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Articles by Frank Panici
Transforming office buildings to livable space
The pandemic was been a key driver for reimagining our relationship with the built environment and is presenting new opportunities across portfolios and sectors. With a surplus of office space resulting from evolving workplace strategies, owners in conjunction with teams of developers, city planners, architects and engineers are actively managing a variety of complex conversions of these commercial building types into viable living spaces.
Navigating the housing crisis
Navigating the housing crisis How a radical shift in thinking offers viable solutions. Vice President, Residential, NORR A supportive housing community campus development combining adaptive reuse and modular design and construction (Photo credit: NORR). The escalating housing crisis demands radical thinking that challenges traditional paradigms.
Urban heat place-based resiliency strategies
Globally, urban centres are 15-degrees warmer compared to their adjacent natural hinterlands. This is caused by a phenomenon called the urban heat island effect. It's driven by a city’s amalgam of heat-absorptive materials, such as masonry and asphalt, which by their nature store heat. Vegetation, on the other hand, controls temperatures by reflecting solar radiation, providing shade and humidification – cooling microclimates through evapotranspiration.
Urban regeneration strategies: Why densification matters
Urban regeneration strategies are a long game – but can bring significant value over time as a transformative force for neighbourhoods and cities. The value can be measured through economic gains, as well as sustainable benefits for cities, owners, developers and occupants.
Canada's national office vacancy rate dips in Q3: CBRE
Vacancy 16.4% nationwide, but Vancouver, Ottawa, Toronto among lowest in N. America Steve McLean Commercial Office National The office markets in Canada’s major cities aren’t as buoyant as during pre-pandemic days, but are still doing relatively well in comparison to those in other countries.
The retail innovation that addresses overcrowded hospitals
It’s a win-win-win situation. Landlords fill vacant spaces in retail locations and increase foot traffic; consumers access medical services locally in a more enjoyable environment; and healthcare providers see patients more frequently and, in turn, prolong their health. Medtail, the placement of medical services in retail spaces, is on the rise and is the type of innovation sought to help address overcrowded hospitals and other barriers to better physical and mental health.
Transforming office buildings to livable spaces
The pandemic has been a key driver for reimagining our relationship with the built environment an... George Sorich Residential Development National SPONSORED The pandemic has been a key driver for reimagining our relationship with the built environment and is presenting new opportunities across portfolios and sectors.
Tricon Residential to sell $315M stake in U.S. multires portfolio
Toronto-based Tricon Residential Inc. (TCN-T) says it has an agreement to sell its remaining 20 per cent stake in a portfolio of 23 U.S. Sun Belt apartment buildings to a “vertically integrated residential real estate investment and property management company” for $315 million. Tricon plans to use the proceeds to reduce its debt load and enhance the flexibility of its balance sheet for future growth. The buyer will also assume all asset and property management responsibilities.
Summit Industrial buys second dev. site in Kitchener business park
Summit Industrial Income REIT is continuing to grow its development pipeline in the area surrounding Toronto. The trust and an unnamed partner will acquire a second plot of industrial land in the Grand River West Business Park in Kitchener. Summit (SMU-UN-T) and its partner have waived conditions on the 26.5-acre development site and will acquire a 50 per cent interest in the project in an all-cash transaction. They will pay $12.9 million for their stake in the site.
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