide your contact info here and I will be in touch with a custom survey of office space tailored to your needs. It can’t get any easier that that!

Address	Available Space (sf)	Asking Gross Rental Rate (psf)	Asking Monthly Rate
1 St Clair Avenue W	3,339	$32.50	$9,043.13
1075 Bay Street	4,560	$35.80	$13,604.00
1240 Bay Street	5,549	$28.20	$13,040.15
1300 Yonge Street	3,885	$29.43	$9,527.96
160 Eglinton Avenue E	7,486	$29.00	$18,091.17
2 Bloor Street E	5,274	$39.72	$17,456.94
2 St Clair Avenue E	7,846	$39.16	$25,604.11
20 Eglinton Avenue W	5,000	$36.95	$15,395.83
21 St Clair Avenue E	7,122	$32.43	$19,247.21
21 St Clair Avenue E	4,908	$32.43	$13,263.87
22 St Clair Avenue E	3,959	$42.50	$14,021.46
2200 Yonge Street	5,623	$36.99	$17,332.90
2300 Yonge Street	8,745	$36.95	$26,927.31
2323 Yonge Street	6,412	$32.08	$17,141.41
3080 Yonge Street	8,580	$34.13	$24,402.95
365 Bloor Street E	5,410	$30.33	$13,673.78
365 Bloor Street E	3,803	$30.33	$9,612.08
365 Bloor Street E	4,104	$31.33	$10,714.86
40 Eglinton Avenue E	3,434	$31.98	$9,151.61
55 Eglinton Avenue E	3,918	$24.81	$8,100.47
60 St Clair Avenue E	4,540	$26.30	$9,950.17
77 Bloor Street W	5,515	$40.82	$18,760.19
77 Bloor Street W	3,656	$40.82	$12,436.49
90 Eglinton Avenue E	3,494	$35.60	$10,365.53

Financial Core Toronto Office Space – July 2010

For commercial real estate advice or a custom survey of available office space call 416-992-9869 or contact us here!

Address	Available Space (sf)	Asking Gross Rental Rate (psf)	Asking Monthly Rate
11 Adelaide Street W	6,572	$52.13	$28,549.86
111 Richmond Street W	9,422	$39.41	$30,943.42
120 Adelaide Street W	3,099	$54.45	$14,061.71
121 King Street W	3,340	$53.01	$14,754.45
121 King Street W	8,101	$53.01	$35,786.17
121 Richmond Street W	3,072	$31.50	$8,064.00
130 Adelaide Street W	3,634	$54.96	$16,643.72
130 King Street W	5,866	$59.05	$28,865.61
130 King Street W	3,354	$59.05	$16,504.48
144 Front Street W	3,826	$32.97	$10,511.94
144 Front Street W	5,266	$34.97	$15,346.00
145 King Street W	3,468	$56.24	$16,253.36
150 King Street W	3,600	$55.01	$16,503.00
150 King Street W	5,777	$55.51	$26,723.44
150 York Street	5,839	$51.60	$25,107.70
154 University Avenue	7,689	$47.10	$30,179.33
155 Wellington Street W	6,260	$54.22	$28,284.77
161 Bay Street	3,785	$77.43	$24,422.71
170 University Avenue	8,376	$39.18	$27,347.64
181 University Avenue	7,925	$52.45	$34,638.85
20 Queen Street W	3,449	$49.21	$14,143.77
200 Bay Street, Royal Bank Plaza North Tower	3,610	$56.37	$16,957.98
200 Bay Street, Royal Bank Plaza South Tower	3,602	$56.37	$16,920.40
200 King Street W	3,111	$53.93	$13,981.35
25 King Street W	3,851	$58.09	$18,642.05
330 Bay Street	3,282	$39.40	$10,775.90
333 Bay Street	8,270	$59.93	$41,301.76
36 Toronto Street	4,043	$39.90	$13,442.98
36 Toronto Street	8,516	$39.90	$28,315.70
365 Bay Street	3,050	$38.84	$9,871.83
372 Bay Street	5,010	$37.38	$15,606.15
40 King Street W	6,368	$67.13	$35,623.65
401 Bay Street	8,718	$43.48	$31,588.22
401 Bay Street	5,043	$43.48	$18,272.47
55 York Street	3,268	$37.39	$10,182.54
67 Yonge Street	3,950	$35.38	$11,645.92
69 Yonge Street	5,440	$29.04	$13,164.80
69 Yonge Street	3,971	$35.04	$11,595.32
70 York Street	3,773	$51.85	$16,302.50
8 King Street E	5,682	$38.97	$18,452.30
95 Wellington Street W	3,505	$58.30	$17,028.46

Downtown East Office Space for Lease – July 2010

View more documents from Chris Fyvie.

