Arlington Street buys 42 buildings for new Calgary high street

Arlington Street buys 42 buildings for new Calgary high street

Frank Lonardelli has closely tracked the evolution of 17th Avenue S.W. in Calgary into one of the city’s busiest roadways. The founder of Arlington Street Investments is now poised to take advantage by helping build the area into a “high street”. Lonardelli says Arlington has purchased 42 buildings along 17th Avenue – consolidating land holdings for future development. Now, it’s ready to pull the trigger.

Read more

Industrial Lifestyle Properties REIT to specialize in cannabis

A Calgary investment firm is launching one of Canada’s first cannabis real estate investment trusts. CBi2 Capital announced this week investment in Industrial Lifestyle Properties Real Estate Investment Trust (iLP) which will acquire, develop and manage cultivation facilities, industrial properties and real estate for the cannabis industry.

Read more

PropTech companies growing in number and value

Property technology, or PropTech, defines startups offering technologically innovative products or new business models for the real estate industry. And there are likely a lot more of these firms than you think. “There are probably dozens of companies that you haven’t even heard of yet, that are competing to get out of the basement and into your boardroom,” said MetaProp NYC partner Zak Schwarzman.

Read more

Starlight eyed new DND HQ in Ottawa office acquisition

When Starlight Investments’ True North Commercial REIT bought two suburban Ottawa office buildings in the fall of 2017, the property itself was only part of the attraction. A major reason True North snapped up the Bells Corners campus is because of who is moving in just down the road … the new Department of National Defence headquarters and its thousands of workers.

Read more

Ontario Northland auctions North Bay commercial building

Ontario Northland is accepting online bids, via a website which specializes in government real estate sales, on a 9,559 square foot commercial building in downtown North Bay, Ont. The building is located at 195 Regina Street, a central location on the corners of Regina and Oak Street East. The auction at the GovDeals.ca website ends today (Thursday, April 5) at 2 p.m. ET.

Read more

Hydro usage penalties, and how businesses can avoid them

Thousands of Canadian businesses are unwittingly paying hydro penalties which are, in most cases, buried in their monthly hydro bills. These charges – which can be excessive – relate to the unused portion of energy supplied by hydro companies to their customers. If the used portion is below a certain threshold, these penalties are applied.

Read more

Six months ago: Allied, RioCan buy commercial portion of The Well

Allied Properties REIT and RioCan REIT are buying Diamond Corp.’s 20 per cent interest in the office and retail components of Toronto’s The Well for up to $42 million. The transaction means Allied and RioCan will each own 50 per cent of the commercial component of the three million square foot, mixed-use development.

Property Biz Canada

One year ago: Apartment developers discuss Toronto rental market

Housing and rental prices in Canada, and particularly the Greater Toronto Area, were the focus of the opening panel of CIBC’s 22nd annual real estate conference.“Rising home and condo prices have put pressure on affordability in Canada, which plays perfectly into what we do, which is provide affordable rental housing,” said Daniel Drimmer, president and CEO of Starlight Investments Ltd.

Property Biz Canada

	RENX has surpassed 10,470 Twitter followers
	Recent follower The Nationwide Group is based in Markham, Ont., and is comprised of: Nationwide Appraisal Services, Nationwide Recovery Services, InHouseUSA & Nationwide Home Closing Services.
	Follow RENXca, the most comprehensive news feed on Twitter for Canadian real estate professionals.