No winner has been declared in the REALPAC/MSCI challenge to peg the 2020 investment performance of directly held standing assets in the Canada Annual Property Index. That’s likely because no one foresaw a 1,000+ basis point slide in the average total return — settling at negative 4.1 percent — when the annual contest was conducted last winter. A ten-year run of capital growth abruptly reversed in the ensuing months, while income return continued on a record-setting downward trajectory.
LRI Engineering Inc. launches a tech-savvy compliance program. Keeping pace with fire safety compliance is difficult but critical nonetheless. And when it comes to protecting the safety of property and occupants, there’s no room for “good enough.” » READ MORE
Controlling back-office costs in commercial real estate management
Commercial real estate management teams are under pressure to control expenses and operate efficiently. These goals can be challenging to balance; and understandably, teams may prefer to tackle everything in-house out of concern for data security and control. » READ MORE
ASHRAE is keeping pace with the COVID-19 HVAC learning curve with updated guidance to address changing conditions and situations. » READ MORE
IN CASE YOU MISSED IT: Ontario to stretch energy efficiency spending
Competitive procurement underpins the Ontario government’s efforts to trim the price-point of energy efficiency spending. A new slate of conservation and demand management (CDM) programs allocates $456 million for commercial, institutional and industrial consumers over a four-year period with $110 million of that earmarked for still unspecified “customer solutions” to be rolled out in 2023 and 2024. That’s in line with the provincial government’s interest in the outcome of a pending pilot energy efficiency auction to procure 13 megawatts (MW) of permanent demand reduction via a competitive bid process. » READ MORE