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Recent Articles

Concert secures first HSBC green loan for Tapestry at Victoria Harbour

4 years ago

BIZ   •   • 

Concert Properties has secured the first loan under HSBC Bank Canada’s Green Loan Principles-aligned financing program, for its 15-storey Tapestry at Victoria Harbour development in the B.C. capital. The $71.5-million financing represents a conversion of Concert’s existing construction financing.

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WiredScore has created an international Smart Council, with representatives from some of the largest commercial real estate owners/operators in Canada and the world, to create the first international certification standard for smart buildings.

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European-based Alpin Solar is proposing to build a 120-megawatt solar farm bigger than 300 CFL football fields at Edmonton’s international airport, dubbed Airport City Solar, on what is now a canola field west of the airport lands.

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Canadian-born architect Kelly Alvarez Doran had an epiphany about one of the core tenets of energy-efficient construction; new buildings that truly move the needle in reducing heat loss through exterior walls, are designed with multiple layers of insulating material.

Energy Profiles

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While COVID-19 lockdowns briefly decreased global carbon emissions by about 17 per cent, this was mostly due to transportation, flights and commuting grinding to halt. But 36 per cent of fossil-fuel carbon emissions come from buildings.

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The City of Winnipeg has created the Building Energy Disclosure Project, an initiative aimed at helping the city’s commercial and institutional building owners better understand the energy performance of their buildings, while supporting overall reductions in energy consumption.

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DIRTT Environmental Solutions, a Calgary based company that uses proprietary software to design, manufacture and install fully-customizable environments, has launched an advocacy campaign that demonstrates how pre-fabricated construction meets the needs of organizations seeking greater adaptability for real estate portfolios.

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Thirty-one-year-old developer Zack Ross wants to change how housing gets built in Vancouver. The COO of family-owned Cape Group plans two affordable rental buildings in Mount Pleasant, targeting two usually overlooked groups: artists and parents needing daycare.

Yardi

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Vancouver-based Fast + Epp Structural Engineers has released a free online timber design tool its in-house inventors say has the potential to save architects and developers countless hours in the early stages of project design.

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Instead of buying a cemetery plot, you can pay toward the preservation of a tree. Cremated ashes are mixed with soil next to a tree along with a memorial marker in what Better Place Forests calls its “conservation memorial forests.”

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As Canada navigates the clean energy transition, cleaner technologies and solutions are attracting attention. Hydrogen has made headlines globally as a vital component of future energy systems as a clean-burning fuel that does not produce carbon emissions on consumption.

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Vancouver Island’s Saanich council is seeking community input for its plan to boost support for electric vehicles by requiring charging units in all new multifamily homes built in the municipality, via an update to existing bylaws.

Smart Density

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In 2018, Swiss billionaire André Hoffmann and wife Rosalie gifted $61 million, one of the largest sustainability donations, to a global business school. While the future of post-pandemic giving is uncertain, philanthropic support for business schools to incorporate sustainability is growing.

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Despite a greater emphasis on corporate social responsibility and widespread use of new technologies in the CRE industry, the Global Real Estate Transparency Index published by JLL shows the slowest rate of transparency improvement since the global financial crisis.

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Nathalie Palladitcheff, CEO of Ivanhoé Cambridge, the real estate investment arm of Caisse de dépôtet placement du Québec says that fears that the pandemic could cause real assets industries to take a step back in their ESG work appear unfounded.

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APG, AustralianSuper, British Columbia Investment Management Corporation, and PGGM have jointly established the Sustainable Development Investments Asset Owner Platform. The platform’s standard and artificial-intelligence driven data enable investors to assess companies on their contribution to the UN Sustainable Development Goals.

Real Estate Forums Webinars

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The hailstorm that hit Calgary on June 13 cost at least $1.2 billion in insured damages to over 70,000 homes, numerous vehicles and destroyed entire crops. It was the fourth-costliest natural disaster in Canada’s history, according to the Insurance Bureau of Canada.

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Nestle Canada is selling its Pure Life bottled water business to Ice River Springs as Ontario prepares to give its municipalities veto power over new water bottling permits. The sale includes locations in Hope, B.C., Puslinch and Erin, Ont.

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Before affixing allegations, imaginary labels, or images that refer to eco-responsibility on packaging, the company is better to make sure of the veracity of its claims according to Geneviève Dionne, director of eco-design and circular economy at Eco Entreprise Québec.

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It is a frosty March morning in the Hoh Rainforest, deep within Olympic National Park in Washington state. I seek a spot known as the “One Square Inch of Silence” — one of the quietest places in the contiguous United States.

Industry Events

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