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You understand that the first mortgage is held by Firm as well as the subordinated bridge correct? Really the debt is broken up into a couple of tranches but it's all through Firm. I haven't talked to them specifically about this piece of debt (though I know that they are comfortable with it and...

Old One: New One: You tell me. Does this look better? Higher quality? I would say that the process is the cheapening of the finishes and blunting of the architecture to lower costs. The Developer would be the one to blame.

God the new rendering has cheapened the project significantly. Looks terrible!

It's 76% leased now. They wouldn't turn down unsolicited interest but they aren't beating the bushes hard as far as I know. And I talk to the CFO on a fairly regular basis.

It will be all office. They are not going to even start significant preleasing efforts until BA East is past the head-lease lease-up point nothing will happen. Brookfield Canada Office Properties owns the building, its parent Brookfield Property Partners sold it to them on an "as if leased"...

Personally I love it because Regal Heights which has much much more in common with Hillcrest/Wychwood finally moves over. Having the cut-off line a block in from a major intersection (Alberta vs Oakwood) never made sense as it was but this is much more demographically homogeneous. Now I don't...

You also don`t have long term owners who are no longer involved with this area like you do in Corsa Italia. Absentee landlords and a Councillor stuck 40 years in the past...

I think change will bleed in from the East but major change will leapfrog Corsa with the Caledonia to Weston strip having the potential for more significant change. What happens to the Oakwood to Dufferin strip will be very interesting as well. And for the record I live in section 14 in the...

There were workers onsite the other day looking/testing the (I assume) ventilation on the site. If there was soil contamination (and it was a gas station so there was...) if they were going to remediate the site wouldn't it have been easier to remove all of the soil, dig down another 40-50 feet...

I wonder who's going to end up with this site now? With Nest across the street and the Main & Main development a block East on Alberta is there going to be enough demand for this in the near term?

So does this mean the rumours of Shoppers at 928 St. Clair (Little Miss Dress Up / Bar 918) is dead? They are gutting the building as we speak.

TORONTO, ONTARIO--(Marketwired - April 11, 2016) - Allied Properties REIT (TSX:AP.UN) and RioCan REIT (TSX:REI.UN) today announced plans to proceed with the development of 602-620 King Street West, Toronto. Shopify Inc. has signed a commitment to lease approximately 112,000 square feet of GLA...

Brookfield management has quietly discussed closing the street after they build the North building at some future point. Many of the renderings they have for the north building show a pedestrian only Temperance. They have gone so far as to begin negotiations with the owners of the other...

Hence the third-person pronoun "they" in that sentence. :p

From what I've heard it will be very similar to the cheesegrater that they just finished (Leadenhall in London). Dismissing the wonderful architecture and how London is so far and away better then our skyscrapers, the glass IS quite striking (both in pictures and in real life).

That and Adelaide is closed because of the dead guy at 150 Adelaide and the fire under 130 adelaide.... Busy morning...

I like the KPMB et.al. design the best as well. It speaks to the wave design further down Queen's Quay, provides actual shelter during summer thunderstorms and due to the design actually increases the amount of park space. While one of the above posters is right, the people going to the ferry...

You also don't control your condo board... The liquidity of a REIT allows you to exit faster if you want to than direct ownership. Selling when markets get bad crystallizes a low selling price in the same way for either a condo or a stock. It's all paper until you sell for cash. At the...

This is at best misleading and at worst false. RioCan (REI.un) is a retail REIT and the largest REIT in Canada. So by definition a conservative blue chip with low payouts and low growth. You have to look at Multi-Family REITs and REOCs to get a comp. They are (with current dividend and one year...