Espace C2: New ‘paradigm’ at Montreal’s Queen E hotel

Espace C2: New ‘paradigm’ at Montreal’s Queen E hotel

When the Fairmont The Queen Elizabeth hotel was recently renovated, owner Ivanhoé Cambridge decided to do away with the old penthouse suites on the top floor of the downtown Montreal hotel. The idea was “if we’re going to do something that changes the perspective of the hotel, we’re going to need to use the best floor,” says Jean Pelland of Sid Lee Architecture.

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The People Space: Big moves at PSP Investments, Regional, Chandos

This edition of The People Space features executive and senior manager announcements involving PSP Investments, Ottawa’s The Regional Group, Colliers International (Canada), EXIT Realty, Chandos Construction and more . . .

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Canadian cities rank high in attracting tech talent

Toronto remains North America’s fastest growing technology market, while Ottawa has the largest concentration of tech talent, according to CBRE’s annual “Scoring Tech Talent” report. “Relative to the U.S., Canada is a cost-effective place for technology companies to operate,” said CBRE Canada executive managing director Paul Morassutti, noting the low value of the Canadian dollar.

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Crown buys Pearson Corporate Centre in Etobicoke

Crown Realty Partners has acquired Pearson Corporate Centre in Etobicoke, Ont. from a Bentall Kennedy fund for $63.5 million. “We’re quite excited about Pearson Corporate Centre, given its location within the airport employment zone,” said Crown investments partner Emily Hanna.

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Toronto condo market: Will it follow Vancouver, N.Y. or Phoenix?

About 10 years ago, you’d often see new condo investor marketing pieces with projected unit carrying costs that would spell out the monthly mortgage payment, condo fee, taxes and expected rental rate at completion. At the time, there were complaints these investor-return projections shouldn’t be allowed, as forecasts for monthly $3-per-square-foot rents were absurd.

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Sometimes you have to spend a little to make a little (or more)

In commercial real estate there can be a variety of possible uses for a building depending upon its zoning. When a tenant vacates a space, it can be difficult to anticipate who might backfill them based on the uses for which the property is best suited. So, how do landlords decide if they should, or shouldn’t, spend money on a vacancy in order to get it leased up?

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Six months ago: After year of record land sales, GTA soars into 2018

Land sales and improved land sales both set all-time records in the Greater Toronto Area during 2017, part of a banner year for the region’s commercial real estate industry. Expectations also remain high for 2018, according to Altus Group Data Solutions senior director Matthew Boukall. He gave that rosy forecast in front of a large audience at Toronto’s Ritz-Carlton Ballroom on Jan. 26 as part of the company’s 10th annual state-of-the-market event.

Property Biz Canada

One year ago: LCRE partners on The Amazing Brentwood

Burnaby, B.C.’s The Amazing Brentwood, among the largest mixed-use projects underway in North America, has a new strategic development partner. Shape Properties and co-owner Healthcare of Ontario Pension Plan have brought on L Catterton Real Estate (LCRE), the real estate investment and development arm of L Catterton, the world’s largest consumer-focused private equity platform.

Property Biz Canada

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