Benchmark office deal closes in downtown Montreal

Benchmark office deal closes in downtown Montreal

GWL Realty Advisors and Investors Group have finalized their joint purchase of 1350-1360 René-Lévesque West in downtown Montreal from KanAm Grund Group. “To my knowledge, it is the largest real estate transaction in Quebec in 2016,” said Scott Speirs, executive vice-president of Jones Lang LaSalle.

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Montreal’s Maison Manuvie adds EY as future tenant

As construction continues to meet a third quarter completion date, downtown Montreal’s Maison Manuvie has added EY as a major tenant, with a planned move-in for the summer of 2018. “Maison Manuvie offers cutting-edge spaces that meet the high standards and evolving expectations of today’s tenants, their employees and their clients,” said Peter Picciola, vice-president of Quebec office leasing for Ivanhoé Cambridge.

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Cineplex’s Rec Room concept set to go nationwide

Cineplex launched its first Rec Room in South Edmonton Common in September and is now in full roll-out mode with its “eats and entertainment” complexes. “Our research showed that there was a significant opportunity to develop and grow a business like The Rec Room on a national scale …. ,” said Cineplex communications director Sarah Van Lange.

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George Brown to be part of Daniels Waterfront

George Brown College and The Daniels Corporation have further cemented their close relationship with the announcement that the school will become part of Daniels Waterfront – City of the Arts. “Academic partnerships have a positive impact and provide tremendous value in this community,” said Daniels vice-president Martin Blake on Monday.

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Metro Vancouver industrial shortage a boon for owners

A severe shortage of industrial space in Metro Vancouver has been a boon for property owners but has brought tough times for industrial businesses that want to expand, relocate or set up operations in the region, a panel of experts said in Vancouver this week. The panelists were speaking at a talk hosted by the Commercial Real Estate Development Association at the Fairmont Hotel Vancouver on Thursday.

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What is causing Canadian home prices to rise? – Bob Finnigan, President, CHBA

There’s been a lot of recent media attention lately about foreign home buyers fueling the rise in prices, especially in Vancouver and Toronto. The B.C. government, believing this to be a very strong factor in increasing prices, introduced legislation that adds a 15 per cent property transfer tax for anyone who is not a Canadian citizen or permanent resident when they buy residential real estate in Greater Vancouver.

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Admin support makes CRE teams work

Brokerage today has become so complex that the stereotype of the lone broker who knows everyone and does everything has largely been relegated to the past. Top brokers now rely on a team to serve their clients. They realize that they need team members with varied skills to get the job done.

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Application helps untangle the economics of solar in Alberta

Adding solar power in Alberta isn’t as simple as mounting some panels on the side of a building and then tapping into the grid. A number of other factors come into play, enough of them that they can discourage prospective solar power customers.

Sustainable Biz Canada

Six months ago: Artis REIT future is more America, less Alberta

Eight months into 2016, it is fair to characterize the year as tumultuous and transformational for Artis REIT. The Winnipeg-based diversified real estate asset holder has been busy buying, selling, keeping a wary eye on the Alberta wildfires and began what became a very public effort to sell a stake in its Calgary office portfolio.

Property Biz Canada

One year ago: Vancouver apartment site listing draws global interest

The Goodman Report listing for Southview Gardens has received the biggest click-through Mark Goodman has seen since becoming a partner at the family-run real estate business in 2002. “I’ve never been inundated like I have on this offering,” Goodman said.

Property Biz Canada

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