Downtown Toronto office market remains tight

Downtown Toronto office market remains tight

New office space in downtown Toronto will continue to be hard to come by until the results of the latest major development cycle come to fruition in 2020 at the earliest, according to a new report from Newmark Knight Frank Devencore (NKFD). Nearly 10 million square feet of office space has been delivered to downtown Toronto over the past decade.

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New CEO, focus make ROI Land Investments a developing story

Montreal-based ROI Land Investments recently announced new top leadership, a desire to raise the profile of the publicly traded company and a focus on finding new investments, particularly in the United States. ROI, which trades on an over-the-counter basis, last month appointed German financial executive Martin Scholz as CEO and Stéphane Boivin as COO and a member of the board.

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Allied Properties buys ‘strategic’ downtown TO property

Allied Properties REIT (AP.UN-T) has added another building to a collection of properties in Toronto’s downtown St. Lawrence Market area it calls the “Assembly.” The purchase of 56 The Esplanade complements five other properties Allied owns from 35 to 49 Front St. East. “This is a strategic acquisition for Allied, in that it augments a large assembly we’ve made over time in the St. Lawrence Market area,” Allied president and CEO Michael Emory said.

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Mixed-use declined in popularity in U.S.: Part II

Mixed-use developments were a trend in the United States about 15 years ago, but have cooled in the past decade according to one industry veteran, speaking at the North American New Apartment Construction and Mixed-Use Symposium and Expo. Jim Arbury, the retired former senior vice-president of the National Multifamily Housing Council in Washington, D.C., said many apartment owners south of the border still aren’t anxious to embrace mixed-use.

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If you thought railways had a major impact on RE . . .

It took only 30 years for the railway to reshape the British landscape, the British economy and the very fabric of British society. But as profound as that change was, it came at a glacial pace by today’s standards. The march of progress, for good or ill, reshapes the kind of real estate we need.

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Six Months Ago: Angels to help a new generation of RE developers

A group of angel investors and the Fonds immobilier de solidarité FTQ have teamed up to help create a new generation of real estate developers in Quebec. The deal with investor group Anges Québec “will allow for the emergence of a generation of rising developers and support existing developers who need more liquidity,” says Normand Bélanger, president and CEO of the Fonds immobilier de solidarité FTQ.

Property Biz Canada

One year ago: Calgary retail vacancy one of lowest in N.A.

In contrast to Calgary’s soaring office vacancy rate its retail vacancy while an all time high for the city is one of the lowest in North America. An 11.1 per cent retail vacancy rate in Calgary’s central business district contributed to the city’s overall retail vacancy rate of 3.4 per cent.

Property Biz Canada

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