OxWorx a winner in Oxford’s downtown Calgary offices

RENX  Commercial  •  Office  •  Calgary

With the beleaguered Calgary downtown office market continuing to struggle with exorbitant vacancy rates, Oxford Properties Group, which owns five office properties in the core, is expanding its unique OxWorx program to attract tenants. The initiative has been working.

Imperial acquires Edmonton warehouse for $7.36M

Commercial  •  Canada Newswire

Imperial Equities Inc. (IEI-X) today announced it has finalized the purchase of the Russell Hendrix Building in West Edmonton. The transaction is expected to close on March 31 and is valued at $7,360,000. The 71,381-square-foot industrial warehouse sits on a 2.96-acre site.

Durum Industrial acquires Alberta building for $3.995M

Commercial  •  Sedar

Durum Industrial REIT announced the execution of the latest purchase and sale agreement for a 17,640-square-foot building located in Clairmont, Alta. The anticipated purchase price is $3,995,000 for the 2.14-acre parcel.

Vancouver RE Forum postponed until Sept. 30

RENX  Commercial  •  Human Resources  •  National, Metro Vancouver

Informa Canada has postponed two Vancouver real estate conferences due to COVID-19 (novel coronavirus) precautions. The Vancouver Real Estate Forum – now scheduled to take place Sept. 30 – and the Western Apartment Investment Conference are both being postponed.

Second consultation needed on Mtl. stadium: Report

Commercial  •  La Presse

Before making a final decision, the City of Montreal should conduct a second consultation relating solely to the construction of a professional baseball stadium in Peel Basin, the Office de consultation publique de Montréal concludes in a report.

Plenty of trends at play in St. John’s CRE market

Commercial  •  Halifax ChronicleHerald

Take a drive around the business parks and retail-office areas of St. John’s metro and you’ll spot quite a few for-lease and for-sale signs. Martek CEO Charlie Oliver knows from experience the business goes through waves of change.

The People Space › People Space: New Colliers CEO, execs at Boardwalk, REW.ca …

Don Wilcox: Managing Editor

Colliers to acquire engineering services firm

Commercial  •  Globe Newswire

Global CRE services and investment management firm Colliers International (CIGI-T) has entered into an agreement to acquire a controlling interest in Maser Consulting P.A., one of the leading multi-discipline engineering design and consulting firms in the U.S.

Downtown Regina site sale falls through

Commercial  •  Regina Leader-Post

A conditional offer to buy Regina’s old Capital Pointe site by Royalty Developments Ltd. for $2.3 million has fallen through, but another bidder is hoping an appeal going before the courts later this month will still result in a sale.

Will WeWork help revitalize downtown Calgary?

Commercial  •  CBC

OPINION: WeWork, the world’s leading co-working platform, recently opened two locations in downtown Calgary. So, is this the beginning of the mega-transformation of Calgary’s downtown? Is it the start of the diversification of the downtown economy?

Toronto 42-storey mixed-use tower proposed

Residential, Commercial  •  Urban Toronto

A rezoning application has been submitted for a SvN-designed mixed-use tower across from St. James Park at 110 Adelaide St. E. in Toronto. The proposal would see a 42-storey, 145.2-metre tower constructed containing retail, office, and residential uses.

REOC fourth-quarter financial results

Commercial  • 

Bridgemarq Real Estate Services, (BRE-T), Canada Newswire

Chartwell Retirement Residences, (CSH-UN-T), Canada Newswire

Genesis Land Development Corp. (GDC-T), Canada Newswire

Maplewood International sells Dutch property for $9.8M

Commercial  •  Globe Newswire

Maplewood International REIT (MWI-UN-X) announced it has executed a binding purchase and sale agreement of its sole investment property in the Netherlands for $9.8 million Cdn with a purchaser at arm’s length to the REIT.

Aon to buy Willis in $30B insurance mega-deal

Commercial  •  Reuters

UK-based Aon Plc said on Monday it would buy Willis Towers Watson for nearly $30 billion in an all-stock deal that creates the world’s largest insurance broker but is almost certain to face regulatory hurdles.

Coronavirus hinders residential and CRE construction

Residential, Commercial  •  Forbes

The global financial volatility associated with coronavirus has led  to a disruption in the price of lumber, which is widely used in housing production as well as the price of oil, which is a key ingredient in CRE construction.

Cineworld shareholder sells partial stake over virus fears

Commercial  •  Reuters

Cineworld’s biggest shareholder sold part of its stake to refinance existing loans, the company said on Monday, after the cinema operator’s stock tumbled on concerns about the potential impact of the coronavirus on box office attendance.

Little progress on Cambie Corridor rental targets

Residential  •  Vancouver Sun  •  Daily Hive

There is a glaring row of zeros in a report to Vancouver city council about the Cambie Corridor — indicative of slow progress on social and below-market housing as construction booms along the major transportation artery.

T.O. affordable housing needs more than ‘tinkering’

Residential  •  Daily Commercial News

Toronto’s $23-billion affordable housing plan is welcome but it falls short of demand, according to Richard Lyall, president of the Residential Construction Council of Ontario (RESCON), and Building Industry and Land Development Association (BILD) president and CEO Dave Wilkes.

Empire brings first master-planned community to Hagersville

Residential  •  Globe Newswire

Award-winning Empire Communities, one of North America’s largest private homebuilders, is bringing the first master-planned community to Hagersville, Ont., named Empire Livingston. Launching in spring 2020, Livingston will offer detached homes starting from the low $500,000s.

Canadian start-up looks to modernize mortgage sales

Residential  •  Winnipeg Free Press

Canadian startup Pinch Financial is looking to help make it easier to buy homes using technology by speeding the mortgage approval process while bypassing the commission and delays of a broker.