Seeking a large ind. space in Vancouver? There are none

RENX  Commercial  •  Industrial  •  Metro Vancouver

Vancouver’s industrial real estate market continues to be on fire with record low vacancy and the fifth consecutive quarter of no vacancy in the 100,000-plus-square-foot range; in fact, Colliers now also reports no available spaces larger than 50,000 square feet.

NexLiving makes major acquisition, grows portfolio 40%

RENX  Commercial  •  Apartments, Seniors Housing  •  Atlantic Canada

During the three years since its inception, NexLiving Communities (NXLV-X) has been growing slowly and steadily. It is now taking a much larger leap, announcing an agreement to acquire 10 “active-living communities” comprising 370 apartments in Moncton and neighbouring Riverview for $72.6 million.

Ivanhoé acquires Greystar U.S. multires for $3.6B

Residential  •  The Real Deal  •  Multi-Housing News

Ivanhoé Cambridge has acquired South Carolina-based Greystar‘s 30-property multiresidential portfolio for $3.6 billion. The deal involves nearly 10,000 units mainly in the U.S. Sun Belt and its coastal suburbs. Greystar and Ivanhoé Cambridge had earlier partnered on a Paris office building.

Harrison Street, Revera buy 4 Ont. retirement residences

Residential  •  Daily Commercial News

Investment firm Harrison Street and Revera Inc. have announced a new joint venture to acquire four retirement living residences comprising 537 senior apartments: Granite Landing in Cambridge, The Renoir in Newmarket, Westney Gardens in Ajax and The Williamsburg in Burlington.

Experts say T.O.’s financial district may never recover

Commercial  •  Toronto Star

As the second pandemic winter looms and major downtown employers push back return-to-office plans, the volume of weekday workers in Toronto’s financial district is still down by 77 per cent — and some experts say the area will likely never fully recover.

Mtl. office market rebounds to pre-pandemic levels

Commercial  •  Globe and Mail (Sub. required)

Investor demand for Montreal office towers has rebounded to levels that prevailed before the COVID-19 pandemic, as real estate investors dismiss concerns about the high office vacancy rate and bet on the city’s future, according to new data from CBRE.

Real Estate with Howard Drukarsh › Podcast: Ted Maulucci of SmartOne with Howard Drukarsh

Howard Drukarsh: Host, Real Estate with Howard Drukarsh

Lakeview Hotel to be acquired by numbered companies

Commercial  •  Canada Newswire

Lakeview Hotel Investment Corp. (LHR-DB-C-X) announced today it has entered into an arrangement agreement where 13487407 Canada Inc., 13487369 Canada Inc. and 13487326 Canada Inc. have agreed to acquire all of its outstanding common shares. Lakeview operates a portfolio of five hotels.

Tech firm Dialectica setting up Vancouver office

Commercial  •  Business In Vancouver

Dialectica is opening a downtown Vancouver office this month with designs on hiring 100 workers within three years. The London-headquartered info services firm, which launched its first Canadian office in Montreal last year, has chosen Canada for its North American base.

De Havilland to begin decommissioning Toronto facility

Commercial  •  Toronto Star

De Havilland Aircraft of Canada Ltd. says it will begin decommissioning its Toronto facility after it completes aircraft currently under production. The company says its goal is to resume production at a new, undisclosed site as soon as possible.

REIT third-quarter financial results

Residential, Commercial  • 

American Hotel Income Properties REIT, (HOT-UN-T), Canada Newswire
BSR REIT, (HOM-U-T), Canada Newswire
CAPREIT, (CAR-UN-T), Globe Newswire
Crombie REIT, (CRR-UN-T), Canada Newswire
Minto Apartment REIT, (MI-UN-T), Canada Newswire
Plaza Retail REIT, (PLZ-UN-T), Canada Newswire
RioCan REIT, (REI-UN-T), Globe Newswire

REOC third-quarter financial results

Residential, Commercial  • 

Bridgemarq Real Estate Services, (BRE-T), Canada Newswire
Dream Unlimited Corp., (DRM-T), Business Wire
Timbercreek Financial, (TF-T), Globe Newswire
Tricon Residential, (TCN-T), Canada Newswire

Amazon’s Canadian footprint expanding rapidly

Commercial  •  Financial Post (Sub. required)  •  RENX

It’s been 10 years since Amazon opened its first Canadian fulfillment centre, a massive warehouse in Mississauga. Next year, the real estate that houses its Canadian distribution network will approach 20 million square feet — the equivalent of almost four West Edmonton Malls.

Nature inspires Oxford’s NYC office building

Commercial  •  Financial Post  •  RENX

CookFox architectural firm co-founder Rick Cook’s design for Oxford Properties Group/CPP Investments’  St. John’s Terminal redevelopment in Manhattan will be draped in acres of natural gardens, including a fourth-floor terrace that runs the length of several city blocks.

Walmart selects DFW for two supply chain facilities

Commercial  •  Business Wire  •  CP Executive

Walmart (WMT-N) announced plans to build two high-tech facilities in the Dallas-Fort Worth area to support its growing supply chain network — a 1,500,000-square-foot automated fulfillment centre set to open in 2023 and a 730,000-square-foot automated grocery distribution centre to open in 2024.

DMSA preparing Evergrande bankruptcy proceedings

Residential, Commercial  •  Canada Newswire  •  Bisnow  •  Bloomberg

China Evergrande Group today again defaulted on interest payments to international investors. The DMSA (Deutsche Marktscreening Agentur or German Market Screening Agency) is preparing bankruptcy proceedings against Evergrande and calls on all bond investors to join it.

CDPQ invests in M3 Mortgage Group

Residential  •  Canada Newswire

Caisse de dépôt et placement du Québec announced an investment in the M3 Group, which includes Quebec’s largest brokerage, Multi-Prêts Mortgages, as well as Mortgage Alliance, Invis, Mortgage Intelligence and Verico.

Yorkton acquires Penticton apartment building

Residential  •  Stockhouse

Yorkton Equity Group Inc. (YEG-X) has removed all buyer conditions for the purchase of a 26-unit apartment building, Winton Terrace at 797 Winnipeg St. in Penticton. The transaction is scheduled to close on or about Dec. 8.

Urban boundary decision deferred by Ham. councillors

Residential, Commercial  •  CBC  •  CBC  •  RENX

Hamilton politicians have put off until later this month a major decision on expanding the city’s urban boundary after around 80 residents gave presentations and hundreds more wrote letters, resulting in a meeting that went on for more than 12 hours.

Airbnb adds new tools on remote work bet

Residential  •  Financial Post

Airbnb Inc. is rolling out new features, including verified internet speeds at hosts’ homes and options to search for listings up to a year in advance, as the vacation-rental company bets remote work and flexible travel are here to stay.