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Affichage des résultats pour les étiquettes 'commercial'.
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(Courtesy of Urban Photo) Its an old article from 2008. Plus I found an another article about the grocery chain.
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Ste. Catherine St. has top lease rates Tied with Bloor St. in Toronto. Most expensive retail corridors in Canada By LYNN MOORE, The Gazette June 8, 2010 Toronto's Bloor St. and Montreal's Ste. Catherine St. are Canada's most expensive retail corridors, according to Colliers International's 2010 Global Retail Report, released yesterday. Ste. Catherine St. is tied in 32nd position with Toronto's Bloor St. on the global list of shopping hot spots. Merchants in the two most popular Canadian shopping areas pay an average lease rate of $300 per square foot, according to the report. The 2010 Winter Olympic festivities in Vancouver were not enough for the city's marquee retail stroll -Robson St., with its average rate of $200 per square foot -to overtake Toronto and Montreal's premier retail streets on the list. Jim Smerdon, director of retail and strategic planning with Colliers, said the retailers themselves set the lease rates according to the importance of the location. "The hallmark of strong retail streets is a blend of the size of the market, things like accessibility and parking, and a host of intangibles such as the history of the street as a commercial destination," he said. Even though Toronto is larger than Montreal and the commercial capital of Canada with more head offices and wealthy residents, it's not surprising that Ste. Catherine St.'s shops can command the same rent, Smerdon said. Ste. Catherine St., which is often thick with pedestrians night and day, is an experience, he acknowledged. "Montreal is more of a destination for shoppers than Toronto is ... and Ste. Catherine is more of a lifestyle experience," he said. In 31st spot on the Colliers list was Honolulu's Kalakaua Ave. and 33rd spot was occupied by Amsterdam's Kalverstraat. The report shows that Canada's most exclusive streets are a bargain compared with the world's priciest, in such places as Paris, New York, Hong Kong and London, where rates per square foot exceed $1,000. Topping the list was the Champs Elysees in Paris, with an average lease rate of about $1,256. All figures in the report are in U.S. dollars. The information comes from surveys and material supplied by Colliers staff in 61 countries, Smerdon said. lmoore@thegazette.canwest.com © Copyright © The Montreal Gazette Read more: http://www.montrealgazette.com/business/Catherine+lease+rates/3125235/story.html#ixzz0qXanL7Xi
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Canada rejects idea of building new isotope reactor
un sujet a posté jesseps dans Discussions générales
(Courtesy of The Montreal Gazette) -
16 stories planned for south east corner of de la Montagne and Maisonneuve. (still a fucking parking lot) Ground and mezzanine commercial 16 stories of apts 2 story penthouse
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11,8 millions de visiteurs annuellement au Quartier Dix30
un sujet a posté WestAust dans Discussions générales
Selon cet article paru dans le brossard eclair au mois de décembre dernier. A termes avec les phases a venir, il s'agirait du 2e plus grand centre commercial au canada après le West Edmonton Mall http://virtuel.brossardeclair.canoe.ca/doc/hebdo_brossard-eclair/bro_03122009_opt/2009120201/ -
(Courtesy of The Montreal Gazette)
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Vacancy rates keep rising in third quarter for Canada's commercial real estate sector, report shows (CP) – 44 minutes ago TORONTO — The amount of empty office space across Canada continued to rise in the third quarter due to higher unemployment in white-collar industries and excess inventory in some cities, a new report shows. Vacancy rates for commercial real estate are expected to keep rising "well into 2010" as the country works through the impact of the recent recession, CB Richard Ellis Ltd. said in report released Monday. Vacancy rates rose for the third straight quarter to an average of 9.4 per cent, up from 6.3 per cent for the same time last year, said the real estate services firm. "Limited new job creation in Canada's 'white-collar' industries and the addition of new inventory in two of Canada's three largest office markets are cited as reasons for the increase," according to the National Office and Industrial Trends Third Quarter Report. Commercial vacancy rates rose most noticeably Calgary, Toronto and Vancouver, the report shows. Calgary's third quarter vacancy rate jumped to 13.1 per cent, from 4.7 per cent last year, due to the impacts of a slowdown in the oil and gas industry. "The