Shane Baghai sign on south Leaside property
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The nondescript building at 3 Southvale Drive beside the Leaside Arena driveway is now showing a sign from the Shane Baghai firm on the lawn. The sign requests inquiries about the property be made to (416) 449-5994 extension 231. The long-standing property has housed Homeculture Limited and Gallery Sixty-eight Auctions for years. Mr. Bahai is the builder of residential structures in Toronto and is known for a stately condominium named St. Gabriel Manor at 676 Sheppard Ave E and numerous others. In 2012 the Toronto Star published an article profiling Mr. Baghai. Acting on concerns for his wife’s health he started raising his own cattle. He then branched out into the restaurant business. This in the context of his career up to that point, building and selling luxury homes and high-end condos. Venay Menon, Toronto Star
Ernie Eves chairman of medical marijuana firm
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Left turn goes wrong at Bayview and Millwood
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Dad claims boy, 4, found wandering in North York
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Police say the father of a boy about 4 years old found wandering has claimed the lad. It happened near Leslie Street and Sheppard Ave., presumably near the boy’s home.
Winterlicious restaurants locally are listed
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This is the list published by the City. If it is incomplete, please tell The South Bayview Bulldog. Winterlicious list for Midtown
Branksome Wellness Centre opens today
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Soft footballs? Facts seem pretty soft too
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Rio.Can pays $31.5 million for rest of Leaside Ctr
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On January 15, 2015, RioCan completed the acquisition of the remaining 50% interest in RioCan Leaside Centre, in Toronto, Ontario from Kimco Realty Corporation (“Kimco”). This 133,000 square foot new format centre is anchored by Canadian Tire. Other tenants include PetSmart, Pier One Imports, and Alexanian Carpet & Flooring. The property is very well located at the corner of Eglinton Avenue and Laird Avenue along the Eglinton Light Rail (“LRT”) line, currently under construction. The site is planned to host a secondary entrance to the LRT stop at the southeast corner of Eglinton Avenue and Laird Avenue. The 50% interest in the centre was acquired from Kimco at a purchase price of $31.5 million, which equates to a capitalization rate of 5.5%. RioCan assumed Kimco’s $16.5 million interest in the debt on the property, which carries an interest rate of 3.3% and matures in 2017.



