Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Elysium moving forward with Toronto PBR projects of 36 and 70 storeys

6 days ago

Elysium moving forward with Toronto PBR projects

Elysium Investments has received Toronto city council approval for two highrise purpose-built rental developments. The 70-storey project on Isabella Street and the 36-storey building on Glenavy Avenue will offer a combined 928 units.

Westrich Pacific buys Edmonton City Centre, plans revamp

Edmonton’s downtown mall is set to get a massive facelift. Edmonton City Centre, which was ordered into receivership last year, has been acquired by Westrich Pacific Corp., after the approval of the purchase by the Alberta Court of King’s Bench.

Centre Rockland sold; future plans unfold for Montreal mall

Centre Rockland, one of Montreal’s best-known regional shopping centres, has changed hands in an unusual transaction reportedly carrying consideration of just $1, placing the Town of Mount Royal property under the control of Montreal real estate developer Jadco Corporation.

GO REIT-led group to acquire H&R REIT for $6.7 billion

Toronto-based H&R REIT is to be acquired in a $6.7B deal which will see its portfolio divided amongst a group of buyers in Canada and the U.S. The transaction will create Canada's second largest publicly traded residential REIT.

Four highrise buildings proposed for Scouts Canada HQ

Scouts Canada is looking to redevelop its national headquarters in Ottawa’s west end with four apartment buildings and a municipal park. An application has been filed with the City of Ottawa for a Zoning Bylaw amendment to permit the development.

City of Van. taking over animation studio office building

One of Vancouver’s major animation studios, WildBrain Studios, is preparing to leave its 77,000-sq.-ft. Mount Pleasant home after a decade, with the City of Vancouver now set to become the tenant of the entire office building.

McGill launches new analyst program revolutionizing CRE recruiting

McGill doesn't offer a dedicated CRE program, so its students built one themselves. The McGill Real Estate Club's inaugural Junior Analyst Program put 16 students through a real deal-analysis gauntlet, ending with a live pitch inside Scotiabank's Montreal CRE office.

Sponsored by: McGill Real Estate Club

Canada’s industrial vacancy rate falls as construction slows

Steady demand for warehouse space and a slowdown in new supply continues to lower Canada’s industrial vacancy rate following years of falling rents and rising vacancies, according to a recent report from Colliers.

Winnipeg multifamily portfolio targets national investors

A major multifamily portfolio in Winnipeg has hit the market. Consisting of three properties totalling 586 units, the portfolio is strategically located near the University of Manitoba, Victoria General Hospital and the city’s rapidly growing Bridgwater community.

Jollibee plans 26 new restaurants across Canada

Jollibee is preparing for one of its largest periods of Canadian expansion since entering the country a decade ago, with 26 new restaurants committed through franchise development agreements in Western Canada.

Three FreshCo discount grocers coming to Halifax area

FreshCo, Empire Company’s discount chain, will open on Aug. 20 at the Bedford Place Mall and on Cobequid Road in Lower Sackville. A third FreshCo will open in late fall in the former Bay space at Micmac Mall.

Skyline CEO says Canada must continue to build

As some housing developers hold back on new construction projects, one of Canada's largest real estate companies says it intends to keep building — and it’s important the country continues to do so.

42-storey rental tower planned near Weston GO-UPX

A residential tower planned in Toronto’s Weston Major Transit Station Area has grown from 38 to 42 storeys following an approved minor variance. The CentreCourt and Arkfield Development project has also shifted from condos to purpose-built rental housing.

Bristol Myers Squibb unveils $2.3B life science project

Global pharmaceutical company Bristol Myers Squibb will build a 600,000-square-foot manufacturing facility at McCord Development’s Generation Park in Houston. The project represents a US$2.3-billion investment in the new manufacturing campus.

TPG, Redfearn to buy $628M U.S. real estate portfolio

Private equity real estate firm Redfearn Capital has teamed up with one of TPG Inc.’s U.S. real estate platforms, TPG AG, to buy a portfolio of 53 industrial buildings worth US$628 million.

Industry Events