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Amazon announces Edmonton fulfillment centre, Toronto expansion
Amazon announces Edmonton fulfillment centre, Toronto expansion
RENX Commercial • December 18, 2018
UPDATE: ONE Properties and TD Greystone Asset Management will develop a million-square-foot fulfillment centre for Amazon in Leduc County, just outside the City of Edmonton. The company also said it plans to expand its newly opened Toronto Tech Hub. The LEeduc project is the fourth major Amazon fulfillment centre to be announced in Canada this year.
Take a peek inside Amazon’s massive Ottawa warehouse
Commercial • Ottawa Business Journal
As real estate wins go, a one-million-square-foot warehouse for the world’s largest e-commerce retailer is headline-grabbing stuff. Broccolini’s crews have been working day and night for months on a distribution facility in Ottawa’s southeast end.
Calgary’s $500M BMO Centre expansion approved
Commercial • CBC
Calgary’s city council has conditionally approved a $500-million project that would double the size of the BMO Centre at Stampede Park. Approval of the expansion is conditional upon confirmation from Ottawa it will fund one-third of the capital costs.
Toronto’s Manulife Centre adds a more friendly facade
Commercial • Globe and Mail
The Manulife Centre is an iconic mixed-use complex on Toronto’s most fashionable shopping street, but it’s also a creature of its time. It was built in the Brutalist style in vogue in the early 1970s.
Last piece of City Place puzzle falls into place
Residential • CBC
The dramatic transformation of an abandoned railway land into a vibrant downtown community, home to more people than many Ontario towns, is almost complete. Along with being an experiment on rapid community building, City Place says Canada House can also serve as a blueprint for how planning such huge projects can be improved in the future.
Holloway announces sale of Holiday Inn hotel in Ottawa
Commercial • Canada Newswire • RENX
Holloway Lodging Corp. (HLC-T) today announced the sale of Holiday Inn, Ottawa, for $50.0 million. The property sold consists of the hotel, an adjacent property that is leased to Lone Star Grill and adjacent vacant land.
‘Domino effect’ in tight Kanata office market
Commercial • Ottawa Business Journal
With Kanata’s office vacancy rate at its lowest level in more than a decade, some of West End Ottawa’s largest tenants are signing new leases to accommodate growth – setting in motion a string of moves as other firms quickly snap up the recently vacated space.
Trinity countersues Melnyk for $1B over Ottawa project
Commercial • CBC • Ottawa Citizen
Trinity Development and its founder John Ruddy are countersuing Ottawa Senators owner Eugene Melnyk and his sports company for $1 billion, effectively killing any chance of the two ever redeveloping LeBreton Flats or building a new downtown hockey arena.
‘Tis the season to check your assessment notices
Commercial • Value: Weighed and Measured
I always say taxation is the price of freedom. By the same token, no single property owner should pay more than their fair share. Why am I reaffirming these points in December?
Sunshine Coast 1,800-acre land parcel up for sale
Commercial • Vancouver Sun
1,783 acres in one of B.C.’s most stunning fjords is for sale for $3.2 million, prompting calls to turn the undeveloped land into protected park land. The Sunshine Coast property is located on the south side of Princess Louisa Inlet.
Canada House acquires 45 acres of Alberta land for $1M
Commercial • Globe Newswire
Canada House Wellness Group Inc. (CHV-CN) has entered into an agreement to acquire 54 acres of property in Vegreville, Alta., for development of a new production facility to support its medical and recreational cannabis sales in Western Canada.
Fortress investors call for restitution from regulator
Commercial • Globe and Mail (Subscription required)
A group of investors says Ontario’s mortgage regulator bears some of the blame for losses linked to investments in Fortress Real Developments and is calling on Queen’s Park to pay restitution. The group invested in Fortress syndicated mortgages.
Canada’s big banks tighten grip on mortgage market
Residential • Reuters
Canada’s biggest banks are tightening their grip over the country’s $1.5-trillion mortgage market as new rules designed to cut out risky lending make it harder for borrowers to switch lenders.
Has Montreal’s downtown condo boom peaked?
Residential • Globe and Mail (Subscription required)
When developers Cadillac Fairview and Canderel announced plans for a 50-storey Montreal condominium tower branded with professional hockey’s iconic Canadiens logo, it looked like a one-off event in the city Canada’s real estate boom had forgot.
Toronto, Vancouver most ‘vulnerable’ to rate hikes: CMHC
Canadians living in the country’s two largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record levels, warns a Canada Mortgage Housing Corporation report.
Nearly 1,000 short-term Vancouver rentals removed
Residential • Vancouver Province • Vancouver Province
The City of Vancouver says nearly 1,000 short-term rental units are no longer advertised after it introduced new rules to free up more housing for long-term tenants. The regulations took full effect in September but were introduced earlier this year.
The 10 winners of the Emporis Skyscraper Awards
Commercial • Newinhomes.com
The Emporis Skyscraper Awards for 2018 have been awarded to the top 10 completed towers, and no buildings in Canada made the list. Still, we’d like to highlight the top three and share the photos of the rest of the top 10.
The 10 biggest NYC investment sales of 2018
Commercial • The Real Deal
Chelsea had a big year. The Manhattan neighbourhood was home to NYC’s top two building sales of 2018 thanks to Google’s whopping buy of Chelsea Market and L&L Holding Company and Normandy Real Estate Partners’ purchase of Terminal Stores.
Digital-first retailers moving into U.S. malls
Commercial • Globe and Mail
Online retailers are getting physical. A growing number of brands born on the internet are opening brick-and-mortar stores and moving into the suburban malls once considered doomed as more Americans shopped online.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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