Nexus REIT bulks up on ind. with $206M in acquisitions

RENX  Commercial  •  Industrial  •  National

Nexus REIT’s (NXR-UN-T) focus on industrial properties, and its graduation to the TSX, have led to acquisitions valued at over $206 million over the past four months. “(The TSX) was the next logical step for us,” CEO Kelly Hanczyk said.

Growing Bluebird Self Storage acquires 5 Alberta sites

RENX  Commercial  •  Industrial  •  National, Alberta

Toronto-based Bluebird Self Storage continues to expand across the country with an aggressive plan to grow its portfolio. Recently, the company announced it had acquired StoreSmart Self Storage’s five Alberta locations.

Oxford expands life sciences portfolio in San Francisco

RENX  Commercial  •  Industrial, Office  •  International

Oxford Properties Group is pushing full speed ahead with its life sciences portfolio, announcing Thursday morning it has acquired the 402,700 square foot Foundry31 mixed-use property in San Francisco’s East Bay neighbourhood for about $216 million Cdn.

Brivia building 19-storey residential in downtown Mtl.

Residential  •  Canada Newswire  •  La Presse  •  RENX

Brivia Group, in partnership with Tianqing Investment Group, announced Mansfield, a neoclassical inspired $200-million 19-storey residential tower will be built in the heart of downtown Montréal at Sainte-Catherine and Mansfield streets. The building will house 248 residential units,

Clarke acquires 1/3 interest in 38-storey Mtl. building

Residential  •  Canada Newswire

Clarke Inc. (CKI-DB-T) announced it has entered into a joint venture with Claridge MCH Limited Partnership and EMD-Batimo Inc. to acquire a one-third interest in a 38-storey building including seniors’ housing and luxury condominiums at 1111 Atwater Ave. in downtown Montreal.

Five retailers announced for Espace Montmorency

Residential, Commercial  •  Canada Newswire  •  RENX

Groupe Montoni’s $450-million-plus Espace Montmorency project, which will house the Laval offices of Deloitte, and the head offices of Montoni and Selection Group, will add five retail banners in 2022: Ange Boulangerie, Poulet Rouge, French Takos, Benny&Co and Kababgy.

The Property Law Hub › Court provides guidance on when leases can (and cannot) be transferred

Daniel Waldman: Lawyer, Pallett Valo LLP

Brightwater taking shape on Port Credit’s waterfront

Residential, Commercial  •  Toronto Star  •  RENX  •  RENX

Brightwater – the 72-acre master-planned brainchild of the Port Credit West Village Partners, a team of experienced developers comprised of Kilmer Group, DiamondCorp, Dream Unlimited and FRAM + Slokker – will set the benchmark for future waterfront community design across Canada and beyond.

Wellness at centre of Belford’s Van. development

Residential  •  urbanYVR

Belford Properties is preparing to launch the first of four developments under its Wellside Collection banner. Belford is building 42 stacked townhouses  in the Cambie Corridor, from one-bedroom, two-bedroom (and two-bedroom + den), to three-bedroom and three-bedroom and den.

Halifax named Canada’s best community by Maclean’s

Residential, Commercial  •  Vancouver Sun

In its annual list of Canada’s best communities, Toronto-based national news magazine Maclean’s has chosen Halifax, thanks to its affordable housing prices and impressive urban amenities, as its No. 1 choice followed by Fredericton and St. Thomas, Ont.

How do airports rebound post-pandemic?

Commercial  •  Financial Post  •  Ottawa Business Journal

Of all the business problems caused by the pandemic, the disruption to airports stands out. Revenues have plummeted, but expenses haven’t. And because airports play a vital role in the community, they remained open.

Eat Beyond’s upgraded facility up and running

Commercial  •  Canada Newswire

Eat Beyond Global Holdings Inc. (EATS-CN), an investment issuer focused on the global plant-based and alternative food sector, announced The Very Good Food Company Inc.’s (VERY-X) upgraded 45,000-square-foot manufacturing facility in Vancouver is in operation.

Bank of Canada backs tighter mortgage stress test

Residential  •  Financial Post  •  Globe and Mail (Sub. required)  •  Financial Post

The Bank of Canada Wednesday threw its support behind a tighter mortgage stress-test proposal and measures outlined in the budget designed to cool the red-hot housing market, which has been spurred by unique economic conditions borne out of the pandemic.

Toronto condo sales jump 80 per cent in Q1

Residential  •  Toronto Star  •  Globe Newswire  •  Globe Newswire

The condo sector’s pandemic sales slump appears to have ended but selling prices remain below pre-COVID levels, according to the Toronto Regional Real Estate Board. On Thursday, it reported an 80 per cent year-over-year jump in first-quarter sales.

Baby boomers bailing out T.O.’s condo market

Residential  •  Daily Hive

According to a new report from Strata.ca, Toronto’s baby boomers are selling their larger homes not just to cash in on the high sale prices, but to be able to help their kids enter the housing market.

First-timer buyers jump-start Edmonton market

Residential  •  Edmonton Journal

First-time buyers have led the charge in jump-starting the city’s previously ailing market, says Edmonton realtor Deidre Harrison with Liv Real Estate. “Approximately 50 per cent of clients over the last year have been first-time home-buyers,” says Harrison.

Athleta to open first Canadian stores

Commercial  •  Canada Newswire  •  Chain Store Age  •  Retail Insider

Gap Inc. (GPS-N) brand Athleta announced it will enter Canada in fall 2021, its first expansion outside the U.S. Athleta’s first Canadian stores will be at Yorkdale Shopping Centre in North York and Park Royal Shopping Centre in West Vancouver.

CPP, ESR upsize investment in Korea Income JV to $1B

Commercial  •  Canada Newswire  •  IPE Real Assets

CPP Investments and ESR Cayman Limited announced they will collectively upsize their investment in the Korea Income Joint Venture by a further US$500 million, effectively doubling the size of the venture to US$1 billion in total equity allocation.

Prologis enjoys record-breaking quarter

Commercial  •  Bisnow

Prologis (PLD-N), the largest owner of distribution centres on the globe, broke record after record in its first quarter as it finds itself in the enviable position of being able to handpick its tenants, CEO Hamid Moghadam said Monday.

Mattamy Homes opens Tampa Bay-area community

Residential  •  Canada Newswire  •  Canada Newswire

Mattamy Homes, North America’s largest privately owned homebuilder, has unveiled its newest Tampa Bay-area community, Volanti. Volanti will be a gated community offering stylish, low-maintenance townhomes ranging from 1,667 to 2,574 square feet with three or four bedrooms.