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Vancouver Innovation District to spawn new lab, tech spaces

1 year ago

Vancouver Innovation District to spawn new lab, tech spaces

More than 1.7 million square feet of technology and life-science office space is expected to be delivered in Vancouver's False Creek Flats and Mount Pleasant neighbourhoods in the next three to five years.

Europro converting Kitchener office building to residential

Europro is converting a 12-storey, 95,856-square-foot office building at 22 Frederick St. in downtown Kitchener to a purpose-built rental tower with more than 90 units.

U of Waterloo's Velocity moving into Kitchener building

Velocity, the University of Waterloo’s startup incubator, will have a new home as the primary tenant of the soon-to-be-developed Innovation Arena in downtown Kitchener, Ont. Construction on the 90,000-square-foot, two-storey building in the city’s Innovation District began in April.

Turning offices into apartments no simple task: Developers

Many looking for a solution to the housing shortage in northern Ontario are looking to empty office buildings in downtown cores. However, those crunching the numbers - including Sudbury-based broker Chris Tammi - say they often don't add up.

Coho opens two new locations in Vancouver

Coho Collective Kitchens Inc. (COHO-X), a CRE and food technology company that provides private and shared kitchen and food production space, announced the opening of two new facilities in Vancouver:  19,932-square-foot Coho Pandora and 3,896-square-foot Coho Hastings.

Understanding the three ways to invest in apartments

Investing in multi-family real estate can be divided into three categories: value add, newly constructed and development. Learn about the three ways to invest in apartments and why having a mix of all three in your portfolio is important.

Sponsored by: Equiton

Saskatchewan offers edge for triple-net investors

Marcus & Millichap, Vancouver, found that, for single-tenant, triple-net commercial real estate - where a single tenant pays the full expenses of the property - Saskatchewan offers investors higher returns at lower purchase prices, relative to both B.C .and Alberta. 

Plaza's 4-building proposal resubmitted with shorter heights

Plaza Partners’ proposed BDP Quadrangle-designed redevelopment of 2-6 The Donway East in the Don Mills community has been resubmitted with shorter building heights: from 32, 28, 24, and 16 storeys to 29, 25, 24, and 12 storeys.

Stellantis makes counter-offer on EV battery plant deal

Stellantis has made a counter-offer on federal subsidies as Ottawa scrambles to salvage a Windsor EV battery plant. Sources said Stellantis has tempered its demands for more public money for its joint venture with LG Energy Solution.

Decision on Vancouver Chinatown condos delayed

The controversy surrounding Beedie's nine-storey condo development at 105 Keefer St. in  Chinatown is no closer to being resolved as Vancouver’s development permit board has delayed its decision until next month. Another session has been scheduled for June 12.

Michael Medline dishes on life as Empire CEO

When he grabbed the controls of Empire Co. (EMP-A-T) at the beginning of 2017, Michael Medline knew he had a challenge ahead. He was a hard- and soft-goods retailer from Canadian Tire with no experience as a grocer.

Oxford sells Boston biomanufacturing facility for US$91M

Oxford Properties Group today announced the sale of 149 Hayes Memorial Dr., a newly built, 140,000-square-foot state-of-the-art biomanufacturing facility in the Boston submarket of Marlborough for US$91 million to Cambridge, Mass.-based leading biotechnology company Moderna.

Canary Wharf debt downgrade latest sign of woes

Canary Wharf, owned by Brookfield and Qatar Investment Authority, became the latest symbol of the global real estate downturn, with Moody’s downgrading the debt of the landlord and forecasting a challenging funding environment for at least the next year.

CRE sector should improve in next two years: ULI

As concerns about a recession grow and headwinds for some CRE investors turn into downturns, the Urban Land Institute’s latest semi-annual Real Estate Economic Forecast predicts GDP growth and CRE transaction volume will be exceeding their long-term averages by 2025.

Real estate is raising its data game

Corporate real estate professionals grappling with a raft of complex challenges are increasingly turning to technology for solutions. However, it’s new ground for many of them, who are having to quickly get to grips with proptech solutions.

Ottawa looks to speed up planning approvals

Under threat of new provincial financial penalties, the City of Ottawa is aiming to speed up planning project approvals by raising fees charged to developers to pay for more staff, holding more meetings and introducing a multi-tiered pre-consultation process.

Young adults investing in income properties before own homes

As many GTA residents struggle to afford one home, a new report from Royal LePage reveals younger adults are often buying investment properties before they purchase a place to live in themselves.

Quebec tenants group launches Airbnb website tool

A group of organizations defending the rights of tenants is launching a website listing all Airbnb-type rental offers in Quebec to quantify how many of these accommodations are offered on the tourist market, sometimes illegally, to the detriment of tenants.

Transition to a denser Vancouver has some renters worried

ANALYSIS: When the Broadway Plan was announced a year ago, the immediate concern for housing advocates was the plan to significantly densify 500 city blocks that contain one-quarter of Vancouver’s rental stock.

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