Epic Investment Services has announced three leases, totalling about 300,000 square feet of space, at two of its office properties in Calgary and Edmonton. The largest of the transactions involves 240,000 square feet at the class-A 205 Quarry Park Blvd. complex in Calgary.
Winnipeg’s sports, hospitality and entertainment district continues to expand. Recent highlights include the doubling of the RBC Convention Centre Winnipeg, ongoing improvements to Bell MTS Place and continuous upgrades to the Burton Cummings Theatre.
Welland, Ont., has hardly been known as a hotbed for growth, historically speaking. But that has changed in the past couple of years. “It’s quite a different picture from 10 years ago,” Welland’s economic development officer Lina DeChellis said.
The most significant project currently underway as part of the 100-acre master-planned community forming around the new northwestern subway terminus at Vaughan Metropolitan Centre is SmartCentres REIT’s (SRU-UN-T) and CentreCourt‘s Transit City at SmartCentres Place.
Toronto is celebrated as a technology cluster to watch. Downtown Toronto, in particular, is surrounded by supporting organizations that take an active role in helping identify and nurture the next generation of technology entrepreneurs.
Managing Partner and Senior Sales Associate , ICR Commercial Real Estate
StorageVault Canada (SVI-X) announced it has entered into two separate agreements to acquire two stores in Ontario and one store in B.C. from two vendor groups for an aggregate purchase price of $55 million.
Fengate Asset Management (Fengate) announced it has closed total capital commitments of $1.1 billion for Fengate Core Infrastructure Fund III and affiliated vehicles (Fund III), exceeding both its $750 million target and initial $1 billion hard cap.
CMLS Financial, one of Canada’s largest, independently owned mortgage services companies, has released its latest Commercial Mortgage Commentary, an in-depth analysis of the commercial mortgage market in Canada.
Construction of the JW Marriott and the Stantec Tower in Edmonton’s ICE District is expected to wrap up within three or four months and the buildings will soon be open to hotel guests and residents.
Edmonton’s Holt Renfrew store, a fixture for more than three decades in Manulife Place downtown, will close next January as the luxury retailer shifts its focus to larger stores, the company said in a news release Tuesday.
BSR REIT (HOM-U-T) has an attractive 5.2 per cent yield and conservative payout ratio. This small-cap REIT with a market capitalization of US$161-million is well-covered by the Street with analysts from large firms such as BMO Nesbitt Burns.
REIT financial results
REOC financial results
A new national report from Yardi Matrix portrays remarkable consistency in the U.S. multi-family industry. Rents increased by $5 in April 2019 as robust job creation continues to drive absorption of about 300,000 new units per year.
The two well-worn low-rise apartments set for demolition on Oak Street in Vancouver’s Marpole neighbourhood have become a kind of ground zero in this city’s dilemma over how to solve its rental-housing shortage.
Regina’s residential construction industry is experiencing a heavy downturn, with this year’s housing starts on track to be the lowest in 11 years, says a new report from the Regina and Region Home Builders’ Association.
After plunging to their lowest level since 2012, sales of Canadian homes have inched higher for the past two months and are now about four per cent higher than they were a year ago, says the Canadian Real Estate Association.