Hong Kong’s Aoyuan has big plans in Vancouver, Toronto

Hong Kong’s Aoyuan has big plans in Vancouver, Toronto

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 Aoyuan Property Holdings (Canada) Ltd. eastern Canada deputy general manager Fan Yang. “They’re very stable and secure markets with potential for growth.”

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Oxford reveals plan for 60-storey The HUB in Toronto

Oxford Properties has released the first details of its plans for its prime 30 Bay St., property in downtown Toronto. The HUB is proposed as a 1.4 million square foot office tower up to 60 storeys high. UK-based architects Rogers Stirk Harbour + Partners was chosen by Oxford to design the striking new structure. It is named after the tower’s proximity to the Toronto Harbour, the Union Station transportation hub and Bay St.

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Gateway to sell, lease back three Vancouver-area casinos

UPDATED with additional financial details: Gateway Casinos & Entertainment Ltd., is selling three Vancouver-area casinos in a sale/leaseback transaction to U.S.-based Mesirow Realty Sale-Leaseback, Inc. for in excess of $500 million. The properties include the Grand Villa Casino Burnaby, Starlight Casino New Westminster and Cascades Casino Langley.

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PC Urban to offer industrial condos in Calgary

A 5.6-acre business park in central Calgary will be converted into industrial condos by Vancouver-based developer PC Urban Properties Corp. The company plans to renovate two aging industrial buildings, comprising 111,000 square feet, into a refurbished business park where companies can own their own spaces.

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Canada to get its first net-positive energy office building

While GreenLife Del Ridge has emphasized small ecological footprints in its projects, president Dave de Sylva is going one step further. Howland Green Business Centre in Markham, Ont., at the marketing stage of development, will produce more energy than it uses, says the builder.

Sustainable Biz Canada

Where are all the female commercial real estate agents?

I ask this question because I believe women bring great value to our profession. It’s difficult to locate the current ratio of female/male licensed real estate agents in Canada. A quick look at Saskatoon as an example; of the 60 individuals who work full time in commercial real estate sales as licensed agents, 13 per cent are female.

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Six months ago: Morassutti on cap rates, foreign investment, Trump

As Canada’s economy gained strength through the first half of the year, national capitalization rates compressed across all sectors except hotels. That may be coming to an end, however, according to Paul Morassutti, executive managing director of CBRE Canada, which just issued its “Q2 2017 Canadian Cap Rates & Investment Insights” report.

Property Biz Canada

One year ago: Empty office tower ‘skews’ New West vacancy rate

The Metro Vancouver city of New Westminster is centrally located, with relatively affordable home prices, a compact downtown core, and well-connected to the region by two SkyTrain stations. It all adds up, presumably, to a strong office climate. Unfortunately, an empty Anvil Centre Office Tower hurts those numbers.

Property Biz Canada

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