JLL Canada’s dramatic growth continues in 2018

JLL Canada’s dramatic growth continues in 2018

JLL Canada has grown by 1,000 per cent, from both employee and revenue perspectives, since Brett Miller was named chief executive officer and the multinational corporation’s global board decided to increase investment in Canada in 2012. “There was a very methodical business plan that we followed through on,” said Miller of JLL Canada’s growth, which has come both from within its own ranks, as well as acquisitions.

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Companies crave larger Vancouver industrial spaces: Beedie

Companies in Metro Vancouver are seeking ever-larger footprints as the region’s “mind-boggling” industrial market vacancy remains tight and land prices continue to soar, says the president of Beedie Industrial. “It seems that anyone with a significant ecommerce presence is looking around,” Todd Yuen told RENX in an interview.

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Toronto, GTA major focus for RioCan’s redevelopments

RioCan REIT completed 119,000 square feet of development in the second quarter, and there’s plenty more to come over the next few years as it further unlocks the intrinsic value of its properties. “Overall, RioCan is focused on developing mixed-use, transit-orientated properties in Canada’s major markets,” said Terri Andrianopoulos of RioCan.

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Metcalfe Realty guts Ottawa office building for Nav Canada

A downtown Ottawa office building is getting a two-year makeover to accommodate a major new tenant, plus a re-allocation of some of the space on its lower levels. Nav Canada will move in to the Burnside Building at 151 Slater St., according to the Avison Young mid-2018 office report.

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Bid dropped, Pure Multi-Family ends sale process

Pure Multi-Family REIT LP (RUF-U-X) has terminated its potential sale after the lone remaining suitor dropped its bid this week. The process began back in April following two unsolicited takeover offers by U.S.-based multi-residential investor Electra America.

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Canadian commercial real estate: An investor’s best-kept secret?

At a time when it appears politics is just another reality TV show, it seems too many people are willing to resort to hyperbole and make extravagant promises in bids to boost their egos. Few industries are immune from individuals who promise but don’t deliver, and that is true in all aspects of investing.

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One year ago: CF Sherway Gardens completes $550M redevelopment

The final phase of CF Sherway Gardens’ $550-million redevelopment, one of the largest Cadillac Fairview projects in recent history, will officially open on Aug. 29. “Our goal is to heighten the journey for our customers at every moment by continuing to innovate the shopping experience,” said CF Sherway Gardens general manager Andy Traynor.

Property Biz Canada

Six months ago: Hong Kong’s Aoyuan builds in Toronto, Vancouver

Hong Kong’s Aoyuan Property Group went international for the first time with a development in Sydney, Australia in 2015. Now it has projects planned for Vancouver and Toronto. “It seemed like a logical extension from the market in Sydney, that’s very similar in a lot of ways,” said Fan Yang of Aoyuan Property Holdings (Canada) Ltd.

Property Biz Canada

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