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Recent Articles

IPA brokering four prime Edmonton properties

5 years ago

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Institutional Property Advisors is brokering deals for four Edmonton properties that have attracted strong investor interest. The “Core Edmonton Portfolio” is comprised of three high-rise apartment projects; the “Longstreet Redevelopment Opportunity” is a partnership with First Capital Realty (FCR-T).

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Montreal has joined Toronto and Vancouver as Canada’s hottest office markets, surpassing the west coast city for Q1 net absorption, according to JLL. “Montreal experienced the fastest economic growth out of all major Canadian cities in 2018,” said JLL’s Allison Wang.

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The $500-million expansion of Calgary’s BMO Centre will be planned and designed by three national and international architectural firms, officials announced on Thursday. The Calgary Municipal Land Corporation (CMLC) chose Edmonton-based Stantec, S2 Architecture and Populous.

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Torstar (TS-B-T) says it will close its Hamilton printing and mailroom operations this summer and look at selling the property. The printing work will be transferred to TC Transcontinental Printing and other Torstar-owned facilities as well as other external printers.

Romspen Commercial Lender

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The fifth — and possibly final — version of the addition to Ottawa’s Fairmont Château Laurier is public, and while it’s smaller in scale than what was originally proposed, it’s unlikely to find fans among those who’ve already criticized the modern design.

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When Yang Wang opened his all-you-can-eat sushi restaurant four years ago, he had high hopes. But when the city started ripping up St. Catherine St. for Phase 1 of a major infrastructure overhaul in early 2018, things started to slide.

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Fronsac REIT (FRO-UN-X) today announced the acquisition of two properties in Lachute, Que., –  a retail store operated under the Walmart banner and a quick service restaurant under the Tim Hortons banner. Total consideration paid was $9.5 million.

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Windsor is moving forward with a multi-million-dollar investment in public transit, bike lanes, sidewalks and other active transportation projects. The city expects to see $145 million spent on transit and active transportation through the Investing in Canada Infrastructure Program.

Legacy Business District

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A massive overhaul of Victoria Park/Stampede CTrain station to bring the station to ground level and create level pedestrian crossings will cost $60 million. The change will extend 17th Avenue into Stampede Park, knocking the station down and rebuilding it entirely.

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A real-estate deal involving a bowling alley sitting on a prime piece of Burnaby development property was “tainted by illegality” and has been deemed unenforceable by a B.C. Supreme Court judge.

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Vancouver condo developer Wesgroup Properties is offering free wine to pre-sale buyers in an attempt to one-up a competitor that offered free avocado toast to purchasers — attention-seeking gimmicks for a slowing real estate market.

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Federated Co-operatives Limited (FCL) will acquire Terra Grain Fuels‘ 150-million-litre-per-year ethanol plant near Belle Plaine, Sask. The 185,000-square-foot plant contributes more than $100 million annually in economic impacts to southern Saskatchewan.

Community Trust

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Blackstone Group LP is seeking $5 billion for its latest fund that invests in real estate debt, according to a source. The vehicle, Blackstone Real Estate Debt Strategies IV, will focus on property-related wagers in public and private debt globally.

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HFF Securities, L.P. and Holliday Fenoglio Fowler, L.P. announced they have advised CNL Healthcare Properties, Inc. on its $1.25-billion sale to Welltower Inc. of a Class A medical office portfolio totalling 55 buildings across 16 states.

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If emergency planners in this country look at California’s seismic preparations with envy, their American counterparts are starting to look with worry at something they may have overlooked for a long time: steel skyscrapers built between the 1960s and 1990s.

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Sales of new U.S. homes sank 6.9 per cent in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers.

Land and Development Conference

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A new student rental building has been proposed at 409 Huron St. on the doorstep of the University of Toronto. A rezoning application was submitted on behalf of the Impressions Group, calling for a SvN-designed four-storey student-focused residential apartment building.

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Federal policy makers should not give in to calls to soften the mortgage stress test rule because it is protecting Canada from a potential housing crash and financial crisis, according to the head of Canada’s national housing agency.

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Richmond city council is not pushing for an extra empty-homes tax, but they are going to ask the province to return the tax it collects on vacant homes to municipalities.

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A proposal to transform the former Tally Ho motel site into a mixed-use development with 153 units of affordable rental housing will go to public hearing in Victoria. The Victoria Cool Aid Society with TL Housing Solutions propose a two-phase development.

RENX in Review: Our Top Recent Stories

Most Viewed  Crombie nears midpoint of $511M redevelopment plans

Editor’s Pick The prospects for large-bay, multi-storey industrial in Canada

Iconic Conversion Transformation of Sutton Place into The Brit condos near complete

Opinion Sage commercial real estate advice for entrepreneurs

ICYMI Last Week GTA has 2,000 sites to build possible new housing: Report

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