city's oil and gas industry and commercial market remained inexorably linked, as players both large and small continue to recognize that even Calgary has not been immune to the country's new economic reality," the report states. In Toronto, the commercial vacancy rate rose to 9.1 per cent from 6.6 per cent last year. The vacancy rate in downtown Toronto is expected to climb further in the coming quarter as space becomes available in newly constructed office towers. In Vancouver, vacancy rates climbed to 8.9 per cent from 5.4 per cent for the same time last year. The report said Vancouver is one of the more stable markets in the country thanks to limited new development. Montreal's vacancy rate rose to 10.3 per cent from 8.3 per cent last year, while Halifax's rose to 10.2 per cent from 8.4 per cent. Vacancy rates also rose in the country's smaller office markets, specifically in suburban areas, but at a lesser rate, the report shows. It said cities with government office space also saw more stability in their commercial real estate markets. Ottawa had the lowest overall third quarter vacancy rate in the country of 5.8 per cent compared to five per cent for the same time last year, while Winnipeg's rate came in at 7.5 per cent up from 4.8 per cent last year. The overall vacancy rate in the Waterloo Region, home to such technology firms as Research in Motion (TSX:RIM), edged up slightly to 6.7 per cent from 6.4 per cent last year. The report predicts vacancy rates to keep rising in the fourth quarter and into 2010, "as Canada continues to grind its way out of the recession."
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Le marché de l'immobilier commercial tarde à reprendre
un sujet a posté ErickMontreal dans L'actualité
Le marché de l'immobilier commercial tarde à reprendre 17 août 2009 | 16h51 Brenda Bouw LA PRESSE CANADIENNE Si le marché de l'immobilier résidentiel donne des signes de regain de vie au Canada, on ne peut en dire autant du marché de l'immobilier commercial, si on se fie à des données rendues publiques lundi. Le marché de l'immobilier commercial comprend les tours à bureaux, les emplacements industriels et les espaces de vente au détail. Selon les données de la firme CB Richard Ellis, les transactions dans ce secteur ont plongé de plus de 50 % pendant le premier semestre de 2009, comparativement à l'an dernier. Les valeurs de ces transactions ont atteint quelque 4,9 G$ entre janvier et juin, contre 10 G$ au même moment l'an dernier. Le nombre de transactions s'est aussi effondré, passant de 2542 à 1569. « L'impact de la récession mondiale sur le marché de l'immobilier commercial n'est pas encore terminé », a dit le vice-président de CB Richard Ellis, John O'Bryan. Il a expliqué que ce marché est lié beaucoup plus étroitement à l'état général de l'économie, et qu'on n'y retrouve donc pas le même regain de vie que sur le marché résidentiel. « Il y a une différence énorme entre les deux marchés; un semble semble complètement remis, l'autre se redresse plus lentement », a dit M. O'Bryan. Il estime que l'année 2010 sera difficile pour le marché immobilier commercial aux États-Unis, en raison de la robustesse du taux de chômage et des entreprises qui cherchent encore des moyens de réduire leurs coûts. Le taux d'inoccupation des espaces commerciaux a augmenté à 8,3 % au Canada au deuxième trimestre, contre 6,4 % l'an dernier. L'analyste Adrienne Warren, de la Banque Scotia, a expliqué que le marché de l'immobilier commercial récupère plus lentement que d'autres secteurs, parce que les projets sont de grande envergure et qu'ils nécessitent des années et beaucoup d'argent à développer. « Il faut trouver plusieurs locataires et beaucoup de financement garanti. C'est plus compliqué », a-t-elle dit. Elle ajoute que bon nombre de projets lancés alors que l'économie se portait mieux sont maintenant terminés, ce qui gonfle le taux d'inoccupation dans des villes comme Calgary et Toronto. Elle s'attend à voir ces taux augmenter encore avant de redescendre. Mme Warren précise toutefois que l'excédent n'est pas aussi criant que pendant les années 1980 et 1990, quand le taux d'inoccupation avoisinait les 15 %. « Aujourd'hui, nous sommes plus prudents concernant la construction et les prêts », a-t-elle dit. Pour sa part, la firme PriceWaterhouseCoopers estime que le Canada devra encore surmonter des « obstacles importants » avant de voir son marché de l'immobilier commercial reprendre du mieux. La firme affirme même que les conditions se font de plus en plus difficiles, notamment en raison d'un resserrement de l'accès au crédit et d'une réduction de l'intérêt des investisseurs envers les titres adossés à des hypothèques commerciales. Le secteur souffre aussi de la faiblesse financière et de la croissance faible de plusieurs locataires. -
Canada : Office vacancy rates to go even higher: report
