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Zibi a $1.5B development in the heart of Ottawa, Gatineau
Zibi a $1.5B development in the heart of Ottawa, Gatineau
Zibi is a four-million-square-foot, $1.5-billion, mixed-use development which will take another decade to complete. But to Jeff Westeinde, it is more than statistics, Zibi brings Ottawa and Gatineau full circle, reimagining and redeveloping the historical heart of the two cities.
Brookfield lays out its Niido / Airbnb partner strategy
Brookfield Asset Management has invested $200 million in a joint venture with Niido, Airbnb’s multi-family development partner, and managing director Jonathan Moore revealed more about the deal at the Canadian Apartment Investment Conference. “We’ve decided to try and pick apart a few different niches within the residential marketplace …” said Moore.
Agellan acquires interest in 1.9M-sq.-ft. distribution centre
Agellan Commercial REIT will add two southern U.S. industrial properties to its portfolio; a 50 per cent interest in a massive distribution centre in Atlanta, and 100 per cent ownership of a property in Austin, Texas. “The REIT is excited to expand its presence in both the Atlanta and Austin markets in which the REIT has strong knowledge and has had historical success” said Frank Camenzuli, Agellan’s CEO.
HSBC moving Toronto office to CF’s new 16 York tower
With the summer doldrums behind us, the major lease signing announcements are rolling in. HSBC Bank Canada says will be one of the principal tenants at Cadillac Fairview’s new 16 York Street office building in Toronto. HSBC and CF said the agreement means the financial institution will move its Toronto corporate office in October 2021.
‘Vertical city’: True mixed-use condos catch on in Ottawa
Master-planned, mixed-use communities are looking up in Ottawa. Our city is following in the footsteps of other large urban centres such as Toronto and New York, where these neighbourhoods are proving tremendously successful. Building “up” rather than “out” is making great use of precious land in Ontario, especially in major urban areas.
1,000 lease changes later . . .
Receiving that first response from a tenant we’ve not encountered before, after waiting for their review of a lease, is always interesting. We represent both tenants and landlords; this article has been written from the perspective in which I am representing the Landlord.
Six months ago: RioCan Living keeps REIT ‘ahead of the curve’
RioCan REIT senior vice-president Jonathan Gitlin says the new Riocan Living brand creates a distinct unit that will focus on the trust’s plans to redevelop 43 retail properties during the next seven-to-10 years. Gitlin told RENX the goal is to make those properties “more resilient and future-proof and ultimately more valuable.”
One year ago: InterRent buys Montreal, Hamilton apartments
InterRent Real Estate Investment Trust will spend $65 million to purchase two neighbouring high-rise apartment buildings in Montreal and a mid-rise apartment complex in Hamilton. “We are extremely pleased to announce these two acquisitions,” said InterRent CEO Mike McGahan. “In Montreal, one of the REIT’s core growth markets, this property is amongst the best locations, right in the heart of downtown.”
| Property Biz Canada, Thursday, August 30, 2018 |
| Residential building boom on Halifax Peninsula Property Biz Canada, August 30, 2018 |
| Greybrook’s Politis still hitting homers, as real estate investor Property Biz Canada, August 30, 2018 |
| U of T, Daniels build residential tower to ease housing crunch Property Biz Canada, August 230, 2018 |
| The People Space: New faces at Colliers, CDPG, CBRE Property Biz Canada, August 30, 2018 |
| Prime retail space remains elusive in Saskatoon The Saskatchewan Edge, August 30, 2018 |
| JLL Canada’s dramatic growth continues in 2018 Property Biz Canada, August 28, 2018 |
| Six months ago: Oxford reveals plan for 60-storey The HUB Property Biz Canada, February 27, 2018 |
| One year ago: Milborne-led JV revives Port McNicoll resort Property Biz Canada, August 24, 2017 |
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