TO industrial sale prices ‘unprecedented’: AY’s Hillis

TO industrial sale prices ‘unprecedented’: AY’s Hillis

David Hillis, who brings 33 years of industrial and office investment sales and leasing experience to his new role as Avison Young principal, has completed more than 1,100 industrial transactions in the Toronto market. With that type of background, the former CBRE senior vice-president has a solid perspective on what’s happening in the GTA.

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Oxford puts Ottawa Constitution Square up for sale

One of downtown Ottawa’s most significant office properties, Constitution Square, is up for sale according to a Colliers International report. The property came on the market late in the second quarter, and includes three Class A office towers linked by a retail podium, Colliers Q2 2017 Office Report states.

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Fast-growing tech sector drives Toronto office demand: CBRE

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.

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Dream Industrial updates strategy, buys Nashville site

Dream Industrial REIT has updated its investment strategy and announced its first U.S. property purchase, a 717,000 square foot, modern distribution facility in Nashville, Tenn. The REIT also plans to “actively leverage” its existing land bank and new industrial development group to explore development opportunities and further acquisitions.

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Indoor sports, rec facilities a growing CRE niche

Long winters, property owners and real estate brokers looking to repurpose vacant space, and enterprising recreational entrepreneurs are creating new opportunities for indoor sports facilities. B-Line Bike BMX centre in Calgary will be the latest to pop up when it opens in August.

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Cost and energy savings for Edmonton’s large buildings

SPONSORED CONTENT: Large building owners and managers in Edmonton are invited to register for the City of Edmonton’s Large Building Energy Reporting and Disclosure (LBERD) pilot program. The program will give participants important building energy performance information to help reduce operating costs and improve energy efficiency.

Learn more about the pilot program

Six months ago: REALPAC sheds light on massive closed-end funds sector

Closed-end funds are the deep sea creatures of the real estate world. Somewhat mysterious, rarely catalogued or reported on. REALpac has shed some light on the murky sector with its inaugural closed-end fund survey. The study examined 11 unnamed fund companies with total assets of $18 billion, a figure that surprised the association and its research team, said Michael Brooks, REALPAC’s chief executive.

Property Biz Canada

One year ago: AimCo cements WPT Industrial relationship with deal

Last month WPT Industrial REIT announced a large second investment in the trust by Alberta Investment Management Corporation (AIMCo) which raised its stake to approximately 30%. The deal to acquire approximately 10% of the trust’s shares was done to avoid tripping a poison pill shareholder rights agreement that was waived at the trust’s annual meeting this spring. It follows a deal in January by AIMCo to buy a 19.9% holding in WPT.

Property Biz Canada

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