un sujet a posté ErickMontreal dans L'actualité
Office vacancy rates to go even higher: report Financial Post Published: Wednesday, August 05, 2009 Neither Calgary nor Toronto can expect any immediate relief, as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and five million for Toronto). Sean DeCory/National Post Neither Calgary nor Toronto can expect any immediate relief, as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and ... OTTAWA -- Vacancies in Canada's office market have surged to 8.5% and will climb toward levels not seen since the dot-com bust earlier this decade before finally levelling out, commercial broker Avison Young said in a report Wednesday. "The vacancy rate will definitely be trending up in the coming quarters," said Bill Argeropoulos, director of research at Avison Young. "We're not sure if it will breach the recent high of 11.5% in 2003, but we do see the vacancy perhaps breaching the 10% barrier in the coming quarters and perhaps into 2010, largely because of new supply coming into the market." Furthermore, said Avison Young chief executive Mark Rose: "The global financial crisis has had a significant impact on market psychology, creating inertia and paralyzing decision-making. Recovery . . . will occur only when corporate profits return, unemployment rates drop and decision-makers believe were are trending upwards." In the past 12 months, vacancies have climbed more than two percentage points from the 6.1% rate of mid-year in 2008, and Mr. Argeropoulos said it will likely be the end of 2011 before national rates begin to level off. Mississauga holds the distinction of having the highest office vacancy rate in the country at 10.8%. Toronto experienced the highest annual change among eastern cities, climbing from 6.6% to 9.6% in the past 12 months, a three-year high. Calgary, meanwhile, underwent the highest change in vacancy rates among western cities, soaring from 3.6% in mid-2008 to 9.3% by mid-2009. Neither Calgary nor Toronto can expect any immediate relief as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and five million for Toronto). Both will definitely surpass the 10% vacancy rate in the months ahead, Mr. Argeropoulos said. Calgary also saw the largest plunge in rental rates, with downtown Class A space collapsing to $30 per square foot from $46. This is still the most expensive in the country, however, along with Edmonton, where prices are also at $30. Nationally, lease rates for downtown Class A space fell to $22 per square foot in mid-2009 from $25 the year before. Prices ranged from a low of $13 in Quebec City to Calgary and Edmonton's $30. Avison's mid-year office survey tallies results for 12 regions across the country. Canwest News Service ____________________________________________________________________________________________ Unused office space up 75% in Q2: report Garry Marr, Financial Post Published: Tuesday, June 23, 2009 The amount of unused office space business put on the sublease market grew by almost 75% last quarter from a year ago, a further indication of the crumbling economy. CB Richard Ellis Ltd. said more than 7.7 million square feet of office space came back into the market across the country, an increase from the more than 4.4 million that hit the market in the same quarter a year ago. The sheer size of the increasing sublease market drove the national vacancy rate to 8.3% from 6.4% a year ago. "The deepening recession has prompted businesses across the country to continue to identify ways to trim overhead and pare back their need for phantom space," said John O'Bryan, vice-chairman of CB Richard Ellis. "The trend of doing with less right now is especially evident in Canada's major office markets. However, it is important to note that the commercial real estate market typically lags behind the residential market by a few months, so we are simply now experiencing the slowdown that other markets went through in the last quarter." Mr. O'Bryan said the Canadian market continues to fare better than United States markets where vacancy rates reached 15.9% at the end of the first quarter. Canadian vacancy rates were only 7.5% at the end of the first. "If we were in the U. S. right now looking at a national occupancy rate of 91.7%, there would be a widespread sense of optimism regarding the health of the country's commercial market." But there are clear signs across the country that the office market has been hit hard by the economy with vacancies rising everywhere. In Vancouver, the beaten-down technology and resource sectors helped drive sublet activity. The effect was to push the vacancy rate from 5.6% to 7.8%. The once-airtight Calgary office market has sprung a leak as lower oil prices have led many of Alberta's junior oil and gas companies to cut their space. In the second