‘State-of-the-art’ cold-storage facility Canada’s largest

‘State-of-the-art’ cold-storage facility Canada’s largest

VersaCold’s 572,192-square-foot facility in Milton, Ont., will be Canada’s largest temperature-sensitive warehouse once construction wraps up. “It was retrofitted within the four walls, but there was 280,000 square feet of temperature-controlled space which is now all freezer,” said Colliers International’s Dane Gilbert,

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University Studios student condos opens in Oshawa

Podium Developments and Building Capital recently celebrated the opening of 308 trademarked SmartStudios in their University Studios mixed-use student condominium in Oshawa, Ont. “University Studios was conceived through our existing knowledge of the specific location and competition around the campus at UOIT and Durham College in Oshawa,” said Podium managing director Bernard Luttmer.

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Morguard, partner buy Ottawa’s Jean Edmonds Towers

Morguard Corporation has purchased the Jean Edmonds Towers office complex in Ottawa with an unnamed institutional partner. The acquisition is the final piece in Morguard acquiring ownership interests in a full block of downtown Ottawa property. The 552,000 square foot complex is located at 300 Slater Street and 365 Laurier Avenue.

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Ottawa real estate investment ‘near-unprecedented’: Altus

These are heady days for the commercial and multi-residential real estate industry in Canada’s National Capital, a fact driven home by Altus Group’s Colin Johnston and Julianne Wright at the Ottawa Real Estate Forum on Tuesday. “The city is currently experiencing a near-unprecedented amount of real estate development and investment,” Wright said.

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Technology strategies for making buildings smarter

Property technology is making buildings smarter, and a recent RYCOM Corporation presentation offered insights into how owners and operators can best exploit it. “Smart innovation can transform engagement with a tenant, impact capital, operational costs and savings and the ability for staff to leverage tools and access to data,” said vice-president and GM Jennifer Sicillia.

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Saskatoon industrial vacancy drops in Q3 2018

Our quarterly market reports have just been released and we’re pleased to report the overall industrial vacancy rate is heading in the right direction! The increase in absorption over the last quarter has resulted in just over a 50-basis point decrease in vacancy from 7.5 per cent to 6.9 per cent.

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Yorkdale Shopping Centre parkades certified Parksmart

Two parkades at the Yorkdale Shopping Centre in Toronto, owned by Oxford Properties, are the first Canadian sites to be certified under the Green Business Certification Inc. Canada Parksmart sustainability program. Parksmart is designed to advance sustainable mobility through smarter parking structure design and operation.

Sustainable Biz Canada

Six months ago: Crestpoint, partners buy urban properties

Crestpoint Real Estate Investments Ltd. and its investment partners have been busy thus far in 2018, acquiring office and industrial properties worth more than $600 million in three major Canadian cities. The acquisitions in Greater Vancouver, Montreal and Toronto bring Crestpoint’s total gross asset value to approximately $3.5 billion.

Property Biz Canada

One year ago: Downtown Montreal office ‘never been stronger’

Record low office vacancy and rising rents in downtown Toronto could pave the way for better results in the suburbs, says an Avison Young report. “The ongoing trend of people and companies gravitating to urban locations has clearly narrowed the number of options available for tenants…” said AY’s Bill Argeropoulos.

Property Biz Canada

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