Sundae, which is a residential real estate marketplace that connects distressed sellers and/or dated properties with potential investors, has just raised $80 million in Series C funding. Since its founding in 2018, the company has raised a total of $135 million. The marketplace is largely… Read More
One of the biggest challenges with living through this pandemic has been finding a good public toilet. Drinking in the park is all fine and dandy, but at some point you’re going to need to find a place to pee. From experience, I can tell… Read More
My realtor friend Mark Savel tagged me in this earlier today. Pine Hill Homes has recently completed a laneway suite here in Toronto and they have now put out a call for artists to come up with something creative for its front facade. I think… Read More
James Brown and Kim Storey, who are partners at Brown + Storey Architects Inc., recently put forward this intensification proposal for Toronto’s non-Avenue-designated arterial roads. (The term Avenue is an important designation in Toronto planning.) They call these streets Un-Avenues and here’s what they are… Read More
The Greater Toronto Area builds a lot more condominiums than purpose-built rental units. This isn’t the case everywhere though. I was recently reading an article about Salt Lake City and how developers there don’t want to build condominiums. It’s mostly rental housing. There’s simply too… Read More
One of the debates I came across on Twitter this week was about multi-tenant houses (also known as rooming houses) in Toronto. Currently, they are allowed in the former city of Toronto, parts of Etobicoke, and in York. But they are illegal everywhere else in… Read More
So Soho House went public this week. It is now trading on the NYSE under the ticker $MCG. It renamed itself the Membership Collective Group Inc. for the IPO given the myriad of brands that the company now operates. The company went public at $14… Read More
@OceanJangda shared a great article with me today about “the psychological benefits of commuting to work.” It is excellent, it cites a lot of psychological research, and I would encourage all of you to give it a read. While it is never fun getting on… Read More
Levered assets, such as real estate, tend to have prices that are correlated with interest rates. Lower rates usually translate into higher asset prices. We are living through this kind of environment right now. And so it is generally valuable to have a view on… Read More
Building things, as we all know, is a risky endeavor. I think of myself as an optimist, but the reality is that there are countless things that can go wrong. There’s approvals risk, political risk, market risk, construction risk, design risk, and many other kinds… Read More
BRANDON DONNELLY 