quarter, Calgary's vacancy rate rose to 10.2% from 4.6% a year ago. CB Richard Ellis says it will rise to 20% by the end of 2009. Vacancies in Toronto, the largest office market in the country, rose to 8.4% in the second quarter, up from 6.7% a year ago. CB Richard Ellis expects rates to continue to rise in 2009 and 2010. In Montreal, softness in the commercial market drove vacancy rates up from 8.5% to 9.7%, on a year-over-year basis. The real estate company said cost-containment measures by large tenants have impacted the market. Backed by the federal government, Ottawa is proving to have the best office market in the country. The overall vacancy rate grew to 5.1%, only a slight jump from the 4.9% a year ago. Ottawa's suburban offices, which are more dependent on the private sector, were hit harder than the government-dominated downtown core. gmarr@nationalpost.com Here's the complete report : http://www.avisonyoung.com/library/pdf/National/MidYear09-National-Office.pdf -
Le Canada enregistre un déficit commercial de 1,4 milliard de dollars en mai, deux fois plus élevé que prévu. Pour en lire plus... -
http://www.nationalpost.com/most-popular/story.html?id=1714603 This article hit the nail on the head. If a company were to make an ad poking fun at a woman for working at a job usually dominated by men, there would be a ton of complaints, lawsuits, etc. But men, and specifically fathers are fair game since they don't tend to complain about such things...
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World's largest passenger plane makes first commercial flight in Canada
un sujet a posté francely57 dans L'actualité
BY KATHERINE LAIDLAW, CANWEST NEWS SERVICE JUNE 2, 2009 A luxurious jumbo jet complete with shower spas, mini-bars and flat-screen televisions landed its first commercial flight in Canada on Monday. The 489-seat Airbus A380 flew in to Toronto's Pearson International Airport from Dubai on Monday afternoon. The two-level luxury aircraft, where first-class seats cost $9,000 to $13,000 round trip, was greeted by two arching water cannons. "It was like a beautiful big bird coming out of the sky," said Mississauga Mayor Hazel McCallion. The plane's first-class compartment holds 14 suites, each with sliding doors, wood- and gold-lined panelling, a mini-bar, flat-screen television, and a leather chair that vibrates, massages, and folds out into a bed. Headsets in first-class come in velour bags. Dinner is served in silver baskets and on porcelain white plates. The A380, the largest passenger plane ever built, also holds two bar lounges, one on each floor. Two shower spas for first-class passengers offer visitors 25 minutes to shower and pamper themselves, as the flight offers complimentary toiletries and Bvlgari perfume. Seventy-six business-class seats, costing $4,500 to $9,000, give passengers smaller, but still private, spaces, with mini-bars and flat-screen televisions. Economy seats, 10 in each row, holding large TV screens, complimentary pillows and blankets, and free toys such as hand puppets and colouring books for children, run between $900 and $2,500. Captain and pilot Dave Heino, a Burlington, Ont., native, said the plane's landing was smooth. He flew over the Burlington airport where he trained as a pilot in 1980. "I was hoping we would land that way," he said. "We lucked out. It was nice, we flew right over it." Heino said he trained on four-seater Cessnas, much smaller than the gigantic plane with its 80-metre wingspan he handled Monday. "It's just a regular airplane, until you get it on the ground, and then it's big," he said. The Canadian government allows the Emirates airline three flights into Toronto a week. The airline's airtime in Canada is restricted, due to subsidies it receives from the United Arab Emirates government, which is building the airline's new hub in Dubai. Tim Clark, president of Emirates airline, said he's meeting with Transportation Minister John Baird on Tuesday. "We've been arguing with Transport Canada for many, many years," he said. "It's not really going anywhere ... The argument is, if this carrier comes into Canada, Air Canada will finally go bankrupt," he said. "To put that argument at our door is ludicrous." © Copyright © Canwest News Service http://www.canada.com/travel/World+largest+passenger+plane+makes+first+commercial+flight+Canada/1654497/story.html ----------- Donc les vols Toronto-Dubai en A380 ont officiellement commencé. Est-ce que des compagnies vont se rendre à Montréal en A380? -
