Crown Realty V LP fund acquires 4 Ottawa office bldgs.

RENX  Commercial  •  Office, Apartments  •  Ottawa

Crown Realty Partners has added four class-A office buildings comprising 415,000 square feet of space, as well as up to 500,000 square feet of future development potential, to its fast-growing Ottawa portfolio.

RioCan REIT outlines new 5-year growth strategy

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

RioCan REIT unveiled a five-year “quality and growth” strategy focused around four pillars during a presentation to investors this week. “Quality represents the strong fundamentals of our business, upon which we’ll continue to build,” president and CEO Jonathan Gitlin said.

Streetworks, RioCan plan office tower for Van. HBC

Commercial  •  Globe and Mail  •  CBC  •  Retail Insider

Streetworks Development has partnered with RioCan REIT (REI-UN-T) in a bid to transform downtown Vancouver’s HBC building into a mixed-use development including one million square feet of office space in a new 12-storey building built above the existing six-storey store.

Real Estate Wealth Insights › Urban density may be one of our best strategies to fight climate change

Chris Nickerson: Managing Director, Equiton

CF proposes three Pointe-Claire residential buildings

Commercial  •  Montreal Gazette

Cadillac Fairview presented its long-awaited redevelopment plan Wednesday for the Fairview shopping centre parking lot in Pointe-Claire, despite a recent city-imposed building freeze for the area. The project would include three buildings with a total of more than 835 residential units.

Madison Group unveils Toronto’s ALiAS Condos

Residential, Commercial  •  Canada Newswire  •  RENX

Madison Group has unveiled details for its 45-storey ALiAS Condos at Church and Richmond Streets in Old Toronto. The Teeple Architects– and Turner Fleischer Architects-designed building will include 546 suites and 7,000 square feet of street-level retail space.

Sponsored by Grosvenor Grosvenor promotes Marc Josephson to Senior Vice President of Development, Vancouver

Grosvenor, a property owner and developer with a 70- year track record in North America and $3.26 billion development pipeline in Vancouver, has promoted Marc Josephson to Senior Vice President, Development in Vancouver.

Republic proposes two 14-storey mixed-use buildings

Residential, Commercial  •  Urban Toronto

Republic Developments has proposed to build two 14-storey mixed-use buildings at 6167 Yonge St. in Willowdale. The IBI Group-designed buildings would include a total of 549 residential units – in a mix of 25 studios, 317 one-bedrooms, 145 two-bedrooms, and 62 three-bedrooms – in addition to retail space.

Manulife acquires 39,402-sq.-ft. B.C. mixed-use

Residential, Commercial  •  Canada Newswire

Manulife Investment Management announced the acquisition of Garibaldi Village I, an open-format shopping centre located in Squamish, B.C., on behalf of Manulife’s Canadian Pooled Real Estate Fund. The mixed-use office and retail property totals 39,402 square feet.

Fieldgate proposes 16-storey mixed-use

Residential, Commercial  •  Urban Toronto

Fieldgate Urban has proposed a 16-storey mixed-use building alongside a four-storey stacked townhouse component in Toronto’s Lansing neighbourhood. The IBI Group-designed buildings would total 381 residential units – 285 one-bedrooms, 57 two-bedrooms, 30 three-bedrooms and nine townhouses – in addition to 2,153 square feet of retail space.

Latest Sustainable Biz Canada headlines

Residential, Commercial  • 

REALPAC’s Michael Brooks on his WGBC role

Westport Fuel Systems joins World Hydrogen Council

71% of Canadians would buy an EV: KPMG

REIT fourth-quarter financial results

Residential, Commercial  • 

CAPREIT, (CAR-UN-T), Globe Newswire
Crombie REIT, (CRR-UN-T), Canada Newswire
Slate Grocery REIT, (SRT-U-T), Business Wire

PSP JVs on Aussie development project

Commercial  •  Canada Newswire

The Public Sector Pension Investment Board (PSP Investments) and Australian property firm Charter Hall Group are acquiring a development project under construction in Brisbane, Australia. The property comprises a 269,000-square-foot office development and a 464-bay public carpark.

Kmart is down to its last four U.S. stores

Commercial  •  Oregon Live  •  Wired

At its peak in the 1990s, Kmart operated about 2,400 stores and employed 350,000 in the United States and Canada. Long gone from Canada, the last four U.S. stores look like relics from the past.

Lowe’s raises full-year forecast

Commercial  •  Globe and Mail  •  PR Newswire

U.S. home improvement chain Lowe’s Cos Inc. (LOW-N) lifted its full-year sales and profit forecast on Wednesday, as home improvement retailers benefit from resilient demand for tools and building materials.

Home Depot tops quarterly sales estimates

Commercial  •  Globe and Mail (Sub. required)  •  Canada Newswire

Home Depot Inc. (HD-N) beat quarterly sales and profit estimates on Tuesday, buoyed by steady demand for its tools, paint and building materials during the holiday season.

T.O. investors increasingly scooping up Calgary condos

Residential  •  Bloomberg

Some cash-flow hungry real estate investors in Toronto are now looking to the Calgary housing market where prices are considerably lower, according to Steve Saretsky, a Vancouver-based realtor with Oakwyn Realty.

Price of new GTA homes drops $60,000 M-O-M

Residential  •  Toronto Star  •  Globe Newswire

The price of new construction homes in the GTA was down nearly $60,000 month-over-month in January, as condo sales hit a record high while the supply of single-family houses continued to dwindle, the Building Industry and Land Development Association reported Thursday.

Buyer fatigue already cooling housing market

Residential  •  Financial Post  •  Toronto Star  •  Globe and Mail (Sub. required)

VIDEO: John Pasalis, president of Realosophy Realty Inc., talks with the Financial Post’s Larysa Harapyn about buyer fatigue cooling Canada’s housing market.

Dividing downtown lots would make housing affordable

Residential  •  Financial Post  •  Financial Post

OPINION: To add affordable housing, Toronto might look to emulate California, which is allowing homeowners in single-family districts to convert their dwellings into duplexes or subdivide an existing lot into two to build duplexes on each, resulting in four dwellings.