The Bow front and centre on Calgary sublease market

The Bow front and centre on Calgary sublease market

When the Bow tower was built in 2012 in the heart of Calgary, it was a symbol to the rest of the world the city was an economic powerhouse. The just under two-million-square-foot, 58-storey skyscraper, the tallest one west of Toronto at the time, was Encana’s signature headquarters building in the oilpatch, illustrating the company’s success and the city’s stature on the global energy front.

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Canadian hotel market remains strong: Colliers

The Canadian hotel industry is still firing on all cylinders, having gained strength in each year but one in the current cycle that began in 2011. “Several factors beyond regular buyer-seller-lender dynamics have come into play that have dramatically enhanced the appeal of the country’s lodging sector and provided promise for continued activity,” said Colliers International hotels senior analyst Fraser Macdonald.

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Montreal’s Olympic Stadium Tower becomes office space

Montreal’s Olympic Stadium tower is getting a new lease on life – literally – with new commercial office space inside the inclined structure being leased for the first time. It’s the first time that space inside the tower is being used for any purpose since it was completed in 1987, 11 years after the 1976 Olympic Games. (Only the base of the tower was completed for the Olympics.)

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InterRent, Trinity, PBC JV on major Ottawa development

InterRent Real Estate Investment Trust has announced a multi-use “transformational development” in downtown Ottawa at the junction of the city’s two new light rail transit (LRT) lines. InterRent purchased one-third of the approximately 3.6-acre site at 900 Albert Street for $14.2 million in a joint venture with Trinity Developments and PBC Real Estate Advisors Inc. Each of the partners holds a one-third interest in the development.

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Peak Power’s energy storage and savings system

Peak Power Inc. is receiving support from the private and public sectors for its platform to optimize energy storage systems to maximize benefits for building owners and utilities. “The combination of energy storage and machine learning and artificial intelligence is where Peak Power was formed to take advantage of those cones of opportunity,” said Peak Power chief executive officer Derek Lim Soo, who founded the firm in Toronto in 2015.

Sustainable Biz Canada

Six Months Ago: CT REIT caps busiest acquisition year

Despite president and CEO Ken Silver’s contention “that being a boring REIT is not a bad thing,” CT REIT has come off an uncharacteristically exciting year, racking up a total of 16 acquisitions, three developments and 10 intensifications in ongoing developments for a total cost of $598 million.

One year ago: Artis REIT’s future is more America, less Alberta

Eight months into 2016, it is fair to characterize the year as tumultuous and transformational for Artis REIT. The Winnipeg-based diversified real estate asset holder has been busy buying, selling, keeping a wary eye on the Alberta wildfires and began what became a very public effort to sell a stake in its Calgary office portfolio.

Property Biz Canada

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