• Impressive Results for PSP Investments

    The Public Sector Pension Investment Board (PSP Investments)  recorded an investment return of 16.3% for the fiscal year ended March 31, 2014 (fiscal year 2014). The solid overall performance was driven primarily by strong results in Public Market Equities as well as in the Private Equity, Renewable Resources, Real Estate and Infrastructure portfolios. The fiscal year 2014 investment return exceeded the Policy Portfolio return of 13.9%, representing $1.8 billion of value added over the benchmark return.

    July 18, 2014

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  • Mitchell Lofts partners with YMCA to create unique mixed-use Condo-Y Development in the Beaches

    Toronto loft and condominium developer, Mitchell Lofts, announced the official launch for Beech House, an exclusive 95-unit condominium in Toronto's Beach neighbourhood. Beech House located at 353 Beech Avenue across from the Glen Stewart Ravine in Toronto's Beach neighbourhood.

     
    Official Launch July 19 with occupancy planned for September 2017.

    July 18, 2014

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  • European banks to offload €584bn of non-core real estate

    Cushman & Wakefield’s Corporate Finance team estimates that European banks and asset management agencies have a gross exposure of €584 billion to non-core real estate which is subject to disposal or work-out strategies.

    July 17, 2014

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  • Zeidler Partnership Architects' Calgary office merges with BKDI Architects

    This merger represents a combination of a shared culture and complementary practice strengths and is a natural transition from Zeidler and BKDI's 15-year history of joint collaboration as a registered collaborative firm working in Alberta. This merger formally recognizes the blend of talents, joint philosophy and experience of a multi-jurisdictional professional practice. At this time, they are working with Cadillac Fairview on the 1.75 million square feet, mixed-use Calgary City Centre development. 

    July 17, 2014

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  • Hyundai Auto Canada Announces New National Dealership Image Program

    Hyundai Auto Canada Corp.  will be rolling-out a new look for its national dealer network to match the refined, sophisticated new vehicles the company will be introducing in the near future. The new Canadian facility design reflects a Global Dealership Space Identity (GDSI) initiative being introduced to all Hyundai .

    July 17, 2014

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  • Kevric reinforces its trendsetter reputation

    From funky to fashionable, Richard Hylands has a knack for spotting Cinderella properties and giving them the glass slipper treatment. In the process, he has consistently delivered what the market wants, by identifying and repurposing underused assets.

     

       From funky to fashionable, Richard Hylands has a knack for spotting Cinderella properties and giving them the glass slipper treatment. In the process, he has consistently delivered what the market wants, by identifying and repurposing underused assets.

    July 17, 2014

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  • It’s a great new corporate world, if you can keep up with it

    Emerging and maturing technologies are impacting the corporate work environment in exciting, sometimes staggering ways. Greater workplace mobility, the ‘quantified workplace’ (applying data analytics to the world of work) and the human cloud are just a few examples. “We’re seeing a more diverse array of complex offerings for any enterprise to consider, which requires some pretty skillful navigation,” says Peter Miscovich, Managing Director of Corporate Solutions with Jones Lang LaSalle.

    July 17, 2014

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  • Demographics Highlights :The Silver Lining of Aging Societies and its Impact on Real Estate

    Dr. Amlan Roy, Credit Suisse’s Head of Global Demographics and Pension Research, will highlight the silver lining of aging societies and its impact on real estate. See him at MIPIM Asia

    Follow this article to View Dr. Amlan Roy’s interview about “Demographic trends: reshaping the future” 

    July 16, 2014

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  • JLL Acquires Healthcare Project Management Leader CLEO Construction Management

     As owners of healthcare facilities increasingly pursue expansions and renovations to meet the growth demands of their patient communities, JLL is expanding its healthcare-focused real estate services by acquiring CLEO Construction Management (CLEO), a prominent construction project management services firm that specializes in medical facilities. The transaction will enable JLL, to provide a broader range of services to healthcare organizations and meet the growing needs of this real estate sector. The acquisition is scheduled to close later this month, subject to customary closing conditions.

    July 16, 2014

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  • BOMA's Experience Exchange Report Reveals Rising Office Incomes

    Widespread Densification Trend Reflected in Latest Data

    The Building Owners and Managers Association (BOMA) International, in collaboration with research firm Kingsley Associates, recently released the results of the 2014 Experience Exchange Report® (EER®), its annual benchmarking study, which showed increases across most income and expense categories for privately owned office buildings.
    Rental income increased 7.2 percent and overall income increased 7.4 percent in 2013 compared to 2012. Total operating and total operating plus fixed expenses saw increases of 5.3 percent and 5.6 percent, respectively. The upsurge in both income and expenses would indicate post-recession growth across commercial real estate properties.

    July 16, 2014

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  • First Capital Realty Victim of Mystery Shopper Scams

     First Capital Realty Inc.  Canada's leading owner, developer and manager of well-located, high quality, urban retail-centred properties, today issued a public warning regarding mystery shopper / secret shopper scams.

    First Capital Realty has become aware that fake consumer research programs are being used to defraud unsuspecting victims. Under these scams, numerous consumers across Canada are receiving forged cheques and documentation and are being asked to pose as mystery shoppers at select retail locations. 

    July 16, 2014

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  • Dubai's Mall of the World to be built in 10 years

    Dubai: The much-talked about Mall of the World project, a massive temperature-controlled indoor city and shopping complex in Dubai, will take about ten years to complete and require Dh25 billion in funds. 

    It is not clear yet when the construction of the project will start, but according to Dubai Holding Chief Executive Ahmad Bin Byat, the mega structure will need about Dh2.5 billion “every year for the next 10 years”. 

    July 11, 2014

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  • A Must Read: The War for Talent & its Effect on Real Estate

     Maintaining a competitive advantage in today’s business environment requires the continuous innovation of new products and services. Companies across all industries are competing fiercely for new ideas and new ways to engage customers and prospects.While there are a host of business challenges, from the slow growing global economy, to an increased regulatory environment, to new geo-political risks, perhaps the biggest challenge facing companies over the next decade is labor. Finding the right talent to help the organization compete and innovate is, and will continue to be, a significant issue in the coming decade.

    Real estate has a role in assisting the corporate enterprise with recruiting and retaining labor.Whether through workplace designs that help foster greater collaboration and give birth to new ideas, amenities that enhance work/life balance, or locations that appeal to a broad array of workers, real estate’s role with respect to the recruitment of labor has changed. Employees are demanding that certain elements be part of their experience and occupiers are responding with new and innovative ways to use real estate as a recruitment tool. Real estate strategies focused on recruiting and retaining talent are also contributing to significant changes in real estate market fundamentals across the U.S., and these changes could have profound implications for where and how people work for a generation.
     

    July 11, 2014

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  • Project Management Now Part of Avison Young's Offer in Quebec

    Mark E. Rose, Chair and CEO of Avison Young, the world’s fastest-growing commercial real estate services firm, announced that it has acquired Montreal-based project management firm Roy et Tremblay Inc. 

     
    The purchase further expands Avison Young’s business-line coverage in Montreal and the province of Quebec. The change in ownership adds nine employees to Avison Young’s Montreal operations. 

    July 11, 2014

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  • David Azrieli, Visionary builder, businessman, and philanthropist dies at 92

    David J. Azrieli, C.M., C.Q., M.Arch., visionary builder, developer and businessman, community leader, philanthropist and devoted Zionist, died peacefully July 9th surrounded by his family in his country house in Ivry-sur-le-Lac, Quebec. He was 92.

    July 11, 2014

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