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CRE

CIBC celebrates milestone as final phase of construction underway at CIBC SQUARE’s 81 Bay…

Building Jan 10, 2020

Representatives from CIBC, EllisDon, Ivanhoé Cambridge and Hines raised a ceremonial last steel beam at 81 Bay Street on January 8th. The event marks the final phase of construction for the first of two office buildings that will become…

Real Estate

Lowe’s to close 34 “underperforming” stores across six provinces, vexing Quebec

Christopher Reynolds – THE CANADIAN PRESS Nov 22, 2019

Lowe's Companies Inc. said Wednesday it will close 34 ''underperforming'' stores across six provinces as part of a restructuring of its Canadian business, raising hackles in Quebec over the fate of local hardware mainstay Rona.The…

Real Estate

WeWork cuts nearly 20% of workforce in restructuring effort

Alexandra Olson – THE ASSOCIATED PRESS Nov 21, 2019

NEW YORK – WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left the office-sharing company on the brink of bankruptcy.WeWork said…

Real Estate

WeWork shelves plan for IPO, tries to rebuild battered image

Alexandra Olson And Stan Choe – THE ASSOCIATED PRESS Sep 30, 2019

NEW YORK – WeWork's new leaders shelved plans to enter the stock market Monday as they sought to repair the battered image of a company that appeared to revolutionize the office-rental industry and was poised just weeks ago to go public…

Real Estate

Sandy Shindleman, CRE, Reports Infrastructure and Housing Lead Top Ten Issues Affecting Real Estate

Building Jul 15, 2019

Sandy Shindleman, President of commercial real estate firm Shindico Realty Inc., and the international organization of commercial property professionals, The Counselors of Real Estate (CRE), have shared emerging issues that are expected to…

Building

‘Reverse migration’ dents Calgary’s daunting downtown office vacancy rate

The Canadian Press Apr 20, 2019

CALGARY – Colliers International says a rising trend of ``reverse migration'' is starting to bring office tenants back into Calgary's core, resulting in a decline in the downtown vacancy rate during the first three months of the year.…

Building

Menkes Announces Office Portfolio is now 100 Percent LEED certified

Building Mar 28, 2019

Menkes Developments Ltd. has announced that five buildings at the premier AeroCentre complex have achieved Leadership in Energy and Environmental Design (LEED) Gold certification from the Canada Green Building Council (CaGBC). With this…

Building

Legal pot spurs demand for commercial real estate, particularly in Alberta

Armina Ligaya, THE CANADIAN PRESS May 16, 2018

Canada's impending legalization of marijuana is spurring demand for commercial real estate, particularly for retail shops in Alberta, where the government is selecting private operators to conduct over-the-counter sales, industry players…

Building

Facilities Management Software – A Key to Opening Property Communications

Tim Schmitt Apr 12, 2018

How advancements in facilities management technology have improved organizational communication and can help businesses reduce maintenance costs while improving occupant satisfaction, building efficiency, and productivity.

Building

Avison Young releases year-end 2017 BC real estate investment review

Building Mar 21, 2018

According to new analysis from Avison Young, BC commercial real estate investment activity and dollar volume achieved new heights in 2017 with the disposition of 230 office, industrial and retail properties valued at $7.5 billion during…

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