“ESG” is an acronym we hear thrown around consistently in the commercial building space, but from my experience, very few understand what this corresponds to and how it will affect their existing assets and developments, or future planning for the same. This article will address how buildings are rated, who are the rating agencies, and what considerations will best future proof your assets.
Read MoreIt truly wasn’t long ago, maybe 12 months or less, that Edmonton and Calgary were flush, perhaps too flush, with Class A speculative distribution space. In the matter of not years, but months, the inventory in both major cities has been absorbed by household names who have entered the Alberta market in quick succession. Regardless of submarket - north, south, east, west or periphery - the pickings are now unbelievably slim for large distribution tenants looking to take advantage of the low cost environment in our province and move into warehouse space within the calendar year.
Read MoreBrick and mortar and e-commerce are like two circles of a Venn diagram, overlapping in their central goals of engagement, but forming separate concepts and strategies for a retailer. Conversely, Experiential Retail, Retail as a Service, and Micro Retail are more representative of building blocks, growing on top of each other to create a fully formed experience for the target retail customer. Read more about how these concepts are overlapping to create new opportunities in the retail asset class.
Read MoreWhat does a City do when tasked with redeveloping a cost prohibitive, aging emblem that encompasses millions of Edmontonian memories? By the way, this is all located on 160 acres of centralized, transit accessible mixed-use land.
Read MoreI was pleasantly surprised to hear that Alberta, along with Ontario, Saskatchewan and New Brunswick, have all signed on to help further develop nuclear reactor technology in Canada. The goal of this program is to support the advancement and deployment of nuclear energy through small modular reactors (SMRs), a fresh, new technology that greatly differs from standard nuclear reactors, both in size, flexibility and overall safety.
Read MoreOver the past few years, investors have taken an increased notice in the temperature controlled real estate sector, expanding both their build-to-suit developments, as well as those speculative in nature. The ever-growing demand for fresh food on a global scale, in addition to the storage requirements for temperature-sensitive pharmaceuticals, has created a uniquely desirable asset class, showcasing currently its added benefit of being relatively recession proof.
Read MoreIt’s easy to get bogged down in the negative news surrounding delayed pipelines, figurative and literal roadblocks, and absentee governance, but behind the veil, there are some outstanding developments, projects and innovations that are taking place all across Alberta.
Read MoreFounded by a collaborative group of local businesses and non-profit organizations, they came together with the common goal of fostering competitive tax and policy programs within the City of Edmonton to ensure all businesses and citizens can successfully grow and flourish.
Read MoreHow do we design livable, workable, and healthy spaces, by limiting unsustainable urban sprawl while concurrently avoiding densification to the detriment of quality of life? These are the most important questions for any City Plan, because while it’s obvious that the outward growth of single family neighbourhoods casts a huge financial toll on all citizens, it’s also obvious that individuals and families are choosing that lifestyle and living situation for a reason.
Read MoreThe recent partnership announcement of Chinese state-owned EHL International Logistics with Edmonton International Airport clearly exhibits the positive outcomes that are starting to be realized after years of forging relationships with Chinese aviation companies. With no direct flights from Edmonton to Asia at the current time, and witnessing these Chinese state-owned companies pledge their Canadian cargo hubs to Edmonton, I’m inclined to believe that the Chinese State sees Edmonton as a positive business environment, with potential for passenger routes to follow.
Read MoreAround the world, a new stream of relatively passive revenue is benefiting the Landlords of commercial buildings. Read about one method that is mutually symbiotic in benefiting both the environment, and the bottom line, as countries around the world continue to take efforts toward transitioning the consumer’s reliance on energy to new renewable sources.
Read MoreIf you've driven past or to the Edmonton International Airport (EIA) lately, you'll likely have noticed that it is a changing and growing landscape. The EIA innovatively came up with a Master Plan for the future of the land surrounding the Airport that involved making available much of the Airport's under-utilized land for the purpose of commercial development by private companies.
Read MoreThis past week at the Edmonton Real Estate Forum, the Industrial Panel took a run at some of the huge challenges faced by industry in the Edmonton market due to the ever increasing property tax rates and reimbursement expectations from our Councillors. With over 1.5 Million square feet of industrial product under construction this past quarter (Q1 2018) and the majority being located outside of Edmonton, what more can we say.
Read MoreWhat could Alberta's Capital City look like in five years? Here's some of the most influential projects being proposed!
Read MoreThe question facing energy companies today is where best to invest their capital to get their product to market. Should they be investing to build upgraders and refineries here in Alberta to convert bitumen into diesel and gas products locally, or should they continue investing in pipelines to ship heavy product to other markets like Texas where these refineries already exist?
Read MoreIt's like a flashback in time right now, a City and its prized NHL team at odds over the future of their athletic program and critically, the home that they will play in. Fortunately for Edmontonians, it's not groundhog day in this Town, but rather, this is occurring in our Sister City of Calgary just three hours south.
Read MoreThe Calgary Ring Road Agreement created opportunity for the Tsuut'ina First Nation to formulate a partnership that would bring about success, prosperity and longevity to their future generations. The fortunate developer of choice in what is now one of the largest first nation developments in Canada? Canderel.
Read MoreAs urban cities continue to grow in population and expense, and the availability of warehousing space continues to diminish, developers are being forced to look at alternative options to counter increasing industrial land prices and lease rates. The solution: build upwards, not outwards.
Read MoreLast week, an Open House was held by the ICE District in order to outline the plan and vision for Phase Two Development of the District to the North of Rogers Place
Read MoreHow much value do you place on the accessibility of a City when you think of its potential for growth and development?
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