Hines, Hazelview partner on T3 Sterling Road office

RENX  Commercial  •  Office, Apartments  •  Toronto / GTA

Hazelview Investments is best known for its involvement with purpose-built rental apartments, but it has been an equity partner with Hines in its T3 Sterling Road office project in Toronto for more than two years.

Alignvest to buy renovated Ottawa student residence

RENX  Residential  •  Apartments  •  Ottawa

Alignvest Student Housing REIT will acquire a recently renovated downtown Ottawa student housing building known as THEO, which contains 193 units and 507 beds. The building is a converted 12-storey office tower at 305 Rideau St.

Jennings acquires 12-storey Ottawa office building

Commercial  •  Ottawa Business Journal

Rising Ottawa CRE firm Jennings Real Estate has acquired a 12-storey office building at 141 Laurier Ave. W. – better known as the Gillin Building – from family-owned local firm Gillin Engineering and Construction. Financial terms were not disclosed.

Ontario Line reduces planned office community

Commercial  •  Toronto Star

Toronto developer Michael Cruickshank and business partner Robert Eisenberg planned a “campus-style” office community on 12 acres in the Liberty Village community. Those plans have been reduced by the province’s decision to build an Ontario Line station in the area.

ClubLink nixes appeals for Glen Abbey redevelopment

Residential, Commercial  •  Toronto Star  •  CBC  •  TSN

TWC Enterprises Ltd. (TWC-T), which does business under the ClubLink brand, has withdrawn from its attempt to get permission for a proposed housing and commercial development on the famed Glen Abbey Golf Club site in Oakville.

Centurion sues over vacant Langford apt. building

Residential  •  BC Local News  •  Victoria Times Colonist

North York-based Centurion Property Associates, owner of the vacant 11-storey Danbrook One apartment building in Langford, are suing seller Loco Investments in addition to the builder, engineer and City of Langford for damages they claim were caused by negligence.

Real Estate with Howard Drukarsh › Podcast: Howard Drukarsh with Sam Mizrahi, of Mizrahi Developments

Howard Drukarsh: Co-founder, Right at Home Realty

Feds invest $1.3B in Surrey Langley SkyTrain extension

Commercial  •  Globe and Mail  •  CTV  •  Canada Newswire

Prime Minister Justin Trudeau moved his campaign-style sweep to Surrey, B.C., on Friday, announcing federal government funding of up to $1.3-billion to extend Metro Vancouver’s SkyTrain line from Surrey to neighbouring Langley.

Calgary’s $80M mixed-use parkade opens its doors

Commercial  •  Globe and Mail (Sub. required)

Calgary’s massive $80-million mixed-use parkade is open for business. Designed by Kasian and 5468796 Architecture, the Platform Innovation Centre and Parkade features 50,000 square feet of office space to be occupied by tech hub and startup incubator Platform Calgary.

Wpg. office vacancy rate jumps in Q1: CBRE

Commercial  •  Winnipeg Free Press

CBRE referred to Q1 2021 as “the most challenging” period to date for the Winnipeg office market, with the vacancy rate downtown rising from 11.3 per cent to 12.9, one of the largest single-quarter movements on record.

Tridel plans 41-storey mixed-use condo on Ballroom site

Residential, Commercial  •  Urban Toronto  •  RENX

Tridel has proposed to redevelop The Ballroom site at 241 Richmond Street West with a 41-storey mixed-use condos and retail building. The architects—Alliance-designed plan calls for 470 condominiums (43 studios, 309 one bedrooms, 69 two bedrooms and 49 three bedrooms).

Alterra, Distrikt propose 15-, 17-storey towers

Residential, Commercial  •  Urban Toronto

Alterra Group of Companies and Distrikt Developments have proposed a development at 1500 St Clair West with condominium towers of 15 and 17 storeys. The Sweeny &Co Architects-designed plan would include 753 condominium units – 564 one-bedrooms, 114 two-bedrooms, and 75 three-bedrooms – and ground-floor retail.

Oxford, LCP partner on $1.73B U.K. logistics hub

Commercial  •  Oxford Properties media release  •  IPE Real Assets  •  RENX

Oxford Properties Group and Logistics Capital Partners, a best-in-class developer and asset manager of logistics real estate across Europe, are investing $1.73 billion Cdn to acquire a 734-acre site near Birmingham which they will develop into a new logistics hub.

CPP invests $998M in Flipkart Group

Commercial  •  Canada Newswire  •  Toronto Star  •  TechCrunch

CPP Investments announced today it has invested $998 million Cdn in the Flipkart Group, one of India’s leading digital commerce companies. Flipkart has raised $4.5 billion in the current funding round, led by CPP Investments, Walmart (WMT-N), GIC and Softbank.

U.S. retailers shun indoor malls, shift to open-air centres

Commercial  •  Reuters

Even the depths of the 2009 financial crisis weren’t as bad for the owners of the world’s biggest shopping malls. June data reveals vacancy rates in U.S. indoor malls could surpass those in suburban shopping centres and strip malls.

Wembley’s wild 150-year real estate journey

Residential, Commercial  •  Bisnow

Wembley stadium’s real estate represents a journey from farmland in the suburbs of London to a 90,000-seat stadium and one of Europe’s largest residential developments, via an entrepreneur building his own version of the Eiffel Tower.

Atria proposes 16-storey mixed-use

Residential, Commercial  •  Urban Toronto  •  RENX

Atria Development proposes a 16-storey A & Architects-designed condominium development for 3431 St Clair Ave. E.. The building, which would replace the existing Beer Store, would include 388 residential units – 19 studios, 205 one-bedrooms, 117 two-bedrooms, and 47 three-bedrooms – in addition to ground-floor retail.

Bidding wars new reality for Ontario house rentals

Residential  •  CBC

While the price to rent a condo in some major cities may have gone down during the pandemic, high sales prices in the housing market have prompted bidding wars for single-family rental homes in Ontario.

CMHC faces tough decisions after losing market share

Residential  •  Financial Post

Fallen crane damages downtown Toronto condo

Residential  •  CBC  •  Toronto Star

A crane has fallen onto a condo building in downtown Toronto, causing significant damage but no injuries, police say. A portion of the crane located on the top of a condo at 8 The Esplanade fell 20 feet onto the roof.