Investment
REMI Network
USGBC bell-ringers signal green capital momentum
The New York Stock Exchange recognized three decades of green building momentum across the United States and its capital markets as the U.S. Green Building Council opened the day’s trading on June 8.
Canadian Property Management
Trophy office towers widening gap from the pack
Trophy office towers could be anchored atop the market for the long term as the past decade’s wave of new building subsides and little further development is anticipated.
Canadian Property Management
U.S. REIT adds to Alberta casino holdings
U.S.-based VICI Properties will acquire four facilities in Edmonton and Calgary through a sale-leaseback transaction, following a similar deal earlier this year for casinos in Edmonton, Calgary and Lethbridge.
Canadian Property Management
Newmark appoints first Canadian president
Norm Taylor has joined Newmark Group to lead the real estate advisory firm’s operations in Canada.
Canadian Property Management
Office building values still trending downward
Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
Canadian Apartment Magazine
Multifamily asset values hold steady
Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
REMI Network
French tax administrator collects property info
Residential property owners in France have until June 30 to register with the national tax administrator, after which they’ll be a liable for a fine of €150 (CAD $220.50) per unreported dwelling unit.
REMI Network
Data centre hubs grow in scale and number
More than half of hyperscale sites worldwide are located in the United States, but Canada is among nine other countries where JLL analysts identify a development surge underway.
Canadian Property Management
Christine Bergeron to lead Concert Properties
Christine Bergeron, current president and chief executive officer of Vancity Group, will step into those roles with Concert Properties beginning in September.
Canadian Property Management
Andrew Blair joins Colonnade BridgePort
Andrew Blair has joined Ottawa-based ColonnadeBridgePort as managing partner of its investment fund and management business.
REMI Network
Brady Welch to act as Slate REIT’s interim CEO
Brady Welch, co-founder of Slate Asset Management, is stepping in as interim chief executive officer of Slate Office REIT.
Canadian Property Management
Canada-U.S. industrial markets diverge in Q1
Toronto and Vancouver posted the tightest industrial markets among major urban centres in Canada and the United States in the first quarter of 2023.
Canadian Property Management
REITs unexpectedly tapped for new tax measure
Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts have been included in a pending new tax measure.
REMI Network
Black Real Estate Roundtable meets in Atlanta
Delegates to NAREIM’s second annual Black Real Estate Roundtable, representing more than 40 major U.S. investment management firms, discussed career experiences and strategies.
Canadian Property Management
Inadvertent blocks on commercial deals lifted
Regulatory amendments to Canada’s Prohibition on the Purchase of Residential Property by Non-Canadians Act address inadvertent impacts on commercial transactions and property development.
Canadian Property Management
CRE awaits spinoffs of new provincial spending
Quebec and Ontario have announced investment incentives that could have implications for land deals and/or technologies and products that commercial real estate uses.
Canadian Apartment Magazine
Multifamily remains favoured investment asset
Industry analysts cite Canada’s demographic trends and seemingly chronic housing supply-demand imbalance as fundamentals that should drive robust returns on new purpose-built rental projects.
