Aspen’s Scott Hutcheson: Developer, athlete, Olympic bid leader

Aspen’s Scott Hutcheson: Developer, athlete, Olympic bid leader

The roots and passion for real estate began at a young age for Scott Hutcheson and his brother Blake. It was only natural the two high-profile Canadian real estate executives would follow careers in the industry. “My family were entrepreneurs. My great, great grandfather, great grandfather, grandfather were all in the lumber business,” said Scott.

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U Store It Canada a pioneer in self-storage industry

A 140,000-square-foot five-storey building is rising right beside the busy central corridor through St. Albert, a well-to-do suburban community north of Edmonton. Nestled among the big-box Costcos and other retail chains on St. Albert Trail, in close proximity to high income residential neighbourhoods, U Store It Canada Ltd.’s highly visible building represents the new image of the self-storage industry.

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R2, Gillam partner on first crowd-funded deal in Ontario

Private equity firm R2 and Gillam Group have partnered on a north Toronto infill development R2 believes will be the first crowd-funded real estate deal in Ontario. The corner site on Avenue Road “will be redeveloped from an existing two-storey building into a five-storey mixed-use property with condos on four floors and ground floor retail,” said R2 CEO Amar Nijjar.

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Reserve, Westdale bet on LRT to sell Line 5 Condos

Reserve Properties and Westdale Properties are banking on the Eglinton Crosstown LRT bringing more activity to Toronto’s Yonge and Eglinton area, and plan to add to it with Line 5 Condos. “Westdale and Reserve have been looking to collaborate, and Yonge and Eglinton was an area both firms agreed is bursting with energy,” said Reserve CEO Shane Fenton.

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New Horizons idea failed miserably . . . or did it?

Have you ever stumbled onto one of those websites that features abandoned spaces? My favourites are old malls. Once a bustling retail centre and now so neglected. But what if you were looking at a vacant mall that was brand new?

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Six months ago: Hines, Oaktree acquire Calgary’s First Tower

Hines and Oaktree Capital Management have closed the purchase of Calgary’s First Tower office building, and plan a “significant capital upgrade program” to reposition the half-vacant class-B property.  The two U.S.-based firms announced the acquisition Wednesday — Oaktree on behalf of a “subsidiary of real estate funds” it manages. No financial terms were released.

Property Biz Canada

One year ago: Strathallen hits ‘critical mass’ with OneREIT acquisitions: Spence

The acquisition of 44 former OneREIT properties by Strathallen Capital Corp. has moved the company into the big league among Canadian property owners and managers.  Strathallen completed its $702.9-million acquisition from OneREIT last week. Brian Spence, chairman of the Toronto-based real estate management company, told RENX he believes the transaction will open the door to further growth.

Property Biz Canada

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