Slate to add to rapidly growing Calgary office portfolio

Slate to add to rapidly growing Calgary office portfolio

Slate Asset Management has a renewed interest in the Calgary commercial real estate market, and has returned to the city in a big way in recent months. Brian Bastable, Slate’s chief operating officer, told RENX it has purchased 24 properties in Calgary – primarily downtown office buildings – in the past 18 months and there is more to come.

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Partners REIT might be about to sell assets, shut down

Management of Partners REIT has called a meeting of shareholders on Dec. 10 to seek permission to consider selling its assets and winding up the REIT. Partners also announced it has closed the sale of nine of its 10 remaining properties in Western Canada, and continues to seek purchasers for its 11 retail properties in Quebec.

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Devimco to build condos atop Montreal’s historic Sportif MAA

Devimco Immobilier will spend $150 million to build a 31-storey condominium building atop the historic Club Sportif MAA (formerly the Montreal Amateur Athletic Association) and to restore the 137-year-old sports club. The developer has purchased air rights to build 306 condo units.

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Urban tech powers downtown Ottawa office revival

A major cultural shift going on in downtown Ottawa is having a positive impact on the city’s office market. An influx of urban tech tenants, new developments, the looming impact of LRT and federal government leasing prospects were among subjects discussed by panelists exploring the transformation at the Ottawa Real Estate Conference on Oct. 16.

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AGF moving Toronto head office to CIBC Square

AGF Management Limited is the latest firm to announce it will relocate its Canadian headquarters to CIBC Square, a two-tower office complex under construction in downtown Toronto. It will occupy 97,000 square feet on the 38th-40th floors at 81 Bay Street, the first tower of the project.

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Podium builds student housing from Ontario to Florida

Podium Developments has completed 16 urban infill projects in Ontario and it’s busier than ever with several more on the go at various stages. “Podium Developments was founded in 2004 after an identification of a gap in the development, construction and management of purpose-built student housing,” said managing director Bernard Luttmer. “Since that time, Podium has added the development and construction of market housing, including condominiums.”

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Six months ago: Saskatoon set for wave of high-end office space

Saskatoon’s business tenants will soon have an opportunity to shift from aging office stock into an inventory flush with new high-end work spaces, as several new projects get underway in the mining office hub. “We haven’t seen major new office buildings built for quite some time,” said Tom McClocklin, the president and managing director of Colliers International Saskatchewan in Saskatoon.

Property Biz Canada

One year ago: GTA office sales bolster record CRE investment

Commercial real estate investment in the Greater Toronto Area (GTA) is on pace to set a record this year after $4.6 billion in transactions took place in the third quarter. Avison Young, in a new report, says the level of activity, bolstered by strong investor interest in office buildings, was 12 per cent higher than the previous quarter.

Property Biz Canada

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