After year of change, Dream a ‘stronger company’: Cooper

RENX  Commercial  •  Condominiums, Office, Apartments, Land  •  National, International

Dream Unlimited (DRM-T) has undergone major changes since late last year and is continuing to sharpen its focus. “We’ve added a lot more income properties and recurring income,” Dream’s Michael Cooper said. “We’ve generally just been building a stronger company.”

Developer partners propose Toronto rental towers

Residential  •  Urban Toronto

WDL 20 LP, a partnership between developers Dream Unlimited, Kilmer Group and Tricon Capital Group, has proposed a pair of Henning Larsen Architects-designed rental towers in Toronto’s mixed-use West Don Lands community.

Ivanhoé looks to reduce stake in shopping centres

Commercial  •  Globe and Mail (Sub. required)  •  RENX

Ivanhoé Cambridge’s new CEO Nathalie Palladitcheff is speeding up plans to overhaul the $64-billion real estate company as the coronavirus pandemic devastates the economy and hastens a shift away from traditional shopping centres.

Cineplex suing after Cineworld scraps $2.8B takeover

Commercial  •  CBC  •  Toronto Star  •  Financial Post

International movie theatre chain Cineworld PLC says its deal to buy Cineplex Inc. (CGX-T) for $2.8 billion is off, claiming “certain breaches” of the contract were made by the Canadian company, who vowed to see Cineworld in court for damages.

Longridge a major player on Caledon golf scene

Residential, Commercial  •  Globe and Mail

A group of investors managed by real estate investment company Longridge Partners Inc. have emerged on the Caledon, Ont., golf scene. The company’s portfolio includes more than 2,000 acres of developable land near Devil’s Pulpit Golf Association which it recently purchased.

Progressive building 320-unit Wpg. rental property

Residential  •  Winnipeg Free Press

For $5 million, Progressive Real Estate purchased 19 acres on Normand Avenue and sold about 11 back to the City of Winnipeg in March. On the remaining eight acres, it plans to build Parkview Terrace, a seven-phase development with 360 rental units.

Value: Weighed and Measured › CRE is a long-term investment, now more than ever

John Clark: Vice President , The Regional Group of Companies Inc

Concord Pacific acquires The Clover on Yonge

Residential  •  Toronto Star

Concord Pacific has taken ownership of The Clover on Yonge, at Toronto’s Yonge and Wellesley Streets, the company confirmed. The Clover is the most advanced in construction of three residential projects by Cresford Developments that went into receivership in March.

Walmart, Shopify partner to expand online business

Commercial  •  Reuters  •  Financial Post  •  Toronto Star

Walmart Inc. (WMT-N) said on Monday it has partnered with e-commerce firm Shopify Inc (SHOP-T), as it looks to expand its online marketplace business and cash in on the coronavirus-driven jump in online shopping.

Thousands more retail closures expected

Commercial  •  CTV

As 2020 approaches the halfway mark and provinces start to slowly reopen, Retail-Insider.com retail analyst and founder Craig Patterson predicts thousands more stores and restaurants could shutter in Canada by next year, with the effects felt for years to come.

Mtl. firms launch personal assistant to revive sales

Commercial  •  Montreal Gazette

There’s a new concierge in town. Thousands of downtown Montreal businesses are joining forces to set up Génie Centre-Ville, a new personal shopping assistant service that features same-day delivery in a bid to revive sales.

Roots sales nearly halved despite online surge

Commercial  •  Toronto Star  •  Canada Newswire  •  Canada Newswire

Even as its online business more than tripled, Toronto-based retailer Roots Corp.’s (ROOT-T) sales were cut nearly in half in its first quarter due to the impact of store closures during the COVID-19 pandemic.

Century reopens all five of its Alberta casinos

Commercial  •  Canada Newswire

Century Casinos, Inc. (CNTY-Q) announced today that operations at Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, Century Downs Racetrack and Casino as well as Century Casino Calgary resumed on Saturday.

Is the Simon-Taubman merger really off?

Commercial  •  CP Executive

Is Simon Property Group really walking away from its $3.6 billion bid to buy Taubman Centers Inc. or just negotiating a lower price for the 25 million-square-foot portfolio of high-quality malls because of the pandemic’s impact on retail?

New Yorkers are flocking to Florida

Residential  •  Forbes

There is one thing the pandemic and the recent protests have showed people living in the tri-state area, Manhattan, Jersey City, White Plains . . . these are no places to be in a public health emergency.

Wyndham opening five new Ramada hotels in China

Commercial  •  PR Newswire

Wyndham Hotels & Resorts, the world’s largest hotel franchising company, today announced it will add five new hotels to its Ramada by Wyndham brand in China this quarter. Wyndham has more than 1,500 hotels across China.

Canadian sales, listings rise dramatically in May

Residential  •  Canada Newswire  •  Financial Post

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings were up 56.9 per cent and 69 per cent, respectively, in May compared to April, though still historically low at this point.

Surprising price surge for Montreal homes

Residential  •  La Presse

Julie Tremblay wanted to take advantage of the announced drop in property prices to acquire a single-family South Shore home. However, when she made an offer at the end of May for a semi-detached listed at $331,000, someone had already offered $335,000.

Montreal residents call for pause on evictions

Residential  •  CBC

With Quebec’s moratorium on evictions set to be lifted next month, residents of Montreal’s Parc-Extension neighbourhood are worried the city’s tight housing market could leave them with nowhere to go.

COVID-19 exposes precarious situation of many families

Residential  •  Globe and Mail

OPINION: Shutting down whole swaths of the economy to combat COVID-19 has exposed other “underlying conditions” that threaten the long-term social and economic health of our country. The precarious economic situation of most Canadian families has come into troubling relief.