Real Estate Excellence Awards

The Inaugural Calgary Real Estate Excellence Awards is a premier awards dinner, which will highlight and celebrate the achievements of groups and individuals active in the office, industrial, retail and mixed use real estate industry in Calgary.

 

The event will be hosted at the Hudson on November 22, 2017 and will feature a cocktail networking reception, dinner, and the announcement of the award winners. Awards will be given for the following categories: office development of the year, office lease of the year, industrial development of the year, industrial lease of the year, retail/mixed use development of the year, investment deal of the year, Developing Leaders Award and Life Time Achievement Award.  A summary of each award is below

 

The Office Lease of the Year Award is open to lease transactions on which an unconditional, binding agreement was reached during the Eligibility Period, January 1, 2015 to December 31, 2016. New leases and renewals are both eligible. The lease must be for a minimum of 20,000 square feet.

 

The Office Development of the Year Award is open to development and re-development projects that have been completed or substantially completed during the Eligibility Period, January 1, 2015 to December 31, 2016. A minimum of 50% of the gross leasable area in the project must be for conventional office use and eligible projects must be at least 50% leased (unconditional) by the submission date. If a project was completed prior to the commencement of the Eligibility Period but did not meet the leasing threshold until the Eligibility Period, it is eligible and should be submitted. The development or redevelopment cost of the project including land, hard and soft costs must be at least $10,000,000. Projects in which the owner occupies space are eligible for the Award, provided that a minimum of 50% of the leasable area of the Project is leased or available for lease by third parties.

 

The Industrial Lease of the Year Award is open to lease transactions on which an unconditional, binding agreement was reached during the Eligibility Period: January 1, 2015 to December 31, 2016. New leases and renewals are both eligible. The lease must be for a minimum of 50,000 square feet.

 

The Industrial Development of the Year Award is open to both development and re-development projects that have been completed or substantially completed during the Eligibility Period, January1, 2015 to December 31, 2016. If a project was completed prior to the commencement of the Eligibility Period but did not meet the leasing threshold until the Eligibility Period, it is eligible and should be submitted. Projects in which the owner occupies space are eligible for the Award.  The development must be 50% leased (unconditional or occupied) by the submission date and the development costs must be at least $10,000,000 (including land, hard and soft costs)

 

The Retail / Mixed Use Development of the Year Award is open to development and re-development projects that have been completed or substantially completed during the Eligibility Period: January 1, 2015 to December 31, 2016. A retail / mixed use development is considered a building or a complex of buildings, which is entirely retail in nature or retail as well as office, residential, cultural or institutional uses whose functions are physically integrated. A minimum of 20% of the GLA in the project must be for retail, and eligible projects must be at least 50% unconditionally leased or sold by the submission date.  If a project was completed prior to the commencement of the Eligibility Period but did not meet the leasing threshold until the Eligibility Period, it is eligible and should be submitted. The development or redevelopment cost of the project including land, hard and soft costs must be at least $10,000,000. Projects in which the owner occupies space are eligible for the Award, provided that a minimum of 50% of the leasable area of the Project is leased or available for lease by third parties

 

The Investment Deal of the Year Award is open to investment transactions closed during the Eligibility Period, January 1, 2015 to December 31, 2016. If it is a single property transaction, the property must be located within Calgary and Region and must be used for office, industrial or retail / mixed use purposes. If it is a portfolio transaction, a material component of the properties portfolio must be located within Calgary and Region. The value of the transaction must be a minimum of $20,000,000 in order to be eligible. Projects or portfolios in which the purchaser occupies space (or intends on occupying space) are eligible for the Award, provided that a minimum of 50% of the leasable area is leased or available for lease by third parties.

 

NAIOP’s Developing Leader Award is given to young professionals 35 years of age or under, who have distinguished themselves in their professions and show great promise as future leaders of the commercial real estate industry. One or more awards may be available in any given year. Finalists in this category will be selected by a panel of current Directors of NAIOP Calgary Chapter.

 

The REX Awards are the most prestigious standards of achievement within the office, industrial and mixed-use real estate industry. The Lifetime Achievement Award is one of the individual honorary REX Awards presented annually by the Board of Directors of NAIOP Calgary Chapter. The Lifetime Achievement Award is given each year to a member of the Calgary commercial real estate industry to recognize the outstanding contributions and achievements throughout his/her career.