Small businesses snap up downtown Calgary offices

Small businesses snap up downtown Calgary offices

Soaring vacancy and plunging leasing costs in Calgary’s downtown office market have opened the door for many companies to set up shop in the core – an opportunity they would not have had when the city’s economy was booming. “It’s not that you’re not able to (move downtown). It’s that when oil was at $100 it was a bad business decision to try and compete with the oil companies for the space…” says Timothy O’Hara, who with partner Louise Campbell moved their law firm office into the heart of the city.

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EstWest condos part of downtown Montreal development

East meeting west is proving a winning formula for Devimco Immobilier’s condominium project in its Square Children’s mixed-use development. The developer has sold more than 95 per cent of the 307 condos in EstWest’s Est tower on the former site of the Montreal Children’s Hospital in downtown Montreal. As a result, it will move up sales of the second phase, the 320-unit West tower. The $400-million Square Children’s site will eventually include about 1,400 residential units.

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Rachel Julien condos overlook Montreal’s entertainment district

A luxury $125-million condominium project in Montreal’s Quartier des Spectacles entertainment district is attracting empty nesters and international buyers seeking a pied-à-terre with its promise they won’t “miss any of the show.” Phase II of Rachel Julien’s Laurent & Clark project has kicked off with 175 condos in a 25-storey glass tower. It joins Phase I, a 159 unit, 21-storey tower that launched last May and is 95 per cent sold.

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TOBY winner profile: Cloverdale Mall in Toronto

Etobicoke’s Cloverdale Mall marked its 60th anniversary this year and also celebrated a Building Owners and Managers Association (BOMA) of Canada TOBY Award for best retail building. “Since 2009, we have continuously held a Platinum BOMA BEST certification, which is the most prestigious designation available through the program,” said Anne Vit, retail services general manager for Bentall Kennedy.

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Community plazas thrive when they look good

“Don’t judge a book by its cover” is a phrase you’ve heard many times, but when it comes to plazas appearances do make a difference. For potential tenants, few things raise a red flag quite like seeing litter in a car park, or over-filled garbage containers. First impressions are important and can have lasting consequences.

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Six months ago: Montreal industrial sector a ‘landlords’ market’

Montreal’s industrial real estate market has become a landlords’ market for the first time in at least 20 years and its office sector is on its way to following suit, says Avi Krispine, managing director of CBRE Quebec. “The market in Montreal is looking very healthy in the next three years,” he says. “We’re in a great place right now.”

Property Biz Canada

One year ago: Vancouver’s new Evergreen Line boosts suburbs

The opening of Metro Vancouver’s Evergreen Line SkyTrain extension last week will boost high-density development at the line’s suburban stations, making the Tri-Cities region more attractive to developers and new residents, say local experts and stakeholders.

Property Biz Canada

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