Ottawa builder David Choo: ‘I am an entrepreneur’

Ottawa builder David Choo: ‘I am an entrepreneur’

David Choo didn’t set out to become one of Ottawa’s largest, most highly visible developers. However, even as a child he was inquisitive and driven. A born entrepreneur, he likes to say.

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Slate’s next growth area: multi-family development

Slate Asset Management is moving into the Canadian multi-family asset class with Toronto’s Junction House and two other planned developments. “We believe that many, and perhaps most, dense and growing urban markets operate at a continual housing supply deficit because of their land use constraints,” said vice-president of development Brandon Donnelly.

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People Space: Kenney CAPREIT’s new prez, roles shift at Crombie…

Canadian Apartment Properties Real Estate Investment Trust has added the title of president to Mark Kenney’s current position as chief operating officer. “Today’s announcement supports the board of trustees’ succession planning process and facilitates CAPREIT’s strategy to increase unitholder value,” said Michael Stein, chairman of the board, in a release.

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Canadian Tire, CT REIT raising $300M through share offerings

Canadian Tire Corporation and CT REIT will issue up to $300 million in shares to help fund its growing expansion, acquisitions and development plans. The offerings represent a 7.4 per cent effective interest in CT REIT, leaving Canadian Tire Corporation (CTC) owning approximately 75.1 per cent of shares if the offerings, plus a 10 per cent overallotment provision, are fully exercised.

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Embracing Power over Ethernet technology

As occupants of The Edge office building in Amsterdam approach the parking garage, cameras recognize their car license plates and grant access. A mobile phone app then directs them to their individually assigned work stations, the location of which can vary from day to day. Welcome to Power over Ethernet technology.

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10 questions to ask if you’re considering a career in CRE

You might be in your last year of university and considering your career options, or have just come to the realization that your current professional path is not going to be your life work. The idea of a career in commercial real estate sales is appealing. What’s your next step?

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Canada’s BOMA Best expands into Mexico

BOMA Canada is introducing its BOMA BEST program to Mexico in partnership with BOMA Mexico, and more international expansion is in the works. “We’ve had such high take-up that we’re recognizing that the next frontier lies outside the borders of this country,” said Benjamin Shinewald, president and CEO for BOMA Canada.

Sustainable Biz Canada

Six months ago: Edmonton’s downtown study in transformation

The move to rejuvenate downtown cores is evident in many cities, but few could boast as much activity, for their relative size, as Edmonton. Home to just under a million people, the city is awash in both cranes and surveyors these days. If you wanted to study a downtown in transition, this might not be a bad place to start.

Property Biz Canada

One year ago: Downtown Vancouver office space ‘landlord’s market’

Downtown Vancouver is entering an extended period without any major office tower openings, even as demand for workspace continues to rise, say local commercial property stakeholders. The downtown office vacancy rate is forecast to drop below five per cent, with no new buildings expected in the next three years, said Jeff Rank, a senior vice-president of leasing with QuadReal.

Property Biz Canada

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