Marlin Spring replaces Boardwalk in RioCan JV development

RENX  Residential, Commercial  •  Retail, Condominiums  •  Toronto / GTA

RioCan Living and Marlin Spring have entered their first joint venture for a mixed-use residential project on a 2.43-acre site at Sandalwood Square Shopping Centre in Mississauga.

Quebec Cree building 26-storey Montreal mixed-use

Residential, Commercial  •  CBC

The Cree Nation of Quebec has unveiled plans to build a 26-storey mixed-use tower on Robert Bourassa Boulevard in Old Montreal. The $100-million Odea Montreal project will include 435 residential units more than 10,000 square feet of commercial space and green space.

Allied returns Calgary’s Lougheed Block to glory

Commercial  •  Calgary Herald  •  RENX

Calgary has become a major benefactor of Toronto-based Allied Properties REIT’s (AP-UN-T) pursuit of buying and renovating historic buildings. The impressive Lougheed Block, Allied’s first Calgary purchase in 2010, is the latest to be restored to its former grandeur.

Sidewalk to convert Halifax office space to housing

Residential, Commercial  •  CBC

Sidewalk Real Estate Development is planning to convert vacant downtown Halifax office space into apartments. The conversion will happen at 1660 Hollis St., a 54-year-old office tower known as the Centennial Building.

Return to downtown Mtl. offices accelerating: Poll

Commercial  •  Montreal Gazette  •  Les Affaires  •  La Presse

Downtown Montreal’s office towers are filling up again. Sixty-one per cent of respondents in a Chamber of Commerce of Metropolitan Montreal poll released Wednesday say they are now back in the office at least part of the time.

Lindvest proposing mixed-use, apartment buildings

Residential, Commercial  •  Urban Toronto

Lindvest Properties is proposing a 24-storey mixed-use and a nine-storey apartment building, along with a new public park at 2402 Dufferin St. The RAW Design development proposal would provide a total of 405 residential units and 9,500 square feet of retail at grade.

Real World of Real Estate › Podcast: CRE financing with Greenbirch Capital and host Gerald Tostowaryk

Gerald Tostowaryk:

AutoCanada acquires 11 Autopoint Group dealerships

Commercial  •  Canada Newswire

AutoCanada Inc. (ACQ-T), a multi-location North American automobile dealership group, announced it has completed the acquisition of 11 dealerships from the Autopoint Group, a group that has operated for over 17 years across Southwestern Ontario.

Manulife named to Dow Jones Sustainability Index

Residential, Commercial  •  Sustainable Biz Canada

Manulife Financial Corporation was named to the Dow Jones Sustainability Index (DJSI), North American Composite. The DJSI is made up of leaders in sustainability among the top 20 per cent of the largest 600 Canadian and American companies.

QuadReal seeing success with national pop-up retail

Commercial  •  Retail Insider

The pandemic has provided opportunities for retailers to enter the marketplace through pop-ups. “Notwithstanding the necessity of pop-ups in this day and age, the current climate has helped to underscore their importance,” said Andy Clydesdale, EVP, Retail, QuadReal Property Group.

Biz group calls for help for Edm. retailers, restaurants

Commercial  •  Globe and Mail

Inside The Wish List Gifts store in Edmonton’s historic Old Strathcona neighbourhood, Gayle Martin is surrounded by novelty mugs, kitschy art and other odd trinkets. However, there is one thing missing: customers.

Ryan Beedie receives BC CEO Award

Residential, Commercial  •  Business In Vancouver

As president of Beedie, Ryan Beedie oversees one of the most successful industrial and residential property development companies in Canada. He grew up watching his father, Keith Beedie, build the company from a small construction contractor into a construction innovator.

Clairvest acquires U.S. casino, racetrack for $115M

Commercial  •  Globe Newswire

Toronto-based private equity management firm Clairvest Group Inc. (CVG-T) today announced it, together with Clairvest Equity Partners VI, completed the acquisition of the Delaware Park casino and racetrack in Wilmington, Del., for $115 million Cdn.

Toys”R”Us opening flagship at American Dream

Commercial  •  Chain Store Age  •  PR Newswire  •  Chain Store Age

WHP Global announced the mid-December grand opening of a 20,000-square-foot, two-storey Toys”R”Us flagship store inside Edmonton-headquartered Triple Five Group‘s American Dream entertainment/retail centre in Bergen County, N.J. American Dream comprises more than three million square feet minutes from NYC.

Fatal flaws behind Florida condo collapse

Residential  •  REMI Network

Investigators are likely to uncover defects in the original design and construction of Champlain Towers South which collapsed in June. Settlement of the site may also be a contributing factor, as may have been the construction of an adjacent development.

China stocks rise as real estate firms gain

Residential, Commercial  •  Financial Post  •  Fortune

China stocks rose Thursday, as developers led gains after seeking to issue domestic bonds. Hong Kong stocks edged up on the back of gains in financials and property shares, while a rebound in tech shares on Wednesday failed to sustain.

Starlight fund files prospectus for maximum $100M IPO

Residential  •  Canada Newswire

Starlight Western Canada Multi-Family (No. 2) Fund has filed with provincial securities commissions and obtained a receipt for a preliminary prospectus for an initial public offering of limited partnership units of a minimum of $42 million and a maximum of $100 million.

Building Brampton’s walkable communities

Residential, Commercial  •  Toronto Star

Master design plan Brampton 2040 Vision will see Brampton shift from being car-dependent to transit-oriented — with the Uptown community a new gateway. Before being endorsed by council, the Vision process involved the largest public engagement the city ever held.

Policymakers should examine data before proposing solutions

Residential  •  Financial Post

OPINION: The housing experiences of Canadians and their needs are diverse and not confined to the distinct cohorts of homeowners and renters, which is why policymakers and the private sector need to develop deep insights before trying to deliver solutions.

Calgary’s November home sales up 47% Y-O-Y

Residential  •  Toronto Star

The Calgary Real Estate Board says home sales soared by nearly 47 per cent year-over-year, just shy of a November record set in 2005. The board says home sales for the month amounted to 2,110, up from 1,437 during November 2020.