First Capital stocking up on Calgary Beltline property

First Capital stocking up on Calgary Beltline property

First Capital Realty is accumulating buildings in Calgary’s Beltline district, just outside the downtown core, for potential redevelopment into large mixed-use projects in the future. RENX has learned that in the past year or so First Capital, in joint ventures with Allied Properties REIT, has purchased three properties in the trendy inner-city community.

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Sparrow Capital seeks to combine culture, economic impact

Edmonton’s Sparrow Capital is a real estate investment firm with a mission. The firm seeks operators (tenants) for its projects who enhance the cultural fabric of neighbourhoods or whose work is meaningful to the future of the regional economy, says company president Antoine Palmer.

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Hungerford buys 15.5 acres of Vancouver industrial property

Hungerford Properties has purchased two major Vancouver industrial sites which it plans to redevelop with mixed-use commercial and retail. One of the properties, a 12-acre site in South Vancouver, is considered the largest industrial acquisition in the City of Vancouver in a decade.

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Pickering, Ont., becoming a development hotbed

A flurry of major announcements in Pickering, Ont. bodes well for the economy of the Durham Region city of 94,000 east of Toronto. The $1 billion Durham Live casino / entertainment project, three tenants to anchor the Pickering Innovation Corridor, and the sale of two Seaton Lands development tracts have local boosters “very excited”.

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Approved zoning enhances value of GTA development land

Multi-family residential developers will continue to pay a hefty premium when acquiring land with approved zoning in place, according to a new report. Residential real estate advisor Bullpen Research & Consulting Inc. and land-use planning and project manager Batory Management teamed up to review more than 40 Greater Toronto Area high-density land transactions.

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Harbour Equity raises $67.95 million for JV development fund

SPONSORED CONTENT: Harbour Equity has closed a $67.95 million private placement offering for Harbour Equity JV Development Fund IV and is now actively reviewing investment opportunities for the capital raised. As a capital provider for developers, Harbour Equity uses a variety of joint-venture structures to invest in both ground-up developments and value-add opportunities across real estate asset classes in all major markets throughout Canada.

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How to avoid problems when repositioning hotel properties

GUEST COLUMN: The Canadian real estate industry has experienced a robust hotel and hospitality market renaissance over the past decade. As a result, there has been a corresponding increase in demand on the part of investors — from large institutional equity firms to independent operators — looking to purchase aging or under-performing hotel properties.

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Six months ago: Tour des Canadians 3 condos launch in Montreal

The Montreal Canadiens are having trouble scoring goals but the team has scored a hat trick when it comes to branded condominiums. The close-to-$150 million Tour des Canadiens 3 condominium development has been launched near the Bell Centre in downtown Montreal, the third condo tower in the proposed $2 billion Quad Windsor venture.

Property Biz Canada

One year ago: New era for Vancouver First Nations developers

Despite the emergence of massive First Nation development organizations in the Lower Mainland, partnerships with local developers remain in their “infancy,” says the head of the Tsawwassen First Nations Economic Development Corp. “There remain lots of opportunities, but there is a real steep learning curve in terms of how to deal with First Nations…”

Property Biz Canada

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