Commercial • Globe and Mail
A decade ago, an office landlord might have gone into crisis mode upon learning a tenant as large as Canadian Imperial Bank of Commerce was preparing to flee to a new development down the street.
RENX Commercial • Retail • National • January 8, 2019
Storefront, the world’s largest online marketplace for renting short-term retail space, has teamed up with Ivanhoé Cambridge to enter the Canadian market. The program will roll out at seven major shopping centres across Canada.
RENX Residential, Commercial • Condominiums, Apartments, Homes • Ottawa • January 8, 2019
Infill construction is common in major Canadian cities, so in that sense Ottawa’s Greystone Village is far from unique. What’s different about this Regional Group / EQ Homes development is that its 1,000 residents won’t be living in high-rise towers.
Alignvest Student Housing REIT announced it has entered into a binding contract to purchase the purpose-built student accommodation property at 265 Laurier Avenue East in Ottawa. The acquisition will increase the REIT’s asset base to more than $200 million.
Firm Capital Property Trust (FCPT) (FCD-UN-X) announced the acquisition of an 100 per cent interest in a multi-residential building consisting of 69 units located in Dartmouth, N S. The acquisition price is approximately $10.7 million, excluding transaction costs.
BTB REIT (BTB.UN-T) announced the acquisition of two office properties in Laval, Qué. With a total leasable area of more than 152,000 square feet, this $25,310,000 acquisition brings to 67 the number of properties owned by the trust.
Residential • Canada Newswire
Mattamy Homes has acquired a six-acre infill project consisting of two serviced multi-family sites in southeast Edmonton. Mattamy purchased the property from Melcor Developments for $5.6 million, with the deal closing on Dec. 14.
Commercial • Sustainable Biz Canada
Not only is sustainable development more important than ever in real estate but developers can profit by constructing LEED-certified buildings. That was the message from Mélanie Robitaille of Montreal-based residential developer Rachel Julien, at the Laval real estate forum.
Saskatchewan’s government admits it doesn’t expect anyone to step forward to take over the Global Transportation Hub (GTH) in its entirety. Even still, the government is taking the first steps toward divesting itself of the beleaguered inland port.
Commercial • CBC
A court victory for a group of citizens means 10 cemeteries in Toronto have become public land. Margot Boyd and Friends of Toronto Public Cemeteries argued land trustees Mount Pleasant Group of Cemeteries (MPGC), shouldn’t have ownership.
Residential, Commercial • CBC
For city archivist Paul Henry, maps are just one more way to tell Ottawa’s story. “You can see the resilience of community over time. You can see the evolution of a community over time,” says Henry.
Commercial • Ottawa Business Journal
It’s opened its doors to the King of Rock and Roll, the Queen Mother and Winston Churchill over the past century, but practically no ordinary Canadian has been inside Ottawa’s former train station across from the Château Laurier in more than a generation.
Commercial • Bisnow
The government shutdown has begun to impact facets of the U.S. commercial real estate industry, from multi-family loans to government contracts to retail spending — and the effects could be greater if it does not end soon.
Commercial • Commercial Observer
“Los Angeles is just New York lying down,” once wrote Quentin Crisp. Whether that’s true or not is up for debate, but one thing is certain: Both gateway cities are capital magnets.
Commercial • The Real Deal
As the largest private real estate development in the United States, Hudson Yards is a project every New York development company would dream of having its name on.
Commercial • Reuters
Sears Holdings Corp will ask a bankruptcy judge Tuesday if it can proceed with liquidation after it could not reach an agreement on chairman Edward Lampert’s $4.4 billion takeover bid, sources said.
With a full year ahead of us, we turned to one of the most reliable real estate analysts in the GTA, Ben Myers, president of Bullpen Research & Consulting Inc.., to learn more about what’s in the cards for 2019.
In 2018, those who were writing regularly about Montreal’s real estate market came close to running out of adjectives to describe a hot market that just seemed to keep gaining steam.
Residential • Globe and Mail (Subscription required)
Falling bond yields should push fixed-rate mortgage costs lower in the near term, possibly as early as this week, mortgage industry experts predict. Yields on five-year Government of Canada bonds have fallen sharply since November.
Manitoba homeowners in high-risk flood zones can now obtain flood coverage, thanks to a new insurance plan unveiled by the Co-operators this week. Comprehensive Water allows coverage for every type of risk from every type of flood.