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Massive Calgary Taza development valued at $4.5B
Massive Calgary Taza development valued at $4.5B
A massive commercial real estate development on the Tsuut’ina Nation, bordering Calgary city limits, will be named Taza, it was revealed during the recent Calgary Real Estate Forum. The development is on 1,200 acres of land and will eventually include 17 million square feet with a real estate value in the neighbourhood of $4.5 billion.
Artis sells 4 Alberta office properties, hits strategic goal
Artis Real Estate Investment Trust has sold four more office properties in Calgary and Red Deer, completing its goal to reduce the trust’s Alberta office weighting to less than 10% of its portfolio. The sale of the Quarry Park Portfolio in Calgary and the Millennium Centre in Red Deer means Artis has, so far in 2017, disposed of 15 properties worth about $350 million.
WiredScore certifies its first Canadian buildings
Seven Toronto office buildings have received Canada’s first Wired Certifications from WiredScore, recognizing their ability to provide best-in-class connectivity infrastructure. “These are Toronto’s leaders in digital connectivity,” said WiredScore CEO and founder Arie Barendrecht at an Oct. 26 launch event.
POP tower debuts in growing Montreal condo market
The developer of a more-than-$100-million condo project in Montreal is betting that its natural setting, the new Champlain Bridge and a new light-rail station will help sales pop. Construction is slated to begin next summer on the 32-storey Symphonia POP tower on the southern tip of Nuns’ Island, just off the Champlain Bridge.
Sears is out, but CRE possibilities are endless
Sears has finally pulled the plug, granted permission on Oct. 13 by the courts to start liquidation of the company’s remaining stores. So I posed the following question to my friends and social media followers last week: If Sears is out of Saskatoon’s Midtown Plaza, what should be in?
Six months ago: Nexus looks toward major growth after merger
Edgefront REIT and Nobel REIT closed their merger to become Nexus REIT early last month, and both parties believe it will offer several benefits going forward. “We were two smaller entities that, when you put them together, were able to increase our size and scale,” said former Edgefront president and CEO Kelly Hanczyk, who now serves as Nexus’ co-CEO with former Nobel president and CEO Jean Teasdale.
One year ago: Barrie CRE benefits from GTA expansion
Just an hour’s drive north of Toronto (or 45 minutes from Toronto’s Pearson Airport on a good traffic day), Barrie’s commercial real estate is benefitting from the good times for CRE in the greater Toronto area. CBRE Canada knows the Barrie market well and currently has mandates for the city’s largest industrial facility and its biggest office development.
| Property Biz Canada, Tuesday, 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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