Allied’s Emory focused on The Well, but has plenty on the go

Allied’s Emory focused on The Well, but has plenty on the go

Allied Properties Real Estate Investment Trust president and chief executive officer Michael Emory says pre-leasing the office component of The Well is the company’s top priority, but a number of other projects are also keeping him busy. “There’s no end of opportunities,” Emory told RENX in an interview.

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Former PIRET CEO Kevan Gorrie to take over at Granite

With his work at PIRET complete, Kevan Gorrie is moving on to a new challenge as chief executive officer of Granite REIT. Gorrie, who guided Pure Industrial Real Estate Trust as it grew into one of the most aggressive and rapidly growing entities in the sector, will take over on August 1. He will replace retiring Granite CEO Michael Forsayeth.

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Cadillac Fairview buys 100 per cent of Ritz-Carlton Toronto

Updated with comment from CF: Cadillac Fairview has acquired full ownership of The Ritz-Carlton, Toronto hotel from Simcoe Wellington Hotel Ltd. Partnership, its former partner in the flagship downtown property. Cadillac Fairview told RENX it purchased the remaining 60 per cent which is did not already own, via this transaction.

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Time Out Market coming to Canada, at Eaton Centre Montreal

Add Montreal to the list of major North American Cities which will soon host a Time Out Market. However, unlike the original foodie haunt in Lisbon, Portugal, this Time Out will be housed in a downtown shopping centre, Ivanhoé Cambridge’s Eaton Centre Montreal.

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Major facelift for Burlington Mall’s 50th anniversary

Burlington Mall has reached the half-century mark and is undergoing renovations to set it up for another 50 years. “Burlington Mall is a road map for the way community malls can evolve and thrive both in the current climate and in the long term,” said general manager Heidi McGaw.

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CaGBC event examines green building issues

Recent Canadian experiences in advanced green building projects were discussed at a May 17 Canada Green Building Council breakfast event at Toronto’s Fairmont Royal York hotel. Luka Matutinovic, WSP’s director of national performance, analysis, sustainability and energy, talked about strategies for delivering proven performance through energy modeling, measurement and verification (M&V) and commissioning.

Sustainable Biz Canada

Six months ago: Blackstone CEO: Tech drives CRE

When Jonathan Gray talks, everyone else stops. And listens. The global head of real estate for U.S.-based Blackstone, who oversees the world’s largest assemblage of commercial real estate (assets worth $244 billion Cdn) spent an hour Wednesday in Toronto offering insights into building and expanding successful CRE portfolios.

Property Biz Canada

One year ago: Vancouver office market hungry for new buildings

Modern office space is becoming harder to find in Vancouver, which may spur some developers to try to accelerate projects in the planning and permitting stages. “Demand is getting stronger and supply is constrained,” said Michael Wright, vice-president of Newmark Knight Frank Devencore.

Property Biz Canada

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