Build Toronto Generates $45M in Dividends for City

Build Toronto chair Chris Voustsinas dropped by the Commercial Real Estate Lenders Association luncheon last Friday to talk about the value in surplus city properties. CRELA co-founder Amar Nijjar sent us this pic of him, co-founder Chad Gemmel (both with JLL), National Bank’s Neil Carpenter and Chris, at JLL’s Commerce Court office. Chris told the 50 lending institution senior execs that Build has to date sold 14 projects, done two JVs, and created $45M in dividends for the city, generating $85M in revenue. Projects he's particularly excited about include Ordnance Triangle (aka Garrison Point) and Tridel’s Ten York.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

CoStar To Acquire Aerial Imagery Company For $730M

BXP Execs See Better Returns In Building Offices Than Buying Them

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity