Panattoni builds spec 548K-sq.-ft. Edmonton industrial

RENX  Commercial  •  Industrial  •  Edmonton

Panattoni’s Edmonton industrial portfolio is about to expand again, with the firm kicking off construction of what will be a state-of-the-art 548,124-square-foot building – on spec.

Investment, innovation fuels renaissance in Kitchener

RENX  Commercial  •  Office, Infrastructure, Investment, Technology  •  Ontario

Kitchener, Ont. has gone through an impressive transformation over the past 20 years, as a decaying core and declining manufacturing base gave way to over $2 billion in downtown residential and commercial construction and a rapidly growing technology sector.

SageBlan Investments buying, revamping Quebec hotels

Commercial  •  Montreal Gazette

Upstart investment firm SageBlan Investments has spent about $160 million to buy and revamp four Quebec properties in the past 18 months, including the Vogue Montreal downtown. With another $40 million worth of renovations ongoing, SageBlan is already thinking about its next acquisitions.

Gairloch proposes 34-storey condo next to future station

Residential  •  Urban Toronto

Gairloch Developments has proposed a 34-storey condominium tower at 15 Hollis St., directly adjacent to Crosstown’s future Mount Dennis Station in Eglinton. The architects—Alliance-designed building would include 365 condominium units in a mix of 29 studios, 211 one-bedrooms, 90 two-bedrooms and 35 three-bedroom units.

Foreign buyers tax not racist, judges say

Residential  •  Vancouver Sun

A B.C. Court of Appeal ruling that declares nothing is racist about taxing foreign buyers of real estate in Canada clears the way for federal politicians to propose bold policies to deal with the crisis of housing unaffordability.

The People Space › People Space: New senior execs at Minto, ULI, AY, Firm …

Don Wilcox: Managing Editor

Starlight granted extension for Portage Place renovation

Commercial  •  Winnipeg Free Press  •  CBC

A city deadline for the proposed $400-million redevelopment of Winnipeg’s Portage Place mall will be postponed to give Starlight Investments more time to seek federal funding. Starlight must now get its construction financing in place by Oct. 31 instead of July 23.

Efforts to rebuild Wright’s Banff building hit roadblocks

Commercial  •  Globe and Mail (Sub. required)

Banff continues to place roadblocks in front of the endeavour to rebuild Frank Lloyd Wright’s Park Shelter. Built in 1914 with Ottawa-based Francis Conroy Sullivan and demolished 1939 due to flood damage, it is an almost-200-foot long, Prairie style, multipurpose structure.

E-mails shed new light on N.S. college battle

Commercial  •  Globe and Mail

The former president of the Nova Scotia College of Art and Design raised concerns for months about board of governors members who she felt were pushing a proposal for Armour Group to build a new campus before she was fired.

Gatineau-Ottawa Executive Airport plans expansion

Commercial  •  Ottawa Business Journal

The Gatineau-Ottawa Executive Airport, located on Autoroute 50 and a 20-minute drive from downtown Ottawa, plans to expand its terminal and add a new roadway parallel to its runway with a $4 million federal government grant.

Canada ICI acquires Montréal’s MFCI Capital

Commercial  •  Canada Newswire

Canada ICI Capital Corporation, a partner in Canadian commercial real estate finance, announced its acquisition of MFCI Capital of Montréal. Canada ICI annually arranges financing in excess of $5.5 billion through its offices in Toronto, Montréal, Calgary, Edmonton, Ottawa and Winnipeg.

Real estate podcasts

Residential, Commercial  • 

Daniel Marinovic, Forest Gate: Launching a debt real estate investment firm, CRE Podcast
Fabian Lange, McGill University: Deciphering the mysteries of the pandemic job crisis, Down to Business, Episode 110
Nicole Schmidt, Source: Bringing stakeholders together, The Construction Record – Episode 128

Dalfen buys three-building Seattle-area industrial park

Commercial  •  PR Newswire

Dalfen Industrial announced the acquisition of a newly developed, three-building, 711,855-square-foot industrial park in the Seattle suburb of Tacoma, Wash. The property is in close proximity to I-5, SR-512, and the Port of Tacoma.

Demand for U.K. flexible office space up 37% YOY

Commercial  •  Property Funds World

Demand for flexible workspace in the U.K. is up by 37 per cent year-over-year for the six months to June 17. The data from The Instant Group also shows that suburban markets are currently outperforming London with demand up by 39 per cent.

Florida condo collapse victims to get minimum of $150M

Residential  •  Globe and Mail

As the remaining rubble from the collapse of a 12-story oceanfront condominium was cleared away Wednesday, a Florida judge said victims and families who suffered losses will get a minimum of $150 million in compensation initially.

Three robots collide at London warehouse, triggering fire

Commercial  •  National Post

A collision between three robots at British online supermarket Ocado’s largest automated warehouse sparked a massive fire that has shut down operations for days. Around 100 firefighters and 15 fire engines responded to the blaze on Friday.

Province questions Ottawa’s creation of Tewin suburb

Residential, Commercial  •  CBC

The Ontario government wants the City of Ottawa to double-check whether creating the new Tewin suburb is the best choice for expanding the city, and whether it meets both the province’s and the city’s own planning policies.

B.C. strata security raises privacy concerns

Residential  •  Business In Vancouver

B.C.’s privacy commissioner has told Yaletown strata in Vancouver to stop using security surveillance system data for purposes other than which it was collected. And, the strata was told, some data collected through its door key fob system was inappropriate.

Quebec mansion near road must be demolished

Residential  •  CTV  •  Ottawa Citizen

A multimillion-dollar home in Aylmer, Que., must be demolished because it was built too close to the street, ending an eight-year saga that began when the city approved the house even though it ran afoul of zoning bylaws.

Ontarian trying to sell two lots ‘presently underwater’

Residential  •  Toronto Star

Near Chatham-Kent, Ont., a man is selling two pieces of land underneath Lake Erie. What could a buyer do with it? In one listing, the realtor says there are “endless possibilities.”