LocationsRecent Articles
Purdy’s Wharf re-enters crowded Halifax office leasing market
Purdy’s Wharf re-enters crowded Halifax office leasing market
Renovations at Halifax’s Purdy’s Wharf are in the home stretch and owner GWL Realty Advisors has enlisted CBRE to market over 200,000 square feet of office and retail space which will be available in its three buildings.
B+H Architects leasing 23,000 sq. ft. at 320 Bay St.
• Canada Newswire • RENX • RENX
Menkes Developments Ltd. in partnership with TD Greystone Asset Management announced the signing of a lease with B+H Architects for 23,008 square feet of office space at 320 Bay St., a heritage building situated on the corner of Bay and Adelaide Streets.
Ottawa office market steady ahead of election
Leasing activity in Ottawa’s commercial real estate sector held relatively steady in the past quarter but the upcoming federal election might have a substantial impact on the downtown office market in coming months, according to a report from Colliers International.
Proptech, housing affordability dominate CRE panel
The availability and affordability of housing across the GTA, and navigating the complex world of property technology, dominated a PwC and Urban Land Institute (ULI) panel discussion. The discussion launched the ULI/PwC 41st Emerging Trends in Real Estate 2020 report.
CAPREIT acquires P.E.I. apartments for $11.6M
• Globe Newswire • RENX
Canadian Apartment Properties Real Estate Investment Trust (CAR-UN-T) announced today it has completed the acquisition of a four-storey waterfront apartment property in Summerside, P.E.I. Occupancy for the property currently stands at 100%. CAPREIT paid approximately $11.6 million for the property.
Montreal development part of Fitwel pilot project
A planned 20-acre neighbourhood in Montreal is one of nine in the world — and the only Canadian site — participating in a Fitwel pilot project. The Quartier des lumières is helping to lay the groundwork for an international Fitwel Community certification.
iQ Office Suites reveals three strategies for growth
• Vancouver Sun • RENX
Toronto-based iQ Office Suites is growing. Launched in 2012, iQ’s portfolio includes four co-working locations in Toronto and one in Vancouver. The company is also in the process of opening another four locations: one each in Vancouver, Calgary, Montreal and Ottawa.
Oak Green development plans move forward
Plans for the former Oakridge Transit Centre site are ramping up. Dubbed “Oak Green,” the development envisions including 17 buildings, which rise between three and 23 storeys, a childcare facility, a public park, retail space and social housing.
Winnipeg approves mixed-use project
A planned multifamily apartment building with street-level commercial units will bring new rental stock to the Lavalee neighbourhood of St. Vital, if developer Ryan Ridge’s vision moves forward as planned. Ridge is the owner of Ridgix Building Solutions Inc.
Winnipeg residential development on hold again
Proposals for high-rise residential development in the CF Polo Park area have been put on hold for a second time, to give Shindico Realty Inc., Cadillac Fairview and land owners more time to resolve differences with the Winnipeg Airports Authority.
Dream Global recommends approval of takeover
• Globe Newswire • RENX
Dream Global REIT (DRG-UN-T) today announced it is mailing its Management Information Circular in connection with the special meeting of unitholders to approve the proposed transaction with affiliates of real estate funds managed by The Blackstone Group (BX-N).
Killam announces $100.5M offering of trust units
• Canada Newswire • RENX
Killam Apartment REIT (KMP-UN-T) has reached an agreement with a syndicate of underwriters led by RBC Capital Markets to issue to the public, on a bought deal basis, 5,050,000 trust units for $19.90 per unit for gross proceeds of $100,495,000.
WeWork needs to close 2,300 phone booths
Cash-strapped WeWork has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the U.S. and Canada after it says it discovered elevated levels of formaldehyde.
MGM to sell Bellagio, Circus Circus resorts for $5B
• Reuters • PR Newswire • CP Executive
MGM Resorts International (MGM-N) said it would sell its Bellagio and Circus Circus Las Vegas resorts in separate deals valued at about $5 billion, as the U.S. casino operator seeks to monetize its real estate assets and bolster its balance sheet.
Barneys nears bankruptcy deal with HBC
• Globe and Mail (Sub. required) • Reuters
U.S. luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, sources said on Monday.
Hudson Yards seen as a trial for future malls
• CNBC
When the Hudson Yards megamall opened on the West Side of Manhattan roughly half a year ago, there were plenty of skeptics. The development is in many ways supposed to be the blueprint for a 21st-century shopping mall.
One in five Canadian homes purchased by newcomers
• Canada Newswire • Toronto Star • CBC
According to a survey commissioned by Royal LePage (BRE-T), newcomers to Canada represent one in every five homebuyers (21 per cent). If the current international migration level is maintained, Canadian newcomers are expected to purchase 680,000 homes over the next five years.
Cannabis boosting Canada’s housing market
Canada’s largest cannabis producers are being credited with micro-booms in some local economies and the trickle-down effects are visible in nearby housing sales and price increases. This trend is more pronounced in Eastern Canada.
Hopeful buyers left waiting as dispute roils CIM
• Globe and Mail (Sub. required)
Hopeful townhouse buyers are waiting to see if the condominium units they prepurchased in 2016 will ever get built as shareholders wage a power struggle for control of CIM International Group Inc. (CIM-CN), a Toronto-area real estate development company.
Home prices climb in Montreal, with no end in sight
If you’re thinking of getting into the market to buy a house, you should know: Waiting could cost you. Prices in Montreal have been rising steadily during the past few years, and the momentum doesn’t seem to be slowing.
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
