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Strathallen hits ‘critical mass’ with OneREIT acquisitions: Spence
Strathallen hits ‘critical mass’ with OneREIT acquisitions: Spence
The acquisition of 44 former OneREIT properties by Strathallen Capital Corp. has moved the company into the big league among Canadian property owners and managers. Strathallen completed its $702.9-million acquisition from OneREIT last week. Brian Spence, chairman of the Toronto-based real estate management company, told RENX he believes the transaction will open the door to further growth.
GWLRA, HOOPP set to start work on Vancouver Centre II
Downtown Vancouver’s declining office vacancy rate has the developers of the city’s latest office tower confident they’ll fill up the 33-storey Seymour Street building, which is being built on spec. On Wednesday, GWL Realty Advisors and Healthcare of Ontario Pension Plan held a ceremonial demolition at the site of their jointly-developed, class-AAA, 371,000 square foot Vancouver Centre II tower.
Vancouver experiencing unprecedented retail boom: CBRE
Retail investment in Vancouver surpassed $2.8 billion in the first half of 2017, eclipsing the previous record of $1.6 billion in all of 2016, says a new report by commercial real estate firm CBRE Canada. The market is being driven by major international brands setting up shop in the West Coast city and sparking a renaissance in the retail sector.
True North buys 5 Canadian office properties for $106.1M
True North Commercial REIT is adding almost 500,000 square feet to its office inventory with the purchase of five properties in three provinces – British Columbia, Ontario and Nova Scotia. The trust will spend about $106.1 million to make the acquisitions. “These properties not only meet our core acquisition criteria, but also position us for growth by establishing a presence in new markets,” said Daniel Drimmer, the REIT’s president and CEO.
Will remote working trend kill the office market?
Advances in technology and networking have allowed a number of companies to offer employees the option of remote working from home. During my talks with downtown office tenants I hear this trend come up often. Will the adoption of working from home render commercial office space obsolete?
Six months ago: Mainstreet’s Dhillon sees western turnaround
It’s said that whatever doesn’t kill you makes you stronger. In the case of Western Canada-based apartment owner Mainstreet Equity Corp., it has seen its fair share of body blows and has emerged a bit battered but perhaps leaner and better for the experience.
One year ago: Logistics having big impact on industrial RE
While logistics companies have become and will continue to be an increasingly important component of the Canadian industrial real estate market, there are still questions regarding how this relationship will evolve. This topic was discussed by five panelists at The Real Estate Strategy & Leasing Conference in Toronto.
| Property Biz Canada, Thursday, October 5, 2017 |
| Oak West Fengate’s new GTA commercial development Property Biz Canada, October 5, 2017 |
| Allied, RioCan buy commercial portion of Toronto’s The Well Property Biz Canada, October 5, 2017 |
| Daniels unveils accessibility program for new condos Property Biz Canada, October 5, 2017 |
| Hope Street takes luxury home rental model to Vancouver Property Biz Canada, October 5, 2017 |
| Building’s best honoured at 2017 BOMA awards Property Biz Canada, October 5, 2017 |
| Retail’s not going anywhere, it’s just changing Property Biz Canada, October 5, 2017 |
| Six months ago: Office sales a turning point for Montreal CRE Property Biz Canada, October 5, 2017 |
| One year ago: Pent-up demand filling Vancouver office towers Property Biz Canada, October 5, 2017 |
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