CWB to anchor new Edmonton ICE District office tower

RENX  Commercial  •  Office  •  Edmonton

CWB Financial Group (Canadian Western Bank) will be moving its corporate head office into a new 16-storey tower to be completed in 2025 in Edmonton’s growing and thriving downtown ICE District.

Risks, ESG key topics at RealCapital allocations panel

RENX  Commercial  •  Investment  •  National

Senior executives from institutional, banking and investment management firms discussed challenges and maximizing returns during the virtual RealCapital conference on March 1.

Montoni JV’s 6M-sq.-ft. Montreal project launched

Residential, Commercial  •  La Presse  •  Canada Newswire

Montoni, Groupe Sélection and Fonds immobilier FTQ are launching the first phase of their six-million-square-foot mixed-use project on Old Montreal’s former Molson brewery site. On the oldest portion of the site, 75% of the heritage buildings will be kept or transformed.

How Blackstone became one of the world’s top warehouse owners

Vasant Jain: Founder, Pelion

Eight women changing Canada’s multires market

Residential, Commercial  •  REMI Network  •  Toronto Storeys  •  Western Investor

The following eight women are just a few leaders with big ideas for creating an inclusive, climate-resilient future through multi-residential projects. They are developers, architects and designers who are reimagining Canada’s built environment and shaping welcoming living spaces for all.

Harrison Equity JV proposes Hamilton mall redev.

Residential, Commercial  •  Hamilton Spectator  •  Canada Newswire  •  insauga

Harrison Equity Partners and Retail Ventures CND Inc., are proposing to redevelop Hamilton’s 45-acre Eastgate Square site into a revitalized retail destination and residential community. The area will benefit from the Centennial GO train station and Hamilton Light Rail Transit.

Chestnut Hill proposes second mixed-use condo

Residential  •  Urban Toronto

Across from The Dylan mixed-use condo, Chestnut Hill proposes the 28-storey mixed-use The Dylan 2 Condominium at 805 Glencairn Ave. in Toronto’s Glen Park. The Kirkor Architects and Planners-designed building would include 306 condos – two live-work units, 199 one-bedrooms, 81 two-bedrooms and 24 three-bedrooms.

London’s office market may be turning corner: CBRE

Commercial  •  London Free Press

London’s downtown office market may have just bottomed out. “I think for the first time in a few years it may be turning a corner,” CBRE executive Ted Overbaugh said. “We are starting to see signs of life, some activity.”

Canadian retailers adapting to new reality: CBRE

Commercial  •  Retail Insider  •  Canadian Grocer

CBRE’s Canada Real Estate Outlook says the retail market continues to evolve and adapt to the changing landscape and innovation and a focus on experience will see the sector reinvigorated this year as consumer confidence remains positive and spending stabilizes.

Supply chain chaos continues to hammer manufacturers

Commercial  •  Ottawa Citizen

In a survey conducted by Canadian Manufacturers & Exporters, 90 per cent of manufacturing firms say they’re experiencing supply chain problems, which in turn are dampening production and resulting in lost sales.

Masking rule enforcement differs by firm

Commercial  •  Toronto Star  •  Globe and Mail  •  Globe and Mail

While some Ontario offices are allowing employees to remove masks when distanced, others such as Colliers Canada have ruled masks can only be taken off at a desk or lunch area, similar to food courts in Toronto’s financial district.

REIT fourth-quarter/year-end financial results

Residential, Commercial  • 

American Hotel Income Properties REIT, (HOT-UN-T), Canada Newswire
BSR REIT, (HOM-U-T), Canada Newswire
Minto Apartment REIT, (MI-UN-T), Canada Newswire

Lineage acquires MTC Logistics’ four locations

Commercial  •  Business Wire

Lineage Logistics, the world’s largest temperature-controlled industrial REIT and logistics solutions provider, has acquired MTC Logistics and its four locations near the ports of Baltimore, Wilmington, Del., and Mobile, Ala. Lineage will add nearly 38 million cubic feet of capacity.

Walmart plans more fulfillment centres

Commercial  •  Chain Store Age

Walmart is opening a new 1.8 million-plus-square-foot fulfillment centre in Shippensburg, Pa., part of a broader initiative to add more capacity into its supply chain as it prepares for growth. In Q4 2022, Walmart U.S. e-commerce cited 70% growth during a two-year period.

Banks remaking their offices for the hybrid era

Commercial  •  Financial Post

The new staples of office life go beyond hand sanitizer and air filters. For some Wall Street banks, they involve natural light, lots of plants and cold brew on tap, too.

Remote-work experts in demand

Commercial  •  Bloomberg

When Stanford economics professor Nicholas Bloom first studied working remotely in 2004, less than five per cent of all full workdays took place at home, making the subject a low priority for business schools and corporate leaders. Then came COVID-19.

A rising tide of water problems for condo residents

Residential  •  Globe and Mail (Sub. required)

Concord Pacific, one of Canada’s largest condominium builders, has announced it will add a raft of new technologies and systems to its future high-rise projects to help address an increase in water damage problems, which it calls an industry-wide issue.

The top 5 items creating housing construction delays

Residential  •  Daily Commercial News

If you are planning on constructing a new home or starting a remodeling project, there is no doubt you will experience delays. If you are dealing with a time crunch for completion, my best advice is to buy, not build.

Toronto’s luxury buyers take off the gloves

Residential  •  Globe and Mail (Sub. required)

Harvey Kalles Real Estate‘s Andre Kutyan says bully offers are nearly ubiquitous in the $3 million to $5 million range in sought-after Toronto neighbourhoods. “These buyers are getting very aggressive and their agents are getting aggressive as well,” he says.

Regina sees record home sales for month of February

Residential  •  CTV

Regina saw a record number of residential home sales for the month of February, with 261 properties sold. Sales in both February 2022 and 2021 were well above the 10-year average for the month, according to the Saskatchewan REALTORS Association’s monthly report.