August, 2012

• 8 August

  Q2 Commercial Division Report 2012

  Summary of TREB’s Second Quarter Commercial Division Report: – 3.5 million square feet of total leased space in Q2 2012 – a decline of 22% compared to 4.4 million leased square feet in Q2 2011 – Spaces leased were down, but average lease rates were up for industrial, commercial/retail and office – Industrial properties accounted for almost 80% of total …

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• 7 August

  Attic Room Designs

  Check out these unique and efficient attic room transformations. From office spaces, to closets, and home theatres, it can all be seen here. Be inspired.

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• 7 August

  Abandoned TTC buses and subway trains

  Check out these cool shots of the city’s abandoned subway and TTC buses here. The H4 series of subways was last used in 2001.

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• 7 August

  Second Quarter Results for Toronto Condominium Market

  Summary of resale condominium market: – 5000 transactions in Q2 – 2.7% increase in prices, now up to $407 per sf New condominium market: – 4769 units sold, down a noted 21% from Q1-2012 and a whopping 50% from Q2-2011 – most Q2 activity took place at end of the quarter; 88% of those units under construction and 79% of …

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• 2 August

  Capital Economics asserts Market Bubble, slams RBC Report

  RBC recently came out with a report saying that the condo market in Toronto is not in a bubble, but Capital Economics says otherwise. They just came out with a report of their own asserting that the Canadian housing market, which includes Toronto, is definitely in a bubble. According to economist David Madani of Capital Economics, Canada’s housing market is …

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• 2 August

  Toronto Star parking lot set to become a condo

  Vancouver-based Pinnacle International Realty Group, is planning to develop three towers at 1 Yonge St., home of the Toronto Star office building. Although the Toronto Star building will be untouched, the space is expected to be a major Yonge Street address with great views of the water, excellent public transit, and close to major attractions like the ACC. 12 years …

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July, 2012

• 31 July

  Exposed brick walls are so chic!

  I absolutely adore exposed brick walls! Who knew that they apparently became popular in the late 1900s, because people found it less expensive to expose the brick in older homes, then it was to repair or replace damaged plaster. Exposed brick walls look awesome in lofts and give the space an industrial feel. They add character and a ton of …

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• 31 July

  Lenny Kravitz’s Penthouse listed for $17.95M

  Lenny Kravitz’s Soho apartment in NYC contains 6167sf of living space, and 3000sf of terrace space, all in a triplex pre-war penthouse. Located at 30 Crosby Street, where Courtney Love’s penthouse just sold, Kravitz has been trying to sell the apartment on and off for many years. To recap: Kravitz purchased the apartment for $7.128 million in 2000 and tried …

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• 31 July

  Just Listed $100 million NYC penthouse

  A Long Island real estate developer by the name of Steven Klar, president of The Klar Organization, has listed his octagonal penthouse for a whopping $100 million. The 8,000-square-foot penthouse is located at 150 West 56th Street, and has been on the market since last Friday through Prudential Douglas Elliman, reports The New York Times. The unit covers the 73rd …

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• 30 July

  London Olympic basketball stadium is recyclable

  The temporary basketball stadium used in the London Olympics this year was built from 1,000 tons of steel. Not only is it mobile, but it is also relatively lightweight. After its use, the stadium will be deconstructed and shipped elsewhere. According to Dennis Hone, Chief Executive of the Olympic Delivery Authority, “It makes a lot of sense, especially if you …

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