Recent Articles
Downtown Montreal office ‘has never been stronger’
Downtown Montreal office ‘has never been stronger’
The future looks brighter than it has in a long time for commercial leasing and development in downtown Montreal, panelists agreed during a discussion on the state of the city’s office market. “I think next year is going to continue to be strong. Downtown has never been stronger,” says Robert Giglio, vice-president, leasing at Bentall Kennedy. “People are interested in the city.”
CRE property tax more than double residential
Commercial property tax rates were at least double those of residential rates in eight of the 10 Canadian cities surveyed in a new Altus Group Canadian Property Tax Rate Benchmark Report 2017 produced in partnership with the Real Property Association of Canada (REALPAC).
‘Compelling investment offering’ for Bay Adelaide Centre
One of the most compelling investment offerings ever to come to market in Canada is available for Toronto’s Bay Adelaide Centre, according to a brochure on the offering. The offering comprises 2.2 million square feet of class-AAA office space, consisting of the Bay Adelaide West office tower, Bay Adelaide East office tower, a PATH-connected retail concourse and a 1,000-stall parking facility.
Slate buys four retail portfolios in Germany
Toronto-based Slate Asset Management announced the acquisition of four retail portfolios in Germany on October 25th following through on its European expansion strategy. The portfolios the company has agreed to purchase have 47 grocery-anchored real estate assets totalling approximately 607,880 square feet.
Edmonton apartment market riding out the storm
The numbers for Edmonton’s apartment market looked relatively grim entering 2017: vacancy rate at a 20-year high and slumping rental rates. The city was struggling with an oil-price-crash recession and unemployment woes. Despite all that, market watchers are positive about the city’s rental market, a sector known for its stability.
Toronto endorses Wired Certification as “Key Tool for Growth”
SPONSORED CONTENT: Starting today, Toronto businesses will be able to identify office buildings that offer the best-in-class connectivity infrastructure to keep their companies online thanks to Wired Certification. Toronto’s most forward-thinking landlords and developers are pursuing Wired Certification, the preeminent international platform that rates the connectivity and technological capacity of office buildings.
Six months ago: RioCan, Killam JV on Gloucester City Centre
RioCan REIT chief executive officer Ed Sonshine calls Ottawa’s Gloucester City Centre “a perfect storm” for a real estate investor and developer. In a good way. And so, after this week’s announcement RioCan has partnered with Halifax-based Killam Apartment Real Estate Investment Trust to develop the 7.1-acre site, the two are moving forward at full speed.
One year ago: Monit has full ownership of Montreal’s Scotia Tower
Monit Investment is now the sole owner of downtown Montreal’s Scotia Tower after paying $79 million to acquire Scotiabank’s 50-per cent share of the property’s land and 27-storey tower.
Property Biz Canada, Thursday, October 24, 2017 |
GTA office sales bolster record CRE investment Property Biz Canada, October 24, 2017 |
Greenwich tops long list of Melcor’s Calgary developments Property Biz Canada, October 24, 2017 |
Scarborough church building seniors condominiums Property Biz Canada, October 24, 2017 |
Transit, mixed-use driving Ottawa’s major developments Property Biz Canada, October 24, 2017 |
There’s a pattern to Saskatoon’s industrial vacancy rates The Saskatchewan Edge, October 24, 2017 |
Six months ago: Rent controls could be ‘very damaging’: FRPO Property Biz Canada, October 24, 2017 |
One year ago: Vancouver’s Concert Properties is a developing story Property Biz Canada, October 24, 2017 |
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