Shopify announced in March 2017 that it will be expanding its Ottawa headquarters by leasing new accommodations at 234 Laurier Avenue West which will increase its size by 325,000 square feet and about 3,000 employees beginning this year. This is fantastic news for Shopify, the Ottawa tech ecosystem, and the Greater Ottawa area in general. […]
I am reminded of an old Mork and Mindy episode. Robin Williams as Mork, the alien from Ork, has a policy of hiding in plain sight. He would leave his alien stuff hanging around the apartment that he shared with Mindy, played by Pam Dawber. Only the TV audience noticed the stuff that was plainly […]
Originally posted December 2015 I have been having an internal debate about what I am missing in the economics of leasehold improvements. I wonder if there is some magic in leasehold improvements I have failed to grasp that others have known for a long time. Is there some unaccounted for value in an office […]
It was about eight years ago that PWGSC began to talk about its plans for office accommodations in the National Capital Area (NCA). The plan involved: getting the private sector to build some new buildings for it to occupy; increasing the availability of options for it in the central business district and pushing the balance […]
Originally published in the Ottawa Business Journal 01 March 2012. I am still struggling with what to do in a “balance sheet recession.” That is what Canadian investor Stephen Jarislowsky described as the outcome of the Lehman Brothers collapse – a recession driven by everyone looking to repair their individual balance sheets and inflicting […]