NYX acquires 3 Bluebird Self Storage facilities for $81M

RENX  Commercial  •  Industrial  •  Toronto / GTA

NYX Capital Corp. and Bluebird Self Storage have expanded their partnership with an $81-million deal for three Greater Toronto Area (GTA) facilities. The facilities are located in Toronto, Vaughan and Mississauga.

PC Urban plans Victoria industrial strata development

RENX  Commercial  •  Industrial  •  British Columbia

PC Urban Properties plans its first industrial strata development in Greater Victoria, the largest of its kind in the region in the past decade. The 4.6-acre site at 1764 Island Highway is across from the Juan de Fuca Recreation Centre.

First Capital proposes 42-storey mixed-use tower

Residential, Commercial  •  Urban Toronto  •  RENX

First Capital has proposed the redevelopment of 5051 through 5061 Yonge St., across from Mel Lastman Square. On the table is a 42-storey, integrated mixed-use development with office space, residential uses, and active retail uses at-grade.

Bosa, Kingswood plan 30-, 34-storey residential towers

Residential, Commercial  •  urbanYVR

Bosa Properties and Kingswood Properties have unveiled their plans for a 30-storey east tower and a 34-storey west tower, with ground-floor retail spaces and a large multi-use atrium on Alberni Street in Vancouver.

MG4 proposes two apartment buildings in Kanata

Residential  •  Ottawa Citizen

MG4 Investments is proposing to build two three-storey apartment buildings to replace a single-family home in Kanata. MG4 is proposing six two-bedroom units in each of the two buildings which would slightly exceed the permitted building height of 36 feet.

Agropur leasing 30% of Mtl. head office

Commercial  •  La Presse

Austerity is the order of the day at Longueuil-headquartered Agropur Dairy Cooperative, which is leasing 30 per cent of ​​its head office – up to 84,290 square feet of offices – which is valued at $89 million and is under five years old.

Sponsored by EY Are you making smart technology investments, or just keeping up with the neighbours?

New technology can mean new potential for real estate owners and developers. Even so, tech tools themselves are only as powerful as the strategy you employ to use them.

What will commercial real estate look like in 2021?

Commercial  •  Globe and Mail  •  RENX

When CBRE Canada geographic information systems manager Naz Ali was at home in March, she had the idea of using her specialized skills to track data on people’s movements, enabling CRE stakeholders to determine the best locations for their investments.

Toronto’s Canada Square plan has some major flaws

Residential, Commercial  •  Globe and Mail  •  RENX

OPINION: A huge development is shaping up in midtown Toronto to replace the mixed-use Canada Square complex. It would tear down more than 600,000 square feet of office space and rebuild it, adding 2,700 apartments, but its design has serious flaws.

Quebec invests $55M in Montreal port expansion

Commercial  •  La Presse

Quebec announced on Tuesday financial assistance of $55 million to the Montreal Port Authority (MPA) to support the start-up phase of the expansion project of the Port of Contrecoeur. The costs of this phase are estimated at $111 million.

Fengate, York announce strategic partnership

Commercial  •  Canada Newswire

Fengate Asset Management has completed an investment in York Group of Companies on behalf of the LiUNA Pension Fund of Central and Eastern Canada. The partnership will enable York to execute on its pipeline of M&A and other strategic opportunities.

KPMG resigns as NexPoint Hospitality Trust auditor

Commercial  •  Canada Newswire

NexPoint Hospitality Trust (NHT-U-X) announced KPMG LLP has resigned as auditor of NHT. KPMG advised it no longer met the independence requirements under applicable professional standards. NHT’s board and management continue to review strategic options to recapitalize.

Casino mogul Sheldon Adelson dead at 87

Commercial  •  Globe and Mail

Sheldon Adelson, a billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died at 87 after a long illness.

Amazon to expand with 5 facilities in Metro Detroit

Commercial  •  CP Executive

Keeping up with the pace of e-commerce demand, Amazon plans to expand its footprint in metropolitan Detroit with the addition of five new facilities. The company will add three fulfillment centers and two sortation centres at various locations.

Zurich acquires four assets for European pension funds

Commercial  •  IPE Real Estate

Zurich Alternative Asset Management has established a core U.S. real estate fund for European pension funds and has acquired four assets. Managing director Sean Bannon said ZAAM’s first real estate fund for third-party investors had an investment capacity of $500 million.

Asia’s real estate industry catches up in tech adoption: Survey

Residential  •  Mingtiandi

Just 35 per cent of Asia property professionals see the region trailing the West in adopting real estate technology, according to a survey conducted by Mingtiandi, compared with 56 per cent who felt that way three years ago.

Vrbo exits Toronto over new short-term-rental rules

Residential  •  Financial Post (Sub. required)

Vrbo, the vacation-rental platform owned by online travel giant Expedia Group, has ceased operations in Toronto due to the city’s new rules governing short-term rentals, according to an e-mailed statement by Philip Minardi, Expedia’s director of policy communications.

B.C speculation tax raised $88 million: Ministry

Residential  •  Toronto Star

The Ministry of Finance says data from British Columbia’s tax targeting property speculators shows it has helped increase the number of long-term rentals. The ministry says 92 per cent of the $88 million raised in 2019 was collected from non-B.C. resident owners.

B.C. top U-Haul destination in 2020

Residential, Commercial  •  Business In Vancouver

British Columbia was the No.1 place to move to in Canada in 2020, according to data released by U-Haul Canada analyzing internal migration patterns across the country. U-Haul movements are generally considered a key metric for middle-class household migration.

City planner discusses how COVID has changed Toronto

Residential, Commercial  •  Toronto Star

In 2018, Toronto’s scrappy chief planner, Jennifer Keesmaat, ran for mayor on a platform of creating a more affordable, sustainable, livable city. Now Keesmaat has launched Markee Developments, a company focused on the third element: increasing the stock of affordable housing.