Dream Industrial to buy four properties, issues stock

RENX  Commercial  •  Industrial  •  International, Toronto / GTA, Ottawa

Dream Industrial REIT (DIR-UN-T) plans to purchase four industrial properties in Toronto and Ottawa, as well as Columbus, Ohio, and is issuing a $144-million share offering. Dream says it is in advanced negotiations with vendors to acquire the multi-tenant properties.

Galleria Shopping Centre gets moment in spotlight

Residential, Commercial  •  Globe and Mail (Subscription required)  •  Urban Toronto  •  RENX

Galleria Shopping Centre, a one-storey, 215,000-square-foot, trapped-in-amber mall on the edge of Toronto’s downtown core, is a curiosity. So curious, artist and writer Shari Kasman self-published a book after learning the city had approved a massive redevelopment of the site.

New Horizon plans Hamilton’s three tallest buildings

Residential  •  CBC

New Horizon Development Group plans to build three high-rises at 310 Frances Ave. in Stoney Creek — 48,  54 and 59 storeys, respectively. The latter two would be roughly the same height as the curvy Absolute World buildings in Mississauga.

Domenico resigns as CEO of Partners REIT

RENX  Commercial  •  Human Resources, Retail  •  National

As Partners REIT (PAR-UN-T) continues selling off its remaining properties, Jane Domenico has resigned as CEO and from the board. Domenico joined Partners in 2013, became COO in 2014, then was named CEO as the REIT was overhauled following years of turmoil.

Canadian Alliance signs industrial land, facility deal

Commercial  •  Globe Newswire

Canadian Alliance, in collaboration with the Healthcare of Ontario Pension Plan (HOOPP), GWL Realty Advisors and Colliers International, has signed a long-term commitment on a new 250,000-square-foot warehouse facility in Delta, B.C., on the property of Tsawwassen First Nations.

Canadian universities commercialize their land

Commercial  •  Globe and Mail  •  Commercial Observer

Trent University in Peterborough, Ont., may have jumped the gun when it put Noblegen Inc.’s future home on its latest campus map, but at least the move was on-trend. The  biotech company plans to build a new 300,000-square-foot headquarters.

Sponsored by SVN Rock Advisors Inc. SVN hopes to replace condominium surge with apartments

The attendees of AptCon hope to end Toronto’s condominium boom and replace it with a boom for new rental apartments. The AptCon conference, to be held on May 27-28, 2019, is a gathering place for developers of high-rise condominiums…

Mirvish Village five-tower development underway

Residential  •  Urban Toronto  •  RENX

Fourteen months after the last of Toronto’s iconic Honest Ed’s store was taken down at Bathurst and Bloor, work is full steam ahead on Westbank Corp.’s five-tower Mirvish Village development.

Two 14-storey rental buildings proposed for Vancouver

Residential  •  Vancouver Courier

Proposals for two 14-storey rental buildings, envisioned for the northeastern edge of Vancouver where low-rise buildings are currently allowed, go to open house June 4. PCI Developments Corp. filed the rezoning applications for the projects, which BHA Architecture designed.

ASPAC, Carnival propose two Vancouver condo towers

Residential  •  Vancouver Sun

Hong Kong-headquartered Carnival Group International and Vancouver’s ASPAC Developments are proposing to build two high-end condo towers in Vancouver’s West End. The proposed twin 38-storey Alberni Towers would house 455 condo units and total 433,657 square feet of floor space.

When will Montreal’s Chinatown get protection it deserves?

Residential, Commercial  •  Montreal Gazette

It was a traffic light this time. What will it be next time? The iconic Chinatown gates, the small businesses and shops along de la Gauchetière Street, or beloved Place Sun Yat-Sen?

Regina looks for feedback on golf course redevelopment

Commercial  •  CBC  •  Regina Leader-Post

The City of Regina wants feedback from residents about the redevelopment of the Regent Par 3 Golf Course. The first concept includes recreational land with a sports field, multi-use pathways, a playground, spray pad and picnic areas. The estimated cost is $2,460,000.

Gehry to design Warner Bros’. L.A. headquarters

Commercial  •  The Architect’s Newspaper  •  Commercial Observer  •  Los Angeles Times

Gehry Partners, Worthe Real Estate Group, and Stockbridge Real Estate Fund have unveiled renderings for a new 800,000-square-foot office complex slated for the Warner Bros. studio campus in Burbank, Calif.

Office developers increasingly adding mixed-use

Residential, Commercial  •  National Real Estate Investor

The desire for uplifting experiences is invading the U.S. workplace, and forward-thinking office developers/owners are cashing in on this trend by integrating office space into mixed-use environments, says CBRE’s Mike Hoeck.

Mixed-use developments using stadiums as anchors

Residential, Commercial  •  Building Design & Construction  •  Construction Canada

In the summer of 2020, the most expensive sports stadium ever built is scheduled to open in Inglewood, Calif., four miles from Los Angeles International Airport. The estimated cost of this privately financed complex has climbed to at least $5 billion.

Madison Realty Capital raises $1.1B for new debt fund

Commercial  •  IPE Real Assets

New York City-based Madison Realty Capital has raised $1.13 billion US for its fourth real estate debt fund. Madison Realty Capital Debt Fund IV received capital commitments from investors in the U.S., Europe, Middle East and Asia.

Nova Scotia’s rising prices buck national trend

Residential  •  CBC

The average price of a home sold in Nova Scotia is up 14 per cent year-over-year, says the Canadian Real Estate Association. That’s slightly larger than the increase in Halifax and Dartmouth, which saw a jump of 13.7 per cent.

Vancouver’s 2016 prices to double by 2041: Central 1

Residential  •  Business In Vancouver  •  RENX

Vancouver prices have fallen, but it won’t last. “Prices will double between 2016 and 2041,” Central 1 Credit Union chief economist Helmut Pastrick told the Vancouver Real Estate Forum on April 4.. “And it wouldn’t surprise me if that’s on the low side.”

TREB secures injunction against Mongohouse

Residential  •  Winnipeg Free Press  •  Globe Newswire

The Toronto Real Estate Board says it has secured a permanent injunction to stop the now-defunct property listing site Mongohouse from sharing its real estate data. The board sued Mongohouse last fall.

Ontario realtors oppose mandatory sharing of offers

Residential  •  Toronto Star

Ontario real estate agents are lobbying the province against the mandatory disclosure of offers among competing home buyers in transactions involving multiple bids. The province is considering the move in an update to the 2002 Real Estate Business Brokers Act (REBBA).