CF plans major development at Pointe-Claire mall

RENX  Residential, Commercial  •  Condominiums, Office, Apartments, Retail  •  Greater Montreal

Cadillac Fairview will develop a new suburban downtown area around its CF Fairview Pointe-Claire mall on Montreal’s West Island. Project Fairview will surround the 52-year-old shopping mall at Highway 40 and St-Jean Boulevard, which itself is getting a makeover.

Fiera Capital sells 11% stake to French bank

Commercial  •  Reuters  •  RENX

French bank Natixis has agreed to buy an 11 per cent stake in Canadian asset manager Fiera Capital Corporation (FSZ-T) for around $128 million. Natixis Investment Managers CEO Jean Raby will join Fiera Capital’s board.

H&R sells Toronto’s The Atrium to KingSett for $640M

RENX  Commercial  •  Office, Retail  •  Toronto / GTA

UPDATED: H&R REIT (HR-UN-T) will capitalize on strong pricing for downtown Toronto office assets and sell its 1.1-million-square-foot The Atrium for $640 million. KingSett Capital CEO Jon Love confirmed Thursday it is the buyer, calling The Atrium a “key acquisition.”

Peerage buys Sotheby’s International Realty Canada

Residential  •  Toronto Star  •  Globe and Mail  •  Canada Newswire

Luxury real estate brand Sotheby’s International Realty Canada (SIRC) has been sold by a subsidiary of Dundee Corporation (DC-A-T) to Toronto-based Peerage Realty Partners Inc., expanding the stable of high-end brands the company controls. No financial details were disclosed.

Newmarket getting first major condo build in 30 years

Residential  •  Urban Toronto

After three decades without major new condominium developments, Newmarket is getting a major reinvestment with The Davis – Residences at Bakerfield, which will eventually house three condominium towers designed by architects RAW.

8 Elm tower redesigned at 67 storeys

Residential  •  Urban Toronto

The plan to redevelop three lots at Yonge and Elm Streets in downtown Toronto has evolved. The original July 2016 proposal for 8 Elm included 80 storeys and was denied. The IBI Group-designed project has now been reduced to 67 storeys.

Sponsored by KPMG Global real estate investment funds panel shares what it means to lead on international stage

We live in a global business environment, and real estate investing is no exception. Seeking to diversify their portfolios and take advantage of higher-yielding opportunities, many investors are looking to overseas real estate markets.

Vancouver’s ex-chief planner revisits career

Residential, Commercial  •  Vancouver Sun

Sipping an Americano in a Yaletown cafe recently, Larry Beasley seems at home. That makes sense. Not only does he live a short walk away, he has his fingerprints all over the neighbourhood.

Sobeys building two robotic warehouses

Commercial  •  Globe and Mail (Subscription required)

Sobeys Inc. (EMP-A-T) is more than doubling its bet on e-commerce technology – to $190-million – with plans to build a robotic warehouse in Montreal in addition to the one under construction in Vaughan, north of Toronto, for home-delivered goods.

Gildan closes last Canadian plant

Commercial  •  La Presse

The Gildan (GIL-T) apparel company, which has become a leader in the North American underwear, socks and leisurewear market, is preparing to close its last plant on Canadian soil, on Jarry Street in Montreal.

Alberta farmland demand strong even as feedlots close

Commercial  •  Western Investor

Land real estate specialist Shawn Hansen says demand remains strong for farmland in Alberta, despite geopolitical headwinds. Hansen pointed to a 640-acre parcel he  recently listed near Vulcan for $3.1 million. “It sold in two days,” said Hansen.

Gentrification looms for Ottawa’s Wellington West

Residential, Commercial  •  Ottawa Citizen

Inside the Ottawa Bagelshop and Deli, a 30-year Wellington West institution with tiled floors and a wood-burning bagel oven, Mary Ellen Kot and Christine Libon are meeting for lunch. As of late, the neighbourhood’s retail district is transforming.

Momentum persists for U.S. industrial, office sectors

Commercial  •  CP Executive

The future still bodes well for the office and industrial sectors, according to the Royal Institution of Chartered Surveyors 2019 Q1 U.S. Commercial Property Monitor report. However, survey participants indicate more downward movement is on tap for the retail sector.

Brookfield backing proptech startup VTS

Commercial  •  IPE Real Assets

Brookfield Asset Management (BAM-A-T) has become the latest institution to back property-technology startup VTS. VTS said its Series D fundraising, which received $90 million US capital, was led by Brookfield’s technology investment arm.

REIT first-quarter financial results

Commercial  • 

American Hotel Income Properties REIT, (HOT-UN-T), Canada Newswire

Crombie REIT, (CRR-UN-T), Canada Newswire

Dream Global REIT, (DRG-UN-T), Globe Newswire

Partners REIT, (PAR-UN-T), Globe Newswire

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

True North Commercial REIT, (TNT-UN-T), Canada Newswire

REOC first-quarter financial results

Commercial  • 

Dream Alternatives, (DRA-UN-T), Globe Newswire

Fiera Capital Corporation, (FSZ-T), Canada Newswire

Melcor Developments Ltd., (MRD-T), Globe Newswire

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

Timbercreek Financial, (TF-T), Globe Newswire

Tricon Capital Group Inc., (TCN-T), Canada Newswire

B.C. cracking down on tenancy law-breakers

Residential  •  Business In Vancouver  •  CTV  •  Vancouver Sun

The Province of British Columbia is cracking down on landlords and renters who break tenancy laws by setting up a compliance and enforcement unit within the Residential Tenancy Branch (RTB), housing minister Selina Robinson announced in Victoria on Wednesday.

Burnaby pushes for larger basement suites

Residential  •  Burnaby Now

Burnaby city council wants the provincial government to allow larger larger basement suites in homes. The municipality will request the Ministry of Municipal Affairs and Housing to eliminate a 970-square-foot cap on suite sizes in the B.C. Building Code.

Apartments driving London home construction

Residential  •  London Free Press

A spike in apartment construction helped drive home building in April for the London area. The number of housing starts in the London area was 436, up from 367 year-over-year, due largely to a high number of apartment starts.

Four ways Ontario housing bill affects Ottawa

Residential  •  CBC  •  Newinhomes.com

Municipalities are poring over a wide-ranging Ontario government bill meant to speed up housing construction, trying to decipher what it will mean for them. Developers pay the City of Ottawa fees for new construction.