As struggling smartphone maker BlackBerry continues to look for outs, the company must explore every possibly avenue that might be helpful in raising cash. One such avenue, The Globe and Mail and AllThingsD each independently report, may be the sale of some of its property in Ontario, Canada. BlackBerry has reportedly approached several commercial real estate firms in recent weeks about valuing and possibly selling off at least some of the property it owns in Waterloo. The firm has sold a few sites in recent years but still owns 20 buildings in the area. “As we work to our target of reducing expenditures by approximately 50 percent over the next three quarters, that includes optimizing our space,” a BlackBerry spokesperson told AllThingsD. “Should space become unnecessary for BlackBerry’s continued use, we will work with key partners in the community who may need some of our surplus space.”
Leaving no stone unturned, BlackBerry ponders property sale
Published Oct 3rd, 2013 8:00AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
