Real Estate

climate change procrastinators

Canadian Property Management

Climate change procrastinators urged to act

The mounting consequences of being stuck fast in the wrong place for an extended wrong time begin with soaring insurance premiums and end with stranded assets.
Cheryl Gray

Canadian Property Management

Cheryl Gray first Canadian IREM President

Gray was inaugurated during the 2019 IREM Global Summit in San Francisco.
GRESB

Canadian Property Management

GRESB gets lift from ESG tailwind

Major Canadian players figure among both GRESB investor members with full access to the data and the larger complement of management members that report and are benchmarked through the real estate assessment.
Canadian pension funds

Canadian Property Management

Canadian pension funds look to GRESB guidance

Oxford Properties Group and Ivanhoé Cambridge have been benchmarked atop their North American peers in the 2019 GRESB Real Estate Assessment, which this year plotted the ESG performance of 1,005 companies, funds and REITs worldwide.
green preferred units

Canadian Property Management

Brookfield’s green preferred units “on trend”

Brookfield Property Partners is targeting USD $250 million to invest in green certified buildings and upgrades through the issuance of 10 million perpetual green preferred units.
portfolio share

Canadian Apartment Magazine

Investors pad multifamily’s portfolio share

Multifamily assets have enjoyed the most growth in real estate portfolio share of any property type thus far in the 21st century, jumping from 11 per cent to 17 per cent of investment allocation.
tech job growth

Canadian Property Management

Canadian cities fertile for tech job growth

The rankings reflect CBRE's assessment of each market's competitive appeal based on 13 variously weighted indicators that collectively present a picture of employment trends and other factors helping to attract and sustain a tech labour force.
halifax-945x514

Canadian Property Management

Halifax office vacancy dips for second year in a row

This drop came despite an uptick in the vacancy rate in the downtown Central Business District (CBD), which saw a modest increase.
retail appraisals

Canadian Property Management

Deal values stay in line with retail appraisals

Transaction data from 2018 direct sales does not validate grumbling about the dissonance between REIT pricing and the appraised values of retail properties.
money laundering

CondoBusiness

Real estate flies red flags of money laundering

Some of the signals of potential malfeasance in real estate transactions are not obvious or only appear ominous when they are part of a pattern of questionable conduct.
co-working space

Canadian Property Management

Offbeat locales hold co-working space bargains

Despite shared status for the lowest office vacancy rate in North America, co-working space in Toronto and Vancouver appears generally more affordable than in major markets in the United States.
proptech innovation

Canadian Property Management

Cheryl Gray recognized for proptech innovation

CRE Women of Influence are nominated by industry peers and evaluated based on professional achievement, contributions to the broader real estate industry and their actions as role models and mentors for other women.
property tax breaks

Construction Business

Alberta enables long-term property tax breaks

Newly adopted amendments to Alberta's Municipal Government Act extend provisions that were initially devised to support the rejuvenation of derelict brownfields to all non-residential properties.
energy exposure

Canadian Property Management

Energy exposure fuels Calgary office woes

Energy firms drove Calgary office leasing deals in the first quarter of 2019, but in a way that had few landlords celebrating. The largest transactions involved companies relocating and downsizing into smaller spaces.
Global Property Index

Canadian Property Management

Canada inconspicuous in Global Property Index

The 2018 total return on Canadian real estate assets was in the back half of the pack among 25 national markets, but Canada is part of a smaller group of 12 that can boast an improvement over 2017 results.
talent attraction efforts

Canadian Property Management

Making space for talent attraction efforts

Commercial real estate's core function as a provider of workspace serves as something of a living lab for the industry's own human resources strategies.
BentallGreenOak

Canadian Property Management

BentallGreenOak officially emerges

Bentall Kennedy's merger with GreenOak Real Estate is now in place, extending the newly formed entity's worldwide reach and bringing approximately USD $46 billion worth of assets under management.