81-storey M3 condos to tower over Mississauga’s M City

81-storey M3 condos to tower over Mississauga’s M City

Mississauga’s M City will soon be home to the city’s tallest high-rise, and one of the tallest in the Greater Toronto Area. The 81-storey M3 will be the third addition to Rogers Real Estate Development Ltd., and Urban Capital’s M City. “It will probably be the CN Tower of Mississauga for many generations to come,” said Urban Capital partner Mark Reeve.

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BOMA 2018 awards honour Canada’s ‘exceptional buildings’

Canadian building owners and managers came together Wednesday night in Calgary to honour the best practices at the annual BOMA Canada National Awards Gala. The event, part of the BOMEX 2018 conference, celebrated the achievements of owners and managers as shining examples of what the commercial real estate industry is capable of achieving.

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Dream likes Saskatchewan despite ‘tough’ economy: Cooper

Dream, one of Canada’s biggest residential land developers and homebuilders, likes to promote its slogan of building better communities. The real estate company has certainly put those words into action as it works to grow its footprint in Saskatchewan, particularly its major centres Regina and Saskatoon.

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Graywood, Alterra invest big bread in Wonder Condos

An east-end Toronto site which had hosted bread factory since 1887 will become home for hundreds of people as a mixed-use development called Wonder Condos. “Everyone knows it as the Weston bakery, but it was Brown’s Bread and General Bakeries for a lot longer,” said Neil Pattison of Graywood, which is co-developing the project with Alterra.

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B+H designs PCL’s new Toronto Leed v4 office space

PCL Toronto has settled into its new Oakville office space in Westbury International Centre, which reflects both its heritage and future as Canada’s largest construction company. “Our previous space served us well for more than 25 years,” said Todd Craigen of PCL Constructors Canada Inc. “However, it was dated and in need of a major renovation.”

Sustainable Biz Canada

The relationship between cap rates and interest rates

Earlier this week, I forwarded a client some historical data on Saskatoon commercial real estate capitalization rates. He came back to me with the comment, “Would be interesting how it (cap rate information) trends with interest rates.” So I asked our market analyst for the data, and here are my observations.

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Six months ago: Arlington 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”. Arlington has purchased 42 buildings along 17th Avenue for future development. Now, it’s ready to pull the trigger.

Property Biz Canada

One year 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

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