We provide free custom surveys of available office space including a price list and floor plans. Simply reach out to us here!

Colliers Toronto Office Market Statistics – Q2 2010

Key findings of our most recent GTA Office Market Statistics are:

· GTA’s office vacancy remains fairly steady at 12.3 M SF or 6.6 percent of the current inventory, up less than 600,000 SF compared to the end of Q2 2009.

· The same holds true for GTA’s availability totaling 19.8 M SF or 10.6 % of the inventory at the end of Q2 2010. Compared to Q2 2009, sublease availability has decreased by 850,000 SF, now amounting to 3.4 M SF or 17 percent of the available space.

· Asking Net Rent averages out to $16.25 per SF, which is down nine percent from the value observed at the end of Q2 2009. The highest average asking net rent is continuously quoted in the Downtown market.

· Occupied space sums up to approximately 167 M SF or 90 percent of the current inventory. While occupied space is below Q2 2009 levels by approximately 400,000 SF, it is up nearly 500,000 SF compared to Q1 2010.

Capitol Buildings – Downtown West Toronto Listings

Here are some available space through Capitol Buildings. One of the larger / better landlords in the brick and beam office market Downtown West Toronto.

Suite	Area (sf)	Asking	Comments
100	5,500	$29.00	Large windows, concrete columns. Very bright space.
309	2,300	$29.00	Large windows, hardwood floors, concrete columns, kitchen.
520	2,462	$29.00	Large windows, hardwood floors, concrete columns, kitchen.
1002	3,568	$29.00	Top floor of 10 story loft building. Wooden floors, large windows.
366 Adelaide Street West
Suite	Area (sf)	Asking	Comments
LL01	4,389	$25.00	Classic brick and beam building. Concrete Floors.
100	9,100	$29.00	Classic brick and beam building. High end retrofit, huge windows.
101	3,400	$29.00	Classic brick and beam building. High end retrofit, huge windows.
700	4,586	$29.00	Classic brick and beam building. High end retrofit, huge windows.
85 Scarsdale Road
Suite	Area (sf)	Asking	Comments
309	7,808	$22.00	Offices in excellent condition. Will divide.
60 Spadina Avenue
Suite	Area (sf)	Asking	Comments
200	3,636	$29.00	2nd Floor – fully renovated duplex, can be combined with 2,736 sq ft. 3rd floor which includes a roof top patio. Unique Opportunity

Cool Office Space for Lease – GTA – July 2010

For floor plans or a survey of available office space in Toronto provide your contact info here and I will be in touch with a custom survey of office space tailored to your needs. It can’t get any easier that that!

Toronto Real Estate News – June 2010

Downsview plan set for North York council vote

In 1994, the federal government announced its future as a massive national park. Next week, the Downsview plan goes before North York community council when councillors vote on the latest iteration of the city’s proposals for the area, which make provision not only for 100 hectares of parkland and thousands of units of mixed-use residential development intended to pay for it.

Globe and Mail Wed Jun 16 2010

Commercial Firms Fight Back in a Post-Boom World

After taking a battering in the severest recession in modern memory, commercial real estate brokerage firms are trying different strategies to compete in a post-boom world. One of the biggest question marks is the future of Cushman & Wakefield, the world’s third-largest commercial real estate brokerage, according to National Real Estate Investor magazine. After losing $127 million in 2009 Cushman & Wakefield …

New York Times Wed Jun 16 2010

Toronto Eaton Centre unveils details of $120M facelift

A better food court featuring real china plates. A dramatic new lighting sculpture suspended from the iconic glass ceiling. And a lighter brighter more airy feel throughout the mall. These are the main elements of a $120 million facelift for the 33-year-old Toronto Eaton Centre,which attracts 52 million visitors a year.

Toronto Star Fri Jun 18 2010 – National Post

http://www.thestar.com/news/gta/article/824260–name-chosen-for-new-waterfront-park

Commercial real estate markets better than expected – Cushman & Wakefield

Canada’s major office and industrial real estate markets stood up better than expected during the global recession and continue to recover faster than many markets in the United States and Europe, according to Cushman & Wakefield’s 2010 Mid-Year Outlook released today. The comprehensive report covering 12 major markets across Canada found growth in demand was generally much stronger than expected.

Cushman & Wakefield 2010 Mid-Year Outlook Mon Jun 21 2010

Whiterock REIT closes the Toronto office building purchase – WRK.UN-T

Whiterock REIT has completed its previously-announced agreement to purchase Airway Centre 1 and to long-term lease Airway Centre 2-4. These office properties are located at 5915-5955 Airport Road, Mississauga. They are primary market assets consisting of four office towers located adjacent to Toronto Pearson International Airport, have excellent access to the major 400 series highways; and are within minutes of downtown Toronto.

