Zibi a $1.5B development in the heart of Ottawa, Gatineau

Zibi a $1.5B development in the heart of Ottawa, Gatineau

Zibi is a four-million-square-foot, $1.5-billion, mixed-use development which will take another decade to complete. But to Jeff Westeinde, it is more than statistics, Zibi brings Ottawa and Gatineau full circle, reimagining and redeveloping the historical heart of the two cities.

Read more

Brookfield lays out its Niido / Airbnb partner strategy

Brookfield Asset Management has invested $200 million in a joint venture with Niido, Airbnb’s multi-family development partner, and managing director Jonathan Moore revealed more about the deal at the Canadian Apartment Investment Conference. “We’ve decided to try and pick apart a few different niches within the residential marketplace …” said Moore.

Read more

Agellan acquires interest in 1.9M-sq.-ft. distribution centre

Agellan Commercial REIT will add two southern U.S. industrial properties to its portfolio; a 50 per cent interest in a massive distribution centre in Atlanta, and 100 per cent ownership of a property in Austin, Texas. “The REIT is excited to expand its presence in both the Atlanta and Austin markets in which the REIT has strong knowledge and has had historical success” said Frank Camenzuli, Agellan’s CEO.

Read more

HSBC moving Toronto office to CF’s new 16 York tower

With the summer doldrums behind us, the major lease signing announcements are rolling in. HSBC Bank Canada says will be one of the principal tenants at Cadillac Fairview’s new 16 York Street office building in Toronto. HSBC and CF said the agreement means the financial institution will move its Toronto corporate office in October 2021.

Read more

‘Vertical city’: True mixed-use condos catch on in Ottawa

Master-planned, mixed-use communities are looking up in Ottawa. Our city is following in the footsteps of other large urban centres such as Toronto and New York, where these neighbourhoods are proving tremendously successful. Building “up” rather than “out” is making great use of precious land in Ontario, especially in major urban areas.

Read more

1,000 lease changes later . . .

Receiving that first response from a tenant we’ve not encountered before, after waiting for their review of a lease, is always interesting. We represent both tenants and landlords; this article has been written from the perspective in which I am representing the Landlord.

Read more

Six months ago: RioCan Living keeps REIT ‘ahead of the curve’

RioCan REIT senior vice-president Jonathan Gitlin says the new Riocan Living brand creates a distinct unit that will focus on the trust’s plans to redevelop 43 retail properties during the next seven-to-10 years. Gitlin told RENX the goal is to make those properties “more resilient and future-proof and ultimately more valuable.”

Property Biz Canada

One year ago: InterRent buys Montreal, Hamilton apartments

InterRent Real Estate Investment Trust will spend $65 million to purchase two neighbouring high-rise apartment buildings in Montreal and a mid-rise apartment complex in Hamilton. “We are extremely pleased to announce these two acquisitions,” said InterRent CEO Mike McGahan. “In Montreal, one of the REIT’s core growth markets, this property is amongst the best locations, right in the heart of downtown.”

Property Biz Canada

	RENX has surpassed 10,530 Twitter followers
	Recent follower Morguard Apartments is part of Morguard, which owns and manages more than 19,000 rental apartment suites across North America.
	Follow RENXca, the most comprehensive news feed on Twitter for Canadian real estate professionals.