2 towers top off at Mississauga’s M City, more to come

RENX  Residential  •  Retail, Condominiums  •  Toronto / GTA

The first two condominium towers have been topped off and two more are under construction, but there’s still a lot more to come at the M City development in Mississauga.

Skyline buys 100% interest in Mtl. industrial complex

RENX  Commercial  •  Industrial  •  Quebec, Greater Montreal

Skyline Industrial REIT has bought out its development partners Rosefellow, F.I.T. Ventures and Wellmount in a newly developed light industrial complex in Greater Montreal.

De Havilland to build Alberta aircraft plant, offices

Commercial  •  Calgary Herald  •  CBC  •  PR Newswire

De Havilland Aircraft of Canada on Wednesday unveiled ambitious plans to build a major airplane manufacturing complex and aerodrome in Wheatland County, Alta., approximately 30 minutes east of Calgary. The project, to be built on 1,500 acres, will include its head office.

Design, Policy and Canadian Cities › Minister’s Zoning Orders vs. community engagement

Naama Blonder: Architect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP

AIMCo opens new downtown Calgary office

Commercial  •  Calgary Herald  •  Toronto Star

After 14 years, the Alberta Investment Management Corp. finally has a footprint in the province’s economic centre. AIMCo opened its second Alberta office on Wednesday on the 17th floor in the third tower of Bow Valley Square in downtown Calgary.

Sponsored by Yardi Can technology solutions encourage a return to office?

Yardi serves clients in every real estate market, across Canada, the U.S., and the world. From Saskatoon to San Antonio to Stuttgart, the question on their minds is remarkably similar: What does a return to the office look like . . .

Ottawa city council opposes development projects

Residential  •  Ottawa Citizen

Ottawa council has voted against two proposed development projects — a proposal to build two four-storey residential buildings on Steacie Drive in an industrial business park in Kanata North and Welldale Limited Partnership’s 16-storey proposal in Hintonburg.

Cartareal proposes 64-storey mixed-use

Residential, Commercial  •  blogTO

Cartareal has applied to tear down the 1958-built former Shell Oil Building at 505 University Ave., and replace it with a 64-storey tower with 704 condominium units – 400 one-bedrooms, 233 two-bedrooms and 71 three-bedrooms – and 268,226 square feet of office space.

Streetcar proposes condos for historic T.O. block

Residential, Commercial  •  blogTO

Streetcar Developments is proposing to revive a block of buildings constructed from 1889 to 1890. The plan from Giaimo would fuse the block at 641-653 Queen St. E. with a modern nine-storey rear addition with 85 condo units and 8,686 square feet of retail.

Crombie, Westbank seek higher density for Van. project

Residential  •  Daily Hive

After the October civic election, Crombie REIT and Westbank will propose taller building heights for their Broadway Commercial project near Vancouver’s SkyTrain Commercial-Broadway Station. Added density will increase the number of homes from 653 to 894 units.

Kitchen Hub, Longo’s open T.O.’s first virtual food hall

Commercial  •  Canada Newswire

Kitchen Hub, Canada’s first virtual food hall, has opened its fourth location inside Longo’s Liberty Village. This opening marks the first ghost kitchen concept to open inside a grocery store in Toronto — and the first of its kind in Canada.

G2S2 increases Slate Office ownership to 14.34%

Commercial  •  Canada Newswire

G2S2 Capital announced its wholly owned subsidiary has increased its ownership of of Slate Office REIT‘s outstanding units to 14.34%. On Monday, Armco Alberta acquired 234,900 units of Slate Office at a price of $4.46 per unit, representing approximately 0.29% of the outstanding units.

Brookfield backs record Champs-Elysees sale

Commercial  •  Bloomberg

A building on the Champs-Elysees changed hands for more than $600 million US, a record for a CRE transaction on the landmark Parisian avenue. The Cheval Paris fund, managed by Mimco Asset Management, has Canadian fund Brookfield as a backer.

Family offices turn focus toward industrial

Commercial  •  Wealth Management

Pontegadea Inmobiliaria, the family investment company of Zara owner Amancio Ortega, recently acquired seven U.S. distribution facilities for nearly $1 billion. The deals reflect a pattern of family office investors switching their focus from office properties to logistics facilities.

U.S. developers planning sequels for theatres

Commercial  •  Bisnow

Long seen as a potential saving grace for battered retail centres, movie theatres have been well-trafficked destinations that could draw crowds to nearby stores and restaurants, but as major theatre chains struggle, these big boxes could instead become redevelopment targets.

Two more years of China CRE woes: HSBC CEO

Residential, Commercial  •  Bloomberg  •  Globe and Mail (Sub. required)

The “massive” correction to China’s CRE market may have at least another two years to run, according to HSBC Holdings CEO Noel Quinn. HSBC said last month it would take further charges against its $12 billion-plus of exposure to China’s CRE.

Teranet home price index posts biggest drop in its history

Residential  •  Financial Post

The Teranet–National Bank National Composite House Price Index fell 2.4 per cent from July to August. It was the largest monthly decline recorded since the index started in 1999. On an adjusted basis, the index fell a record 2.1 per cent month-over-month.

GTA new home sales fall below 10-year average

Residential  •  blogTO  •  Globe Newswire

The GTA new home market slid in both the number of sales and inventory levels in August, falling well below 10-year averages, the Building Industry and Land Development Association (BILD) announced on Thursday.

Daniels breaks ground on Daniels on Parliament condos

Residential  •  Business Wire  •  RENX

The Daniels Corporation officially began construction on Daniels on Parliament, the final condominium within the third phase of the Regent Park revitalization. The condominium will feature two towers, at 25 and 10 storeys, rising from a shared podium.

U.S. home sales fall for seventh straight month

Residential  •  Toronto Star  •  Business Wire  •  Globe and Mail

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot market, says the National Association of Realtors.