Avenue Living has acquired Calgary's The Pinnacle apartments – its second major purchase in less than a year at the suburban property. In total, Avenue Living has spent $116 million to acquire over 600 rental units at the site.
Life sciences space is hard to come by in the Greater Toronto Area (GTA), but a newly renovated 25,000-square-foot building is now available to lease in Vaughan. The former manufacturing and warehousing building at 196 Citation Dr. is near the
Feb. 22, 2021
Peter Garrigan, senior managing director, industrial practice group, Colliers International in Toronto. (Courtesy Colliers)
When we compare Canada’s industrial property market to the other commercial asset classes through 2020, it’s clear industrial land and buildings maintained a steadiness not seen in other sectors during this pandemic.
Industrial land is still trading at record prices, developers continue to break new ground, new leases are being signed and renewals are being completed.
The overall national industrial average vacancy rate at the end of 2020 was a low 2.2 per cent across the country, according to Colliers’ latest national market snapshot report.
Despite a slight pause at the beginning of the second quarter of 2020 as the pandemic befell us all, things got back up and running quickly in the industrial market. But that show of strength also contributes to the pain; vacancy rates remain critically low in most of our big cities, while lease ra
Lucas Atkins as president of capital markets in Canada. Atkins will focus on increasing market share on behalf of significant owners of commercial real estate globally.
He joins Colliers with nearly 20 years of experience in real estate, including investment banking, private equity, business development, mergers and acquisitions, development and equity and debt capital raising.
Atkins spent many years with Raymond James, including as managing director and head of real estate.
During his career, Atkins has been involved in over $30 billion of real estate transactions across a variety of real estate asset classes and has assisted in raising over $25 billion in public, private and joint venture capital, and cross-border financing activities.