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Edenshaw plans condo tower at key Mississauga TOD site

1 year ago

Edenshaw plans condo tower on key Mississauga TOD site

A 26-storey, 352-unit residential tower in Mississauga which is proposed by Edenshaw Developments is, if approved, destined to become a major draw for investors.

1250 René-Lévesque earns perfect WiredScore mark

1250 boulevard René-Lévesque in Montreal, jointly owned by BentallGreenOak and Sun Life Assurance Company, has become the first platinum certified office building in Canada to obtain a perfect score from WiredScore.

RENX's Top-20 Canadian CRE stories of 2022

As we click our digital calendars over to 2023, it's time for a look back at the top articles from 2022, according to RENX's editorial team. There was never any doubt what would be No. 1 ...

2C2B invests $11M in Quebec co-working building

Quebec firm 2C2B Coworking is putting the finishing touches on an $11-million, five-storey building in Mascouche’s new CentrOparc business district. The structure will house the metropolitan area’s biggest co-working space outside Montreal and Laval.

Why the new home supply in Ontario will likely worsen

There is a mismatch between home supply and demand and the population boom is contributing to the divide. Therefore, the supply of new homes (rental and owner occupied) in Ontario will likely worsen in the short term. 

Sponsored by: Firm Capital Corporation

High office vacancy rates spell continuing trouble

ANALYSIS: Businesses that depend on the flow of office workers are struggling as vacancy rates in office towers across Canada continue to rise. Vancouver's office tower vacancy rate has tripled since 2019, while Montreal's has doubled. 

Public service managers given back-to-office flexibility

A memo from Chief Human Resources Officer Christine Donoghue gives public service managers the ability to allow employees to fulfill their prescribed office hours — 40 to 60 per cent of their work schedule — on a weekly or monthly basis.

Empire's Medline defends profitable grocers

Michael Medline was adamant: The big grocers didn’t rip you off this year. The speech was the fiercest defence of the grocery industry in 2022, a year in which Empire et al have become some of the most unpopular businesses.

L.L.Bean continues expansion with Edmonton store

U.S. based outdoor specialty retailer L.L.Bean officially opened its 20,000-square-foot West Edmonton Mall store earlier this month. The Edmonton L.L.Bean store marks the 12th store in Canada and second store for the retailer in Alberta.

Taking sustainability beyond vision to execution: GPM

The real estate industry needs to move from vision to execution on its sustainability, ESG and net-zero goals. That was the central theme of an expert panel at the Global Property Market conference in Toronto.

Brookfield acquires million-sq.-ft. N.J. industrial asset

Brookfield Properties has purchased a two-building industrial development in Jackson, N.J., totalling over 1 million square feet. Cushman & Wakefield represented the seller, a partnership of Active Acquisitions, Stonecutter Capital and Columbus Square Management, and procured the buyer.

Recalibration of CRE to stabilize by mid-2023: Colliers

The bumpy ride that commercial property investors and developers have been enduring for two years may give way to a smoother path in 2023, but it will probably take until mid-year, according to Colliers Canada's Emeka Mayes.

Link REIT buys Singapore malls for $1.6B

Hong Kong’s Link REIT is venturing into Singapore with a $1.6 billion US acquisition of two shopping malls in the country’s suburban area from Mercatus Co-operative. The deal will make Link one of Singapore's top 10 retail asset owners.

$536M loan closes for massive office-to-res project

GFP Real Estate, Metro Loft and Rockwood Capital have closed on a $536-million loan for the office-to-residential redevelopment of 25 Water St. in New York City. The 22-storey, 1.1-million-square-foot property will include 1,300 units.

Lanterra bringing boutique hotel to Glenhill Condominiums

Mark Mandelbaum, chairman of Lanterra Developments, noted one thing Toronto's Glen Park neighbourhood didn’t have: a hotel. It was the inspiration for integrating the luxury 23-suite Glenhill Hotel with the Glenhill Condominiums, a nine-storey building with 127 residences.

New B.C. housing minister plans to rapidly increase housing

Newly appointed B.C. Housing Minister Ravi Kahlon has plans to hit the ground running to get more homes built. Premier David Eby gave Kahlon the portfolio during his cabinet announcement, one of the most closely watched in Eby's term. 

B.C. boosts funds to Residential Tenancy Branch

British Columbia is beefing up its residential housing agency that resolves tenant-landlord disputes over issues including unfair evictions, unpaid rent and damage. The Residential Tenancy Branch budget will be increased by about $15.6 million over three years.

Calgary battling illegal basement suites

The City of Calgary continues to battle illegal basement suites. There are 8,846 registered secondary suites — but the city says there are many more illegal ones. Amid a tight rental market, that's expected to get worse.

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