By Sarah Mulholland April 23 (Bloomberg) -- Loan extensions will likely be insufficient to prevent a wave of commercial real-estate defaults as borrowers struggle to refinance debt amid tighter lending standards and plummeting property values, according to Deutsche Bank AG analysts. As much as $1 trillion in commercial mortgages maturing during the next decade will be unable to secure financing without significant cash injections from property owners, according to the Deutsche analysts. At least two-thirds, or $410 billion, of commercial mortgages bundled and sold as bonds coming due between 2009 and 2018 will need additional cash infusions to refinance, the analysts led by Richard Parkus in New York said in a report yesterday. Many commercial real-estate borrowers will be unwilling or unable to put additional equity into the properties, and will have to negotiate to extend the loan or walk away from the property, the analysts said. The volume of potentially troubled loans and declining real-estate values will make loan extensions harder to obtain. “The scale of this issue is virtually unprecedented in commercial real estate, and its impact is likely to dominate the industry for the better part of a decade,” the analysts said. Many dismiss the seriousness of the problem by assuming lenders will agree to extend maturities, according to the report. That approach might work if the amount of loans that failed to refinance was relatively small, but the percentage is likely to be 60 to 70 percent, the analysts said. The overhang of distressed real estate will hinder price appreciation, making lenders less likely to extend mortgages with the expectation that the value of the property will rise enough to qualify for refinancing, the analysts said. Loans made in 2007 when prices peaked and underwriting standards bottomed will face the biggest hurdles to refinancing. Roughly 80 percent of commercial mortgages packaged into bonds in 2007 wouldn’t qualify for refinancing, according to Deutsche data.
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En raison de l'effondrement du secteur automobile, le Canada est passé, en l'espace de six mois, d'un surplus commercial mensuel de 5,7milliards à un déficit s'approchant du milliard de dollars. Pour en lire plus...
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Feb. 26 (Bloomberg) -- New York’s biggest banks and securities firms may relinquish 8 million square feet of office space this year, deepening the worst commercial property slump in more than a decade as they abandon a record amount of property. JPMorgan Chase & Co., Citigroup Inc., bankrupt Lehman Brothers Holdings Inc. and industry rivals have vacated 4.6 million feet, a figure that may climb by another 4 million as businesses leave or sublet space they no longer need, according CB Richard Ellis Group Inc., the largest commercial property broker. Banks, brokers and insurers have fired more than 177,000 employees in the Americas as the recession and credit crisis battered balance sheets. Financial services firms occupy about a quarter of Manhattan’s 362 million square feet of office space and account for almost 40 percent now available for sublease, CB Richard Ellis data show. “Entire segments of the industry are gone,” said Marisa Di Natale, a senior economist at Moody’s Economy.com in West Chester, Pennsylvania. “We’re talking about the end of 2012 before things actually start to turn up again for the New York office market.” The amount of available space may reach 15.6 percent by the end of the year, the most since 1996, according to Los Angeles- based CB Richard Ellis. Vacancies are already the highest since 2004 and rents are down 5 percent, the biggest drop in at least two decades. In 2003, the city had 14.8 million square feet available for sublease. If financial firms give up as much as CB Richard Ellis expects, that record will be broken. ‘Wild Card’ CB Richard Ellis’s figures don’t include any space Bank of America may relinquish at the World Financial Center in lower Manhattan, where Merrill Lynch & Co., the securities firm it acquired last month, occupies 2.8 million square feet. Brookfield Properties Inc., the second-biggest owner of U.S. office buildings by square footage, owns the Financial Center. Merrill “is a wild card right now,” said Robert Stella, principal at Boston-based real estate brokerage CresaPartners. Manhattan’s availability rate -- vacancies plus occupied space that is on the market -- was 12.3 percent at the end of January, up more than 50 percent compared with a year earlier and almost 9 percent from December, according to CB Richard Ellis. Commercial real estate prices dropped almost 15 percent last year, more than U.S. house prices, Moody’s Investors Service said in a Feb. 19 report. The decline returned values to 2005 levels, according to the Moody’s/REAL Commercial Property Price Indexes. SL Green The Bloomberg Office REIT Index fell 25 percent since the start of January, with SL Green Realty, the biggest owner of Manhattan skyscrapers, slumping 50 percent. Vornado Realty Trust, whose buildings include One and Two Penn Plaza in Midtown, has fallen 36 percent. SL