Real Estate

Hotel deal activity projected to pick up in Q2

Canadian Property Management

More hotel deal activity projected beyond Q2

Of the 21 transactions totalling approximately $197 million in value during the first quarter of 2021, seven properties were sold for redevelopment or conversion to other uses and three were distressed sales.
Simple computer passwords are standard in most industry sectors

Canadian Property Management

Real estate opts for simple computer passwords

Analysis of more than 162,000 publicly reported data breaches at major real estate firms finds that “password”, “123456” and some variation of a company’s name are ensconced favourites.
GTA investment sales value in Q1 2021

Canadian Property Management

GTA’s Q1 2021 investment sales surpass Q1 2020

Industrial assets and development land accounted for more than 50 per cent of investment sales value in Q1 2021 with trade activity in both sectors far outpacing deal-making in the pre-pandemic months of 2020.
Vestcor acquires minority interest in Crown Realty Partners

REMI Network

Vestcor forges further bond with Crown Realty

Vestcor Inc., the New Brunswick public sector pension plan administrator, has acquired a minority interest in Crown Realty Partners.
Nexus REIT bumping up industrial weighting

Canadian Property Management

Nexus REIT bumping up industrial weighting

Nexus REIT has entered agreements to acquire five single-tenant industrial buildings, which would add 609,000 square feet of gross leasable area to its portfolio.
Pandemic propels healthy building momentum

Canadian Property Management

Pandemic propels healthy building momentum

COVID-19 has intensified pressure to support physical, social and emotional well-being within the built environment, but many investors, owners and managers were already embracing healthy building principles ahead of pandemic-triggered challenges.
Bill Lee, founder of Lee & Associates, has died

REMI Network

Lee & Associates founder dies

Bill Lee leaves the legacy of a USD $14-billion firm with 1,300 employees in 65 locations throughout North America, including Toronto and Vancouver.
office sublet activity slackens somewhat in Q1

Canadian Property Management

Pace of office sublet activity slackens in Q1

Industrial space got even tighter in Canada’s largest commercial real estate markets during the first quarter of 2021, while office sublet activity continued, but at a slower pace than in Q4 2020.
BentalGreenOak launches BGO Strategic Capital Partners

Canadian Property Management

Deal begets BGO Strategic Capital Partners

BentallGreenOak has acquired Metropolitan Real Estate Equity Management from the Carlyle Group.
downtown plan

Canadian Property Management

Fossil fuel fortunes burn Calgary

Reflecting on a year in which the pandemic unsettled market fundamentals to the east and to the west, Calgary-based analysts focus more on tangential circumstances than the COVID-19 outbreak itself.
Ontario doubles tax credit for building investments in southwest, eastern and northern Ontario

Canadian Property Management

Ontario doubles tax credit in tertiary markets

Canadian-controlled private corporations are eligible for refundable tax credits of up to $90,000 for building investments in southwest, eastern and northern Ontario.
BOMA Canada introduces three new industry awards for 2021

Canadian Property Management

BOMA Canada introduces new industry awards

A troika of new industry awards for Canadian real estate professionals at various stages of their careers will be bestowed during BOMEX Virtual later this year.
Celebrated attractions convey spinoff real estate value

CondoBusiness

Iconic sites convey spinoff real estate value

Niagara Falls, and Jasper are the two Canadian entrants on a largely European and American list of locales associated with celebrated global attractions.
Avison Young and Devencore to merge Montreal operations

Canadian Property Management

Brokerages to merge Montreal operations

Avison Young and Devencore will come together under the Avison Young banner to deliver commercial real estate brokerage and advisory services.
New office supply poses backfill challenges

Canadian Property Management

New office supply poses backfill challenges

An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.
Office availability rate surpasses 12% in downtown Montreal

Canadian Property Management

Tenants gaining clout in downtown Montreal

The office availability rate inched above 12 per cent in downtown Montreal during Q4 2020, closing out a year when tenants gave up more than 1.3 million square feet of space through sublets or non-renewals.
Climate risk infuses real estate investment agendas

Canadian Property Management

Climate risk infuses investment agendas

Canadian commercial real estate assets are comparatively less exposed to the dire physical threats that extreme weather poses or has already served up in other global regions.