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Recent Articles

Leasing, sales begin for Kelowna’s Bernard Block

4 years ago

RENX   •   • 

Mission Group has kicked off pre-leasing for an office tower and sales for the second condominium tower at its downtown Bernard Block development in Kelowna. Bertram’s condos will join the Brooklyn condominiums at the master-planned, mixed-use project.

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Development plans for a Lululemon (LULU-Q) mega-complex in Vancouver’s False Creek Flats neighbourhood will go to a public hearing next week. The 500,000-square-foot Lululemon Athletica mothership would be more than four times the size of their current Kitsilano headquarters.

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Surrey building-permit values topped $2 billion for the first time in 2019, prompting Mayor Doug McCallum to boast his city had entered “uncharted territory,” while critics questioned if any charting was being done to meet the demands of a growing population.

RENX   •   • 

With family roots in construction dating back to the 1970s, it was a natural progression for Adam Taverna to get into the development game by forming Crown Communities in 2014. The Concord, Ont., company has a team of 10 people in-house.

Romspen Commercial Lender

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It’s no secret that Toronto is getting taller. You can see the evidence throughout the downtown skyline and beyond. But what Torontonians might not know is that their city could soon outstrip Chicago in the number of skyscrapers over 492 feet.

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Six rental residential buildings with 916 rental units are coming to Toronto’s Mirvish Village. The project, developed by Vancouver-based Westbank Corp. and Peterson Group, is receiving financing through CMHC’s Rental Construction Financing initiative (RCFi), a National Housing Strategy program.

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Opponents of Broccolini‘s gigantic Amazon-type warehouse development in North Gower are taking their fight to the Local Planning Appeal Tribunal. Ottawa City Council last month gave the green light to the 700,000-square-foot, 98.5-foot tall warehouse.

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A City of Ottawa planning report in support of a 500-home development on a gravel pit in Barrhaven says the province’s ministry in charge of natural resources confirmed the site has been mined of its sand and gravel.

Yardi Multifamily Suite

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Robinson Village Ltd. Partnership’s controversial plan to build four mid-rise apartment buildings that would add more than 300 rental units to a small Ottawa neighbourhood is set to go before the city’s planning committee next week.

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The City of Vancouver has begun rolling out a new incentive program to encourage the development of rental housing projects, but the  looming 28-storey tower proposed at 2538 Birch St. will get more push-back than any of the others.

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The proposal for an arena at CF Lime Ridge mall is almost dead at Hamilton city hall. City councillors voted 11-3 Wednesday to walk away from the idea put forward by mall owner Cadillac Fairview and Bulldogs hockey team owner Michael Andlauer.

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New rules and regulations governing privacy, data collection and digital infrastructure in Toronto will take until late 2021 to finalize — well after the March deadline for Waterfront Toronto to make its final decision on the fate of Sidewalk Labs’ Quayside project.

Energy Profiles Limited

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Is Montreal’s enduring problem with vacant storefronts caused by the fact it’s inundated with retail space? Since 1980, the amount of commercial space available has increased by 250 per cent, while the population has remained relatively stable and shopping habits have changed.

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At first blush, it looks like Newton Glassman, Canada’s distressed debt king, capped a forgettable 2019 with two massive wins. First, Glassman’s Catalyst Capital Group sold its Canadian casino company, almost eight years after it first tried to exit its investment.

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Global commercial transaction volumes reached an all-time high of $800 billion, increasing four per cent year-over-year and making 2019 the most liquid year on record, according to research published today by JLL (JLL-N).

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After pulling its much-hyped IPO late last year and raising emergency funding from SoftBank, WeWork’s leasing activity in the fourth quarter slowed to a crawl. The company signed only four new leases covering 184,022 square feet of space in Q4 2019.

Real Capital

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Ontario’s plan to overhaul its controversial new home warranty program is coming under fire from critics who warn there are not enough specific proposals in it to fix a system the government itself calls “broken.”

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Four lots with single-family homes in the Strathcona neighbourhood could soon be the site of a mixed-use seven-storey building by Beljan Developments. It would include commercial space on the ground level and up to 60 residential units.

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The City of Fredericton has approved two eight-storey apartment buildings for the Sunshine Gardens neighbourhood across from Odell Park. Fredericton’s planning advisory committee approved the project through a variance, a process that doesn’t require the approval of city council.

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Edmonton’s housing market isn’t moving much but Jennifer Lucas, the chair of the Realtors Association of Edmonton, says the biggest hurdle for homebuyers and sellers is the mortgage stress test.

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