Union Allied builds multi-level Van. industrial strata

RENX  Commercial  •  Industrial, Office  •  Metro Vancouver

Developer Union Allied Capital is constructing its flagship development in the emerging light industrial market on Vancouver’s east side, a historic industrial neighbourhood along Clark Drive, north of 1st Avenue.

Burquitlam approves Marcon’s 38-storey mixed-use

Residential, Commercial  •  Business In Vancouver

Burquitlam city council has  advanced Marcon‘s bid to build a 38-storey tower in the Oakdale neighbourhood. The building will have 333 condo units, ground-level commercial and three floors of office space. However, its rental requirement will shift to another building,

White Rock council approves two-tower multires

Residential  •  Peace Arch News  •  urbanYVR

White Rock council has approved a development permit for a 121-unit, 21- and 24-storey multifamily residential complex at 1454 Oxford St. The council members claimed they were essentially locked into granting the development permit by actions of the previous council.

The People Space › People Space: Kim, Blasutti get senior roles at CPP, RioCan

Don Wilcox: Managing Editor

Couche-Tard to acquire Atlantic Canada stores

Commercial  •  MarketWatch  •  Canada Newswire  •  RENX

Alimentation Couche-Tard Inc. (ATD-A-T) said Friday it has agreed to acquire an Atlantic Canada convenience store and fuel network under the Esso, Wilsons Gas Stops and Go! Store brands from a number of related holding entities for an undisclosed sum.

Proposed tower atop HBC building too tall: Bureau

Commercial  •  Montreal Gazette

While “interesting,” a 25-storey tower that’s due to be erected atop downtown Montreal’s iconic Hudson Bay building should be scaled back to preserve views of Mount Royal, according to the municipal consultation bureau.

Real World of Real Estate › Podcast: City of Edmonton climate resilience programs, strategies

Gerald Tostowaryk:

RENX vacation week August 2-6

RENX  Residential, Commercial  •  Human Resources

A NOTE TO READERS: RENX’s staff will be enjoying a vacation week from Monday, August 2 through Friday, August 6.

Minto affiliate proposes 18-storey Ottawa res building

Residential  •  Ottawa Citizen

Welldale Limited Partnership, affiliated with Minto Group, has filed a development application for a 18-storey residential building in Ottawa’s Hintonburg neighbourhood, where the current zoning restricts projects to a building half that size. The developer’s plan calls for 240 residential units.

Quebec-based CMP to open assembly plant in Cornwall

Commercial  •  Ottawa Business Journal

A Quebec manufacturer is setting up a 40,000-square-foot light assembly plant in Cornwall. Chateauguay-based CMP says it has leased a building on Montreal Road in the Eastern Ontario city and plans to hire up to 25 workers at the new facility.

Real estate podcasts

Residential, Commercial  • 

Colin Johnston, Altus Group: Retail coming out of COVID, CRE Podcast
Craig Leibowitz, Avison Young: Humanizing the real estate story, Tenant Experience Network. Season 2, Episode 10
Andrew Drexler, First National: Complex financing, CRE Podcast

REOC financial results

Residential, Commercial  • 

Genesis Land Development Corp. (GDC-T), Canada Newswire
Mainstreet Equity Corp., (MEQ-T), Canada Newswire

Three firms chosen to redevelop Ontario Place

Commercial  •  Toronto Star  •  Yahoo Finance  •  Global News

Live Nation, Therme Group and Écorécréo Group have been selected to redevelop the Ontario Place theme park on Toronto’s waterfront. Officials say costs and timeline for the project are still being finalized, but expect new amenities may be completed by 2030.

BSR REIT acquires Dallas apartments for $82.75M

Residential  •  Canada Newswire  •  RENX

BSR REIT (HOM-UN-T announced it has acquired Hangar 19 Apartments, a  garden-style residential community with 351 apartment units in the Dallas/Fort Worth market for $82.75 million. The transaction was funded from the REIT’s credit facility.

Restaurant Brands posts 37% rise in Q2 revenue

Commercial  •  Globe and Mail (Sub. required)  •  Canada Newswire  •  Toronto Star

Tim Hortons parent company Restaurant Brands International Inc. (QSR-T) reported its second-quarter revenues grew by 37 per cent, as more people are venturing out to its fast food restaurants compared to a period last year when COVID-19 severely affected the industry.

Durst Organization to fire unvaccinated workers

Commercial  •  Business Insider  •  Commercial Observer  •  CNN

New York City developer Durst Organization has told about 350 workers it will fire them if they don’t get a COVID-19 vaccine by Labour Day. The $8.1 billion family-owned company, said certain staff will be exempt for “medical or religious” reasons.

Biden to allow eviction moratorium to expire Saturday

Residential  •  Forbes

The Biden administration announced Thursday it will permit a nationwide ban on evictions to expire Saturday, arguing its hands are tied after the Supreme Court signaled the moratorium would only be extended until the end of the month.

Ottawa eyes ‘surveillance’ of short-term rental platforms

Residential  •  CBC

The City of Ottawa is looking for a digital platform to scrape short-term rental platforms, which would help crack down on potential flouting of a new bylaw requiring permits for listing short-term rentals on websites such as Airbnb.

Van. still suffering fallout from ‘students’ buying mansions

Residential  •  Vancouver Sun

COLUMN: One of the more shocking examples was the University of B.C. “student” who bought a $31-million house a few years ago in Vancouver. There were also the nine different international students who snagged $57 million in mortgage money.

T.O. homeowner refuses to sell despite deal with city

Residential  •  CBC

A legal battle is brewing between the City of Toronto and the owner of a 250-year-old heritage tree who is refusing to sell the property — the latest snag in a years-long community push to protect the famous red oak.