Neighbors to the North Emerge As Largest Foreign Investor In U.S. Real Estate – CoStar Group.

“As a handful of major deals this month attest, Canada continues to be the most dominant foreign investor in U.S. assets, with a total investment more than triple that of its nearest competitor country, according to Jones Lang LaSalle.

“Canada emerged from the recession in better financial shape due to its banks issuing recourse loans and suffering fewer hits during the mortgage meltdown versus other countries. These deeper pockets allowed Canadians to invest in U.S. real estate when values were most suppressed,” said Steve Collins, international director of Jones Lang LaSalle’s Capital Markets, who attended last week’s Association of Foreign Investors in Real Estate’s (AFIRE) annual Winter Conference in New York. “

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

The Tri-City News – Proposal years ahead of a (possible) station.

A company wanting to build a mid-rise housing complex near a future Evergreen Line station in Coquitlam may be offering a development that’s too small — and too soon.

Epix Developments is proposing to construct a six-storey building with 80 apartments and ground-floor commercial space at Falcon and Runnel drives on a vacant lot about 800 m from the Ioco station in Port Moody and two blocks north of a potential future Falcon Drive station.

Epix spokesperson Brad Marko told Coquitlam’s council-in-committee on Monday his company is also working with OK Tire to include its adjacent Falcon Drive property.

Read more: http://www.tricitynews.com/news/191895921.html