NYX expands Bluebird JV, plans res developments

RENX  Residential, Commercial  •  Industrial, Condominiums, Homes  •  Metro Vancouver, Toronto / GTA, Greater Montreal

NYX Capital Corp. and Bluebird Self Storage have acquired a commercial building in Montreal for their first development outside of Ontario. NYX is also moving ahead with two GTHA multifamily and housing projects, but has sold a third.

Caisse real estate division rebounds in first half

Commercial  •  Globe and Mail (Sub. required)  •  Montreal Gazette  •  Canada Newswire

After two difficult years in real estate, Caisse de dépôt et placement du Québec is showing signs of turning around its troubled portfolio. Real estate returned 4.1 per cent, compared with a 0.9 per cent loss for CDPQ’s benchmark index.

Zoning approved for BGO’s 62-storey Simcoe tower

Residential, Commercial  •  Urban Toronto  •  RENX

Zoning has been approved for BentallGreenOak‘s proposed redevelopment of 100 Simcoe St. with a 62-storey, mixed-use project. The Hariri Pontarini Architects-designed proposal includes 526 residential units – 301 one-bedrooms, 174 two-bedrooms and 51 three-bedrooms – in addition to retail and office space.

Mount Pleasant: Canada’s most resilient CRE submarket?

Ed Ferreira: Senior VP, Industrial Properties Team, CBRE

ÉTS first Montreal campus to become carbon neutral

Commercial  •  Sustainable Biz Canada

ÉTS, the engineering school of the Université du Québec network, has become the first university campus in Montreal to achieve carbon neutrality, reaching its goal nine years ahead of its initial 2030 target date.

Design, Policy and Canadian Cities › Let’s take a fresh look at developing Toronto’s employment lands

Naama Blonder: Architect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP

Sun Life to require vaccination for returning employees

Commercial  •  Globe and Mail (Sub. required)

Sun Life Financial has told its 12,000 Canadian employees they must receive the COVID-19 vaccination in order to return to offices in three major Canadian cities, becoming one of the first federally regulated financial institutions to mandate vaccinations for its staff.

How Northview came to dominate North’s rental housing

Residential  •  CBC

The Landlord’s Game, Part I: In November 2020, a deal selling Northview Apartment REIT (NVU-UN-T), the North’s largest landlord, to two Toronto real estate investment companies for $4.9B was completed. It included about 27,000 residential units and 1.2 million commercial square feet.

Hotel Equities partners with PEG, Petroglyph in Nanaimo

Commercial  •  Globe Newswire

Hotel Equities today announced a partnership with Utah-based commercial real estate leader PEG Companies and Petroglyph Development Group to manage the 172-room Courtyard by Marriott hotel under construction in downtown Nanaimo.

Nine new stores, restaurants opening at Yorkdale mall

Commercial  •  Canada Newswire

Yorkdale Shopping Centre will be welcoming nine new retailers and restaurants in coming months. The new stores, boutiques and restaurants include a range of fashion, athletics, beauty & fragrance brands that will account for a total of 56,653 square feet of new retail space.

Indigo reports higher revenue, lower net loss

Commercial  •  Toronto Star

Books and lifestyle retailer Indigo Books and Music Inc. reported increased revenue and reduced year-over-year Q1 loss as its stores began to reopen from pandemic-related restrictions. The Toronto-based company reported revenue of $172 million for the three months ended July 3.

REIT second-quarter financial results

Residential, Commercial  • 

Firm Capital Apartment REIT, (FCA-UN-X), Globe Newswire
SmartStop Self Storage REIT, Business Wire

Storage Acquisition Group opens first Canadian office

Commercial  •  SpareFoot

The Storage Acquisition Group has established a presence in Canada and named Lloyd McDonald director of Canadian acquisitions. McDonald, based in Calgary, will focus on purchasing storage facilities and portfolios directly, meaning owners don’t have to list their assets. 

Brookfield pockets $128M for Brooklyn office condo

Commercial  •  CP Executive

Brookfield Property Partners (BPY-UN-T) has finalized the sale of a 186,000-square-foot office condominium within Twelve MetroTech Center, a 30-storey building in downtown Brooklyn. A joint venture between 60 Guilders and a hedge fund paid $128 million for the class-A asset.

Oxford seeks to turn office to life sciences space

Commercial  •  Bisnow  •  RENX

Oxford Property Group wants to transform a 159,000-square-foot downtown office formerly occupied by WeWork into labs. Oxford filed a letter of intent with the Boston Planning and Development Agency to redevelop 745 Atlantic Ave. after WeWork vacated and left it 75% vacant.

QuadReal JV building 365K-sq.-ft. Raleigh mixed-use

Commercial  •  REBUSINESS

A joint venture between Trammell Crow Co., High Street Residential, AECOM-Canyon Partners and HM Partners has broken ground on 400H, a 365,000-square-foot mixed-use development in Raleigh, N.C. Vancouver-based QuadReal Property Group provided an undisclosed amount of financing for the development.

BMO invests $70M in U.K. housing fund

Residential  •  Property Funds World  •  IPE Real Assets

The BMO UK Housing Fund has completed the acquisition of the Hughes House scheme in Liverpool city centre, through a $70 million Cdn forward funding agreement, signalling the first round of deployment for the fund. The agreement will provide 258 new homes.

Wesgroup inks deal with CMHC to build 836 new rentals

Residential  •  urbanYVR  •  Daily Hive

Wesgroup has received $349 million in low-cost loans from the federal government to construct rental housing, as part of CMHC’s Rental Construction Financing initiative. The funding will allow for the construction of 836 new rental units, targeted at middle-income Metro Vancouver families.

Nine organizations join forces to increase Quebec affordability

Residential  •  Globe Newswire

The Quebec Professional Association of Real Estate Brokers (QPAREB) and eight other key players in the housing industry recently met in Montreal to discuss some of the main issues affecting the housing sector.

Home buyers worried about data privacy due to proptech

Residential  •  Canadian Lawyer Magazine

The adoption of property technology solutions, which have risen in popularity to limit face-to-face contact amid the COVID-19 pandemic, has its pros and cons including data privacy, a study by software-review company Capterra Inc. suggests.