Greater Toronto office market offers Q3 surprises: Avison YoungI've heard just under $700m from someone in the company.
Brookfield Properties is closer to the old Fairview Corp. That built the TD Cantre. Bronfman Family.No point in looking back to the 1960's/1970's version of the company. Different leaders and owners with different needs and visions. 16 York has little in common with the TD Centre.
I've heard through the grapevine that $730 million was the purchase price. No idea if accurate.
What a flip! Not one dime of the $30 million land transfer tax will likely have to be paid either.Greater Toronto office market offers Q3 surprises: Avison Young
The most notable deal of the quarter was Cadillac Fairview‘s purchase of the East Harbour site from First Gulf and its partners for a reported $690 million. The largely vacant 38-acre site is located three kilometres east of the downtown core, with capacity for more than 10 million square feet of commercial spaceThe amount of available sublet space increased in the Greater Toronto Area (GTA) office market and the downtown vacancy rate rose slightly during the third quarter of 2019, according to Avison Young. The increase in the amount of available subletrenx.ca
@maestroBrookfield Properties is closer to the old Fairview Corp. That built the TD Cantre. Bronfman Family.