Yesterday Urbanation released its Q2-2018 rental report for the Greater Toronto Area. It tracks both purpose-built rentals and condominium rentals, the latter being condominium units that are listed for rent on MLS. The average condo rent, for all unit types across the GTA, is up 11.2%… Read More
This past week Studio Gang unveiled its first project in Los Angeles, a curvaceous apartment (300 rental units) and hotel (149 rooms) tower in Chinatown. The developer is Paris-based Compagnie de Phalsbourg and the hotel component is expected to be operated by the European brand,… Read More
Bjarke Ingels’ West 57th Street project in New York (developed by The Durst Organization) has just started renting apartments (March 1). Since I’m in the rental business, I thought it would be worthwhile to take a look at the rents – though I tend to obsess over… Read More
Earlier this week it was announced that Sam Zell – the billionaire who initially made his money in real estate – is selling over 23,000 apartment units to Starwood Capital Group (Barry Sternlicht) for $5.4 billion. The units are all controlled by Zell’s company, Equity… Read More
Yesterday CAPREIT announced that we have entered into our first joint venture development agreement for a mixed-use project at 1100 King Street West in Toronto’s Liberty Village neighborhood. The agreement is to acquire a 1/3 undivided interest in the residential component of the project for… Read More
When you build a new office building, the typical strategy is to pre-lease a certain portion of it. That is, you sign leases with a tenant or a few tenants so that you know for sure that X% of the building will be occupied upon… Read More
Today I spent the day at the 11th Annual Land & Development Conference here in Toronto. I found it particularly good this year, but it’s now late, I’m tired, and I want to go watch game 6 of the NBA finals. So I think this… Read More
Condos in Fog by Richard Gottardo on 500px Earlier today I attended a lunch and learn talking about the renewed interest in rental apartment development here in Toronto. Since this is a topic I’ve written about a few times here on Architect This City, I… Read More
St. Lawrence by Ralph Sobanski on 500px I have an announcement to make on Architect This City today. Next week I’m joining the development team at CAPREIT (TSE: CAR.UN) here in Toronto. CAPREIT is one of Canada’s largest residential landlords. They are a growth-oriented real estate… Read More
Community by Evgeny Tchebotarev on 500px Toronto is the condo capital of North America. For a number of years now, there have been more condos under construction in this city compared to any other in North America, including New York. But recently the real estate… Read More
