Montreal’s historic Sun Life Building wins modern awards

Montreal’s historic Sun Life Building wins modern awards

It’s 100 years old, but the Sun Life Building in Montreal could easily survive another century in excellent condition if investments continue to be made in its upkeep, its property manager says. When new tenants think of the Sun Life Building, “they think of an older building because of the architecture,” says Ryan Zamestrieus, senior property manager at Bentall Kennedy (Canada). “But we’re innovative and fully automated.”

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Caisse de dépôt invests $250M in Avison Young

UPDATED with CEO Mark Rose interview: Avison Young CEO Mark E. Rose says a $250-million preferred equity investment from the Caisse de dépôt et placement du Québec provides his firm funds to accelerate its expansion, leaves decision-making entirely with its senior management group and allows it to remain a “disruptive force” in the industry.

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Sunray Group buys Delta Toronto East Hotel property

Sunray Group has won the bidding for the highly coveted Delta Toronto East Hotel and development property after a court-ordered wind-up of the assets of previous owner Tarn Financial Corporation. “There was a tremendous amount of interest in the property from local, regional, national and international investors,” said Robin McLuskie of Colliers International.

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Cadre, partially owned by Kushners, opens Toronto office

Cadre, an online startup which makes commercial real estate investments, recently expanded into Canada through the opening of a Toronto office focused exclusively on software product development. The Canadian office of the fintech is strictly for research, engineering, and product development and “we are not raising money or signing deals in the area,” says Cadre’s Raj Singh.

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Time can be a killer for CRE transactions

There is nothing worse than putting a CRE transaction together that gets mired in a lengthy conditional period with no end in sight. Whether it’s a court-ordered sale, or a deal that continually seems to get extended, time kills deals that take too long.

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Winnipeg builder offers prefab, net-zero energy homes

Eric Bjornson wants to be the IKEA of home construction. The Winnipeg-based, environmentally-friendly homebuilder has garnered a reputation for designing and constructing custom, net-zero energy, single-detached homes. Now he has a big — and ambitious — idea that comes in a relatively small package: KITHOUSE.

Sustainable Biz Canada

Six months ago: Plaza Retail REIT busy buying, selling, building

Business is brisk these days at Plaza Retail REIT, which has 23 projects under development or redevelopment and has been active selling and acquiring properties. Current developments will add about 1.82 million square feet to Plaza’s portfolio. “We’ve got a very full pipeline and it continues to get fuller,” said Plaza’s chief financial officer Floriana Cipollone.

Property Biz Canada

One year ago: DevImco to kick off Solar Uniquartier

Construction is expected to start in August on Devimco’s $1.5 billion mixed-use Solar Uniquartier development on Montreal’s South Shore. The massive project in Brossard will include 2,500 residential units, 500,000 square feet of office space, 500,000 square feet of commercial space, two boutique hotels, sports complex, convention centre and a park of more than 130,000 square feet.

Property Biz Canada

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