A tale of three office markets

A tale of three office markets

One’s stuck in recessionary hell, the biggest “looks like it could be over-built” and the third looks more or less well-balanced. That’s the quick snapshot of the office markets of Calgary, Toronto and Vancouver, respectively.

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SilverBirch Hotels launches strategic review

SilverBirch Hotels & Resorts has retained JLL to complete a strategic review that could result in the sale of its hospitality portfolio.

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CF Shops at Don Mills test lab for Buttonville

CF Shops at Don Mills, built on the site of the demolished Don Mills Centre mall in Toronto, represents Cadillac Fairview’s first European-style open-air shopping centre.

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Tsawwassen Mills on schedule to open in October

Steady progress continues to be made on Ivanhoé Cambridge’s Tsawwassen Mills shopping centre in British Columbia ahead of its projected Oct. 5 opening. “Base building construction is moving quickly, with the vast majority of exterior improvements complete,” said Ivanhoé Cambridge retail development director Jeff Brown.

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Fort Mac: The real work is about to begin

The fires are out in Fort McMurray. The real work is just beginning. Thanks to the heroic efforts of firefighters, residents and area businesses, about 85 per cent of the northern Alberta community has survived Canada’s most devastating wildfire. Still, more than 2,400 structures have been destroyed and most of those are homes.

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Q& A with Brent Sawchyn

Brent Sawchyn is a principal with PC Urban, a leader in Vancouver’s commercial and residential real estate scene. They have a visionary approach to re-imagining old industrial buildings and converting them into new developments that provide higher density and more jobs.

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Real estate trades then and now … negative leverage then and positive leverage now

Why do we all hear grievances that prices in commercial real estate are too high when Marshnet reports sales/purchases of $14.4 billion or 2,045 trades of real estate in 2015 (more than $1 million in all trades not part of owned homes)?

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Six months ago: Agellan Commercial REIT leaving Canada in 2016

Agellan Commercial REIT intends to sell its three Ontario assets over the next year and become an all-U.S. property trust focused on the larger and more robust commercial real estate market south of the border. “It is our intent to come out of Canada totally and we will hopefully do that over the next six to nine months,” said Frank Camenzuli, chief executive of the Toronto-based REIT (ACR.UN-T).

Property Biz Canada

One year ago: Mainstreet Equity a willing buyer

Mainstreet Equity Inc., “an add-value consolidator of mid-market multi-family apartment buildings,” is in “full on” growth mode. The Calgary-based public company (MEQ-T) could acquire 3,000 to 4,000 units in its three markets of Alberta, Saskatchewan and British Columbia, if sellers put product on the market, said Johnny Lam, the company’s chief financial and chief operating officer.

Property Biz Canada

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	REITs & REOCs – First-quarter 2016 report
	RENX has prepared a table with a convenient list of the companies and a summary of links to their reports that will be updated quarterly. First-quarter results are now arriving. Canadian REITs & REOCs – First-quarter 2016 report