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Vancouver office market hungry for new buildings
Vancouver office market hungry for new buildings
Modern office space is becoming harder to find in Vancouver, which may spur some developers to try to accelerate projects in the planning and permitting stages. “Demand is getting stronger and supply is constrained,” said Michael Wright, vice-president of Newmark Knight Frank Devencore.
Gupta Group eyes condos for future growth
If you want to keep track of the ebb and flow of the Canadian real estate industry, Steve Gupta is a pretty good gauge. The head of Toronto-based Gupta Group, who was heavily invested in the apartment sector in the 1980s and ’90s before the rise of Ontario rent control, is a major player in the hot hotel sector and has recently become more involved in condo construction.
GBCI Canada to be one-stop green building shop
Canadian building owners and property managers are about to get much wider access to leading-edge green building and performance management tools and services. The Canada Green Building Council (CaGBC) and Green Business Certification Inc., (GBCI) based in the United States, will become partners in Green Business Certification Inc. Canada.
Manulife’s U.S. arm building Atlanta property on spec
John Hancock Real Estate and CRG are so confident in the Atlanta area they’ll break ground on a 1.01-million-square-foot industrial building on June 5 without a single lease commitment. “We view the market as one of the strongest industrial nodes in the U.S. because of its proximity to essential transportation infrastructure…” said Richard Strom, John Hancock Real Estate southeast U.S. managing director.
What’s in a building name?
What do Chrysler Building, Empire State Building, and Rockefeller Center have in common? The iconic New York City buildings are all recognizable by name alone. They are examples of commercial real estate known throughout the world whether you’ve physically seen them or not.
Six Months Ago: Skyline Commercial REIT buying Cervus portfolio
Skyline Commercial REIT is branching into a new area after agreeing to purchase 11 Western Canadian dealership properties from Cervus Equipment Corporation for $55.7 million. “The properties are spread across Alberta and Saskatchewan, but the lion’s share of the value in the deal lies in Calgary, Saskatoon and Regina,” said Skyline Commercial REIT president Michael Mackenzie. Cervus operates authorized agricultural, construction, materials handling and transportation equipment dealerships.
One Year Ago: Thor equities expands Montreal portfolio
Thor Equities has an extensive building portfolio on New York City’s Fifth Avenue, and it sees similar opportunities and potential on Montreal’s Sainte-Catherine Street. “Thor focuses on properties in key urban locations worldwide, with a particular emphasis on buildings in high-density areas with heavily trafficked corridors, and we believe Sainte-Catherine is the perfect example of a vibrant retail street with tremendous opportunity going forward,” said Thor communications director Joshua Greenwald.
| Property Biz Canada, Thursday, May 25, 2017 |
| Mixed-use campus coming to University of Montreal Property Biz Canada, May 25, 2017 |
| RioCan, Concert partner on TO’s Sunnybrook Plaza Property Biz Canada, May 25, 2017 |
| Investments lift Square One past $1B in retail sales Property Biz Canada, May 25, 2017 |
| Vancouver’s first Passive House Plus home in the works Property Biz Canada, May 25, 2017 |
| Six months ago: RioCan, Boardwalk JV just the start for retail REIT Property Biz Canada, May 25, 2017 |
| One year ago: Parkbridge No. 1 owner of land lease communities Property Biz Canada, May 25, 2017 |
| City of Edmonton: Invitation for Submissions 2008 – 105 Street, Keheewin Neighbourhood |
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The City’s Building Housing Choices program is inviting submissions to purchase or lease land at 2008 – 105 Street in the Keheewin Neighbourhood for medium-density housing development. Asking Price: $3,500,000 (based on RA7) Open for submissions until 4pm, July 31, 2017.
Detailed information is available at: edmonton.ca/propertysales
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