LocationsRecent Articles
Choice Properties buys, sells $675M of industrial, retail
Choice Properties buys, sells $675M of industrial, retail
Choice Properties REIT (CHP-UN-T) resumed investment activity in a major way during Q3, inking agreements to acquire or expand its interest in more than a half dozen properties, and to divest three portfolios. In total, its transactions amount to $675 million.
CT REIT back in acquisition mode
Needs-based retailers continue to weather the pandemic well, and so do needs-based real estate investment trusts such as CT REIT (CRT-UN-T). Anchored by Canadian Tire, CT REIT’s management is confident enough they’ve moved the trust back into acquisition mode.
Concord’s plans for Van. complex hinge on city’s OK
Leaked plans for Concord Pacific’s massive tech-focused office and apartment complex, near Vancouver’s False Creek waterfront, suggest the area could see a population explosion if the project goes ahead on top of the already planned Squamish Nation development next door.
Pointe-Claire citizens challenge huge project
• Montreal Gazette • RENX
Pointe-Claire’s vision of becoming the “downtown” of the West Island is not going down well. At Tuesday night’s council meeting, Mayor John Belvedere faced many tough questions from citizens about the proposed Groupe Brivia and Cadillac Fairview densification projects.
Decathlon to lease 67,000 sq. ft. at Cominar’s Centre Laval
Cominar REIT (CUF-UN-T) wasted no time in finding a replacement for the bankrupt Sportium chain’s Laval store. French sports good company Décathlon will lease 67,000 square feet at Cominar’s Centre Laval, marking its fifth store in Quebec and ninth in Canada.
CF’s Chinook Centre adds tenants in sign of recovery
• Calgary Herald • Vancouver Province
Cadillac Fairview has been aggressive in its commitment to return to normal. This week, CF Chinook Centre welcomed Canadian luxury outerwear brand Moose Knuckles, a company started by fur traders in 1921 and embarking on a global expansion strategy.
Ont. greenbelt adviser quits over project fast-tracking
Linda Pim, a member of Doug Ford’s Greenbelt Council mandated to offer guidance on the protected environmental lands, has resigned over the decision to issue a ministerial zoning order for a development that will destroy a significant wetland in Pickering.
Florence Nightingale was right: Fresh air = healthy bldgs.
Building owners should take advice from Florence Nightingale in their efforts to make their indoor spaces safe, says an international expert on fixing sick buildings. Nightingale advocated fresh air from open windows for her patients said Joseph Allen during BOMEX 2020.
Montreal tech firm may cut office space in half
Months after completing a multimillion-dollar renovation that boosted the size of the ground-floor space to 100,000 square feet, Montreal tech company GSoft plans to cut its real-estate footprint by up to 50 per cent. GSoft currently has 275 employees.
Cities, restaurants get creative to extend outdoor dining
• Toronto Star • Montreal Gazette • Globe and Mail (Sub. required)
Eating a meal on a Winnipeg patio in January? “If people are dressed right and prepared to go outside, they’ll be more than comfortable,” predicts Amsterdam Tea Room & Bar owner Mark Turner, awaiting word on a city-issued winter patio permit.
Bluebird Self-Storage opens three Ontario outlets
EDITORS NOTE: Story and headline have been corrected at source. Bluebird Self-Storage has opened Ontario outlets in Toronto, Whitby and Burlington. The Toronto facility is a retrofit of the former National Post building and has 151,000 net rentable square feet.
REIT third-quarter financial results
•
Choice Properties REIT, (CHP-UN-T), Canada Newswire
ERES REIT, (ERE-UN-X), Globe Newswire
Granite REIT, (GRT-UN-T), Stockhouse
Killam Apartment REIT, (KMP-UN-T), Canada Newswire
Sun Residential REIT, (SRES-X), Stockhouse
Couche-Tard acquires Hong Kong C-Stores for $360M
• Bloomberg • Globe and Mail (Sub. required) • Canada Newswire
Alimentation Couche-Tard Inc. (ATD-A-T) announced it has entered into an agreement to acquire all the issued and outstanding shares, on a fully diluted basis, of Convenience Retail Asia (BVI) for approximately $360 million. It includes 373 Hong Kong and Macau store sites.
CPP increases stake in U.K. logistics JV by $512M
• Canada Newswire • IPE Real Assets
CPP Investments, Goodman Group and APG Asset Management N.V. have each allocated an additional $512 million of equity to investment vehicles in the U.K., targeting the logistics sector. The expansion follows the success of the Goodman UK Partnership (GUKP) established in 2015.
SL Green sells NYC office project for $953M
• Bisnow • CP Executive
A big deal is brewing in Hudson Yards. SL Green is under contract to sell its 636,000-square-foot, 20-storey class-A office redevelopment project at 410 10th Ave. for $952.5 million. The REIT says it is the U.S.’ largest single-asset transaction since the pandemic.
U.S. REITs to merge, creating $5.8B portfolio
• Connect Commercial Real Estate • Business Wire • Business Wire
Griffin Capital Essential Asset REIT (GCEAR) and Cole Office & Industrial REIT (CCIT II) agreed to merge, with GCEAR acquiring CCIT II for approximately $1.2B in a stock-for-stock transaction. The merger would create a 31-million-square-foot CRE portfolio valued at $5.8B.
Ont. fast-tracks long-term care home projects
Surplus provincial land will be fast-tracked for long-term care home projects in Oakville, Vaughan and Aurora. The Ontario government has released a bid package, via CBRE brokerage services, offering three land parcels tied to requirements for 896 new long-term care beds.
Van. neighbourhood’s appeal endures issues of crime
• Globe and Mail (Sub. required)
Stonehouse Team realtor Krystian Thomas specializes in Vancouver’s Strathcona neighbourhood, in the news lately because of an adjacent encampment of homeless people at Strathcona Park. “I lived a very stressful upbringing. . . . But, my location helped me discover things . . . ” explains Thomas.
Industry remains cautious on Ontario open houses
GTA realtors have no plans to return to live open houses to sell property even though the province is lifting some of the modified Stage 2 COVID-19 restrictions in York and Peel Regions on Saturday and in Toronto on Nov. 14.
Winnipeg’s White House listed at $3.5M
Portage Avenue’s “White House” is on the market for $3.5 million. “It’s certainly the most elaborate property I’ve ever listed,” said Lee Almstrom of RE/MAX, focusing on the two storeys of commercial space beneath the nearly 4,000 square-foot residence.
Industry Events
-
Western Canada Apartment Investment Conference
May 07 2024
Vancouver
-
Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
-
Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
-
Montreal Real Estate Forum
Jun 06 2024
Montreal
-
Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