Canada News Wire Mon Jun 21 2010

Office vacancy rates hold steady – CB Richard Ellis

Vacancy rates held steady in Canada’s office buildings and industrial properties through the last quarter, though they are sharply higher than this time last year as new buildings added millions of square feet of space in Toronto and Calgary. CB Richard Ellis said the overall vacancy rate for downtown and suburban markets was 10.1 per cent in both the first and second quarters of the year.

Globe and Mail Mon Jun 21 2010

The end of the office? Not so fast

Clive Thompson had a story recently in The Globe and Mail’s Your Business magazine about the end of the office, and how it is being driven by “technological and cultural shifts as the Web-literate Generations X and Y become the driving force behind entrepreneurship.” There is little doubt that “the office” as we know it is changing as more people work from home as opposed to dwelling in a cubicle.

Globe and Mail Fri Jun 25 2010

Air Canada, Continental win Toronto Island airport slots

Porter Airlines Inc. will lose its Toronto Island airport monopoly by the end of 2010 under a proposal that awards new takeoff and landing slots to Air Canada and Continental Airlines Corp. Since starting operations in October, 2006, Porter has enjoyed the monopoly on commercial flights at Billy Bishop Toronto City Airport, located on an island off downtown Toronto.

Globe and Mail Thu Jun 24 2010

Office Space for Lease Toronto – Financial Core – July 2010

For commercial real estate advice or a custom survey of available office space call 416-992-9869 or contact us here!

Address	Available Space (sf)	Asking Gross Rental Rate (psf)	Asking Monthly Rate
110 Spadina Avenue	8,145	$30.25	$20,532.19
110 Spadina Avenue	4,787	$30.25	$12,067.23
111 Peter Street	4,019	$30.33	$10,158.02
111 Peter Street	6,260	$30.33	$15,822.15
1137 King Street W	4,088	$36.94	$12,584.23
116 Spadina Avenue	4,475	$27.40	$10,217.92
119 Spadina Avenue	4,405	$32.60	$11,966.92
119 Spadina Avenue	5,198	$32.60	$14,121.23
129 Spadina Avenue	9,344	$30.00	$23,360.00
129 Spadina Avenue	6,070	$30.00	$15,175.00
130 Spadina Avenue	4,085	$28.25	$9,616.77
140 Spadina Avenue	4,713	$26.25	$10,309.69
171 East Liberty Street	3,225	$29.10	$7,820.63
171 John Street	7,366	$34.00	$20,870.33
171 John Street	3,297	$34.00	$9,341.50
179 John Street	5,410	$33.18	$14,958.65
2 Pardee Avenue	3,067	$27.00	$6,900.75
214 King Street W	3,263	$33.72	$9,169.03
219 Dufferin Street	3,558	$27.74	$8,224.91
219 Dufferin Street	4,420	$27.74	$10,217.57
257 Adelaide Street W	6,761	$31.94	$17,995.53
30-34 Duncan Street	4,500	$29.50	$11,062.50
317 Adelaide Street W	6,000	$29.00	$14,500.00
345 Adelaide Street W	9,000	$30.00	$22,500.00
345 Adelaide Street W	6,000	$30.00	$15,000.00
345 Adelaide Street W	6,000	$25.00	$12,500.00
345 Adelaide Street W	3,000	$25.00	$6,250.00
366 Adelaide Street W	3,400	$29.00	$8,216.67
366 Adelaide Street W	9,100	$29.00	$21,991.67
366 Adelaide Street W	4,389	$25.00	$9,143.75
379 Adelaide Street W	7,394	$29.69	$18,293.99
379 Queen Street W	4,660	$32.50	$12,620.83
410 Adelaide Street W	6,580	$26.50	$14,530.83
445 King Street W	5,664	$32.94	$15,547.68
46 Spadina Avenue	7,000	$27.00	$15,750.00
46 Spadina Avenue	5,000	$27.00	$11,250.00
460 Richmond Street W	3,723	$31.50	$9,772.88
461 King Street W	8,000	$34.50	$23,000.00
49 Fraser Avenue	3,834	$26.50	$8,466.75
555 Richmond Street W	3,400	$26.85	$7,607.50
555 Richmond Street W	4,700	$25.85	$10,124.58
555 Richmond Street W	7,175	$25.85	$15,456.15
579 Richmond Street W	5,811	$36.55	$17,699.34
82 Peter Street	7,888	$29.84	$19,614.83
96 Spadina Avenue	4,599	$30.36	$11,635.47
99 Atlantic Avenue	3,225	$27.42	$7,369.13
99 Atlantic Avenue	6,600	$27.42	$15,081.00

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