LCRE partners on Burnaby’s The Amazing Brentwood

LCRE partners on Burnaby’s The Amazing Brentwood

Burnaby, B.C.’s The Amazing Brentwood, among the largest mixed-use projects underway in North America, has a new strategic development partner. Shape Properties and co-owner Healthcare of Ontario Pension Plan have brought on L Catterton Real Estate (LCRE), the real estate investment and development arm of L Catterton, the world’s largest consumer-focused private equity platform.

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Winnipeg office market quietly thriving

With so much positive activity happening on the office front in Toronto and Vancouver, and generally less positive news coming out of Calgary and Edmonton, it can be easy to overlook what’s happening in cities like Winnipeg. However, Cushman & Wakefield’s new global office forecast reveals that Manitoba’s capital ranks surprisingly high in certain categories on a worldwide scale.

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PSPC rolling out Smart Buildings technology nationally

Public Services and Procurement Canada (PSPC) will implement its Smart Buildings initiative to lower energy costs and greenhouse gas emissions in up to 100 buildings over the next three years. “As part of PSPC’s pilot project, the Smart Buildings technology has been installed in 13 PSPC buildings in the National Capital Region (NCR), including Connaught Building, R.H. Coats Building, Main Statistics Canada Building and the Health Protection Building,” said spokesman Mario Morneau.

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GTA residential land deals lead to record Q2 sales: Altus

The commercial real estate and land investment market in the Greater Toronto Area continues to boom, with 736 transactions valued at a record $6 billion during Q2 of 2017, according to a quarterly survey by Altus Group. Leading the way during the quarter were residential land transactions, with 25 per cent of the total transactions – including a record amount of what Altus terms “medium density transactions”.

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Residential land lease formula a success for Parkbridge

Homebuyers seeking a more affordable alternative to traditional market options as housing prices and mortgage rates increase, and personal savings levels remain challenged, might want to consider the land lease model. That’s the message from Parkbridge Lifestyle Communities, Canada’s largest private land lease developer and operator.

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Craft breweries: The next big thing

What do craft breweries and frozen yogurt have in common? Both industries enjoyed strong entry into our Saskatchewan market and made an impact in the commercial real estate landscape. The question is will craft breweries melt as quickly as the frozen yogurt competition did?

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Six months ago: Benchmark office deal closes in Montreal

GWL Realty Advisors and Investors Group have finalized their joint purchase of 1350-1360 René-Lévesque West in downtown Montreal from KanAm Grund Group. “To my knowledge, it is the largest real estate transaction in Quebec in 2016,” said Scott Speirs, executive vice-president of Jones Lang LaSalle.

Property Biz Canada

One year ago: Starlight poised for ‘aggressive and visible’ growth

A year after the formation of Northview Apartment REIT and the recent hiring of Raj Mehta as global head of private capital and partnerships, the stage is set for the next phase of Starlight Investments Ltd.’s evolution. “We feel that we need to be more systematic in how we raise capital to fuel this growth,” said Starlight president and CEO Daniel Drimmer.

Property Biz Canada

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