RENX Residential • Apartments • Ontario, Toronto / GTA • January 7, 2019
A joint venture between Starlight Investments and Homestead Land Holdings has purchased two multi-residential apartment complexes, in Toronto and London, Ont., for $241 million. Together, Parkvue Apartments in Scarborough and Esplanade Apartments in London comprise 962 suites.
Calgary’s airport, malls and giant towers received the biggest property assessments last week from city hall. The 2019 City of Calgary property assessments are out, and at the top of the list are places Calgarians often frequent.
Residential, Commercial • Western Investor
Residential above retail has been a mainstay for centuries, but the new take on mixed use embraces mingling of virtually every real estate sector. In downtown Vancouver, Boffo Developments is constructing The Smithe.
RENX Residential, Commercial • Technology • National • January 7, 2019
Commercial real estate is not immune to cyber security breaches, so BOMA Canada has created the Cyber Wellness Guide. BOMA Canada’s Benjamin Shinewald said there is “growing recognition” of risks, but the industry needs information specific to building operations.
The City of Montreal is cracking down on illegal Airbnb units by cutting the lock boxes that store keys for the short-term tenants. The boxes can only be accessed by using the correct code.
Residential, Commercial • Winnipeg Free Press
Construction has started on a mixed-use apartment and retail development in Winnipeg’s West Broadway. The project is being spearheaded by Chanden Homes of Lorette, Man., a relative newcomer to the Winnipeg market.
Commercial • Winnipeg Free Press
When it comes to CentrePort Canada and the concentration of the trucking industry in the northwest quadrant of the City of Winnipeg, it’s one of those chicken and egg scenarios.
If Amazon gets into the gas station business, it could spell trouble for Quebec-based Alimentation Couche-Tard Inc. (ATD-A-T), according to D.A. Davidson managing director and senior analyst Tom Forte. Couche-Tard operates nearly 10,000 convenience stores throughout North America.
The Saskatchewan Edge ›
Kelly Macsymic: Business Manager, B. Stuart P.C. Inc. , Sales Associate, ICR Commercial Real Estate
Sears Holdings Corp. (SHLDW-Q) started laying the groundwork for a liquidation after chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, sources said.
Commercial • Reuters
Activist investor Starboard Value Monday called on Dollar Tree Inc. (DLTR-Q) to explore a sale of its underperforming Family Dollar business and nominated directors to replace a majority of its board after revealing a stake in the company.
Commercial • Vancouver Sun
Months before Vancouver’s bright red building and its curving shape opens as a destination coffee shop, it’s attracting attention from architects and passersby. It’s another example of the ongoing transformation of a former industrial area.
Commercial • Financial Post
Tesla broke ground Monday for a factory in Shanghai, its first outside the U.S. CEO Elon Musk said Monday the company will start production in China of its Model 3 and a planned crossover by the end of the year.
Commercial • CP Executive
Welltower Inc.’s health-care portfolio will soon balloon by 3.3 million square feet. The REIT has just entered into a definitive agreement to acquire a portfolio of premier medical office buildings and outpatient facilities from CNL Healthcare Properties for nearly $1.3 billion.
Commercial • PR Newswire
Advent International, one of the largest and most experienced global private equity investors, announced that it has signed a definitive agreement to acquire a majority ownership interest in North America’s leading third-party hotel operator Aimbridge Hospitality.
Warren Winkler has been tasked with what many across the City of Ottawa may have dismissed as a lost cause — mediating the issues between RendezVous LeBreton’s major players, whose behind-the-scenes disputes have been publicly laid bare.
Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening.
Kirk Marsh first noticed the mood start to turn in Vancouver’s housing market a year ago. As a real estate investor who buys homes then fixes them up for resale, Marsh has an excellent vantage point on the market.