Mattamy, QuadReal JV on T.O.’s Cloverdale Mall Phase 1

RENX  Residential, Commercial  •  Retail, Apartments, Condominiums  •  Toronto / GTA

Mattamy Homes has been selected as the joint venture partner for the first phase of QuadReal Property Group’s Cloverdale Mall redevelopment project in Toronto. Mattamy will acquire an ownership stake in the standalone 2.3-acre “Triangle Site.”

Place Ville Marie celebrates 60 years with $200M reno

RENX  Commercial  •  Office, Retail  •  Greater Montreal

Place Ville Marie, the cruciform office tower that helped create a modern downtown Montreal and its underground pedestrian city, turns 60 with a $200M lease on life. To celebrate, The Ring art installation will be lit for the first time tonight.

Vancouver’s industrial development squeeze tightens

Commercial  •  Business In Vancouver  •  RENX  •  RENX

Supply-chain bottlenecks and inflationary pressures squeezing the economy are also complicating the already challenging Lower Mainland industrial property sector, says Josh Gaglardi, principal of Langley-based Orion Construction, which specializes in light industrial and commercial projects throughout Metro Vancouver.

Genesis gets OK for Calgary housing developments

Residential  •  Canada Newswire

Calgary council has approved removing the Growth Management Overlays on Genesis Land Development’s Lewiston and Logan Landing developments. Genesis expects to break ground in early 2023 on the two projects, which will include 3,000-plus housing units.

Minto launches North Oak Tower 3 at Oakvillage

Residential  •  Urban Toronto  •  Daily Commercial News  •  RENX

Minto Communities GTA recently launched North Oak Tower 3, the next phase of the Oakvillage master plan in Uptown Oakville. The 20-storey residential tower is designed by BDP Quadrangle and will add 239 residential units to the growing development.

Brivia launches first two phases of Tremblant project

Residential  •  Canada Newswire  •  RENX

Five months after publicly announcing its intention to develop a major residential project in Mont-Tremblant, Que., Brivia Group launched the first two phases of L’Hymne des Trembles. The first two phases comprise a total of 79 residential units.

Why a sale-leaseback might be the right decision for your business

Bronwyn Scrivens: Associate Broker, Omada Commercial

Bluevale acquires 21-unit Maple Ridge apt. building

Residential  •  Globe Newswire  •  RENX

Bluevale Capital Group announced the acquisition of Mariner Watch Apartments in the heart of Maple Ridge, B.C. Mariner Watch Apartments is a 21-unit multi-family waterfront property located in Haney, Maple Ridge’s largest neighborhood.

RDARS opens Pickering manufacturing facility

Commercial  •  Canada Newswire

RDARS Inc. (RDRS-CN), a technology company developing advanced autonomous drone and robotic systems for alarm system augmentation and surveillance, has opened a manufacturing facility in Pickering, Ont,, for the production of its Eagle Eye and Eagle Nest products.

Springbank brings real estate expertise to clean energy

Residential, Commercial  •  Sustainable Biz Canada

Springbank Energy says its energy-as-a-service model offers technological versatility and an intimate understanding of the Canadian real estate industry to springboard the sector’s net-zero transition.

Metro completes renovations on Milton location

Commercial  •  Canadian Grocer

Metro’s Milton, Ont., location held its grand re-opening on Thursday after eight months of renovations. The 54,000-square-foot upgraded store – which has been part of the community since 2006 – will add 30 new employees to its headcount.

Threeosix, Marcel Colomb FN agree to construction JV

Residential, Commercial  •  Canada Newswire

Threeosix Industrial Services and Marcel Colomb First Nation announced the signing of a joint venture agreement. Threeosix will work with MCFN in pursuing contracts related to project development in MCFN’s traditional territory, including around the town of Lynn Lake, Man.

Atlas acquires CPP, OMERS’ stake in Chicago Skyway

Commercial  •  Bloomberg  •  Globe and Mail (Sub. required)

CPP Investments and OMERS Infrastructure have sold their respective one-third stakes in the 12.5-kilometre Chicago Skyway toll road to Atlas Arteria Group for $2.01 billion. The deal forms a venture with Ontario Teachers’ Pension Plan, which will retain its 33.33% interest.

Zara founder snapping up U.S. logistics centres

Commercial  •  Bisnow  •  Saltwire

The founder of Spanish fashion chain Zara is making a serious bet on logistics in the U.S., dropping $722 million on five properties. Amancio Ortega bought distribution centres in Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp.

Port expansion efforts open avenues for U.S. CRE

Commercial  •  Bisnow

After more than two years of severe backups at major U.S. ports caused the tightest — and priciest — market in memory for port-adjacent warehouses, expansions of ports themselves and the industrial markets around them mean new opportunities for commercial real estate.

Rents tumbling in 27 of U.S.’s biggest cities

Residential  •  Business Insider

Rents fell 0.1% through August across the U.S.’s biggest metropolitan areas, according to new data published by Apartments.com. The drop snapped a 20-month streak of price hikes and offered the first sign of relief for renters stuck with few alternatives.

Toronto’s fall real estate market off to a slow start

Residential  •  Globe and Mail (Sub. required)

Toronto-area housing sales and showings were slow over the Labour Day holiday weekend after a spurt of buyer activity in the last two weeks of August that soaked up some lingering inventory, says Re/Max Hallmark Bibby Group Realty’s Christopher Bibby.

Federal government unveils boost to rent benefit

Residential  •  CTV  •  Toronto Star  •  Canada Newswire

Prime Minister Justin Trudeau is promising to table legislation to implement the first phase of a national dental care plan, a top up to a housing benefit for renters, and a doubling of the federal GST rebate.

Whistler ‘cannot stop building’ affordable housing

Residential  •  Western Investor

Whistler cannot stop building affordable housing, Whistler Development Corp. president Eric Martin said during a Sept. 6 update to mayor and council on Cheakamus Crossing Phase 2, which so far includes two buildings which together contain 100 units of housing.

Canmore housing crisis driving out doctors, families

Residential  •  Globe and Mail

Thousands of people in Alberta’s Bow Valley region are being left without a family doctor, in the latest side effect of a housing crisis that has priced out families and made homes scarce.