Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@renx.ca
Canada: 1-855-569-6300

'The office market is not dead'

2 months ago

'The office market is not dead'

Despite what tenants are hearing from some news sources, Montreal’s office market is far from flatlining. That’s what Cushman & Wakefield's Meggie Bergevin told attendees at a session on the city’s office market during the Montreal Real Estate Forum.

Pinnacle proposes 90-, 95-storey towers in downtown T.O.

Vancouver-based Pinnacle International Realty Group, the developer behind the tallest tower currently under construction in Canada, has proposed demolition of the former Toronto Star headquarters at 1 Yonge St. in favour of 90- and 95-storey residential towers.

Colonnade BridgePort to manage Gatineau office complex

Ottawa-based property management firm Colonnade BridgePort is adding to its portfolio close to home. The capital’s largest private-owned commercial landlord has been awarded the contract to manage and oversee leasing at Place Vincent Massey, a two-building office complex in Gatineau.

Two Mizrahi projects in receivership

Mizrahi Developments' nine-storey, 20-unit luxury condo project at 128 Hazelton Ave. in Yorkville is in receivership. The Ontario court has also granted another receivership order over a multi-tower development at 180 Steeles Ave. W. in Vaughan.

The Home Equity Partners launches in the GTA to help homeowners unlock financial freedom

The Home Equity Partners is a dynamic Canadian company offering an innovative new product called the Home Equity Sharing Agreement. This hassle-free product empowers homeowners to achieve their financial goals – without monthly payments, interest charges, or usage restrictions.

Sponsored by: The Home Equity Partners

Building permits rise at quickest pace in four years

Canadian building permits rose 20.5 per cent month-over-month in April, four times the expectation of economists in a Bloomberg survey. Residential permits jumped 19.6 per cent, driven by a 32.6 per cent gain in multifamily permits, StatCan reported.

Altus: Canadian real estate pros split on market

Canadian real estate professionals are divided on the state of the market, says an Altus Group Q2 survey. Half of the 333 respondents expect to continue a focus on managing their existing portfolios, roughly even with last quarter.

Canadian REITs 'a great buy': BMO exec

VIDEO: Brian Belski, chief investment strategist of BMO Capital Markets, talks about investing opportunities.

BeyRose proposes 55-, 58-storey mixed-use towers

BeyRose Capital has proposed 55- and 58-storey mixed-use towers immediately across from the Brampton GO station. The Kirkor Architects and Planners-designed towers, atop a shared 13-storey podium, would include 1,628 residential units in addition to retail.

Marlin Spring proposes mixed-use complex in T.O.

Marlin Spring Developments proposes a 39-storey mixed-use condominium and low-rise commercial and live/work buildings at 158 Sterling Rd. in Toronto. The project, designed by Giannone Petricone Associates, would comprise 477 condo units in addition to retail.

Edmonton, Calgary share downtown revitalization struggles

Edmonton and Calgary’s efforts to revitalize their respective downtowns have more in common than it might seem, according to Calgary Downtown Association executive director Mark Garner, a panelist at a NAIOP-hosted breakfast on Wednesday morning.

 

Canadian investors eye utilities, real estate stocks

Canadian utility and real estate stocks are likely to be among the biggest beneficiaries of the Bank of Canada’s move to begin cutting interest rates, while the prospect of increased loan demand could help bank shares, investors say.

‘Unjustifiable’ spending by insolvent RE firm: Report

A court-ordered report into the spending patterns of real estate rental investment business Balboa Inc. et al alleges a pattern of lavish personal spending and “a pervasive lack of proper record keeping” about how $144M in loans were spent.

Lithion begins building Quebec mineral extraction plant

Lithion Technologies has begun construction work on its first commercial-scale mineral extraction plant in St-Bruno-de-Montarville, Que., a prelude to a projected billion-dollar expansion program for the Montreal-based company.

Federal Reserve holds interest rate

United States Federal Reserve officials said Wednesday inflation has fallen further toward their target in recent months, but signalled the Fed expects to cut the benchmark interest rate just once this year.

Blackstone to expand Manhattan HQ to over 1M square feet

Blackstone is finalizing a deal to expand its headquarters at Rudin’s 345 Park Ave. from 750,000 square feet to just over a million square feet, one of the largest office leases in Manhattan in recent years.

Foreign investment in U.S. CRE at lowest point since 2011

Interest from international investors in commercial real estate assets in the U.S. fell by almost half in just one year, as the slump in prices and transaction activity has taken its toll on cross-border investment.

European CRE makes a profit after six negative quarters

MSCI data shows European real estate produced a 0.4 per cent Q1 return. Capital values fell by an average of 0.8 per cent across the region, but income return growth of 1.2 per cent put the sector into positive territory.

U.K. REIT pulls IPO after missing $439M target

Special Opportunities REIT has pulled its IPO after falling short of its minimum fundraising target of $439 million Cdn, scuppering the first stock market listing of a U.K. real estate investment trust in three years.

Industry Events