PCI, Low Tide build new wave of offices at False Creek Flats

PCI, Low Tide build new wave of offices at False Creek Flats

A massive amount of new office space is coming to Vancouver’s False Creek Flats area beginning with a development by PCI Developments and Low Tide Properties. Launching this spring is a seven-storey, 160,000-square-foot Class A structure at 565 Great Northern Way which is designed for the emerging digital media and creative sector. It is already 72 per cent pre-leased.

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Downtown Montreal ripe for new office tower: NKFD

Downtown Montreal’s office market remains favourable to tenants in terms of space availability, but chances are good a new tower will break ground this year, says Jean Laurin, president and CEO of the city’s Newmark Knight Frank Devencore office. That’s because large blocks of contiguous space greater than 50,000 square feet remain in demand and may be increasingly hard to find in the downtown core.

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Broccolini joins big leagues with $100M Montreal land buy

UPDATED: Broccolini’s $100-million purchase of an undeveloped property in downtown Montreal proves the developer is “becoming more and more of a force to contend with” in the city, says Roger Plamondon, the company’s president of real estate development and acquisitions. The purchase of the 135,000 square foot site on Robert-Bourassa Boulevard is being touted as the biggest single land deal ever in the city.

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Sienna buys 10 Ontario retirement residences

Sienna Senior Living Inc. will spend $382 million to purchase 10 private-pay retirement residences In the Toronto, Ottawa and southwestern Ontario regions, the company said Monday afternoon. Sienna said the transaction will grow its private-pay suite portfolio by 63 per cent and represent approximately 44 per cent of its pro forma NOI.

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BOMA Canada issues updated pandemic guide

Building Owner and Managers Association (BOMA) Canada has updated its pandemic guide that was first published for its members in response to 2003’s SARS outbreak in Toronto. “After a while it collected a bit of dust and we decided it was well past time to revisit it,” said BOMA Canada president and chief executive officer Benjamin Shinewald of the need for the new edition, which was sponsored by Citron Hygiene and Bazak Consulting.

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Retail strategies to survive, and thrive, in 2018

In the time it takes you to read this sentence you could have Googled “the power of innovation” and your search would have produced 3.82 million results in just 0.87 seconds. Collecting data has never been easier but knowing what to do with the information remains the challenge for most companies. A long-term strategy (anything more than six months) requires having a comprehensive understanding of likely trends and potential tipping points.

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Status quo for ENERGY STAR Portfolio Manager, for now

ENERGY STAR Portfolio Manager is still operating after the United States Senate approved a short-term spending measure on Monday to allow the government to reopen and be funded through Feb. 8. There had been fears from NRCan and the Canada Green Building Council the partial shutdown of U.S., government services could mean 2,500 Canadian buildings using the energy and water benchmarking tool would not be able to access their data.

Sustainable Biz Canada

Six months ago: Tech sector drives Toronto office demand

Toronto is North America’s fastest growing technology market, according to CBRE’s fifth annual Scoring Tech Talent Report, which shows Canada’s largest metropolis moving up six spots to No. 6 out of 50 cities. “We’ve had 30 per cent growth in the tech sector over the last five years and we added more jobs than San Francisco and New York City combined last year,” said Werner Dietl with CBRE Canada.

Property Biz Canada

One year ago: Benchmark Montreal office deal closes

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

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