Commercial Real Estate Spotlight - February 16, 2018
This week's spotlight picks:
TORONTO AMERICA MARKETBEAT OFFICE Q4 2017
Cushman & Wakefield
(10 min+)
2017 was a phenomenal year for the downtown office market; marked by relentless demand and low supply.
WESTON FAMILY'S CHOICE PROPERTIES BUYING CANADIAN REIT FOR $3.9-BILLION
Globe & Mail
(3 min)
The Weston family plans to acquire Canadian Real Estate Investment Trust and its suite of 206 industrial, office and retail properties across Canada. The combined entity will boast 752 properties.
CITY COUNCIL DEFERS CANCELLING TAX BREAKS FOR DOWNTOWN OFFICE TOWER DEVELOPMENTS
Bisnow
(1 min+)
The proposal called for changes to the city’s Imagination, Manufacturing, Innovation and Technology property tax incentive program.
HOW TO HELP YOUR OFFICE CLIENTS ADAPT IN A TIGHT OFFICE MARKET
Colliers
(4 min+)
Converting such a sublease may be easier than you think. Corporate America doesn’t want the hassle of a sublease, so a major corporate landlord will often be interested in changing the relationship into a direct deal with a longer lease term.
TORONTO COUNCIL APPROVES 50% TAX BREAK FOR CREATIVE HUBS
Bisnow
(4 min+)
Eligible buildings would be required to have 51% of tenants judged to be creative enterprises, charge tenants below-market rent and have a minimum rentable space of 10K SF, among other requirements
IN CASE YOU MISSED IT, HERE IS THE MOST VIEWED ARTICLE FROM LAST WEEK:
COMMERCE COURT 3 MAKES APPEARANCE AT DESIGN REVIEW PANEL
Urban Toronto
(4 mins+)
The redevelopment would replace the two smaller buildings of 5 and 13-storeys in the four-building complex, while redesigning the connections between the existing buildings and renovating the underground PATH level.
GET IN TOUCH.
James Butchard*
Vice President
Advisory & Transaction Services
416-815-2361
james.butchard@cbre.com
*Sales Representative
CBRE Limited, Brokerage