Builders cautious, Montreal’s industrial sector in a bind

Builders cautious, Montreal’s industrial sector in a bind

Industrial vacancy rates in Montreal are in a freefall and the situation won’t change until a significant amount of speculative building takes place. That’s the opinion of industry experts who discussed industrial leasing during the Montreal Real Estate Strategy and Leasing Conference on Oct. 30.

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Innovative Upbrella to be used in Montreal hotel project

When the Hôtel Le Germain Montreal begins work to add six new floors atop its 17-storey downtown Montreal hotel, the construction system used will likely turn heads. Instead of a traditional crane, the additional storeys will be built with the use of innovative crane-less technology devised by Upbrella Construction.

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The Winslow Devron’s new T.O. boutique condo

Devron Developments is targeting homeowners looking to downsize in Toronto’s Lawrence Park with its new boutique condominium, The Winslow. “We focus on custom-tailoring developments to that neighbourhood and the demographic community in that neighbourhood,” said Devron COO Pouyan Safapour.

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Ottawa student housing building acquired by ASH REIT

Alignvest Student Housing REIT (ASH) has an agreement to acquire its second property, a former hotel converted into a 357-bed student accommodation at 111 Cooper St., in Ottawa. Financial terms were not released, but Alignvest said the two properties combine to bring its asset value to $125 million.

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Starlight Investments Capital creates ‘unique’ new fund

Starlight Investments Capital’s new Starlight Hybrid Global Real Assets Trust will help fill a niche in the marketplace by giving retail investors access to a type of fund usually accessible only to institutions, says Starlight Capital’s CEO and CIO Dennis Mitchell.

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WiredScore marks one year in Canada with KingSett

SPONSORED CONTENT: WiredScore, the company behind the international standard for rating Internet connectivity in commercial buildings, has made major strides since it launched with Toronto as its first Canadian flagship market in October 2017. WiredScore announced an $11.6-million Series A capital raise from leading commercial real estate investors — including KingSett Capital, Legal & General, U+I, Town Centre Securities, MOMENI Digital Ventures and Savitt Partners — this week. The investment group has been supported by a recommitment from WiredScore’s existing investors: Bessemer Venture Partners, Fifth Wall and Sterling.VC.

WiredScore

Successful first year for Saskatoon’s Remai Modern

Say what you like about it, but more than 450,000 people fed their curiosity and took in Saskatoon’s new public art gallery, the Remai Modern, during the past year. That’s more people than comprise the proper City of Saskatoon population (which stood at 246,376 according to 2016 census data).

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Six months ago: Two JVs to build 2,200 apartments in Toronto

Two joint ventures have been formed to construct about 2,200 apartments in Toronto — 30 per cent of them designated as affordable housing — the developers announced on Friday. The projects also incorporate retail and possibly office space. The projects involve six investors and will be constructed on the West Don Lands, as well as at Grosvenor and Grenville streets.

Property Biz Canada

One year ago: Suburban office vacancy rates drop

Vacancy rates have declined in all major suburban office markets in Canada and the children of baby boomers might be to blame, says Craig Hennigar, the Vancouver-based national research director of Colliers International. “That group is between 25 and 44 years old and they’re aging into a different stage of life,” Hennigar told RENX in an interview.

Property Biz Canada

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