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Articles by George Sorich
Canada's downtown office vacancy inches down: CBRE
The downtown Toronto office market saw a 50 basis points reduction in office vacancy in Q1 2025, according to CBRE. (Google Maps) Toronto and Vancouver both experienced positive net absorption of office space in Q1 2025, according to new CBRE data. And in a first since Q1 2020, the national downtown office vacancy rate dipped slightly, led by Toronto and Vancouver.
U. Calgary, Truman JV to develop University District apartments
U. Calgary, Truman JV to develop University District apartments Six-storey Scholar to feature 203 one- and two-bedroom units, 13,000 square feet of retail Business editor Scholar is the latest purpose-built apartment development to be launched in Calgary's University District. (Courtesy UCPG) University of Calgary Properties Group (UCPG) and Truman Homes have formed a joint venture to develop a six-storey purpose-built rental building in the city's University District.
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.
2023 summer commercial real estate review: RENX's top articles
If you've been unplugged, or out of the office for a portion of the summer, here are don't-miss stories from June-Labour Day Commercial Acquisition National As has become a tradition at RENX, we want to help you play catch-up on any of the major summer articles which you might have missed. So we've compiled some of the top-read and most important articles we've published from June through the Labour Day Weekend in this quick-and-easy reference list.
Panoramic plans major developments in Ontario cities
Angelo Butera immigrated to Canada from Italy in 1972 and joined the construction industry two years later, first working on infrastructure projects before moving on to high-rise buildings as a contractor. “I figured that instead of making money for others, I will do it for myself,” Butera explained to RENX about the genesis of Panoramic Properties Inc. which was founded in 1995 when he renovated and then rented two small apartment buildings in Niagara Falls, Ont.
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.
'New player' in Calgary apt. market buys 263-unit property for $54M
Vancouver real estate investor Wendy Cheung has purchased a 263-unit apartment property in southeast Calgary from Canadian Apartment Properties REIT (CAPREIT) for just under $54 million. And Cheung has plans to grow and increase her exposure to multifamily assets in Calgary and Edmonton. “The reason why this deal appealed to me was there were a lot of factors . . . my thinking of having something that is more scaleable, more units at one location.
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.
Transforming Office Buildings to Livable Spaces
Our Insights Key drivers of change for commercial conversions to residential uses By: Bruce McKenzie, Ross Roy, George Sorich, Simon Bell The pandemic has been a key driver for reimagining our relationship with the built environment and is presenting new opportunities across portfolios and sectors.
The Immediate Need to Reposition Hotels as Recovery Centers
Our Insights A simple proposal to temporarily repurpose vacant hotel rooms for self-isolation purposes COVID-19 has introduced not only risk, but also new and redefined practices across the globe. Every day, we are hammered with terminology such as work-from-home, shelter in place, self-quarantine, essential businesses, social and physical distancing and flattening the curve.
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