Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@renx.ca
Canada: 1-855-569-6300

Oxford Properties has ‘insatiable appetite’ for GTA

5 years ago

During the past decade, Oxford Properties’ Toronto-area portfolio has grown by 110 per cent and a value of nearly $11 billion. Today, Oxford has a construction and pre-development pipeline of 27 GTA projects that would add another $10 billion in value.

 • 

Ontario Teachers’ Pension Plan, one of the world’s biggest pension funds, plans to hire “extensively” in Asia and Europe over the next two years and could shift an extra $11 billion into infrastructure and other real assets, says CEO Ron Mock.

 •   • 

Quadreal Property Group, a unit of British Columbia Investment Management Corporation, wants to replace two 1970s-era buildings at Toronto’s Commerce Court with a new development that will allow for larger offices and a spate of new amenities.

Daniel Fournier will retire this fall as CEO of Ivanhoé Cambridge, ending a decade-long relationship with the multi-billion-dollar real estate company and Caisse de dépôt et placement du Québec. The firms named current president Nathalie Palladitcheff as the new CEO.

CMLS Commercial Mortgage Commentary Q2 2019

 • 

Young tech companies emerge and often expand quicker than their office spaces can accommodate. Sometimes, the companies simply fail and disappear. About 90 per cent of tech firms fall into that boom-or-bust dichotomy, says LoginRadius co-founder/CEO Rakesh Soni.

 • 

Metro Vancouver’s sluggish residential real estate market has caused some developers to pull the plug on projects, while others either delay or “retool” housing developments or switch their firms’ focus to rental housing.

 • 

The second quarter of 2019 results for commercial real estate investment in the Greater Toronto Area (GTA) released by Altus Group (AIF-T) show after five straight quarterly declines, total investments were up 43 per cent compared to the first quarter.

 • 

A presumed, folksy simplicity is why the menu at Tim Hortons (QSR-T) these days is so strange, so far off from their successful, strategic targeting of working-class Canadians. Belgian-waffle breakfast sandwich? Omelette bites? Salted-caramel iced capp?

Centurion REIT

 •   •   • 

Indigo Books & Music Inc. (IDG-T) reported a sales drop and a larger net loss for its first quarter. The Toronto-based company says its revenue totalled $192.6 million for the period ended June 29, down $12.8 million from $205.4 million year-over-year.

 • 

True North Commercial REIT (TNT-UN-T), , which yields a hefty 8.85 per cent dividend, is an open-ended REIT that owns and operates commercial properties in urban and select strategic secondary markets across Canada.

 • 

BTB REIT, (BTB-UN-T), Canada Newswire

CAPREIT, (CAR-UN-T), Globe Newswire

H&R REIT, (HR-UN-T), Canada Newswire

Killam Apartment REIT, (KMP-UN-T), Canada Newswire

Minto Apartment REIT, (MI-UN-T), Canada Newswire

PROREIT, (PRV-UN-T), Canada Newswire

 • 

Dream Unlimited Corp., (DRM-T), Globe Newswire

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

Trez Capital Mortgage Investment Corp., (TZZ-T), Canada Newswire

Trez Capital Senior Mortgage Investment Corp., (TZS-T), Canada Newswire

Marcus & Millichap

 • 

Australian retirement communities manager Aveo Group has accepted a CAD$1.1-billion takeover offer from Brookfield Property Partners (BPY-UN-T). Last month, Aveo confirmed it had selected Brookfield as its “preferred party” in takeover talks following media speculation.

 •   • 

WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial statements for the first time that showed it lost almost $700 million in the first half of 2019 while doubling revenue.

 •   • 

Trinity Merger Corp. (TMCX-Q), a special acquisition company created by an affiliate of Trinity Real Estate Investments LLC, and real estate lender Broadmark Capital announced a merger of the two brands in a $1.2-billion deal.

 • 

Ireland’s Green REIT has agreed to sell itself to Henderson Park Real Estate Management for $2 billion Cdn. Green REIT, which listed in 2013, put itself up for sale in April this year in a bid to “maximise value for its shareholders.”

BOMA

 • 

More and more Albertans are falling behind on their mortgage payments, according to the Canadian Bankers Association. The rate of mortgages in arrears has been creeping upwards for the past 10 months on record and reached 0.49 per cent in February.

 • 

Toronto-based tech startup Properly is bringing its online real-estate service to Edmonton after raising $22 million in total funding to expand within Calgary and to other Canadian cities. Properly enables homeowners to find out what their home would sell for.

 • 

When the federal Competition Bureau won a seven-year legal battle with the Toronto Real Estate Board (TREB) last summer over housing data, the ruling was billed as the dawn of a new era of innovation and choice for consumers.

 • 

Nearly four years after the Liberals took over, announcements about money for affordable-housing projects have started to arrive at a furious clip. There have been at least 45 announcements about federal dollars to be contributed to housing developments since January.

Industry Events