Newco Welcomes Construction Industry Veteran as New VP
Newco Construction has welcomed on Nick Bird as its new vice president.
Newco Construction has welcomed on Nick Bird as its new vice president.
One of the authors of a large study on office vacancies across New Brunswick’s three largest cities breaks down the forces behind rising office vacancy rates.
New Brunswick and Nova Scotia can’t take growth for granted. We must be able to deal with the consequences of growth (health care, worker shortages, long wait times for permits) and work on the underlying longer-term drivers of growth.
Propertystar wants to rezone 42 acres of land between Monarch Drive and Hampton Road from residential to highway commercial. The proposal includes office space and retail warehouse-style business, along with potential big-box stores.
The Fredericton company that owns multiple commercial buildings is opening its first residential property and has plans for more.
It’s a tale of contrasts for the commercial real estate sector as property owners and managers manage the economic shifts during the pandemic.
Residential developments made up half of the building activity last year at $133.6 million, offsetting a slow down in the commercial sector.
Ross Ventures, which began the construction of 140 Carleton in 2018, is optimistic about the future of commercial office buildings at a time when more people are working remotely.
The city’s residential tax base grew by nearly $32 million this year, but the non-residential tax base fell by $23 million, as many businesses saw lower revenue due to the impacts of the pandemic.
Commercial building activity slowed considerably in the second quarter, but the city issued $41.9-million worth of building permits for residential projects.