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Market Research, Office, Retail

SpaceList Launches Marketplace for Office, Retail and Warehouse Space

After months of expansion in the British Columbia market, SpaceList launched its commercial real estate listing platform across Canada this week.

Based in Vancouver, SpaceList is now available in cities such as Toronto, Ottawa, Winnipeg, Calgary, Edmonton and Montreal. Finally, commercial real estate listings will be aggregated in a single place, making it easier for businesses to find a new location. In the past, those looking for space had to search through dozens of different websites, each displaying different information in different formats.

SpaceList has solved this problem by building the MLS for commercial real estate. With over 60 Million square feet of available space for rent across Canada, businesses and individuals can see more options in one place than ever before. Landlords and brokers can add their listings in minutes, and as a result, hundreds of new spaces are added each week.

Read more: http://www.newswire.ca/en/story/1118859/spacelist-launches-marketplace-for-office-retail-and-warehouse-space

February 22, 2013by david.taylor@colliers.com
Apartment, Development

Rental Apartment Building Proposed Adjacent Phibbs Exchange

Darwin Construction has applied to the District of North Vancouver to rezone 4 single family lots at 1561-1583 Oxford Street. The proposal is for 107 rental apartment units and 2,168 sq ft of commercial floorspace in a 6 storey building over 96 parking stalls. The proposed density is 3.35 FSR, which exceeds the 2.5 FSR medium density floor space envisioned in the District’s Official Community Plan.

1561 OxfordThe site located at the south end of the Lower Lynn Town Centre adjacent to Phibbs Exchange. The Lower Lynn Area Plan is expected to be adopted later in 2013.

February 19, 2013by david.taylor@colliers.com
Investment

KEYreit Board Recommends Unitholders REJECT the Unsolicited Huntingdon Partial Offer and Announces Special Meeting of Unitholders

KEYreit Board Recommends Unitholders REJECT the Unsolicited Huntingdon Partial Offer and Announces Special Meeting of Unitholders.

“TORONTO, Feb. 15, 2013 /CNW/ – KEYreit (TSX: KRE.UN) announced today its board of trustees, on the recommendation of its special committee, unanimously recommends that unitholders REJECT the unsolicited partial offer by Huntingdon Capital Corp. If successful, the unsolicited partial offer would give Huntingdon effective control of KEYreit.

“The board strongly believes the unsolicited partial offer is wholly inadequate, coercive, highly opportunistic and does not represent fair value for your units,” said Donald Biback, Chairman of the board of trustees. “The partial offer fails to provide unitholders with an appropriate control premium for the units purchased, and provides no premium for units not purchased. It significantly undervalues KEYreit’s assets and businesses, which have a proven track record of creating value for unitholders. We urge unitholders to reject Huntingdon’s wholly inadequate partial offer.”

The board of trustees and management, representing 17% of KEYreit’s issued and outstanding units, have stated that they will not tender to Huntingdon’s coercive unsolicited partial offer.”

Courtesy Canada Newswire

February 18, 2013by david.taylor@colliers.com
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