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New era for Vancouver First Nations developers
New era for Vancouver First Nations developers
Despite the emergence of massive First Nation development organizations in the Lower Mainland, partnerships with local developers remain in their “infancy,” says the head of the Tsawwassen First Nations Economic Development Corp. “There remain lots of opportunities, but there is a real steep learning curve in terms of how to deal with First Nations…”
Greybrook looking for more south Florida projects
While the Greater Toronto Area remains the investment focal point for Greybrook Realty Partners, its recent partnership in a Fort Lauderdale, Fla., acquisition is a sign of the asset management firm’s growing interest in the Sunshine State. “The south Florida market, specifically in Fort Lauderdale and Miami, has seen a resurgence in rental demand.”
Shopping malls are not dead: Retail experts
Reports of the death of the shopping mall have been greatly exaggerated, attendees at last week’s Vancouver Real Estate Forum heard. “I hear a lot of times, ‘what’s going to happen to the mall? The mall is doomed,’ ” said Franco Custodinho, senior vice-president leasing at Ivanhoé Cambridge. But “there is some place for the shopping centre. It’s still a meeting place; it serves as an entertainment venue for a lot of people that see shopping as entertainment…”
Calgary office vacancy rate high, but panic wanes
The full recovery of Calgary’s office market may still be a long way off, but any panic that was present has dissipated. “… It’s a positive mindset driven by the new entrepreneurs that are going to come up in the next one to 10 years,” said Andrew King, associate vice-president of Barclay Street Real Estate.
Stockwell Day blasts media, B.C. gov’t property policies
Former Conservative cabinet minister Stockwell Day blasted the media and lamented what he called reactionary government policies in B.C. that block Asian investment in Metro Vancouver. Day was speaking at the Vancouver Real Estate Forum April 11 on a panel focused on the role of foreign investment in B.C.
Big city working, small town living: Best of both worlds
What is it going to take to motivate people to return to small town Canada? Towns and smaller cities continue to suffer deaths by a thousand cuts. Anchor employers downsize and ship jobs overseas, while young people eager for big city life and opportunities move away. But does it have to be this way?
Six months ago: Two big deals for Pure Industrial REIT
It has been a busy second half of 2016 for Pure Industrial Real Estate Trust (AAR.UN-T), which recently announced nearly $300-million worth of acquisitions. The two deals “reflect our continued focus on building an industry-leading portfolio of modern distribution properties in key industrial markets in Canada and the U.S.” said Kevan Gorrie, PIRET’s president and chief executive.
One year ago: GM buys Toronto site for Mobility Campus
GM Canada (GM-N) has purchased a large site on the east side of Toronto’s downtown from Cinespace and plans to transform it into the “Toronto GM Mobility Campus.” GM plans to develop a multi-use property to demonstrate world-class innovations in the heart of Toronto.
| Property Biz Canada, Tuesday, April 11, 2017 |
| Mainstreet’s Dhillon sees signs of Western turnaround Property Biz Canada, April 11, 2017 |
| Automotive Properties REIT increases portfolio Property Biz Canada, April 11, 2017 |
| Vancouver Real Estate Forum attracts 1,100+ CRE reps Property Biz Canada, April 11, 2017 |
| Web map created for publicly owned land in GTHA Property Biz Canada, April 11, 2017 |
| A boom for rental as owners cash out of homes The Strategic Broker, April 11, 2017 |
| Six months ago: Vancouver’s Concert Properties is a developing story Property Biz Canada, April 11, 2017 |
| One year ago: Bayfield acquires properties, ponders growth strategy Property Biz Canada, April 11, 2017 |
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