Gamma is excavating for a planned 799-foot condo tower near the corner of Sutton Place, and is racing to finish the foundation before a potential rezoning can disrupt its plans.
Multiple store closures have created some buying opportunities in the much-maligned sector, according to the head of a $1.1 billion investment company.
A management group led by Brandon Stranzl and backed by Blackstone Group LP, has until Oct. 13 to convince a special committee of Sears Canada’s board of directors to accept his revised bid for the chain.
One reason for the shift is that wealthier families are increasingly likely to rent, allowing landlords to raise prices without raising the risk that their tenants won’t pay.