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PBA to build two Marriott-branded hotels in Calgary
PBA to build two Marriott-branded hotels in Calgary
PBA Land and Development will unveil Thursday plans to build a major new luxury hotel in downtown Calgary. The Dorian will be the first new luxury hotel in the city in 20 years and will actually be two hotels in one, both carrying the Marriott brands. The dual-tower development will house a Courtyard by Marriott hotel and an exclusive Marriott Autograph Collection hotel.
Canada’s industrial vacancy at record low 3.3 per cent: AY
Canada’s industrial real estate market continued to surpass expectations in the first quarter, as investors were eager to snap up properties while rents increased due to demand outpacing supply. “I believe every market will see gains over the course of 2018 and beyond,” said Bill Argeropoulos, principal and practice leader, research (Canada) for Avison Young.
Spire Developments building a niche in Vancouver
The people behind Spire Development have large ambitions. The Delta, B.C., company has been carving out a niche with projects like exclusive condos in South Granville, car washes with $10-million construction price tags and Vancouver’s largest multi-unit, Passive House apartment building.
Tempered enthusiasm in multi-family sector
On the surface, things seem to be in good shape for multi-family developers. However, a few issues coming to the surface take a bit of shine off the optimism for the sector. The good news is developers have started to construct more purpose-built rental apartments in the GTA during the past 24 months, and the condominium market experienced both record sales and prices last year.
Mohawk College building earns ZCB-Design certification
The Joyce Centre for Partnership & Innovation in Hamilton has earned the first institutional and second overall Zero Carbon Building Design certification from the Canada Green Building Council (CaGBC). The JCPI will be home to new and existing programs offered through Mohawk’s School of Engineering Technology. It will be comprised of 96,670 square feet of innovative labs, workshops, lecture theatres, industry training centres.
Six months ago: CT REIT buys seven shopping centres from RioCan
RioCan REIT has begun the selloff of up to $2 billion in properties in secondary Canadian markets, and the first buyer is fellow retail real estate holder CT Real Estate Investment Trust. The companies announced this morning that CT REIT will purchase seven properties, all anchored by Canadian Tire stores, for a purchase price of $200 million.
One year ago: Investments lift Square One past $1B in retail sales
Major renovations and an effort to revamp its tenant base has made Mississauga Square One just the second shopping centre in Canada to surpass $1 billion in annual retail sales. Square One, owned by Oxford Properties and Alberta Investment Management Corporation (AIMCo), hit the milestone during the May 2016 to May 2017 period.
| Property Biz Canada, Tuesday, May 22, 2018 |
| Sidewalk Toronto ‘fundamentally different’ urban approach Property Biz Canada, May 22, 2018 |
| Calgary buildings eye smaller floor plates to attract tenants Property Biz Canada, May 22, 2018 |
| 39 Niagara rentals complement Minto Toronto Westside condos Property Biz Canada, May 22, 2018 |
| Condo-like theme to Minto’s Ottawa apartment renos Property Biz Canada, May 22, 2018 |
| Natural Resources Canada sets bar high on sustainability Sustainable Biz Canada, May 22, 2018 |
| Can affordable housing and rapid mass transit co-exist? Property Biz Canada, May 22, 2018 |
| Battle of Alberta? Edmonton holds all the CRE cards Property Biz Canada, May 17, 2018 |
| Six months ago: Boardwalk to add up to 15,000 apartments Property Biz Canada, May 22, 2018 |
| One year ago: 16 York breaks ground in Toronto South Core Property Biz Canada, May 22, 2018 |
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