Management Today - Winter 2011 - (Page 166)

cS C A N A D I A N S P OT L I G H T AnUrban Boost > B U I L D TO R O N TO BUILD TORONTO – THE CITY’S ARMS-LENGTH REAL ESTATE AND DEVELOPMENT FIRM – ACHIEVES ECONOMIC, SOCIAL AND ENVIRONMENTAL OBJECTIVES. // President and CEO J. Lorne Braithwaite explains Build Toronto’s board benefits from having a mix of professionals from the public and private sectors. BY B R I A N SA LG A D O How best to develop city-owned real estate assets while keeping costs in check is something the public and private sectors have always struggled to balance. The City of Toronto is taking a novel approach to the matter by partnering with Build Toronto, an independent real estate and development corporation, to generate profit and growth for the municipal government by maximizing the value of the City’s surplus property. Build Toronto was created to enhance the City of Toronto’s economic competitiveness, so according to Build Toronto President and CEO J. Lorne Braithwaite, profitability is only one measure of success in managing its portfolio of cityowned properties. “In addition to creating a financial dividend for the city, we aim to serve as a catalyst for the development of infrastructure and sustainable services while creating jobs, regenerating neighborhoods and undertaking highquality, environmentally sustainable -----------------------------------------------[ P R O F I L E ] Build Toronto Headquarters: Toronto Specialty: Public property redevelopment Employees: 33 -------------------------------------------------------------- 166 MANAGEMENTTODAY-MAGAZINE.COM WINTER 2011 http://www.MANAGEMENTTODAY-MAGAZINE.COM

Table of Contents for the Digital Edition of Management Today - Winter 2011

Management Today - Winter 2011
Millionaire Mega Toys
Management Playbook
Taking Action
Branding Concerns
La Curacao
Prosper Inc.
Meridian Credit Union
Ozarks Federal Savings and Loan
Mona Pearl
MaMa Rosa’s Pizza
L’Oreal USA Consumers Products Division
ABI Ltd.
CHIRON America
Lucerne Foods
Bud’s Best Cookies
Crest Foam Industries
Hozishaki America
The Knapheide Manufacturing Co.
Lavi Industries
S. Freedman & Sons Inc.
Val-Fab Inc.
History vs. Reality
Grupo Roble
Sabal Homes
Grupo Marhnos
Novak Construction
McAlpine Ltd. – Cayman Islands Government Administration Building
Ram Power Corp.
CMH Architects
Golden State Framers
Russell Redi-Mix Concrete
Roger Electric
Supply Chain
Triad Systems
Schildwachter Oil
Star Transport
Canadian Focus
Airline Hotels & Resorts Inc.
Northgate Industries
Winnipeg Airports Authority
PKS Equipment & Engineering Inc.
The Hazelton Hotel
Leeds Transit
PCL Constructors – Durham Consolidated Courthouse
Build Toronto
Handling Specialty
Parker Hannifin Canada
Stevens Resource Group Inc.

Management Today - Winter 2011