Downtown Montreal office ‘has never been stronger’

Downtown Montreal office ‘has never been stronger’

The future looks brighter than it has in a long time for commercial leasing and development in downtown Montreal, panelists agreed during a discussion on the state of the city’s office market. “I think next year is going to continue to be strong. Downtown has never been stronger,” says Robert Giglio, vice-president, leasing at Bentall Kennedy. “People are interested in the city.”

Read more

CRE property tax more than double residential

Commercial property tax rates were at least double those of residential rates in eight of the 10 Canadian cities surveyed in a new Altus Group Canadian Property Tax Rate Benchmark Report 2017 produced in partnership with the Real Property Association of Canada (REALPAC).

Read more

‘Compelling investment offering’ for Bay Adelaide Centre

One of the most compelling investment offerings ever to come to market in Canada is available for Toronto’s Bay Adelaide Centre, according to a brochure on the offering. The offering comprises 2.2 million square feet of class-AAA office space, consisting of the Bay Adelaide West office tower, Bay Adelaide East office tower, a PATH-connected retail concourse and a 1,000-stall parking facility.

Read more

Slate buys four retail portfolios in Germany

Toronto-based Slate Asset Management announced the acquisition of four retail portfolios in Germany on October 25th following through on its European expansion strategy. The portfolios the company has agreed to purchase have 47 grocery-anchored real estate assets totalling approximately 607,880 square feet.

Read more

Edmonton apartment market riding out the storm

The numbers for Edmonton’s apartment market looked relatively grim entering 2017: vacancy rate at a 20-year high and slumping rental rates. The city was struggling with an oil-price-crash recession and unemployment woes. Despite all that, market watchers are positive about the city’s rental market, a sector known for its stability.

Read more

Toronto endorses Wired Certification as “Key Tool for Growth”

SPONSORED CONTENT: Starting today, Toronto businesses will be able to identify office buildings that offer the best-in-class connectivity infrastructure to keep their companies online thanks to Wired Certification. Toronto’s most forward-thinking landlords and developers are pursuing Wired Certification, the preeminent international platform that rates the connectivity and technological capacity of office buildings.

Learn more about this service

Six months ago: RioCan, Killam JV on Gloucester City Centre

RioCan REIT chief executive officer Ed Sonshine calls Ottawa’s Gloucester City Centre “a perfect storm” for a real estate investor and developer. In a good way. And so, after this week’s announcement RioCan has partnered with Halifax-based Killam Apartment Real Estate Investment Trust to develop the 7.1-acre site, the two are moving forward at full speed.

Property Biz Canada

One year ago: Monit has full ownership of Montreal’s Scotia Tower

Monit Investment is now the sole owner of downtown Montreal’s Scotia Tower after paying $79 million to acquire Scotiabank’s 50-per cent share of the property’s land and 27-storey tower.

Property Biz Canada

	RENX has surpassed 10,210 Twitter followers
	Recent follower Reliance Properties is a privately owned Vancouver company active in acquisition, redevelopment, leasing and management of a wide variety of real estate.
	Follow RENXca, the most comprehensive news feed on Twitter for Canadian real estate professionals.