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Recent Articles

Robots, Colliers, VTS push tech into spotlight at TREF

4 years ago

RENX   •   • 

If there was one takeaway from the Toronto Real Estate Forum  it’s that tech has begun its reign in CRE. The conference opened with an interactive robot on stage, featured a jam-packed proptech Demo Day, and a half-dozen related presentations.

RENX   •   • 

Having offices in the tallest inclined tower in the world makes for an excellent way to attract employees, a representative of the Desjardins financial cooperative says. 1,300 employees now work in the Tour de Montréal at the Olympic Stadium.

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The stage is set for Broccolini’s proposed warehouse after a City of Ottawa committee approved plans in principle for the project Thursday. Though Broccolini sought heights of 98.5 feet for a 700,000-square-foot facility, the report recommended a maximum height of 72 feet.

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A Patrizia fund, in partnership with Danish pension fund PFA and South Korea’s Public Officials Benefit Association, has acquired a CAD$1.75 billion European logistics portfolio from BentallGreenOak’s GreenOak Europe Fund II value-add fund.

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A deal to build a new arena in downtown Calgary is official. In the agreement, the Calgary Sports and Entertainment Corporation, which owns the Flames, and the City of Calgary will equally split the cost of the $550-million facility.

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One of Vancouver’s biggest employers in the tech sector is shaking up its leadership team and moving its head office to Toronto. Vision Critical Communications Inc. announced Ross Wainwright has replaced Scott Miller as CEO of the company.

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The Sahota family – owner of two Downtown Eastside properties – is taking the City of Vancouver to court over its attempt to expropriate the Balmoral and Regent hotels for $1 each. Lawyer Evan Cooke says the city has overstepped its bounds.

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The province is suing to have a $1.83-million Langley property forfeited, alleging it has been used to produce drugs and launder money. Named in the suit are a numbered company that owns the property and company sole director Milan Pocuca.

Captivate

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Spruce Point Capital Management, a New York-based firm with a history of shorting TSX-listed stocks, made Canadian Tire Corp. (CTC-T) its latest target on Thursday, outlining the challenges the company faces in its “antiquated” retail stores and in eliminating its debt.

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Golpro Holdings has purchased one of downtown Ottawa’s most recognizable heritage buildings – the five-storey Trafalgar Building at 207 Queen St. – from Toth Equity for $8.5 million with the aim of turning it into a top-tier commercial property.

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It’s an aging fixer-upper on a large lot just 800 metres away from the University of Ottawa. When prospective buyers came to look at her next-door neighbour’s house, Christine Aubry believes they saw its potential. And that’s what scared her.

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Enterprise Holdings Inc., announced it will acquire Discount Car and Truck Rentals, a leading Canadian car and truck rental company serving customers across Canada. This includes all corporate-owned locations and the Quebec licensee’s daily rental businesses.

Marcus & Millichap

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Partners REIT (PAR-UN-T) announced the plan of arrangement pursuant to which McCowan and Associates Ltd. will acquire all of the outstanding units of the REIT for a price of $0.78 in cash per unit was approved by its unitholders.

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National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) announced an agreement for CPPIB to invest up to US$600 million through the NIIF Master Fund.

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Prologis, Inc. (PLD-N) announced the expansion of its development venture in China and increased its development capacity to more than US$3.5 billion. Prologis also announced the formation of its new US$1.7 billion open-ended Prologis China Core Logistics Fund, LP.

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Inovalis REIT (INO-UN-T), which owns a 25 per cent interest in an office building in Arcueil, France, has an agreement to acquire the remaining 75 per cent interest in the property. The Arcueil property has office floor plates of approximately 27,000 square feet.

Informa - 2020 Events

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Queen’s Park says it has cleaned house at Tarion Warranty Corp., homebuilder regulator and new home warranty provider. Government and Consumer Services Minister Lisa Thompson announced Tarion CEO Howard Bogach is retiring and board chair Paul Golini Jr. has resigned.

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Airbnb is taking steps to crack down on parties and nuisance guests in the wake of a Halloween shooting at an Airbnb rental in a San Francisco suburb. The company is banning “open invite” parties at all of its accommodations.

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In total, 4,084 residential sales were concluded in November, a 13 per cent year-over-year increase, according to the Quebec Professional Association of Real Estate Brokers (QPAREB) its most recent residential real estate market.

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Soaring house prices and rising personal debt are making it impossible for many millennials, even those with good paying jobs, to ever afford a home, finds a new poll commissioned by KPMG in Canada.

Industry Events

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