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Oxford unveils plan for NYC’s St. John’s Terminal
Oxford unveils plan for NYC’s St. John’s Terminal
Oxford Properties Group has released its plans to redevelop the historic St. John’s Terminal in New York City into 1.3 million square feet of “cutting edge commercial office space” along the Hudson River. Located at 550 Washington Street at the corner of Houston and West Streets in Hudson Square, the building encompasses two city blocks in Manhattan.
Calgary sees 1.3M sq. ft. of Q3 industrial absorption: C&W
Calgary’s struggling economy may still be slowly recovering from the punishing recession years of 2015-16, but its industrial real estate market is booming. Sean Ferguson, associate vice-president in industrial sales and leasing at Cushman & Wakefield in Calgary, said optimism is strong in the market.
Trudel Alliance: 20 years of growth in Quebec
William Trudel started his real estate career in his early 20s when he bought a small, one-bedroom condo and rented it out. Flash-forward about 20 years later and Trudel Alliance, the Quebec City-based real estate investment firm he runs with his brother Jonathan, is now worth hundreds of millions of dollars.
Record year for acquisitions for Killam Apartment REIT
Killam Apartment REIT has continued its recent buying spree with an announcement Tuesday it has made $88 million worth of residential acquisitions in three provinces. The purchases in P.E.I., Alberta and Ontario push Killam’s 2018 total to a record $263 million in acquisitions. It might not be done yet, either, according to president and CEO Philip Fraser.
Amazon to occupy 450,000-sq.-ft. facility at Delta iPort
Amazon has announced its third major fulfillment centre project in Canada in the past six months. The ecommerce giant will build a 450,000-square-foot facility on the B.C. Lower Mainland on Tsawwassen First Nation land at the Delta iPort.
Great Gulf, OakWood earn top 2018 OHBA Award honours
Great Gulf and OakWood have taken the top two honours in the 2018 Ontario Home Builders’ Association awards. Great Gulf was named the 2018 Ontario Home Builder of the Year for the first time, after finishing as a runner-up in past years. Oakwood was named the 2018 Ontario Renovator of the Year.
Six months ago: Starlight finds success with ‘near-urban’ strategy
Toronto’s Bloor Islington Place has made an impressive turnaround since Starlight Investments acquired it four years ago as part of its “near-urban strategy”. The three-tower, one-million-square-foot office and retail complex on Bloor Street West has direct access to the Islington subway station and is adjacent to a MiWay transit hub.
One year ago: RioCan to sell $2B in property, focus on major markets
RioCan Real Estate Investment Trust is taking the final major step toward becoming a REIT focused almost solely on Canada’s six largest urban markets. The trust announced Monday it will sell about 100 properties, valued at nearly $2 billion, in secondary markets across the country.
| Property Biz Canada, Tuesday, Sept. 25, 2018 |
| Sobeys’ owner Empire pays ‘top dollar’ to buy Farm Boy Property Biz Canada, Sept. 25, 2018 |
| NYX Capital expands into ‘underserved’ self-storage market Property Biz Canada, Sept. 25, 2018 |
| Spaces plans its largest co-working sites in Toronto, Vancouver Property Biz Canada, Sept. 25, 2018 |
| Thousands of new apartments ‘at risk’ in Vancouver Property Biz Canada, Sept. 25, 2018 |
| The People Space: New CEOs at CBRE Canada, Genesis, Fiera… Property Biz Canada, Sept. 25, 2018 |
| New initiatives lift Oxford back atop GRESB rankings Property Biz Canada, Sept. 25, 2018 |
| Fort Nelson Dene director named B.C. Land Champion Sustainable Biz Canada, Sept. 25, 2018 |
| Six months ago: Waterloo Region CRE market hot on all fronts Property Biz Canada, March 27, 2018 |
| One year ago: Allied, Westbank to develop Toronto’s 19 Duncan Property Biz Canada, Sept. 26, 2017 |
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