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Will CBC Sell Its Toronto Headquarters?

WASHINGTON DC 02.23.2017

HOWARD COUNTY BOOM!

Major Projects, an Office Outlook, and a Multifamily & Retail Update

Allan Kittleman -- Howard County
Ike Leggett -- Montgomery County
Kevin McAndrews -- Atapco Properties
Will CBC Sell Its Toronto Headquarters?

The Canadian Broadcasting Corp is looking at selling its 250 Front St W headquarters, hiring a consultant to examine the possibilities, according to the National Post. The 1M SF broadcast centre, constructed in the early '90s, was “built for a different day,” CBC general manager of media operations and technology Fred Mattocks told the Post, noting that parts of the building are “dreary” and “dreadful.” The broadcaster only requires a third of the space at the HQ, he says, and is looking for a buyer that would allow it to remain there as a tenant. In the face of budget cuts, selling off CBC's real estate assets could generate funds to create new content.