Winnipeg’s CentrePort languished for years, now booms

RENX  Commercial  •  Land, Industrial  •  Winnipeg

A new business park under development in Winnipeg is yet another sign of an industrial real estate revival taking place thanks to CentrePort Canada – a 20,000-acre manufacturing, distribution and logistics hub on the city’s west side.

Concord plans 3,000 homes for Van.’s Quantum Park

Residential, Commercial  •  Western Investor  •  Globe and Mail

Hacked plans for Concord Pacific’s vision for the former Molson Coors brewery site it bought for $165 million four years ago show it hopes to persuade the City of Vancouver to rezone the industrial property into a high-tech campus with 3,000 homes.

B.C.’s top CRE deals of 2020: AY

Residential, Commercial  •  BC Business

B.C.’s office, retail, industrial and multifamily property markets took a hit from COVID-19 this year, “but I would say since late summer, the tempo has really picked up,” says Bob Levine, Vancouver-based managing partner with Avison Young.

Brookfield, partners make $5.9B bid to take BPY private

RENX  Commercial  •  Hotels and Resorts, Seniors Housing, Office, Apartments, Industrial, Retail  •  National, International

UPDATED: Brookfield Asset Management (BAM-A-T) and “institutional partners” are proposing to take Brookfield Property Partners LP (BPY-UN-T) private in a transaction worth about $5.9 billion US. BAM offers $16.50 for each unit of Brookfield Property Partners it does not already own.

Fiera Capital selling a pair of U.S. operations

Commercial  •  Toronto Star  •  Canada Newswire

Montreal-based Fiera Capital Corporation (FSZ-T) is selling a pair of operations in the U.S. for a total of $81 million. It is selling Bel Air Investment Advisors to Hightower Advisors and has completed the sale of Wilkinson Global Asset Management.

The Saskatchewan Edge › More than meets the eye when selecting a retail site

Barry Stuart: Managing Partner and Senior Sales Associate , ICR Commercial Real Estate

Victoria industrial leads W. Canada capitals into 2021

Commercial  •  Business In Vancouver

With a 0.7 per cent vacancy rate – the lowest in North America – and Canada’s highest average lease rates, Victoria has the strongest industrial market among Western Canada capital cities. The small industrial market of 9.3 million square feet remains driven by owner-occupiers.

Langford, Colwood, View Royal lead Victoria dev. hotbeds

Residential, Commercial  •  Victoria Times Colonist

Langford, Colwood and View Royal remained Greater Victoria hotbeds for development, while the provincial government was a major buyer in efforts to provide affordable housing, according to commercial realtor Dustin Miller, who compiled a list of the year’s top-10 transactions.

How will the pandemic reshape Montreal?

Residential, Commercial  •  Montreal Gazette  •  Montreal Gazette

Before COVID-19, vibrant, Montreal’s densely populated neighbourhoods were considered the new plus ultra of urban success. Then the pandemic hit and suddenly, the intense proximity of urban living became the scariest thing in the world.

Black architects offer advice on battling racism

Residential, Commercial  •  Daily Commercial News

Four members of Canada’s black architects community offered advice on partnering with other black professionals and maintaining strong alliances with supportive white colleagues during a recent online panel billed as Lived Experiences in Architecture.

Martial arts studio proposes mixed-use redevelopment

Residential, Commercial  •  urbanYVR

Matthew Cheng Architect has proposed the redevelopment of a small building housing The Li Rong Wushu and Qigong martial arts academy to make way for a four-storey, mixed-use building with commercial space at grade and rental units on top.

BC Court approves Great Canadian Gaming merger

Commercial  •  Business In Vancouver  •  Globe and Mail  •  PR Newswire

The BC Supreme Court has approved an acquisition of Great Canadian Gaming Corp. (GC-T) by Raptor Acquisition Corp., an affiliate of Apollo Global Management (APO-N), for $1.9 billion US. Raptor will purchase all issued and outstanding common shares for $45 per share.

CPP Investments, LOGOS establish Indonesian logistics venture

Commercial  •  Canada Newswire  •  IPE Real Assets

CPP Investments and logistics real estate specialist LOGOS today announced the establishment of a new Indonesian venture for the development of modern logistics facilities in Greater Jakarta. CPP Investments will invest US$200 million in the joint venture.

U.S. CRE executives share predictions for 2021

Commercial  •  Bisnow

As the commercial real estate industry finally puts 2020 in the rearview mirror, the path forward in 2021 is far from certain — and largely dependent on how the U.S. extricates itself from the past year’s trials.

‘Inexhaustible demand’: How 2020 changed data centre sector

Commercial  •  Bisnow

“From Microsoft adding 12 million users to its Teams platform in one week to the explosion of AI and machine learning, we’ve seen a massive uptick in utilization across the board (in 2020),” Aligned CEO Andrew Schaap said.

Miami outdoor mall trades for about 60% of former price

Commercial  •  Bisnow

A month and a half after redevelopment plans for the site formally fell through, South Miami’s 9.68-acre The Shops at Sunset Place sold on New Year’s Eve for $65.5 million about 59.5 per cent of the price the mall traded for in 2015.

Has Canada reached peak condo?

Residential  •  Financial Post

Since the start of the pandemic, resale condos in Toronto and other Canadian cities have tended to stagnate, even as prices of other housing types have stabilized or surged. What will it take for condo markets to return to normal?

TRREB data conflicts continue despite 2016 ruling

Residential  •  Globe and Mail (Sub. required)

Toronto-area homebuyers assumed the doors had been opened to the Toronto Regional Real Estate Board’s sales data in the wake of a landmark ruling by the Competition Tribunal. However, the industry is still struggling to navigate TRREB’s data sharing requirements.

B.C. Assessment shows big increases for property owners

Residential, Commercial  •  Vancouver Sun

The B.C. Assessment Authority has updated its online record of property valuations for 2020. A sample today of random Vancouver detached homes (on Renfrew and Fraser Streets and West King Edward Avenue) showed value rises of between five and 10 per cent.

Africville’s black residents fear development

Residential  •  Globe and Mail

There are entire blocks of Gottingen Street that were once considered by some too dangerous to walk down at night. Today, they’re the trendy addresses for new, pricey condominiums, pet groomers, a vegan butcher, and gourmet doughnut shops.