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Tech powers new Vancouver Centre II tower to Digie Award
Tech powers new Vancouver Centre II tower to Digie Award
Vancouver Centre II (VCII), one of Vancouver’s newest office towers, has won an intelligent building award thanks to a package of technologies aimed at improving building performance and tenant experience.
Mitsui High-tec to add $102M facility to Ontario HQ
Auto parts manufacturer Mitsui High-tec (Canada) Inc. has become the latest company to invest in Ontario's burgeoning electric vehicle sector, announcing a $102.3 million expansion at its Brantford headquarters to produce EV motor cores.
Caisse may convert ex-hospital site to campus
A study by the Caisse de dépôt et placement du Québec will determine the feasibility of converting part of the former Royal Victoria Hospital site into an inter-university campus, including student residences, a research hub and local shops and offices.
RENX vacation week July 3-7
TO OUR VALUED READERS: RENX staff will be taking a break for a hard-earned vacation during the week of July 3-7.
Vancouver-based Bosa expands to the U.S.
Another major Vancouver-based real estate developer is making a big push into the United States, in an effort to diversify its business. Bosa Properties announced it has created the new subsidiary of IPB Properties for its American expansion.
Nanaimo seeks developers for vacant downtown lots
A fire-ravaged lot in the heart of downtown Nanaimo and two other lots in the Old City Quarter are being offered up by the city to encourage commercial and residential development in the core.
20-storey Victoria hotel still on-track: Merchant House
The 20-storey, 128-room Montrose Wintergarden/Spire Hotel at 780-798 Fort St. in Victoria may not be moving forward as quickly as expected, but it remains an active proposal, according to Victoria-based developer Merchant House Capital.
Lower Mainland CRE sales drop 58.1% Y-O-Y
There were 273 commercial real estate sales in B.C.'s Lower Mainland in Q1 2023, a 58.1 per cent decrease from Q1 2022, according to data from Commercial Edge, a system operated by the Real Estate Board of Greater Vancouver.
Oshawa roller rink may give way for 22-storey mixed-use
Planner GHD has proposed on behalf of owner 2702758 Ontario Ltd., that a 22-storey mixed-use would replace an old roller rink in downtown Oshawa. The Jet-designed tower would include 220 apartment units and 4,467 square feet of commercial space.
EC, EfficiencyOne fund deep-carbon retrofits
Energy-as-a-service company Efficiency Capital (EC) has partnered with Dartmouth, N.S.,-based EfficiencyOne to provide funding for energy efficiency and net-zero retrofits to building owners. EC also partnered with the Alberta Ecotrust Foundation to help fund retrofits in Calgary and Edmonton.
Real estate podcasts
Mitchell Blaine, JLL: The rise of SW Ontario, CRE Podcast
Rosemary Feenan, QuadReal: Analyzing nuances in investment, CRE Podcast
David McGuinness, Motorola Solutions: Improving customer experience through building access: Tenant Experience Network
$906M wiped from value of Canary Wharf office portfolio
The value of Canary Wharf Group’s office investment portfolio fell by around 10% last year, while its retail and rented residential assets proved resilient. The holding company owning Canary Wharf Group is owned by Brookfield and the Qatar Investment Authority.
U.S. regulators ask lenders to help firms with CRE stress
The top U.S. bank regulators are asking lenders to work with credit-worthy borrowers facing stress in the CRE market. Property owners have come under pressure as borrowing costs soared, causing companies including Brookfield Corp. to default on debt.
Data centre investors staying on the sidelines
Data centre sales are up after two lean quarters, but experts don’t expect a return to record volume any time soon. Sales of data centre assets all but ground to a halt in late 2022 and through Q1 2023.
CPP, Cinven prepare for Hotelbeds IPO: Report
CPP Investments and buyout fund Cinven have reportedly hired Morgan Stanley and Evercore to prepare an IPO for Palma de Mallorca-based Hotelbeds, which sells hotel rooms to wholesale customers and is worth up to $9.24 billion Cdn.
Edenshaw tops off Westport Condos in Port Credit
Edenshaw Developments' Westport Condos project recently topped off at its final height of 22 storeys above Park and Ann Streets in Mississauga's Port Credit neighbourhood. The Arcadis-designed tower will include 360 residential units.
Homebuilding costs have soared 51% since Q1 2020: RBC
A gauge of residential construction prices has risen 51 per cent since the first quarter of 2020, outpacing the 13 per cent gain for the consumer price index, Royal Bank of Canada economists said in a report published Wednesday.
Van. approves time-limited tax exemption for unsold condos
Vancouver council approved a time-limited exemption from the empty homes tax on unsold condos Wednesday, meaning any homes that were empty for years before 2022 would still be hit by the tax.
Vancouver startup tackles real estate money laundering
Vancouver startup Iluminai Intelligence is tracing the money that flows into the real estate industry and flagging any suspicious activity to help real estate agents detect and avoid money laundering-related transactions.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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