New office building, 347 apartments coming to Laval

RENX  Residential, Commercial  •  Office, Apartments, Industrial  •  Greater Montreal

Laval will get its first commercial office building with exposed wood beams, and a once-popular but long abandoned recreation centre will be transformed into a multiresidential complex. The two projects were discussed at the 5th annual Laval Real Estate Forum.

Oxford to build first multi-level industrial building

Commercial  •  Vancouver Sun  •  Canada Newswire

Oxford Properties Group has launched a new project in Burnaby that will become Canada’s first multi-level industrial building with full transport truck access to an upper floor. The building will have 707,000 square feet over two levels.

PSPIB, Drimmer bid $318M for Starlight U.S. fund

RENX  Residential  •  Apartments  •  National, International

A limited partnership between PSPIB and Daniel Drimmer is bidding to purchase the Starlight U.S. Multi-Family (No. 1) Value-Add Fund (SUVA.A-X) for $318 million. Drimmer is also the CEO of Starlight, and CEO/director of the general partner of the Starlight fund.

Winnipeg CRE entering new phase

Commercial  •  Winnipeg Free Press

For the longest time, Winnipeg’s CRE market could be accurated described as boring and stagnant. According to industry experts at the annual State of the Industry Luncheon organized by BOMA (Building Owners and Managers Association) Manitoba, those days are over.

Heritage buildings in Winnipeg for sale

Commercial  •  Winnipeg Free Press  •  CBC

The City of Winnipeg is looking to sell off two historic properties in Old St. Boniface. The city put out a request to convert or expand the former St. Boniface’s city hall building and the old fire hall behind it.

Winnipeg’s expanding footprint comes at high cost

Residential  •  Winnipeg Free Press  •  Winnipeg Free Press  •  Winnipeg Free Press

Planners at the City of Winnipeg are currently in the process of writing a residential infill strategy to guide new development in the city’s older neighbourhoods. The task is challenging. Nearly one in 10 houses in Winnipeg are older than 100 years.

Value: Weighed and Measured › Watch out: Commercial real estate key source for transit funding

John Clark: Vice President , The Regional Group of Companies Inc

LRT Stage 2 construction leaving its mark on Ottawa

Residential, Commercial  •  Ottawa Citizen  •  Ottawa Citizen

A strip mall has been flattened, houses torn down, roads dug up, forests cleared . . . Construction of Ottawa’s LRT Stage 2 is barreling forward, reshaping the city as the train lines extend east, west and south.

Ottawa malls in ‘comeback’ mode for holiday season

Commercial  •  Ottawa Business Journal

Brian O’Hoski’s voice suggests it’s not only kids who get excited about new Lego as Christmas approaches. The general manager of the CF Rideau Centre‘s giddiness revolves around Ottawa’s first store dedicated to the iconic children’s building blocks.

Alston Investments to acquire Bouclair

Commercial  •  Canada Newswire  •  Toronto Star

Alston Investments Inc., a new company formed by a group of Canadian investors with significant retail experience, announced it has offered to acquire via an asset purchase agreement a substantial portion of the assets of home decorating retail chain Bouclair.

REIT third-quarter financial results

Commercial  • 

CAPREIT, (CAR-UN-T), Globe Newswire

H&R REIT, (HR-UN-T), Canada Newswire

PROREIT, (PRV-UN-T), Canada Newswire

SmartCentres REIT, (SRU-UN-T), Globe Newswire

Summit Industrial Income REIT, (SMU-UN-T), Canada Newswire

WPT Industrial REIT, (WIR-U-T), Globe Newswire

REOC third-quarter financial results

Commercial  • 

Brookfield Asset Management, (BAM-A-T), Globe Newswire

Invesque Inc., (IVQ-U-T), Canada Newswire

Sienna Senior Living Inc., (SIA-T), Globe Newswire

Timbercreek Financial, (TF-T), Globe Newswire

Facebook signs lease at Hudson Yards

Commercial  •  Bloomberg  •  CNBC

Facebook Inc. is coming to Hudson Yards, part of a major push by the tech giant to expand its presence in New York City. The social media company signed a lease for more than 1.5 million square feet of space.

Mall of America wants control of empty Sears store

Commercial  •  Fox Business

Triple Five-owned Mall of America has an empty three-storey space it wants to use to generate more traffic. Financier Eddie Lampert, who still has the lease on the space for $10 in annual rent, is standing in the way.

Strategic Storage acquires multi-state portfolio

Commercial  •  CP Executive

Strategic Storage Trust IV has added four new facilities, totalling 326,000 square feet in North Carolina, Virginia and Florida, to its portfolio. Taylor Theus Holdings traded the newly constructed class-A properties, according to Yardi Matrix.

How Blackstone survived the 2007 real estate crash

Commercial  •  Bloomberg

VIDEO: Blackstone Group Inc. chairman and chief executive officer Stephen Schwarzman talks about two of his most significant deals, one of which was the $39 billion real estate buyout he made in anticipation of the 2007 crash.

7,595 heritage properties in Ottawa’s database

Residential, Commercial  •  CBC

After reviewing more than 30,000 buildings since the project began in 2015, Ottawa city staff have updated its heritage register to include 7,595 properties in its database, which will eventually be available online.

Church gives way to Vancouver townhouse project

Residential, Commercial  •  Business In Vancouver

More than two years after it first hit the market, Bethlehem Lutheran Church has been sold to Multiland Pacific Holdings Ltd. for townhouse development. The price was $14.5 million, $4 million below the price at listing.

Windsor-area development plan moving forward

Residential  •  Windsor Star

Plans for a large new residential subdivision on Boblo Island moved closer to reality Tuesday when Amherstburg council approved an agreement outlining what developer Amico Infrastructure Inc. is on the hook for — from sewage collection to ferry service.

J. Gordon proposes six-storey rental for Victoria

Residential  •  Victoria Times Colonist

Vancouver-based J. Gordon Enterprises is proposing a six-storey, wood-framed rental building at the corner of Vancouver and View Streets in Victoria. J. Gordon Enterprises is seeking to build 154 rental units on the site, once home to a bottle recycling operation.