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Reseau Selection building Canada’s tallest seniors tower
Reseau Selection building Canada’s tallest seniors tower
Construction is underway on a Quebec project that has attracted interest from China and will be the tallest seniors housing tower in Canada. The 30-storey Sélection Panorama is being built at a cost of $94 million by Réseau Selection in the Sainte-Dorothée neighbourhood of Laval.
CRE Panel: Colliers VP ‘bullish on Montreal’
While it may not garner the headlines reserved for the Toronto and Vancouver real estate markets, Colliers International senior VP Jean-Marc Dubé told attendees at the May 3 Land & Development Conference he’s “bullish on Montreal these days.” (Part II of our feature on recent major land deals, featuring Montreal and Toronto.)
Moodyville makeover: Evolv one of many developments
North Vancouver’s Moodyville neighbourhood is about to become a lot more densely populated, as 256 detached homes will be replaced with approximately 1,890 ground-oriented wood-frame housing units. “Most of those homes will be either torn down, moved or potentially retained on site if they have heritage value,” said rareEarth Project Marketing president James Askew, who’s marketing a new townhome development called Evolv in Moodyville.
CRE execs give Fair Housing Plan a rough ride
Ontario’s Fair Housing Plan got a rough ride during the May 3 Land & Development Conference at the Metro Toronto Convention Centre. The policy was introduced by Premier Kathleen Wynne’s Liberal government last month to help more people find affordable housing, increase supply, protect buyers and renters, and bring stability to the province’s real estate market.
Minto Capital acquires Calgary Radisson Place
For the second straight week, Minto Capital Management has made a significant Monday-morning transaction announcement. The company has acquired Radisson Place in Calgary, a 12-storey multi-residential building which includes 11,400 square feet of commercial space. It was purchased by Minto’s Canadian Real Estate Value-Add Fund LP (which the company refers to as Fund II).
Sears Canada quietly drops spring/summer catalogue
My grandmother and I recently discussed the future of Sears Canada. Outside of heavy news coverage of the U.S. Sears hardships, she identified something that dropped from all our radars: the absence of a Spring/Summer 2017 catalogue.
Six Months Ago: Greybrook’s impressive pipeline of property investments
Greybrook Realty Partners Inc. made headlines with the sale of a residential condominium site in October, one of the largest sales measured in dollars of its type in Toronto’s history. The company however has an impressive pipeline of investments in property developments primarily in the GTA but also in Florida and Manhattan.
One Year Ago: Milestone REIT doubles in size with Landmark deal
It has taken Milestone Apartments REIT more than two years of operation as a public entity to acquire US$500 million worth of garden-style apartments in U.S. Sunbelt markets. Last month, the Dallas-based REIT matched that two-year-plus history with the stroke of a pen.
| Property Biz Canada, Tuesday, May 2, 2017 |
| Nexus looks forward to major growth after merger Property Biz Canada, May 2, 2017 |
| Minto Place deal a big step in new direction Property Biz Canada, May 2, 2017 |
| Slate Office REIT targets Toronto’s 427 Corridor Property Biz Canada, May 2, 2017 |
| Toronto Woodbine to become a ‘city within a city’ Property Biz Canada, May 2, 2017 |
| Lobo’s mission: More purpose-built rentals in Canada Property Biz Canada, May 2, 2017 |
| Mattamy, Tridel take top GTA BILD awards Property Biz Canada, May 2, 2017 |
| Six months ago: Toronto condo site sells ‘at the right price’ Property Biz Canada, May 2, 2017 |
| One year ago: Firm Capital eyes Delavaco as springboard to U.S. Property Biz Canada, May 2, 2017 |
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