Worried you might have missed something important from the commercial real estate world while you were away? As always, RENX is here to help.
We’ve compiled a list of the most significant, and most-read, articles which we published from June through August. It’s designed so you can quickly get back into the swing of things as we head into the fall season.
The stories are not listed in any particular order, but include top articles from all the major real estate investment sectors as well as a several columns which struck a particular chord with readers – whether they were working from home, at the office, or at the cottage.
Our essential summer CRE catch-up list includes:
Artis REIT has announced a “milestone” transaction, an unconditional agreement to sell its 28-property, 2.5-million-square-foot Greater Toronto Area industrial portfolio for $750 million.
Cadillac Fairview is now the sole owner of the Toronto Buttonville Municipal Airport, a 169-acre property in the City of Markham which for years has been considered a prime site for a major redevelopment.
Calgary-based Avenue Living Asset Management Ltd. has acquired three portfolios in the Edmonton area, comprising more than 1,500 residential rental units, for about $275 million.
“What we really like about the site is that it’s one of the last few large development parcels close to the downtown core,” Tricon Residential’s Andrew Joyner told RENX.
The “Dream team” behind what is arguably the largest and most complex waterfront redevelopment in Canada has taken full ownership as the multi-billion-dollar project continues to unfold in the National Capital Region.
Nexus REIT (NXR-UN-T) continues to transform to a pure-play industrial entity. There are four transactions involved in the announcement, including properties in Ontario, Alberta, Saskatchewan and New Brunswick.
Decade Capital has closed on what founders Idan Mizrahi and Mike Siskind call a “marquee acquisition” in the Greater Toronto Area city of Pickering.
It was a busy couple of weeks at CAPREIT, which acquired apartment portfolios in Victoria and London, Ont., as well as two manufactured homes communities with 342 sites near Windsor.
In addition to this industrial announcement, Blackstone continued its increased investment focus on Canada, partnering with Selection Group in Quebec to acquire 13 seniors homes.
For much of his economic update during the virtual Land and Development conference, CIBC deputy chief economist Benjamin Tal had a familiar optimistic theme. However, he also injected a stronger note of caution.
When the iconic The Bow tower was conceived and built at the height of an energy boom, it was a symbol of Calgary’s status as a key economic driver in the country.
The value of Greater Toronto Area (GTA) commercial real estate transactions hit a record $13.2 billion in the first half of 2021, an increase of 68 per cent over last year.
SmartCentres REIT has obtained a Minister’s Zoning Order from the Ontario government to start “immediately” redeveloping its 73-acre SmartCentres Cambridge shopping centre into an 11-million-square-foot, mixed-use neighbourhood.
Some very popular, and very timely, opinion columns:
The housing market across Canada has been on a 16-month tear that could be considered overly exuberant, but has this left it on a crash course? I don’t think so, judging by the 2021 half-time housing data. (By Columnist John Clark)
Wow, the recent news surrounding the Libfeld v. Libfeld dispute is getting a lot of attention! This raises the profile of intergenerational real estate to a new level … (By Columnist Derek Lobo)
Reminiscent of the Wild West – this is the best way to describe what the Montreal industrial landscape will be like in the next six to 12 months as demand for space outpaces supply. (By Columnists Jean-Marc Dubé and Arnold Fox)
In Toronto, we talk a lot about the “missing middle” – the concept that there is a lack of housing options falling somewhere in between detached homes and mid-rise and tall buildings. (By Columnist Naama Blonder)