Green of New York gets 41 percent of its revenue from financial firms, including 13 percent from Citigroup, according to its Web site. Bank of America plans to give up 530,000 square feet at 9 West 57th St. as it completes a move to 1 Bryant Park. New York- based Goldman Sachs Group Inc. is leaving 1.3 million square feet of offices at 1 New York Plaza and 77 Water St. as it prepares to move to new headquarters near the World Trade Center site. JPMorgan put 320,000 square feet of Park Avenue offices on the market after scooping up rival Bear Stearns Cos. last year along with the company’s 45-story headquarters tower at 383 Madison Ave. Citigroup has put 11 floors, or 326,000 square feet, on the market at the 59-story Citigroup Center at Lexington Avenue and 53rd Street, bank spokesman Jon Diat said in an e-mail. The tower is owned by Mortimer Zuckerman’s Boston Properties Inc. Moving Out “We’ve been having conversations for two and a half years with Citigroup, and it’s been very clear to us that for the right economic transaction, they would move out of virtually any space in midtown Manhattan that they have,” Boston Properties President Douglas Linde said on a conference call last month. Boston Properties is also expecting to receive about 490,000 square feet back from Lehman Brothers at 399 Park Ave. as part of the bank’s liquidation. That space “will be a monumental challenge” to fill, said Michael Knott, senior analyst at Newport Beach, California-based Green Street Advisors. “They’re going to have to really bend over backwards on rate, or make the strategic decision to sit on it for an extended period of time.” Zuckerman said in an interview he doesn’t expect the increase in sublets to be a long-term problem for landlords. “You’re not going to be able to get for the space what you were able to get a year ago,” he said. “But in a year or two, in my judgment, the space will be absorbed.” Future Forecast Landlords must be prepared for a slow recovery, said Di Natale of Moody’s Economy.com. Commercial vacancy rates climbed for almost a year and a half after the last recession ended in late 2001. Still, CB Richard Ellis Tri-State Chairman Robert Alexander said New York’s financial community will regenerate. “In the late ‘80s, we lost Drexel Burnham Lambert and we lost Salomon Brothers, and we lost Thomson McKinnon,” Alexander said. “New York City survived.”
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Le Japon enregistre en janvier le plus important déficit commercial de son histoire, en raison d'un chute sans précédent de ses exportations. Pour en lire plus...
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Le Nouveau-Brunswick et la Nouvelle-Écosse concluent un accord commercial visant à stimuler la croissance économique des deux provinces maritimes. Pour en lire plus...
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L'effondrement du marché américain a contribué à faire en sorte que le déficit commercial canadien dans le secteur de l'automobile a plus que doublé en 2008, pour atteindre les 14milliards de dollars. Pour en lire plus...
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Au cours du mois de décembre, la balance commerciale du Canada a littéralement fondu passant d'un surplus de 1,2 milliard de dollars à un déficit de 458millions, du jamais vu au pays depuis 1976. Pour en lire plus...
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Le surplus commercial du Canada fond comme neige au soleil à cause de la plongée en piqué du prix des produits énergétiques et de base qui reflète la récession mondiale. Pour en lire plus...
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L'excédent commercial s'effrite d'un milliard de dollars en un seul mois en raison de la faible demande pour les matières premières, principal moteur des exportations canadiennes. Pour en lire plus...
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Le déficit commercial des États-Unis a baissé de 28,7% en novembre par rapport au mois précédent, à 40,4 G$ US. Pour en lire plus...
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L'excédent commercial du Canada frappé par le prix du pétrole
un sujet a posté mtlurb dans L'actualité
La chute des cours du pétrole a fait fondre l'excédent commercial du Canada avec le monde en novembre, qui a chuté de 43% à près de 1,3 G$. Pour en lire plus... -
Mieux vaut tard que jamais! Après 17 mois de crise et de tractations coûteuses, le plan de restructuration des 32 milliards de dollars en papier commercial adossé (PCAA) a finalement obtenu le feu vert de la justice. Pour en lire plus...
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La Caisse de dépôt et placement du Québec devra débourser plus de 75 millions $ en honoraires dans le dossier du papier commercial adossé à des actifs (PCAA). Pour en lire plus...
