After ‘shuffling the deck’, Wpg. office navigates pandemic

RENX  Commercial  •  Office  •  Winnipeg

The pandemic may have drained city centres of their lifeblood – office workers – through much of 2020. But it is not the office apocalypse some had feared. That’s the consensus expressed by major office owners at the Winnipeg Real Estate Forum.

Twelve Rx Drug Mart-anchored properties for sale

RENX  Commercial  •  Retail  •  British Columbia, Ontario, Alberta

Twelve Rx Drug Mart-anchored properties in 11 Ontario, Alberta and British Columbia markets are for sale through JLL. Sante Properties, L.P., the real estate spin-off of Rx Drug Mart, is selling the portfolio of properties – which comprise its entire holdings.

Builders chosen for Edmonton’s $2.6B LRT project

Commercial  •  CBC  •  Edmonton Journal  •  Global News

The City of Edmonton has selected a partnership team to build and partially finance the 14-kilometre Valley Line West LRT line running between downtown and Lewis Farms. The winning proposal came from Marigold Infrastructure Partners (MIP).

Ottawa committee endorses $3B LRT route

Residential, Commercial  •  CBC  •  Ottawa Citizen  •  CTV

Ottawa’s Barrhaven LRT project passed its first test Monday with approval by the City of Ottawa’s Transportation Committee. As part of the $3-billion project, three bridges will be built over Via Rail lines.

NCC launches LeBreton Flats redevelopment plan

Residential, Commercial  •  CBC

Ottawa’s National Capital Commission (NCC) is offering millions in discounts off the market value of land to any group willing to meet its stringent requirements to redevelop a parcel of LeBreton Flats.

Feds introduce bill for CRE rent relief

Commercial  •  Winnipeg Free Press  •  CBC

The federal government has introduced a long-awaited bill to provide businesses with direct access to emergency rent relief — almost a month after announcing the new measure. The bill would also extend the federal emergency wage subsidy until June 2021.

Sponsored by Yardi The digitization of Canadian commercial real estate

Portfolio strategy in commercial real estate has become paramount to endurance as markets react in a ‘wait and see’ manner with the pandemic. While certain sectors of the industry that were previously flourishing have become increasingly vulnerable. . .

NYX opens three Ontario Bluebird storage outlets

Commercial  •  Daily Commercial News  •  RENX

NYX Capital Corp. has opened Bluebird Self Storage outlets in Toronto, Whitby and Burlington. The Bluebird facility at 1450 Don Mills Rd. in Toronto is a retrofit of the former National Post building and has 151,000 net rentable square feet.

D.D. Galaxy acquires 3.2M Northview fund units

Residential, Commercial  •  Canada Newswire  •  Globe Newswire

D.D. Galaxy High Yield Debt LP, a limited partnership controlled by Daniel Drimmer, announced DD Galaxy LP has acquired an aggregate of 3,221,738 class-C trust units of Northview Canadian High Yield Residential Fund (NHF-UN-T).

Slate provides $75M credit facility to InnVest

Commercial  •  Canada Newswire  •  RENX

Slate Asset Management, a leading alternative asset management platform with a focus on real estate, announced today it has provided a $75 million non-revolving credit facility to InnVest Hotels, the largest owner and operator of hotels in Canada.

REIT third-quarter financial results

Commercial  • 

CT REIT, (CRT-UN-T), Canada Newswire

Slate Office REIT, (SOT-UN-T), Business Wire

REOC third-quarter financial results

Commercial  • 

Brookfield Business Partners, (BBU-UN-T), Globe Newswire

Dream Impact Trust, (MPCT-UN-T), Business Wire

Oxford buys into Investa office platform

Commercial  •  Commercial Real Estate

U.S. landlords dragged into bankruptcy by tenants

Commercial  •  Financial Post  •  Yahoo Finance  •  CNBC

America’s ailing malls suffered a pair of body blows over the weekend as two major landlords – Pennsylvania Real Estate Investment Trust and CBL & Associates Properties Inc. – followed their ever-growing list of bankrupt tenants into Chapter 11 protection.

Unibail’s U.S. rental income falls 39% YOY

Commercial  •  The Real Deal

Retail landlord and investor Unibail-Rodamco-Westfield saw U.S. rental income tumble 39 per cent year-over-year in the third quarter. Across its global portfolio, the company’s rental income fell to $1.43 billion in the first nine months of 2020, down 38 per cent year-over-year.

After huge losses, Asian REITs resume global expansion

Commercial  •  Bangkok Post

Singapore has established itself as a hub for REIT’s over the past two decades. Now, following the initial blow from the COVID-19 outbreak, its REITs are slowly coming back to the market with a mission: resume their global expansion.

Canadians remain optimistic about housing market

Residential  •  Bloomberg  •  Huffington Post

Confidence in the Canadian housing market continues to boom, telephone polling by Nanos Research Group shows. Some 45 per cent of respondents believe the value of real estate in their neighbourhood will increase over the next six months.

Van. market posts second-best October on record

Residential  •  CTV  •  Globe and Mail (Sub. required)

The Real Estate Board of Greater Vancouver says October home sales were up 29 per cent year-over-year, making it the second-best October on record. The board says its agents sold 3,687 homes last month, up from 2,858 sold in October 2019.

High-rise habitats, 55 years later

Residential  •  Canadian Architect

Residential high-rises started appearing in Canada only 60 years ago — at the height of the automobile age. With only a few decades to evolve, the typology is still troubled by quality-of-life issues and performance problems.

Dalhousie Station grew from trailer park to TOD village

Residential, Commercial  •  Calgary Herald

Dalhousie Station is a late 20th-century adaptation of the town centre, developed to meet the needs of a North American suburban automobile-oriented community. For residents, it provides most everyday needs within easy walking, cycling, transit and driving distance.