Purpose-built rentals: Issues, strategy from apartment experts

Purpose-built rentals: Issues, strategy from apartment experts

Rising expenses, combined with increasing demand and a lack of supply, are putting the squeeze on Canadian apartment developers, owners and renters. That was the consensus opinion of five top real estate executives during a panel at the Toronto Real Estate Forum on Nov. 29.

Read more

Great Gulf enters D.C. market, wants to grow in U.S.

Toronto-based developer Great Gulf Group has entered the Washington, D.C. market in partnering with EDENS on a mixed-use project in the emerging Union Market District. “We’ve got strong employment metrics there and it’s the second largest office market in the U.S.,” said Great Gulf’s Geoff Matthews.

Read more

People Space: Board changes at Cominar, Delma’s new CEO

Cominar REIT announced further changes to its board of trustees, including the resignation of chairman Alban D’Amours who will not stand for re-election in 2019. The trust has a “board refreshment agreement” with shareholders FrontFour Capital Group LLC, Westdale Construction Co. Limited and K2 & Associates Investment Management Inc.

Read more

VTS adds Artis REIT, announces new marketplace

November was a month of significant accomplishments for leasing and asset management software firm VTS. Not only did it add Canadian real estate owner and manager Artis REIT to its fold, the New-York based firm also announced its VTS marketplace.

Read more

Real estate as a business investment

All commercial real estate deals have a factor of uniqueness which sets them apart from other investments. That said, there can be times when CRE is not only a real estate investment but also a business sale. There are two types of business-specific real estate that I’ve worked closely in: multi-family and hospitality.

Read more

9 amenities tenants love, that won’t cost you any space

SPONSORED CONTENT: Once solely a workspace, the office has become a new type of catalyst for productivity, blending business with lifestyle activities until buildings look more like a YMCA than places of commerce. Tenants want properties and amenities that engage and connect them to the world outside.

Read more

Six months ago: Former PIRET CEO Kevan Gorrie moves to Granite

With his work at PIRET complete, Kevan Gorrie is moving on to become chief executive officer of Granite REIT. Gorrie, who guided Pure Industrial Real Estate Trust as it grew into one of the most aggressive and rapidly growing entities in the sector, will take over on August 1. He will replace retiring Granite CEO Michael Forsayeth.

Property Biz Canada

One year ago: Réseau Sélection’s multi-generational mega-project

District Union, a $900-million, multi-residential mega-project in Terrebonne, near Montreal, has been launched by a subsidiary of retirement home developer Réseau Sélection. The multi-generational project will add 3,500 to 4,000 housing units aimed at people from all walks of life in its projected timeline of seven to 10 years.

Property Biz Canada

	RENX has surpassed 10,650 Twitter followers
	Long-time and active follower REALPAC is Canada’s senior national industry association for owners and managers of investment real estate.
	Follow RENXca, the most comprehensive news feed on Twitter for Canadian real estate professionals.