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If you followed commercial real estate in Canada during 2017, one word might best describe the activity: it was a “blur.”
All the buying, selling and building is projected by CBRE to push investment activity in Canada beyond $40 billion by year’s end. This makes the frenetic pace RENX’s top Canadian CRE story of 2017.
The big announcements started early and didn’t stop; from Cadillac Fairview’s sale of 50 per cent of its Vancouver portfolio back in January; to RioCan’s decision to reposition its portfolio; to Cominar’s 1.14B non-core assets sale to Slate Asset Management last week.
To name just a few.
With year-end looming, RENX has spent many (and we mean, many) hours in the past few weeks compiling, debating, editing and parsing that activity into our annual RENX Top 100 Real Estate Stories of 2017 newsletter. The Top 15 stories are featured at the top with brief explanations, and links to stories which described the events.
The remainder are grouped into categories large and small.
Transactions, trends, issues covered
The great thing about year-end lists is that they’re subjective. Open to debate . . . that will undoubtedly by the case with this list as well. Do you have thoughts or comments? Feel free to send a note to thankyou@renx.ca (we might even publish some of your comments in a future newsletter).
We’ve tried to feature the most important transactions, impactful issues and trends, and note major developments from coast-to-coast.
We hope you find our Top 100 interesting and informative. And, if you look closely, you’re likely to find a thing or two you missed during the year.
As a bit of a teaser, we’ve included the top five headlines here. For the full list, visit our RENX Top 100 Real Estate Stories of 2017.
But before we get started, we’d like to wish you all a very Happy Holidays . . . Merry Christmas and Happy New Year!
1) Canada’s CRE investment on record setting pace
2) A year of trophy asset sales in Vancouver
3) Dream Office sells Scotia Plaza stake to Kingsett; part of $1.7B disposition
4) Cominar to sell non-core assets to Slate for $1.14B
5) SmartREIT, Strathallen acquire OneREIT in $1.4B deal
See our full Top 100 Commercial Real Estate Stories of 2017 newsletter.
Industry Events
Vancouver
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