“It has become clear to us through this process that the only viable alternative to bankruptcy would be to transfer control and operation of the property, in an orderly manner, to the lenders and their representatives. We make this decision as we feel a battle over the property or a contested bankruptcy process is not in the long-term interest of the property, its residents, our partnership or the city.”
January, 2010
29
Jan 10
Is Commercial Real Estate About to Go Belly-Up?
25
Jan 10
How did Intrawest rack up so much debt?
Bankers said Wednesday they will move to auction off Intrawest Holdings unless the ski resort operator can find a way to settle its debts.
22
Jan 10
Toronto commercial real estate sinks
Toronto’s commercial real estate
industry had its worst year in a decade in 2009, despite an end of the year investment surge.
15
Jan 10
Research shows Canadian mortgage market can manage risks
New data collected by CAAMP indicates homeowners are borrowing less, not more, than they can afford to borrow
TORONTO, Jan. 14 /CNW/ – New research using data collected by the Canadian Association of Accredited Mortgage Professionals (CAAMP) from its corporate members strongly suggests that Canadian mortgage lenders and borrowers, including first time home buyers, are being extremely prudent with their borrowing and lending.
12
Jan 10
Encouraging mid-rises a tall order
City planners talk up the benefits of low-slung buildings, but developers say red tape and high costs are working against them.
12
Jan 10
Dubai opens world’s tallest building
DUBAI, UNITED ARAB EMIRATES–Dubai opened the world’s tallest skyscraper Monday in a blaze of fireworks, then added a final flourish: It renamed the half-mile-high tower for the head of neighbouring Abu Dhabi, whose billions bailed out Dubai amid last year’s financial crisis.
