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HIGHER LIVING
HIGHER LIVING

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Approved zoning enhances value of GTA development land - Multi-family residential developers can expect to continue to pay a hefty premium when acquiring land which already has approved zoning in place, according to a new report. Ben Myers of Bullpen Research & Consulting Inc., has authored a 2018 GTA Land Insights report, in conjunction with Batory Management. (Image courtesy Bullpen) Residential real estate advisory firm Bullpen Research & Consulting Inc. and land-use planning and project...
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Pickering, Ont. becoming a development hotbed - A flurry of recent deals and announcements in Pickering, Ont. bodes well for the economy of the Durham Region city of 94,000 east of Toronto. An artist’s rendering of the Durham Live entertainment development proposed for Pickering, Ont. (Image courtesy City of Pickering) “We’re very, very excited about the development in Pickering and for the opportunity for more development moving forward,”  Mayor Dave Ryan told RENX in an interview. Durham ...
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How to avoid problems when repositioning hotel properties - Editor’s Note: This is a Guest Column submitted by Chris Markovic, vice-president of marketing and development for Dundee 360 Toronto and Montreal. The Canadian real estate industry has experienced a robust hotel and hospitality market renaissance over the past decade. Chris Markovic is the vice president of marketing and development for Dundee 360 Toronto and Montreal. (Image courtesy Dundee 360) As a result, there has been a corr...
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Sparrow Capital seeks to combine culture, economic impact - Edmonton’s Sparrow Capital is a real estate investment firm with a mission. The firm seeks operators (tenants) for its projects who enhance the cultural fabric of neighbourhoods or whose work is meaningful to the future of the regional economy, says company president Antoine Palmer. A rendering of the Brighton Block in Edmonton, which is being redeveloped by Sparrow Capital. (Rendering courtesy Sparrow Capital) “On the community si...
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First Capital stocking up on Calgary Beltline property - First Capital Realty (FCR-T) is accumulating buildings in Calgary’s Beltline district, just outside the downtown core, for potential future redevelopment into large, mixed-use projects.  The Mount Royal West retail development in Calgary. (Rendering courtesy First Capital Realty) RENX has learned that during the past year or so First Capital, in joint ventures with Allied Properties REIT (AP-UN-T), has purchased three properties in th...
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Hungerford buys 15.5 acres of Vancouver industrial property - Hungerford Properties has purchased two major Vancouver industrial sites and plans to redevelop them with mixed-use commercial and retail. One of the properties, a 12-acre site in South Vancouver, is considered the largest industrial acquisition in the City of Vancouver in a decade. 86 Southeast Marine Drive in Vancouver has been purchased by Hungerford Properties, which plans to redevelop the industrial/commercial site. (Image c...
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Property technology experts offer guidance from experience - Property technology (PropTech) has had a growing impact on the real estate industry in recent years, and representatives from five companies addressed their experiences at a breakfast event presented by Real Property Association of Canada (REALpac) and MetaProp NYC. From left, Zak Schwarzman, Francesca Loftus, Robert Moore, Michael Mandel and Susan McArthur during a property technology discussion at a RealPAC breakfast in Toronto....
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Royal Vista centre enters suburban Calgary office market - The suburban Calgary office environment continues to face stiff vacancy challenges after the recession years of 2015-’16, but entrepreneurs are finding niches to bring new product to market.  The first phase of the Royal Vista Professional Centre II in Calgary is now under construction. (Image courtesy Barclay Street) “There’s been a lot of reshuffling in the market and that continues to be the trend,” said Chris Rundle, a leasing a...
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Sandpiper pursues bold path with board shake-ups - In the less-than-two-years since Sandpiper Group launched, the Vancouver-based investment company has been forging a bold path initiating board shake-ups.  Samir Manji is the CEO of Vancouver-based Sandpiper Group. (Image courtesy Sandpiper) Sandpiper is developing a portfolio built on shrewd public and private property investments, while also finding ways to influence and insert board members into investment partners which are not meeting ...
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Choosing a CRE Tech Platform: Find a solution you’ll stick with - Today’s CRE Tech space hardly resembles the world in which my co-founders and I launched VTS in 2012. Back then, only a few startups were knocking on doors and begging people to look at mocked-up versions of their offerings. CRE Tech Columnist Nick Romito is the founder and CEO of VTS. (Image courtesy VTS) Today, thousands of tech solutions are on the market. There’s growing awareness about the benefits these solutions provid...
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