Oak West Fengate’s new GTA commercial development

Oak West Fengate’s new GTA commercial development

Fengate Real Asset Investments continues to bet heavily on its hometown of Oakville, most recently with the Sept. 27 completion of the first building in Phase One of the almost 700,000 square foot Oak West Corporate Centre (OWCC). “The Oakville hub is energetic, dynamic and evolving, and increasingly attractive to businesses and talent,” said Fengate managing director of real estate John Bartkiw.

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Allied, RioCan buy commercial portion of Toronto’s The Well

Allied Properties REIT and RioCan REIT are buying Diamond Corp.’s 20 per cent interest in the office and retail components of Toronto’s The Well for up to $42 million. The transaction, which is scheduled to close today (Thursday, Oct. 5), means Allied and RioCan will each own 50 per cent of the commercial component of the three million square foot, mixed-use development.

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Daniels unveils accessibility program for new condos

The Daniels Corporation has unveiled its Accessibility Designed Program for condominium purchasers who use mobility devices, the latest move in its commitment to building homes for the full spectrum of the housing market. “Our mission has always been to try to eliminate barriers to home ownership, be they financial or in this case physical,” said Daniels vice-president of project implementation Jake Cohen.

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Hope Street takes luxury home rental model to Vancouver

Calgary-based Hope Street Real Estate Corporation has opened an office in Vancouver where it is poised to take advantage of an elevated number of properties sitting vacant in the West Coast city. Shamon Kureshi, president and CEO of the residential property management firm, says a segment of the Vancouver residential real estate market has attracted plenty of Chinese investment.

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Building’s best honoured at 2017 BOMA awards

BOMA has once again celebrated excellence in the Canadian commercial real estate industry, handing out its annual national awards at the BOMEX gala in Toronto on Sept. 28, 2017. The BOMA Canada National Awards Program features three levels, with local award winners qualifying for the national competition. Winners of the Canadian TOBY and Earth awards can now move into the international competition.

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Retail is not going anywhere; it’s just changing

It is hard to believe the hype surrounding the announcement that Target was coming to Canada just FOUR years ago. The frenzy suggested this was going to herald a new era for consumers. Many analysts were right, things were about to change, but they got it completely wrong on the implications for the retail industry.

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Six months ago: Office sales a turning point for Montreal CRE

The recent sale of two downtown Montreal office buildings at premium prices marks a turning point for commercial real estate in the city, real estate insiders say. The buildings at 1350 and 1360 Rene Levesque Blvd. W. were purchased by GWL Realty Advisors.

Property Biz Canada

One year ago: Pent-up demand filling Vancouver office towers

When Manulife Real Estate unveiled a 16-storey, 250,000-square-foot office tower 980 Howe at the corner of Howe and Nelson Streets in downtown Vancouver last November, they were facing a downtown office leasing market with a 10% vacancy rate, the highest it had been in a decade.

Property Biz Canada

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