Coquitlam prepares to sell development land

RENX  Residential, Commercial  •  Land  •  Metro Vancouver

The Metro Vancouver city of Coquitlam is planning to sell two parcels of pre-zoned land in the Burke Mountain area. The parcels total 9.5 acres in Smiling Creek, a far-flung undeveloped neighbourhood in the heart of the planned Burke Mountain community.

$2B mixed-use project to rise in Mississauga

Residential, Commercial  •  Daily Commercial News

The 72-acre, $2-billion mixed-use Brightwater development on Mississauga’s waterfront has taken two significant permitting steps this summer, clearing the way for developers Port Credit West Village Partners to revitalize a long-standing brownfield site and create homes for 7,000 new residents.

Waverly proposes three-tower MOB, condo project

Residential, Commercial  •  Urban Toronto

Waverly Projects has submitted a rezoning application for a mixed-use development to replace an amalgamation of low-rise properties at 4631 Steeles Ave. E. in Toronto. The proposed 22- and 25-storey condo towers would be joined by a 10-storey, 56,000-square-foot medical office building.

WeWork most ridiculous IPO of 2019

Commercial  •  Forbes  •  Business Insider  •  Tech Crunch

WeWork – now rebranded as The We Company (WE) – reportedly plans to go public in September. The company’s most recent funding round – a $2 billion investment from SoftBank in January – valued the co-working company at $47 billion.

CF, Towers Realty push for Polo Park residential

Residential, Commercial  •  CBC  •  Canada Newswire

With CF Polo Park nearly “saturated” with retail offerings, Cadillac Fairview and Winnipeg-based Towers Realty Group are asking the City of Winnipeg to change land use rules in the area and open the door to significant residential development.

Canadian shopping centres reinventing themselves

Commercial  •  Globe and Mail  •  RENX

Canadian malls are aiming to become the new community centre. “There’s a lot of talk about the retail apocalypse, but when you look inside (a mall), you actually have a very different perspective,” says Cadillac Fairview‘s Jose Ribau.

Sponsored by Yardi Search marketing: 5 ways to win

Shifting online consumer behaviors have significantly impacted marketing budgets in recent years. Not long ago, property management companies would allocate most, if not all, of their digital marketing spend to internet listing services (ILSs) . . .

Vancouver office vacancy hits all-time low

Commercial  •  Business In Vancouver  •  RENX

Tech companies, WeWork and protracted development times are squeezing Metro Vancouver’s supply of office space. The result is a record-low vacancy rate, which means limited options and rapidly rising lease rates for businesses, according to Avison Young.

While Calgary sputters, Houston booms

Commercial  •  Globe and Mail (Sub. required)

As Calgary is buffeted by a cooling housing market, a glut of office space and one of the highest unemployment rates in the country, Houston is booming. Fourteen new pipeline projects are underway in Texas and southeastern New Mexico.

The Saskatchewan Edge › Hotels more than just a place to rest your head

Kelly Macsymic: Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate

Four Seasons Hotel Whistler debuts modern look

Commercial  •  Canada Newswire

Four Seasons Resort Whistler presents a newly updated take on the classic mountain lodge. After renovations that began in the spring of 2019, the resort debuts the property’s 273 rooms and suites in anticipation of the 2019-20 ski season

Jumbo Glacier Resort to get federal protection

Commercial  •  CBC

The federal Liberal government will offer the Ktunaxa First Nation more than $16 million to protect a mountain valley in southeastern British Columbia where a contentious Jumbo Glacier Resort has been proposed.

Edmonton can become ‘multi-billion-dollar tech hub’

Commercial  •  Edmonton Journal  •  CBC

The Downtown Business Association‘s new report, “Accelerating Tech in Downtown Edmonton: Impacts and Opportunities,” detailing the state of Edmonton’s tech industry, says the city has the ability to become a “multi-billion-dollar tech hub.”

U.S. CRE market flashing a warning sign

Commercial  •  CNN

The U.S. market for CRE flashed a warning sign in the first half of 2019. For the first time in seven years, overseas investors in office buildings and retail space became net sellers of properties, according to Real Capital Analytics.

Macquarie targets infra with $897M fundraise

Commercial  •  IPE Real Assets

Macquarie Group is raising $897 million Cdn by way of a share placing to finance acquisition of assets in the green energy, infrastructure and technology sector. Macquarie CEO Shemara Wikramanayake expects to have used $1.43 million of capital by Q2 2020.

Housing market correction is over: RBC economist

Residential  •  Globe and Mail (Sub. required)

Robert Hogue, senior economist at RBC, is declaring the correction in Canada’s housing market over. The July sales numbers from the Canadian Real Estate Association prove it, he says, after the organization reported sales rose 3.5 per cent from June’s level.

Cortel Group tops off Vaughan’s Nord Condos

Residential  •  Urban Toronto

Following on the heels of the completed first two towers, construction is moving along for Cortel Group‘s AJ Tregebov Architect-designed third and fourth towers in Vaughan. Cortel on Friday celebrated with a topping-off party to mark Nord Condos’ 38-storey heights.

Toronto’s affordability woes spread to Belleville

Residential  •  Toronto Star

Even as the semi-rural area along Hwy. 401 grapples with the slow downturn of manufacturing that used to drive the region and the irresistible pull from the big city for skilled labour and youth, Belleville is dealing with an affordability crisis.

‘Flexplex’ may be Toronto’s answer to housing woes

Residential  •  Globe and Mail (Sub. required)

In a city with a crushing vacancy rate, contractor Mike Manning’s “flexplex” house concept offers a case study in how creative design and a savvy approach to planning approvals can yield small-scale developments that add affordable rental units.

Rents are climbing — even for purpose-built rentals

Residential  •  Financial Post

Purpose-built rentals are considered an essential ingredient in the housing mix, because they provide affordable shelter. Such rental stock is also usually cheaper than renting a unit in a condo building, which are often newer and offer better amenities.