REMI

Asset Management

Food-anchored retail tops CREinvestment menu

Canadian Property Management

Food-anchored retail tops CRE investment menu

Food-anchored retail plazas remain a staple on the commercial real estate menu, again emerging as the preferred asset type in Altus Group’s survey of Canadian investment trends in Q2.
More reservations emerging about CRE conditions

Canadian Property Management

More reservations emerging about CRE conditions

Investors and asset managers typically expressed more reservations about Canadian commercial real estate this spring than when they were surveyed on their sentiments last fall.
Almadev brings dual meaning to Elad rebrand

Canadian Property Management

Almadev brings dual meaning to Elad rebrand

Elad Canada is now known as Almadev, a name chosen to signify the company's development and asset management pursuits.
Slate Asset Management acquires Presima

Canadian Property Management

Slate Asset Management acquires Presima

The deal adds $1.1 billion in assets to Slate’s investment management holdings and heightens its presence in the public markets, where Presima has carved out global REIT and ESG yield strategies.
Business case assumptions evolve alongside ESG

Canadian Property Management

Business case assumptions evolve alongside ESG

Investors and lenders are expected to increasingly focus on the physical and transitional risks of climate change, in turn upending some conventional views of costs and value.
Investors foresee sustained industrial rent growth

Canadian Property Management

Sustained industrial rent growth foreseen

Investors are expressing confidence in sustained industrial rent growth, as new supply is not expected to catch up with rampant demand any time soon.
multifamily rent slippage deemed temporary blip

Canadian Apartment Magazine

Multifamily rent slippage deemed temporary blip

Multifamily assets posted the largest year-over-year decline in net operating income among the four major sectors in the Canada Annual Property Index, while delivering a 7 per cent total return on investment for 2021.
REALPAC releases updated model green lease

Canadian Property Management

Updated model green lease attuned to the 2020s

REALPAC’s newly updated model green lease for Canadian office buildings introduces measures aligned with the broadening demand for ESG reporting and performance outcomes.
Climate change and ESG pervade CRE projections

Canadian Property Management

Climate change and ESG pervade CRE projections

Climate change is more ominous than the spectre of regulations and taxes for a small majority of commercial real estate leaders responding to REALPAC’s recent survey of their expectations for the next decade.
Cape Breton

Canadian Property Management

Dream to deploy CIB funds for deep retrofits

The Dream group of companies has obtained $136.6 million in financing from Canada Infrastructure Bank’s commercial buildings retrofit program, aligned with a 2035 target for a net-zero portfolio.
Stricken asset classes shaking off COVID

Canadian Property Management

Stricken asset classes now shaking off COVID

Office and retail were diagnosed as stricken asset classes early in the pandemic, but after 20 months on the disabled list, conventional venues for labour and shopping are rallying to fight for market share.
emissions

Canadian Property Management

Rare decisions have acute carbon consequences

Daily vigilance is central to achieving operational energy savings, but rare decisions typically have the most acute carbon consequences in buildings.
ESG benchmarking tallies continued global uptake

Canadian Property Management

ESG benchmarking tallies growing global uptake

The 2021 GRESB real estate results, slated to be released later this fall, will draw from a database of 1,520 entities collectively reporting on 117,000 assets valued at USD $5.7 trillion.
Ontario's civic building inventory scrutinized for asset condition

Canadian Facility Management & Design

Civic building inventory lags on capital repair

Ontario’s civic building inventory has fallen the farthest behind on capital repair among seven categories of municipal infrastructure assets scrutinized in a newly released report from the Financial Accountability Office of Ontario.
Purpose-built rental pro formas under pressure

Canadian Apartment Magazine

Purpose-built rental pro formas under pressure

Developers are facing escalating material costs, supply chain disruptions and labour shortages in step with climbing vacancies and falling rental rates that were not contemplated 18 months ago.
Retrofit proponents must contribute 20 per cent equity capital to tap into the Canada Infrastructure Bank's fund for commercial buildings

Canadian Property Management

Retrofit funds tied to equity capital prereq

Retrofit proponents unable to contribute at least $6.25 million in equity capital will have to look to third-party interveners in order to tap into the Canada Infrastructure Bank’s $2-billion fund for commercial buildings.
Cold storage facilities emerging as alternative investment asset class

Canadian Property Management

Cold storage gathers investment steam

Cold storage facilities are flagged to deliver robust returns to investors due to the evolution of food retailing, demand for vaccines and other pharmaceuticals, and the thriving outlook for the warehouse/distribution and logistics sector in general.