Just because we read articles where office buildings in the US get sold for cents on the dollar, doesn’t mean our market should do the same. If it did, there would be buying opportunities everywhere and we would be converting many more office buildings to...
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At the TCN Fall conference in Calgary Canada, Scott Hutcheson of Aspen Properties, Iain McCorkindale of M3 Development, and Maxim Olshevsky of Astra Group, led a great panel discussion, Office: Residential Conversions (ORCs). In 2015, there was a sharp decline in oil and gas prices which...
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Flying overseas this week for the annual TCN Worldwide conference, this time in Calgary Alberta, to discuss the state of the CRE business, markets and where is it all heading. A brief stopover in Seattle on the way has us thinking back to our first visit...
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Inspecting office buildings on a Monday morning in North Sydney is similar to doing the same in Melbourne. Catching the train across the Harbour Bridge to the CBD for afternoon inspections, one notices the real difference between the 2 office markets. Only 3 years ago North...
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Recently NSW Premier Chris Minns issued the C2024-03 NSW Government Sector workplace presence, stating among other things, “Government sector agencies are expected to have flexible work policies that meet reasonable requests of employees, but the default arrangement is to work principally in an approved workplace, office...
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Monday morning and Sydney airport is its usual busy self. I arrive in Melbourne on time and the traffic jam at the airport is unusual but understandable with the works programme underway. As we drive through the CBD, the driver and I both notice how quiet...
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The Corenet Government Forum took place in Canberra the other week with a great set of speakers; Sam Engele (ACT Government), Joydeep Hor (People + Culture Strategies), Tom Payne (Hoyne) and Domino Risch (Placeology). Before heading back to Sydney, we drove around Canberra to take a quick look...
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Carbon emissions are the focus of most sustainability strategies and as we dive deeper into our ESG initiative, CREcycle, we have come across innovative projects to achieve net-zero. Long Beach Container Terminal (LBCT), at the Port of Long Beach in Los Angeles, is targeting net-zero...
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Last week, the Property Council of Australia (PCA) released its Office Market Report figures for the first half of 2024. The PCA has been doing so since the 1990’s so it is a great indicator for trends in the office market. 2024 started with a flurry...
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For years, NABERS has been the guiding light for improving sustainability and efficiency of office buildings with its ratings system for Energy, Water, Waste, and Indoor Environment Quality. It works really well, is now being adopted in other countries, and gives CRE tenants another way...
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