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Northstar's Porthaven leads downtown Port Coquitlam rejuvenation
Northstar's Porthaven leads downtown Port Coquitlam revival
Port Coquitlam, one of the smaller, more quaint cities in Metro Vancouver, is working to rejuvenate its downtown and the new mixed-use Porthaven residential project is being described as an example and catalyst for the core.
Office sector faces 'reckoning' amid other tailwinds: Colliers
With hybrid working arrangements staying in place beyond the COVID-19 pandemic, Adam Jacobs, senior national director of research at Colliers Canada, said the market is grappling “with the fact that office clearly does have some risk now."
$125M Ottawa office tower ‘sound investment': PSPC
The federal public works department says its purchase of a prominent downtown office building whose occupants include House of Commons staff and CBC headquarters is a “sound investment” that will result in long-term cost savings for taxpayers.
Vancouver launches large building decarbonization hub
The City of Vancouver has opened the Energize Vancouver resource hub to guide owners and managers of large existing buildings through incoming regulations on greenhouse gas emissions and energy. Tips, where to find incentives and case studies are provided.
B.C. Supreme Court rejects handwritten CRE sales contract
A handwritten document purporting to facilitate the sale of a unit in a Surrey commercial strata development for well below its assessed value has not held up in B.C. Supreme Court.
Vancouver appoints new development manager
Andrea Law, Vancouver’s general manager of development, buildings and licensing is set to retire May 17, making way for colleague Corrie Okell. The city has yet to appoint a chief planner amid a months-long vacancy.
Thunder Bay seeks input on waterfront development
The City of Thunder Bay is looking for public input as it considers the next phase of waterfront development. Thunder Bay's Community Economic Development Commission is also taking a look at the development of the waterfront from an economic perspective.
Parkbridge near sellout at B.C. land-lease community
Parkbridge Lifestyle Communities, a Collingwood, Ont.-based investor, developer and owner-operator of land-lease communities, sees its model opening up homeownership to more people at its Solstice at Tower Ranch retirement community in B.C.'s scenic and rapidly growing Okanagan Valley.
North Vancouver developer trades stratas for rentals
District of North Vancouver Council Monday approved Anthem Property Group’s request to convert its five-storey project at 149 West Third St. from 50 strata units to 80 rentals, while keeping the building’s height and gross floor area the same.
Ottawa’s most expensive rental property? $35,000
The highest-ever residential rental property in Ottawa was offered for $35,000 and rented full price, according to agency Dream Properties. The most expensive rental home - on a treed lot in Rockcliffe Park - has seven bedrooms and six bathrooms.
Real estate podcasts
Brian Rosen, Colliers: From REIT privatization to asset valuation, CRE Podcast
Nadine Ezzie, ezzie + co.; Ryan Elazari, Empire Management: Their CRE journey, Tenant Experience Network
Antonia Botero, MADDPROJECT: Transforming commercial spaces into homes, CRE Podcast
Gap between discount, full-service results shrinking: Empire
Sobeys parent company Empire Co. Ltd. (EMP-A-T) CEO Michael Medline told analysts on Thursday's results conference call the same-store sales gap between its discount and traditional grocery banners is tightening.
Dollar Tree won't be shuttering Canadian stores
As it prepares to shutter up to 1,000 stores across the U.S., discount chain Dollar Tree says it is leaving its Canadian stores alone — but analysts say it could be tempted to sell at least some of them.
Manhattan office tower to sell for 30% of 2014 price
GFP Real Estate is under contract to buy a large, nearly empty office tower in Manhattan’s Financial District at a significant discount. The firm has agreed to buy 222 Broadway, a 31-storey office tower, for $150 million.
Alexandria sells another Boston property for a loss
Alexandria Real Estate Equities (ARE-N) has unloaded a handful of industrial buildings and the former Coppersmith restaurant in South Boston, the latest in a string of sales for the life sciences giant.
CBRE sues to prevent former exec from working at C&W
CBRE is taking former executive Chris Hipps to court after he joined Cushman & Wakefield. On Dec. 6, Hipps resigned from his role as senior managing director of advisory and transaction services at CBRE in Dallas after over a decade.
KKR to buy in Japan despite rising rates
KKR & Co. plans to keep buying real estate assets in Japan even if the central bank raises interest rates for the first time since 2007, said Ralph Rosenberg, the U.S. firm’s global head of real estate.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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