Canlight launching Radio Arts in Hamilton, more to come

RENX  Residential  •  Condominiums  •  Ontario

The Spirit of Radio is one of the best-known songs by Toronto rock band Rush, and it will also infuse a new Hamilton condominium development from Canlight Realty Corporation. Radio Arts will be a 14-storey condo at 206 King St.

T.O.’s Mount Dennis says ‘yes’ to LRT development

Residential, Commercial  •  Toronto Star

Once a thriving industrial zone, Mount Dennis has in many ways been left behind compared to other Toronto neighbourhoods. However, a 223-page “Picture Mount Dennis Planning Framework” aims to turn into one of the most transit-connected parts of the city.

Menkes unveils reimagined 320 Bay office tower

Commercial  •  Urban Toronto  •  RENX

Menkes Developments‘ The Permanent at 320 Bay St. in downtown Toronto now glitters in gold with antique interiors paired with modern designs from B+H Architects. The 300,000-square-foot office tower was designed by prominent Canadian architect Henry Sproatt and constructed between 1928 and 1930.

The People Space › People Space: Cryer leaving CAPREIT, moves at Boardwalk, BTB …

Don Wilcox: Managing Editor

Building freezes buy time for cities in flux: Mayor

Residential, Commercial  •  Montreal Gazette

While Pointe-Claire is facing a mounting legal battle with several developers, including Cadillac Fairview, over its temporary building freeze, another Montreal mayor familiar with in-and-outs of a Règlement de contrôle intérimaire says they are an effective legal tool for cities.

Sponsored by Yardi Real estate ’22: Understanding tech’s rich data capabilities

Technology is transforming the real estate value chain. Canadian real estate professionals prioritizing advanced software solutions to help meet tenant needs and mitigate risk while adding efficiency across business operations.

Two Fitzrovia towers coming to Old Town Toronto

Residential  •  Urban Toronto

The Grainger and The Sanderson, Fitzrovia Real Estate‘s latest purpose-built rental project, is coming to Old Town Toronto. The Turner Fleischer Architects-designed towers will rise to heights of 38 and 40 storeys and feature 770 units – studios, one-, two- and three-bedrooms.

Spotlight, Urban Capital propose 12-storey residential

Residential  •  Urban Toronto

Spotlight Development and Urban Capital Property Group have proposed Marlee Condos, a 12-storey residential building on 774-782 Marlee Ave. in the Glen Park neighbourhood. The RAW Design proposal would have 301 residential units in a mix of 146 one-bedrooms, 29 one-plus-ones, 95 two-bedrooms and 31 three-bedrooms.

Ottawa’s Hazeldean Mall latest to lose anchor tenant

Commercial  •  Ottawa Citizen

Ottawa’s Hazeldean Mall, bracing for this summer’s departure of anchor tenant Laura’s Your Independent Grocer, is one of the many large, older and mostly car-dependent suburban shopping centres in North America facing heated competition from online shopping intensified by COVID-19.

Volatility in store for Prairie farmland values

Commercial  •  Western Investor

Western Canada farmland values showed strong growth in 2021, largely ignoring natural disasters. Record drought on the Prairies last year had “limited to no distinguishable impact,” Farm Credit Canada reported in conjunction with its annual report on farmland values.

Latest Sustainable Biz Canada headlines

Residential, Commercial  • 

QScale building ‘eco friendly’ data centre in Quebec
Nexii, Siemens accelerate EV charging infrastructure plan
Parkland details progress on EVs, renewable fuels

REIT fourth-quarter/year-end financial results

Residential, Commercial  • 

Flagship Communities REIT, (MHC-U-T), Canada Newswire
Marwest Apartment REIT, (MAR-UN-X), Canada Newswire
NorthWest Healthcare Properties REIT, (NWH-UN-T), Globe Newswire

HOOPP’s real estate portfolio posts 12.5% return in 2021

Residential, Commercial  •  Globe and Mail (Sub. required)  •  Bloomberg  •  Globe Newswire

The Healthcare of Ontario Pension Plan (HOOPP) recorded an 11.28 per cent return on investments for 2021. HOOPP’s $57.3-billion portfolio of publicly traded stocks returned 20.1 per cent. Its $17.9-billion real estate portfolio returned 12.5 per cent. The $2.7-billion infrastructure portfolio, launched in 2019, returned 14.2%.

KKR to buy Japanese RE asset manager for $2.46B

Commercial  •  Financial Post  •  Business Wire  •  IPE Real Assets

KKR & Co. said on Thursday it is buying Japanese real estate asset manager Mitsubishi Corp-UBS Realty Inc. for $2.46 billion Cdn, deepening the U.S. private equity firm’s presence in Japan. KKR will buy MC-UBSR from Mitsubishi Corp and UBS Asset Management.

Confiscating Russian oligarch’s real estate no easy task

Residential, Commercial  •  Politico  •  Building Design+Construction.  •  Bloomberg

In 2008, federal prosecutors brought a case against the owners of a 36-storey midtown Manhattan office building they alleged was linked to the Iranian government. It wasn’t until 2017 that a jury concluded the U.S. government could seize the building.

Amazon commits $124M to affordable TODs

Residential  •  Multi-Housing News  •  PR Newswire

Amazon is continuing to make good on its pledge to invest more than $2 billion to create affordable housing in three U.S. regions where it operates by investing more than $124.4 million to build 1,060 affordable apartments near four public transit sites in Maryland and Washington state.

Toronto vows crackdown coming on Airbnb scofflaws

Residential  •  Globe and Mail (Sub. required)

Five years after Toronto passed a bylaw regulating the short-term rental market, the city is finally preparing to unleash an enforcement blitz, according to Carleton Grant, executive director of Municipal Licensing and Standards, which oversees bylaw enforcement.

Canadian home prices climb 1.5% in February

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

Canadian home price gains accelerated again in February from January, climbing 1.5 per cent on the month as prices rose in nine of the 11 major markets, the Teranet-National Bank Composite House Price Index showed on Thursday.

Avana steps up for Saskatchewan affordable housing

Residential  •  CBC

Regina-based Avana Developments has started construction of a 116-unit apartment complex in Regina with 39 units dedicated to women and children fleeing domestic violence. President and CEO Jennifer Denouden said 80 per cent of the firm’s rental units are designated as affordable.

‘Affordable’ rentals priced above market rate

Residential  •  Toronto Star

A federal program that has approved billions in loans to get more rental housing built across Canada is using a formula that lets above-market-rent units count as affordable housing, according to researchers contracted by the federally appointed National Housing Council.