Regional Group, Fengate JV on Ottawa apt. project

RENX  Residential, Commercial  •  Apartments, Retail  •  Ottawa

On one hand, partnering with Fengate Asset Management on two mid-rise apartment/retail buildings in Ottawa is a significant step for Regional Group of Companies. On the other, Regional Group COO Dave Wallace calls it a completely natural next step.

Developer makes $120M bid for National Golf Club

Residential, Commercial  •  Globe and Mail

Canada’s top fairways could soon be driveways. The National Golf Club of Canada, a male-only private course in the Toronto suburbs, recently drew an unsolicited buyout offer for about $120 million from a real estate developer.

HBC to go private after Baker sweetens deal

Commercial  •  CBC  •  Financial Post  •  Globe and Mail (Sub. required)

Hudson’s Bay Company (HBC-T) has agreed to be taken private by a shareholders’ group led by chairman Richard Baker at $10.30 per share. The price is nine per cent higher than a $9.45 per share offer from the group in June.

Décathlon expands to Burlington, plans more Cdn. stores

RENX  Commercial  •  Retail  •  Toronto / GTA

French sporting goods retailer Décathlon will open its second Ontario store in the lower level of a former Sears at the Mapleview shopping centre in Burlington in the fall of 2020. Décathlon opened its first Ontario store in Ottawa in September.

Sidewalk Labs courting Toronto venture capitalists

Residential, Commercial  •  Globe and Mail (Sub. required)  •  RENX

Google affiliate Sidewalk Labs has been trying to win the support of Canada’s venture-capital community in the months leading up to a crucial make-or-break deadline for its proposal to develop a high-tech neighbourhood on Toronto’s waterfront.

Toronto can learn from the King Street transit pilot

Residential, Commercial  •  Toronto Star

This summer, the City of Toronto partnered with MaRS Discovery District, George Brown College, Fitzrovia Real Estate and an innovative startup called ReMAP to create a new urban manufacturing space and incubator for entrepreneurs as part of a residential development.

The Saskatchewan Edge › Agreement for sale vs. vendor takeback: Which is better?

Barry Stuart: Managing Partner and Senior Sales Associate , ICR Commercial Real Estate

Ontario Place revival could include convention centre

Commercial  •  CBC

Queen’s Park is gearing up to select the successful bidder to transform Ontario Place into a “year-round” destination. “This could include exciting sport and entertainment landmarks, public spaces and parks, recreational facilities, as well as retail,” said spokesman Derek Rowland.

Over one million participated in Great BC ShakeOut

Residential, Commercial  •  Canada Newswire  •  CTV

Thursday, a record one million British Columbians participated in the 2019 Great British Columbia (BC) ShakeOut, joining over 66 million people around the world. ShakeOut provides practical, simple training that can save lives during an earthquake.

Vancouver London Drugs development still in limbo

Residential, Commercial  •  Western Investor

Resident of Vancouver’s Hastings-Sunrise neighbourhood who’ve spent years waiting for the redevelopment of London Drugs’ property will continue to wait. Its store remains open on the property, while buildings on either side have been knocked down in anticipation of redevelopment.

Vancouver’s buildings could be less boring: Opinion

Residential, Commercial  •  CBC

Just take a walk along False Creek or Coal Harbour and you’ll find yourself surrounded by towers of glass in various inoffensive shades of light grey, blue, and that iconic seafoam green. Why are Vancouver’s buildings so lacking in colour?

Lack of retail shops puts a damper on pot sales

Commercial  •  Globe and Mail (Sub. required)

The bohemian Toronto neighbourhood of Kensington Market has long been a hotspot for weed culture and home to pot lounge Hotbox Cafe, but one year after the legalization of recreational cannabis there still isn’t a single legal weed retailer here.

New Red River Co-op to open in Winnipeg

Commercial  •  Winnipeg Free Press

Nearly two years after its grocery store closed because of flooding, St. Norbert is getting a brand-new Red River Co-op food store. The 31,000-square-foot South Winnipeg store will also contain a pharmacy.

Fort Edmonton’s nordic spa cancelled

Commercial  •  CBC

The proposed Nordic spa at Fort Edmonton Park is dead in the water. Fort Edmonton Management Co. (FEMCo) announced Friday the organization and the Edmonton Nordic Spa group have “dissolved their partnership,” according to a news release.

RioCan announces $200M public offering of trust units

Commercial  •  Globe Newswire  •  Motley Fool

RioCan REIT (REI-UN-T) announced it has reached an agreement with a syndicate of underwriters to issue to the public, subject to regulatory approval, on a bought-deal basis, 7,770,000 trust units at a price of $25.75 per unit for gross proceeds of $200,077,500.

Crombie comes with 5.5% yield and 90% payout ratio

Commercial  •  Globe and Mail (Sub. required)  •  RENX

Crombie REIT (CRR-UN-T) is positioned to benefit from operational improvements from its main tenant, Sobeys, which represents 55 per cent of the REIT’s revenue. In addition, Crombie’s capital recycling program is expected to result in net asset value and earnings growth.

Vancouver House’s elegant form adds to skyline

Residential  •  Vancouver Sun

Vancouver House is more than just another high-rise – almost everyone has an opinion about it. Some love it for standing out in a sea of rectangular cuboid towers; others hate it as a symbol of the city’s real estate mania.

Rental construction resurges in B.C.

Residential  •  BCBusiness

Many British Columbians are veering away from the traditional path of their parents in buying a home in the suburbs. It appears developers are taking notice or being nudged by market forces to shift their business model in sluggish conditions.

Short-term rental issues invade suburban neighbourhoods

Residential  •  Toronto Star  •  CBC

Retired school principal Mary Alice St. James struggled to maintain her composure before Burlington’s planning committee last week. She was pleading for the city’s help in curbing the noise, parking hassles and trespassing emanating from a mansion listed on Airbnb.

Governments shouldn’t fiddle in housing market: Opinion

Residential  •  Globe and Mail (Sub. required)

It’s human nature for people to see a problem and want to fix it. Take the housing market, for example. All of the main parties campaigned hard in this election on the promise of making homes more affordable.