Edmonton’s The Mayfair on Jasper is for sale

RENX  Residential  •  Apartments  •  Calgary, Edmonton

The Mayfair on Jasper, one of Edmonton’s top apartment buildings, is for sale. “It’s a pleasure to own, but everything has its time,” ProCura Real Estate Services CEO George Schluessel said. “If the deal’s right, we’ll sell it.”

Industry IWD panel offers solutions to advance women in CRE

RENX  Commercial  •  Human Resources  •  National

It was topical, trendy, and totally sold out. Six speakers waxed lyrical about everything from #MeToo to paternity leave as it relates to CRE at the Future of the Workplace: Partnerships & Innovation to Celebrate International Women’s Day 2019 panel in Toronto.

Burlington freezes downtown development

Residential, Commercial  •  CBC

Burlington city council is freezing downtown development for at least a year as it works out a plan to curb a sudden burst of development. Developers warn the move will have a massive impact on the city’s growth.

A ‘transparent’ office space in more ways than one

Commercial  •  Vancouver Sun

It has been nearly three years since law firm McCarthy Tetrault moved into an open-concept, transparent glass, “democratized” office space in downtown Vancouver. Gone are the walled-in perimeter executive offices, closed doors and ample private space of their former space.

Ottawa OKs $4.6B Stage 2 transit contracts

Commercial  •  Ottawa Citizen  •  CBC  •  Ottawa Business Journal

Ottawa’s $4.6-billion Stage 2 transit expansion is a go. City council voted 19-3 Wednesday to extend the Confederation Line LRT to Trim Road, Algonquin College and Moodie Drive, and extend the Trillium Line to Limebank Road and the Ottawa International Airport.

Ontario to partner with private company on new transit station

Commercial  •  CP 24  •  insauga.com

The Ontario government will partner with a private company to build a new GO Transit station at the Woodbine Racetrack in Toronto. Woodbine Entertainment will pay for the design and development of the new GO station.

Halifax Port Authority consults CN to better use assets

Commercial  •  Halifax ChronicleHerald

The Halifax Port Authority says discussions are underway with port authority tenants and CN Rail on how to better use the port’s assets and infrastructure. The Authority has submitted an application for funding through the National Trade Corridors Fund.

Port Alberni pushes container transshipment hub

Commercial  •  Business In Vancouver

It is a PATH less travelled. Zoran Knezevic wants to open it to shippers and global container cargo carriers. But the Port Alberni Port Authority (PAPA) president and CEO will need $1.7 billion to do it.

New downtown towers to impact Saskatoon CRE: CBRE

Residential, Commercial  •  Global News  •  RENX

A recent report says two new office towers will have a trickle-down effect on commercial real estate in Saskatoon. CBRE Research said the River Landing properties are the first true class-A office spaces in downtown Saskatoon since the 1980s.

Holloway sells Moncton Days Inn, Travelodge hotels

Commercial  •  Canada Newswire

Holloway Lodging Corp., (HLC-T) today announced it has sold the Days Inn and Travelodge hotels located in Moncton. The sale price for the hotels was $14.0 million representing a cap rate of approximately 9.3% and a price per room of $62,000.

36-storey Marriott Residence maintains a boutique feel

Commercial  •  Calgary Herald

Rack up another first for Calgary with the opening of the world’s largest Residence Inn by Marriott, which has welcomed guests to its classy new hotel on the corner of 5^th Street and 10^th Avenue S.W.

Slate Retail completes sale of two U.S. properties

Commercial  •  Business Wire

Slate Retail REIT (SRT-UN-T) today announced the completion of two property dispositions that will generate gross proceeds of $24.9 million. The properties sold include Wausau Pick n’ Save in Wausau, Wis., and Wellington Park in Cary, N.C.

Mass transit key to Sidewalk Labs’ Quayside project

Residential, Commercial  •  CP 24  •  Ottawa Citizen  •  Construct Canada

The CEO of an Alphabet-backed entity planning a high-tech neighbourhood in Toronto revealed Thursday mass transit might be the project’s deal-breaker. Dan Doctoroff said Sidewalk Labs may lose interest in the project if transit to the area isn’t built.

Rental retention priority in launch of B.C. transit process

Residential, Commercial  •  Vancouver Sun  •  Burnaby Now

Increasing and preserving rental housing in four neighbourhoods will be a priority for Vancouver during and after construction of the Broadway subway extension. This week, the city launches its two-year process to develop an area plan for the Broadway corridor.

REIT financial results:

Commercial  • 

American Hotel Income Properties REIT, (HOT-UN-T), Canada Newswire

Cominar REIT, (CUF-UN-T), Canada Newswire

Granite REIT, (GRT-UN-T), Canada Newswire

NorthWest Healthcare Properties REIT, (NWH-UN-T), Canada Newswire

WPT Industrial REIT, (WIR-U-T), Globe Newswire

REOC financial results:

Commercial  • 

Holloway Lodging Corp., (HLC-T), Canada Newswire

Amazon to close all U.S. pop-up stores

Commercial  •  Reuters  •  Bloomberg

Amazon.com Inc. (AMZN-Q) will close all 87 of its U.S. pop-up stores and focus instead on opening more book stores. The company’s shares closed down 1.4 per cent, while shares of bookseller Barnes & Noble Inc. (BNED-N) ended 8.9 per cent lower.

Drones in real estate: Uses, challenges

Commercial  •  CP Executive

New technologies such as automation and artificial intelligence are transforming the construction industry. Drones can also have versatile roles in the real estate business. The unmanned aerial vehicles can help reduce risks, cut costs and reduce project timelines.