IQ Office Suites joins rush for Vancouver co-working space

IQ Office Suites joins rush for Vancouver co-working space

A Toronto-based office co-working company is expanding into downtown Vancouver, aiming to tap into an increasingly competitive market that’s dealing with plummeting vacancy rates. IQ Office Suites is renovating the entire 21st floor of the Royal Centre office tower at 1055 West Georgia Street in Vancouver’s financial district. “We have people moving in (this) week, on Nov. 1,” said Kane Willmott, the company’s co-founder.

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Suburban office vacancy rates drop: Colliers

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.

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Construction underway at The Reach in Kamloops

Ground broke on the first residential development at The Reach at Thompson Rivers University (TRU) in Kamloops, B.C. recently, and a second should start in the spring. The Cape Group just launched Creston House, a 57,000-square-foot, four-storey, 50-suite condominium that sold 40 per cent of its units in a month before construction began.

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Chartwell retirement home to anchor Quebec City mall

A shopping mall in a Quebec City suburb is being redeveloped and will include a new retirement residence as part of a $100-million mixed-use project. Chartwell Retirement Residences is spending $78.5 million to build a 360-unit retirement home in Cap-Rouge, a borough of Quebec City, while developer Immostar is redeveloping the 42-year-old Mail Cap-Rouge (Cap Rouge Mall).

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A whole new world: Understanding the value of CRE Tech

Today’s commercial real estate professionals are faced with an opportunity unlike anything that has come before – rapid innovation that will fundamentally change the way our industry operates. This explosion in CRE Tech has already been embraced by many early adopters who have started to incorporate the various technology solutions available into their daily operations.

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Anatomy of a commercial real estate brokerage

A recent trip by our Saskatoon ICR crew to Regina to experience the shiny new Mosaic Stadium and support our Riders led to an interesting piece of insight. It was sparked by a colleague’s account, as we also toured Regina’s new ICR office, of an earlier visit by another commercial real estate broker.

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Six months ago: Minto Place transaction big step in new direction

Minto Capital Management has sold 50 per cent of its ownership of Minto Place in Ottawa to Investors Real Property Fund. The transaction, announced Monday morning by the two companies, includes three Minto Place office towers comprising 945,030 square feet of leasable retail and office space.

Property Biz Canada

One year ago: Toronto condo site sells at the ‘right price’

Greybrook Realty Partners Inc. had big plans for its four-acre parcel of land on Toronto’s waterfront at 215 Lake Shore Boulevard East but an offer from Chinese real estate Greenland Group (Canada) turned out to be too good to turn down.

Property Biz Canada

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