C & W buys 20 VIC, expands services in Canada

C & W buys 20 VIC, expands services in Canada

Cushman & Wakefield’s acquisition of 20 VIC Management puts the company in the asset services and property management business for the first time in Canada, says Chuck Scott, CEO of Cushman & Wakefield Canada. “The asset services business is something that we in Cushman & Wakefield are in in most other geographies around the world, but until now haven’t been in it in Canada,” Scott says.

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JLL to base new property management group in Calgary

Commercial real estate firm JLL has launched a new Property Management Services group in Canada which it says will be a key in the company’s expansion efforts across the country. The initiative will be led by Ron Fiell based in the JLL Calgary office with practice leads in several cities/regions, providing service with local expertise backed by global real estate knowledge, said the company.

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Groupe Magma develops transformative Montreal-Est condos

Groupe Magma believes a part of the island of Montreal known mainly for its oil refineries could become a new hotspot in the city for condominiums. Montreal-Est “is the next El Dorado of development,” says Yan Le Houillier, president of the development division of Groupe Magma, which has developed more than 700 condominium units in the Montreal area.

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Industry leader, CAPREIT’s Thomas Schwartz passes away

Thomas Schwartz, who with his founding partner Michael Stein built Canadian Apartment Properties REIT (CAPREIT) into one of Canada’s largest residential landlords, has died after a battle with prostate cancer. Schwartz, who served as president and CEO of CAPREIT almost since its inception in 1996, was 68.

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Canada must catch up on smart buildings: Uniserve CEO

Canadian developers, landlords and governments are about three years behind their international counterparts when it comes to establishing smart buildings and cities, says the new boss of Uniserve Communications Corporation. A newcomer toCanada, Nicholas Jeffery joined the 28-year-old publicly traded telecommunication company as CEO about six months ago.

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The truth behind GTA home prices

Cause and effect; supply and demand – the reasons for record high new home prices in the GTA are a matter of government actions and simple economics. Despite some very recent cooling of the market, pricing for new detached homes in the GTA has skyrocketed in the past few years. The resale and condo markets have followed in step.

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Six months ago: Milborne enjoys record year amidst apartment boom

Milborne Group, the largest new condominium broker in Canada, has helped sell more than 100,000 units valued at more than $25 billion in more than 700 developments over the past 40 years. CEO Hunter Milborne obviously has a good handle of the Canadian condo business, and he just entered a strategic partnership with Pordes Residential to serve Florida, so his views on the Greater Toronto Area (GTA) market carry some weight.

Property Biz Canada

One year ago: First Capital secures key Toronto retail locations

First Capital Realty Inc. enjoyed a positive second quarter and  made some major acquisitions in Toronto, both of which are contributing to the optimism that’s evident within the company. “The trends in retail are evolving and changing very quickly, and we have been proactive for many years to take action so that we create opportunities from these trends, which we are now benefiting from,” said president/CEO Adam Paul.

Property Biz Canada

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