LocationsRecent Articles
Aspen gets creative at Calgary Encana Place redevelopment
Aspen gets creative at Calgary Encana Place redevelopment
A soaring vacancy rate in the Calgary downtown office market is forcing some landlords to be creative in attracting and retaining tenants. Aspen Properties, for example, is transforming the former Encana Place Tower, across the street from the Fairmont Palliser Hotel, to include a social gathering spot stocked with a keg a beer, a unique area where pet owners can bring their dogs for the day and several areas for recreational activity.
Elad’s Emerald City Toronto condos site continues to grow
Developer Elad Canada Inc.’s master planned condo project Emerald City continues to grow with the announcement sales for its eighth tower, The Point, commenced this summer. The 279-unit Point tower illustrates the changing demands of Toronto buyers: bachelor units that were previously part of the mix in Emerald City buildings are no longer present.
Voisin wins bid to redevelop Kitchener’s 48 Ontario
Voisin Capital beat out four other bidders and was granted approval by Kitchener, Ont., city council on Aug. 11 to purchase 48 Ontario St. N. for $1.5 million. “48 Ontario is almost immediately behind one of my other buildings, 8 Queen, and for the last three years I’ve been walking by it admiring its architecture and location …” said Voisin Capital president Frank Voisin.
Avoid the unexpected through good planning
Thirty years ago, Geraldo Rivera created a media sensation with a TV show that focused on the opening of a special vault in a Chicago hotel owned by gangster Al Capone. Despite all the build-up and hype nothing was found. While TV thrives on the unusual, the commercial real estate world does not.
Why so shy? The undisclosed buyer
Most commercial real estate transaction are negotiated between parties with full disclosure as to who each party is. Unknown BuyerSo why do offers from buyers sometimes come in undisclosed?
Six months ago: Long courtship ends with Edgefront, Noble merger
It was appropriate Edgefront REIT and Nobel REIT announced their intended merger on February 14, a spot on the calendar better known as Valentine’s Day. Pending shareholder approval, the two trusts will merge to create Nexus REIT.
One year ago: Crestpoint on buying spree in 2016
Crestpoint Real Estate Investments Ltd. has completed five significant acquisitions so far this year, boosting the value of the five-year-old company’s Canadian commercial real estate portfolio to approximately $2.5 billion. “We look for core assets with steady income and we also look for assets with both short-term and long-term upside,” said Crestpoint founder and president Kevin Leon.
| Property Biz Canada, Thursday, August 10, 2017 |
| Toronto-Dominion Centre on top of its game at 50 Property Biz Canada, August 10, 2017 |
| CF Shops at Don Mills completes renovations Property Biz Canada, August 10, 2017 |
| Winnipeg’s Chief Peguis Trail extension a road to development Property Biz Canada, August 10, 2017 |
| SmartREIT, Strathallen to acquire OneREIT in $1.1B deal Property Biz Canada, August 10, 2017 |
| Strong economy buoys Halifax apartment market Property Biz Canada, August 10, 2017 |
| The only thing driving Canada’s housing market? Supply and demand Property Biz Canada, August 10, 2017 |
| Six months ago: New CEO leads Lanesborough’s Alberta comeback Property Biz Canada, August 10, 2017 |
| One year ago: Multi-res president sees growth ahead for Timbercreek Property Biz Canada, August 10, 2017 |
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