Canada’s largest cities need more industrial space

Canada’s largest cities need more industrial space

As industrial vacancy rates continue to plummet in Canada’s six largest cities, the need for more facilities is becoming more acute, says a Colliers International report. Overall occupancy grew by an annualized 1.59 per cent in Q3 and 1.74 per cent during 2018; that’s 6.7 million square feet of absorption in the quarter and 14.5 million square feet for the year.

Read more

Vancouver’s Beedie branches out, grows residential business

For Ryan Beedie and the development firm that shares his last name, the past couple of years have included a personal loss and frustration over a contentious project, but also major growth for the 65-year-old company, founded by Ryan’s late father Keith. The elder Beedie died last year at the age of 91.

Read more

Avison Young targets Montreal market for growth

Avison Young Montreal is aiming to be among the top three of Montreal commercial real estate brokerages in terms of sales volume or number of brokers within four years, says a new partner in the Montreal office who recently moved over from CBRE. “We can do this by acquiring some good people (and we) might buy some smaller shops,” says Robert Metcalfe, principal, capital markets at Avison Young Montreal.

Read more

The Edison: Aspen renews aging Calgary office building

BOMEX 2018 in Calgary offered building owners and property managers from across Canada a guided tour of an innovative and shining example of how to turn an aging downtown property into an office building of the future. Aspen Properties took a 30-storey B-class tower built in 1981 and turned it into an amenity-rich building.

Read more

Ivanhoé Cambridge’s Jonathan Pearce discusses future of CRE

It’s always useful to get perspective on the outlook for commercial real estate by engaging in a dialogue with an industry-leading broker. And by the same token, there’s abundant value in talking with landlords at the top of their game.

Read more

Six months ago: Hines, Oaktree acquire Calgary’s First Tower

Hines and Oaktree Capital Management have closed the purchase of Calgary’s First Tower office building, and plan a “significant capital upgrade program” to reposition the half-vacant class-B property. The two U.S.-based firms announced the acquisition Wednesday — Oaktree on behalf of a “subsidiary of real estate funds” it manages.

Property Biz Canada

One year ago: Strathallen hits ‘critical mass’ with OneREIT acquisitions

The acquisition of 44 former OneREIT properties by Strathallen Capital Corp. has moved the company into the big league among Canadian property owners and managers. Strathallen completed its $702.9-million acquisition from OneREIT last week. Brian Spence, chairman of the Toronto-based real estate management company, told RENX he believes the transaction will open the door to further growth.

Property Biz Canada

	RENX has surpassed 10,625 Twitter followers
	Recent follower the University District Calgary is the newest urban community in the northwest of the city. Mindfully made. Human-focused. Sustainable. Thoughtfully designed.
	Follow RENXca, the most comprehensive news feed on Twitter for Canadian real estate professionals.