Sandpiper Group has increased its investment in Dream Hard Assets Alternatives Trust to 10 per cent, and signalled it’s about to get more proactive in how the trust is managed. Sandpiper is a Vancouver-based investor run by Samir Manji.
A roll of the dice during the financial crisis will begin to bear fruit next week at the biggest private real estate project in U.S., NYC’s Hudson Yards. Driving the $25B development are Oxford Properties Group and Related Cos.
“Everything evolves.” It’s a phrase used several times by Claudio Brun del Re, University of Ottawa’s chief architect in an interview with RENX. In this context, Brun del Re is talking about what’s happening on Canadian university campuses.
The University of Regina says Conexus Credit Union is paying $3.25 million to lease the Wascana Park land where the financial institution is constructing its head office. According to a U of R official statement, the lease is for 90 years.
As I celebrate 10 years at Avison Young, I can’t help but reflect on the changes in the Toronto office leasing market … (and) the extent of the peaks and valleys the market has endured.
A 33-storey residential tower whose design is inspired by mountains is proposed for Vancouver. Developer Anthem Properties rezoning application for the high-rise, which would feature 127 condo units, goes before an open house April 9.
The city has established itself as one of the top-five tech talent markets in North America, based on CBRE’s annual Tech Talent survey. It is the first time a Canadian market has made it into the top five.
Less than two months after the official opening of Ubisoft’s Winnipeg studio, the French video game company is already dramatically expanding its footprint here.
The first seven Vancouver-based supercluster projects are officially armed with $40M to pursue advances in healthcare, natural resources and manufacturing. The Digital Technology Supercluster unveiled its initial collaborations to receive funding from the program backed by industry and government.
Tesla’s three Metro Vancouver sales outlets are at risk of closing after the electric-car maker revealed it was shifting to online sales only. There are also four Tesla stores in Toronto, one in Calgary and another in Montreal.
VIDEO: Sunrise Records head Doug Putman has bought 100 HMV stores from bankruptcy and plans to keep them open.
REOC financial results:
It’s no secret the real estate industry was salivating over Amazon’s arrival in Long Island City, giddy about the ripple effect across New York. But Amazon’s decision to ditch the plan had a more apocalyptic effect on some than others.
Affiliates of Colony Capital, Inc. (CLNY-N) announced the acquisition of a national portfolio of 54 light and bulk industrial buildings for $1.16 billion. The value-add portfolio is located across 10 U.S. markets and totals approximately 11.9 million square feet.
Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up.
The growth markets in Asia-Pacific, Latin America and South America hold promise of future growth and diversification for Montreal-based Ivanhoé Cambridge, as it seeks to adjust to what it has identified as the shifting sands of global real estate.
Major Canadian cities may be struggling with affordability issues, but the rate of homeownership is among the highest in the world, according to a recent report by RBC.
Vancouver city councillors are considering a motion Tuesday morning that could bring a temporary halt to all re-zoning applications along the Broadway corridor, the proposed route for a SkyTrain line to UBC.
The province’s new speculation and vacancy tax declaration could provide a pathway to taxing condos being used as Airbnbs as commercial operations, says Victoria Coun. Geoff Young.
Prominent real estate analysts are promoting co-living as a potential next big thing in Canada’s ever-tightening rental housing market. CBRE identifies dormitory-style dwellings offering private bedrooms with shared kitchen and living space as an emerging commercial real estate trend.