Commercial real estate’s core function as a provider of workspace serves as something of a living lab for the industry’s own human resources strategies. Building owners/managers are increasingly pressed to: meet tenant demand for new kinds of services and technological capability; safeguard business continuity in times of cyber and climatic peril; and deliver a return on investment in the face of a growing array of competition from shiny new towers, co-working space and home offices. In turn, these pressures influence decisions about hiring and staff deployment.
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Oxford unveils plans for Union Park
Oxford Properties Group (Oxford), the global real estate arm of OMERS, is planning a $3.5 billion development called Union Park in downtown Toronto that would be the city’s biggest mixed-use project to date. »READ MORE
IN CASE YOU MISSED IT: CRE investment in Vancouver lagging: Report
Commercial real estate investment in Vancouver has declined across all sectors except for office, according to a new report from Altus Group. Overall, the first quarter saw 322 sales transactions for the Vancouver area, representing a 49 per cent decrease from a year ago and the lowest transaction volume in the last 18 quarters. The total number of transactions has also slowed from the pace of last year with a decline of 36 per cent from Q1 2018. »READ MORE