A recent global survey of commercial real estate asset managers finds that COVID-19 has intensified pressure to support physical, social and emotional well-being within the built environment, but that many investors, owners and managers were already embracing healthy building principles ahead of pandemic-triggered challenges. Survey participants collectively held CAD $7.3 trillion (USD $5.75 trillion) in assets under management as of December 2020, with a majority confirming that a multiplicity of drivers — COVID-19; general health; tenant satisfaction; market differentiation; reputational benefits — underpin plans to focus on health and wellness within their portfolios over the coming year.
With decades of experience in the field, FirstOnSite Restoration is taking the next step. On March 29, the disaster restoration specialist united its eight sister companies from Canada, the U.S., and Puerto Rico under the singular and evolved FIRST ONSITE name and brand. » READ MORE
A streamlined approach to garbage room maintenance
Property management teams have been stretched thin throughout the pandemic. Between keeping staff and residents safe, meeting heightened demands, and managing building projects, it can be difficult to keep critical maintenance activities from falling off the radar. » READ MORE
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New voices for commercial electricity customers
Commercial electricity customers will get more presence among Ontario consumer groups when two new appointees join the Independent Electricity System Operator’s (IESO) stakeholder advisory committee this spring. » READ MORE
IN CASE YOU MISSED IT: Fossil fuel fortunes burn Calgary
Fossil fuel fortunes continue to hold predominant sway in the Calgary office market. Reflecting on a year in which a global pandemic unsettled fundamentals to the east and to the west, Calgary-based analysts focus more on tangential circumstances than the COVID-19 outbreak itself. During last week’s online commercial real estate review and forecast, executives with CBRE Calgary’s investment and advisory services fingered an economy tied to oil and gas for sinking the hesitant recovery that had appeared underway as 2020 began. » READ MORE