Blackstone Strikes $1.6 Billion Student Housing Deal With KKR
Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
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Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
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Aug 10, 2020
The Canadian Press
TORONTO - Sidewalk Labs' Toronto office space is available for lease months after the company walked away from building a tech-savvy neighbourhood in the city.
An online property listing shows both floors of the Lakeshore Boulevard East building the Manhattan-based Google affiliate occupied are available for $35 per square foot per year for a total of about $155,000 annually.
The first floor covers about 13,128 square feet (1,220 square metres) and the second covers 4,056 square feet (377 square metres), but the listing says both can be leased together.
The listing comes just over a month after Sidewalk told The Canadian Press it had laid off about 20 workers, including several in Canada, but stressed that it was not abandoning the country and would still keep staff there.
A spokesman for Sidewalk now says the company is still committed to maintaining a presence in Toronto, but did not say where staff in the city will work from.
The Sidewalk building served as a spot for the company to show off its prototypes of heated, illuminated sidewalks and raincoats for buildings that it hoped to use in its smart city project, which it cancelled in May.