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Oxford to outsource multifamily property management to BGO

3 weeks ago

Oxford to outsource multifamily property management to BGO

Oxford Properties Group has decided to outsource property management services for its wholly owned, 5,000-unit multifamily portfolio in the Greater Toronto Area and Montreal to BGO, the firm is announcing today.

Metro Van. devs. push back on delays, red tape, high fees

Enough is enough when it comes to the obstacles facing the Lower Mainland housing market, say a group of real estate and development leaders, who have released a list of issues they say must be addressed immediately. 

Burnaby mayor bemoans stark high-rises

Burnaby Mayor Mike Hurley says the scores of massive high-rises that have gone up in recent decades at Metrotown, Brentwood, Lougheed and Edmonds can feel “stark,” “intense” and sometimes “shocking,” but he sees few options.

Brigil proposes multi-building res project in Ottawa

In a planning application filed with the City of Ottawa, Gatineau-based Brigil has proposed five separate zones of residential development with 1,908 units in buildings as tall as 15 storeys on nearly 50 acres of land in Kanata North.

B.C. buys Vancouver Island land for TOD

B.C.'s government has purchased two parcels of land for the Uptown transit-oriented development in Saanich, B.C., through the $394-million property acquisition fund. The plan is to build "hundreds" of new homes, retail and commercial capacity.

New neighbourhood coming to T.O. waterfront

There’s an island being built in the Port Lands on Toronto’s waterfront and when Villiers Island is complete, it will allow for the construction of a new community, complete with commercial space, apartments, parks and trails.

Dominate your CRE deals: 5 automation strategies for 2024

Leveraging technology-driven solutions has emerged as a critical strategy for capitalizing on momentum and sustaining success in 2024 and beyond.

Sponsored by: Yardi

46% would threaten to quit over in-office increase: Poll

According to a recent poll by global recruitment agency Robert Walters, 46 per cent of white-collar professionals from over 500 companies across Canada would threaten to switch jobs if asked to increase their in-office workdays.

How Farm Boy’s Alessandra Bisaillon takes the lead

Having recently opened its 48th location in Oshawa, Farm Boy is a growing grocery banner in Ontario. Holding a lead role is director of marketing and media relations Allessandra Bisaillon, who joined the Empire Co.-owned grocer in December 2022.

Virtual reality arcade concept Ctrl V expanding in Canada

The sky is the limit for Ctrl V, a virtual reality arcade expanding its presence across Canada and the U.S. The concept, which started June 2016, describes itself as the world’s first and largest virtual reality arcade franchise system.

Maverick honouree leads Sterling's sustainability efforts

Sustainable housing reduces long-term costs for buyers and ensures builders stay ahead of ever-changing green building regulations, according to Sterling Homes' Kelly Williams, the inaugural Built Green Canada Ambassador Maverick award winner.

Calgary's Arts Common will include 1,000-, 200-seat theatres

Designs for a new downtown building that will feature two new theatres were revealed on Thursday, giving the public an early glimpse of what the first phase of a $660-million transformation of Arts Commons will look like.

Leader Lane, Elm propose nine-storey rental

Leader Lane Developments and Elm Developments have ​proposed a nine-storey mixed-use building at 1156 The Queensway in South Etobicoke. The Core Architects-designed building would include 213 market-rate rental units and 3,929 square feet of retail space.

Can public investment revive Canada’s ailing main streets?

OPINION: Greater public investment in infrastructure, incentives and changes in regulations can be effective in fostering growth and prosperity, experts said in a CityTalk webinar in March organized by the Canadian Urban Institute, a not-for-profit organization focused on urban issues.

Available U.S. office space tops 1B sq. ft. for first time

Overall available office space in the U.S. reached a new high-water mark in the first quarter, topping 1.2 billion square feet, representing 23.7% of the inventory in the country,  according to new data from Avison Young. 

12-storey D.C. office building sells for $27M

An affiliate of Arlington-based real estate investor Taicoon Property Partners has acquired the 152,500-square-foot office building at 1899 L St. NW in downtown D.C. for $26.65 million, down from its prior 2004 sale amount of $43.7 million.

Boston eyes CRE tax hike to counter office market dip

Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. The move would favour homeowners while potentially deepening the pain for CRE.

Saudis scale back $1.5T desert project Neom

Saudi Arabia has scaled back its medium-term ambitions for the desert development of Neom, the biggest project within Crown Prince Mohammed bin Salman’s plans for diversifying the oil-dependent economy, according to sources.

China property giant Shimao faces winding-up case

China's crisis-hit property market has been dealt a fresh blow as major developer Shimao Group has been hit with a winding-up petition. State-owned China Construction Bank filed the petition over Shimao's failure to repay loans worth $201.8 million US.

M7 Multi-Let REIT scraps London IPO plan

M7 Multi-Let REIT, a new firm set up to invest in industrial and office property, has become the latest business to scrap plans to float in London, pulling a listing that would have raised as much as $400 million US,

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