Family-owned Royop builds new Calgary legacy project

Family-owned Royop builds new Calgary legacy project

The company which later became Royop Development Corp., built Calgary’s first enclosed shopping centre – Westbrook Mall – in 1964. Today as a retail industry leader in the city, Royop is poised to build another legacy project – Township, a 1.5 million-sq.-ft. mixed-use development on 10 acres in the south part of the city.

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Opinions split on future of booming co-working model

Few elements in the commercial real estate industry these days are as divisive as the office co-working phenomenon. About half of industry stakeholders and observers consider brands like WeWork and Spaces to be a fad, said office leasing specialist Ross Moore at a Vancouver forum. The other half, “think (co-working) is for real”.

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Prime Burnaby apartment property for sale

A prime site in Burnaby’s Metrotown neighbourhood is for sale, offering both solid holding income from existing apartments and attractive redevelopment potential. The two three-storey apartment buildings, built in 1967, at 6470 and 6508 Silver Ave. in the Vancouver suburb, are being sold by a family which has owned them for years.

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El-Ad bids to acquire Agellan Commercial REIT

UPDATED with Agellan Q3 results, quotes: Agellan Commercial REIT has entered into an agreement to be acquired by an affiliate of its largest shareholder El-Ad Group, Ltd., in a transaction valued at about $680 million. Elad Genesis Limited Partnership would pay C$14.25 in cash per share for units the group does not already hold.

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It’s not 1918 anymore: Adaptability key to survival

If the 100th anniversary of the First World War armistice should teach us anything, it’s that change is constant and even the most momentous of events don’t set the agenda for long. Just look at what’s happened over the past couple of weeks. The U.S. mid-term elections, deemed the most important in the nation’s history, left American politics more fragmented than before.

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The Class-A lobby checklist

SPONSORED CONTENT: In competitive office leasing markets, the significance of the building lobby should not be overlooked. It’s a place where functionality and tenant experience converge, and – if you believe in the old idiom “the first impression is your last” – then it means a hell of a lot to your team of brokers as well.

Property Biz Canada

Six months ago: Colliers buys 75 per cent of Harrison Street

Colliers International will spend up to $550 US million to acquire 75 per cent of Harrison Street Real Estate Capital LLC. The Chicago-based firm focuses on the education, healthcare and storage sectors and has $14.6 billion in AUM. “The investment in Harrison Street is transformational and the most significant in our history,” said Jay Hennick, Colliers’ chairman / CEO.

Property Biz Canada

One year ago: Northview buys 1,250 apartments in four provinces

Northview Apartment REIT will push its holdings over the 25,000-unit plateau with the purchase of a portfolio of 1,250 units from independent third-party vendors and affiliates of Starlight Group Property Holdings Inc. Northview will pay $196.8 million for the properties, mainly in Ontario but also in Quebec, British Columbia and Nova Scotia.

Property Biz Canada

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