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Foster’s Apple Headquarters Exceeds Budget by $2 Billion © Foster + Partners, ARUP, Kier + Wright, Apple The estimated cost of Apple’s Cupertino City headquarters has escalated from an already hefty price of $3 billion to $5 billion (more than $1,500 per square foot), reportedly pushing back the original completion date to 2016. According to Bloomberg, Apple is working with lead architect Foster & Partners to shave $1 billion from the “ballooning budget”. Most of the cost is seemly due to Steve Job’s “sky-high requirements for fit and finish”, as the tech legend called for the 2
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By Sarah Mulholland April 23 (Bloomberg) -- Loan extensions will likely be insufficient to prevent a wave of commercial real-estate defaults as borrowers struggle to refinance debt amid tighter lending standards and plummeting property values, according to Deutsche Bank AG analysts. As much as $1 trillion in commercial mortgages maturing during the next decade will be unable to secure financing without significant cash injections from property owners, according to the Deutsche analysts. At least two-thirds, or $410 billion, of commercial mortgages bundled and sold as bonds coming due be
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(Courtesy of The Globe and Mail)
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Quelques 'snippets' du dernier 'Canadian Real Estate' (Mar/Apr 2008) "When we first opened for sales in 2004, the general consensus was that we were crazy to be asking for $1,000 a square foot. Yet, we were very successful. We proved that the Toronto market was viable and other great brands have followed our success. We've now sold over $300 million worth of real estate and are averaging over $1,500 a square foot - a relative bargain compared to New York prices." "Toronto is a world-class city and it's only going up. It's getting better all the time. With Vancouver, Toronto and to a le -
According to Qatar airlines today, they plan on adding additional routes to Montreal next summer. They will be using the 777-300ER with 358 seats. Currently they have 3 flights a week. Does anyone know how many additional flights they will add?
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Montreal Forum adds a touch of Dawson College class Brenda Branswell Montreal Gazette August 9, 2010 MONTREAL - Some Dawson College students will have classes this year in a place they probably never expected to study - the old Montreal Forum. The downtown college is renting additional space in the Pepsi Forum because of an influx of 300 additional students. Dawson is creating nine classrooms in the building, including two computer labs for students who are studying social sciences, said Donna Varrica, a college spokesperson. Dawson is one of several colleges that is accepti
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Researchers at the Eindhoven University of Technology (EUT) may be on the brink of discovering a breakthrough that will lead to reduced pollution and cleaner air for all. According to the EUT, a roadway made of concrete blended with titanium dioxide can effectively remove up to 45 percent of the nitrogen oxides that it comes in contact with. The titanium dioxide, a photocatalytic material, captures airborne nitrogen oxides and, with the aid of the sun, converts it to nitrates that are harmlessly washed away by the rain. The EUT conducted real-world studies on a 1,000-square-meter section o
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not good gents.. Fitch Affirms Province of Quebec at 'AA-'; Outlook Revised to Negative Thu Dec 12, 2013 5:36pm EST * Reuters is not responsible for the content in this press release. 0 COMMENTS Fitch Affirms Province of Quebec at 'AA-'; Outlook Revised to Negative Fitch Ratings affirms the 'AA-' long-term ratings on senior unsecured obligations of the Province of Quebec, Canada, as detailed at the end of this release. In addition, Fitch affirms the outstanding 'F1+' short-term ratings on the Province of Quebec. The Rating Outlook is revised to Negative from Stable. -
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