Vancouver office market hungry for new buildings

Vancouver office market hungry for new buildings

Modern office space is becoming harder to find in Vancouver, which may spur some developers to try to accelerate projects in the planning and permitting stages. “Demand is getting stronger and supply is constrained,” said Michael Wright, vice-president of Newmark Knight Frank Devencore.

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Gupta Group eyes condos for future growth

If you want to keep track of the ebb and flow of the Canadian real estate industry, Steve Gupta is a pretty good gauge. The head of Toronto-based Gupta Group, who was heavily invested in the apartment sector in the 1980s and ’90s before the rise of Ontario rent control, is a major player in the hot hotel sector and has recently become more involved in condo construction.

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GBCI Canada to be one-stop green building shop

Canadian building owners and property managers are about to get much wider access to leading-edge green building and performance management tools and services. The Canada Green Building Council (CaGBC) and Green Business Certification Inc., (GBCI) based in the United States, will become partners in Green Business Certification Inc. Canada.

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Manulife’s U.S. arm building Atlanta property on spec

John Hancock Real Estate and CRG are so confident in the Atlanta area they’ll break ground on a 1.01-million-square-foot industrial building on June 5 without a single lease commitment. “We view the market as one of the strongest industrial nodes in the U.S. because of its proximity to essential transportation infrastructure…” said Richard Strom, John Hancock Real Estate southeast U.S. managing director.

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What’s in a building name?

What do Chrysler Building, Empire State Building, and Rockefeller Center have in common? The iconic New York City buildings are all recognizable by name alone. They are examples of commercial real estate known throughout the world whether you’ve physically seen them or not.

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Six Months Ago: Skyline Commercial REIT buying Cervus portfolio

Skyline Commercial REIT is branching into a new area after agreeing to purchase 11 Western Canadian dealership properties from Cervus Equipment Corporation for $55.7 million. “The properties are spread across Alberta and Saskatchewan, but the lion’s share of the value in the deal lies in Calgary, Saskatoon and Regina,” said Skyline Commercial REIT president Michael Mackenzie. Cervus operates authorized agricultural, construction, materials handling and transportation equipment dealerships.

Property Biz Canada

One Year Ago: Thor equities expands Montreal portfolio

Thor Equities has an extensive building portfolio on New York City’s Fifth Avenue, and it sees similar opportunities and potential on Montreal’s Sainte-Catherine Street. “Thor focuses on properties in key urban locations worldwide, with a particular emphasis on buildings in high-density areas with heavily trafficked corridors, and we believe Sainte-Catherine is the perfect example of a vibrant retail street with tremendous opportunity going forward,” said Thor communications director Joshua Greenwald.

Property Biz Canada

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