CT REIT building spec net-zero distribution centre in Calgary

RENX  Commercial  •  Industrial  •  National, Calgary

CT Real Estate Investment Trust is building a new net-zero distribution centre in Calgary – a state-of-the-art facility the scale of which president and COO Kevin Salsberg believes is a one-of-a-kind development in Canada.

Life sciences space key feature in KingSett’s 700 University redev.

RENX  Commercial  •  Office, Retail  •  Toronto / GTA

A three-pronged redevelopment on the site of the iconic curved glass office building at 700 University Ave. will add significant life sciences, retail and residential space to Toronto’s Discovery District.

Four-building mixed-use proposed in Leaside

Residential, Commercial  •  Urban Toronto

Hyde Park has proposed four mixed-use buildings ranging from 16 to 28 storeys at 943 through 963 Eglinton Ave. E. and 23 Brentcliffe Rd. in Leaside. The Graziani + Corazza Architects-designed proposal would include 1,279 residential units – 60 townhouses, 754 one-bedrooms, 321 two-bedrooms and 144 three-bedrooms – in addition to retail.

The Apartment Building Expert › Multi-generational families need asset and property managers

Derek Lobo: Founder and CEO , SVN Rock Advisors Inc.

Plan for 45-storey Hamilton tower moves ahead

Residential, Commercial  •  CBC  •  Global News

A 45-storey waterfront tower designed by KPMB Architects’ Bruce Kuwabara took a step closer to fruition Tuesday, with Hamilton city council’s planning committee agreeing on a process to move it forward — despite some local objections.

CF cries foul over Pointe-Claire’s temporary dev. freeze

Residential, Commercial  •  Montreal Gazette  •  La Presse

Developer Cadillac Fairview is requesting the city of Pointe-Claire exclude the Fairview shopping centre from its interim control resolution (RCI), or development freeze, which city council adopted last week. Cadillac Fairview announced plans for a massive commercial/residential project in 2020.

Sponsored by National Capital Commission Build more than an attraction. Build a legacy.

Rarely are there opportunities to make your mark at a new waterfront community in the heart of a Capital city. The National Capital Commission’s Building LeBreton project is poised for just such a legacy-building opportunity.

Calgary prepares for the return of office workers

Commercial  •  Calgary Herald

Thousands of employees are expected to descend on Calgary’s downtown next month as provincial work-from-home requirements are lifted and staff begin returning to their offices, welcome news or retailers, restaurants and bar operators who’ve faced sparse crowds for two years.

Toronto Zoo plans craft brewery and hotel

Commercial  •  CTV  •  Toronto Star

Visitors at the Toronto Zoo may be able to enjoy a craft beer or an overnight stay on site at a boutique hotel in the next decade or two, according to the facility’s new master plan.

Birks jewellers closing in downtown Victoria

Commercial  •  Victoria Times Colonist

Luxury jewellery retailer Maison Birks, a fixture in downtown Victoria for decades, is closing its Government Street store on March 26. Maison Birks, owned by Montreal-based Birks Group (BGI-A), has 25 Canadian stores, including flagship locations in Calgary, Montreal, Toronto and Vancouver.

Latest Sustainable Biz Canada headlines

Residential, Commercial  • 

CPP Investments commits to net-zero GHGs by 2050

Canada ranks No. 2 in world for LEED-certified buildings

Home values affected by flood risks: U Waterloo report

REIT fourth-quarter financial results

Residential, Commercial  • 

Choice Properties REIT, (CHP-UN-T), Business Wire
Killam Apartment REIT, (KMP-UN-T), Canada Newswire
Morguard REIT, (MRT-UN-T), Canada Newswire
Summit Industrial Income REIT, (SMU-UN-T), Canada Newswire

Ares buys net-leasing firm from Brookfield for $4.76B

Commercial  •  IPE Real Assets  •  Financial Post  •  IPE Real Assets

Ares Management Corporation has acquired U.S. car dealership specialist Capital Automotive from a Brookfield private RE fund for $4.76 billion Cdn. Capital Automotive is a self-managed real estate company that provides sale-leaseback capital to automotive dealers in the US and Canada.

Blackstone to buy preferred Apartment in $5.8B deal

Residential, Commercial  •  Bloomberg  •  Saltwire

Blackstone Inc. is buying apartment owner Preferred Apartment Communities Inc. in a deal valued at $5.8 billion, extending its bet on rental housing across Sun Belt states. Blackstone will pay $25 a share in cash for the Atlanta-based REIT.

Manulife, Logos JV on $80M Vietnam warehouses

Commercial  •  Mingtlandi  •  IPE Real Assets  •  Logos media release

Industrial developer Logos has made a fourth acquisition under its Vietnam logistics development vehicle, teaming with Manulife Investment Management on three high-tech warehouse facilities spanning 1,248,614 square feet in Ho Chi Minh City for more than $80 million US.

Vancouver’s EC, EDC JV on Calif. mixed-use project

Residential, Commercial  •  Canada Newswire  •  Deadline  •  PR Newswire

EC Rancho Mirage Holdings Limited Partnership and EDC U.S. Development Corp., both Vancouver-based, announced plans to collaborate with Disney on the Cotino mixed-use development in Rancho Mirage, Calif. Cotino will feature shopping, dining, entertainment and a beachfront hotel.

B.C. orders review of its own housing agency

Residential  •  Globe and Mail

The B.C. government has ordered an internal review of its own housing agency while B.C.’s Auditor-General is conducting two separate audits as BC Housing’s budget has exploded and the way it funds its non-profit partners has come under increased scrutiny.

Court certifies suit over Shangri-La tower windows

Residential  •  Vancouver Province

A B.C. Supreme Court case alleging that defective glass windows have been fogging, leaking and spontaneously breaking at the Shangri-La residential condo tower in downtown Vancouver has been certified as a class-action suit.

Charlottetown approves rules for short-term rentals

Residential  •  CBC

Charlottetown city council has approved new regulations for short-term rentals. New zoning and development rules will mean any short-term rental must be a primary residence. Owners will not be allowed to have multiple properties and apartments will not be allowed.

Ontario’s housing crisis ‘cruel game of musical chairs’: WEHBA

Residential  •  Daily Commercial News

Ontario’s housing crisis has deepened considerably over the last couple of years in part due to systemic barriers in the planning system, mostly at the municipal level, that thwart new construction, states West End Home Builders Association’s (WEHBA) Mike Collins-Williams.