CF plans $2.5B downtown around Galeries d’Anjou

Residential, Commercial  •  La Presse  •  RENX

As the region’s transit authority attempts to expropriate a quarter of the CF Galeries d’Anjou property, Cadillac Fairview wants to create a true downtown for East Montreal at the shopping centre. Cost of this vast residential and commercial project: $2.5 billion.

Property seizures jumped 580% under Mtl. civil servants

Residential  •  Montreal Gazette

The number of expropriations of private land exploded in Montreal four years ago when city hall quietly delegated its seldom-used power to take properties for use as streets and alleys to civil servants, documents obtained by the Montreal Gazette reveal.

Trantor launches phased Montreal multires development

RENX  Residential  •  Condominiums, Apartments  •  International, Greater Montreal

Trantor Realty has launched Monarc, a $250-million residential real estate project in the Montreal borough of Saint-Laurent with more than 650 condo and rental units. The four-phase project is Trantor’s biggest development in Montreal to date.

CentreCourt plans 55-storey Yonge and Wellesley tower

Residential  •  Urban Toronto

CentreCourt has filed an application for site plan approval for a 55-storey IBI Group-designed condominium at 10 Wellesley St. W. in downtown Toronto. A 2017 rezoning application tabled by Fitzrovia Capital initially sought a 64-storey residential tower for the site.

Menkes tops off 100 Queens Quay East

Commercial  •  Canada Newswire  •  RENX

Menkes Developments Ltd., with TD Asset Management Inc., today announced the completion of the exterior structure of its landmark office tower, 100 Queens Quay East. The 25-storey building broke ground in January 2018 as the first phase of Sugar Wharf.

LEED Gold office for sale at sustainable Victoria dev.

Commercial  •  Sustainable Biz Canada

A showcase LEED Gold-certified office property in Victoria’s Inner Harbour has been placed on the sale block. The three-storey, 14,383-square-foot, class-AAA office building at 376 Harbour Road was completed in 2019. It sits just across the road from the waterfront.

The Saskatchewan Edge › Don’t discount retail discounters

Kelly Macsymic: Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate

Taking a look at Bartholomew’s plan for Vancouver

Residential, Commercial  •  Globe and Mail

American Harland Bartholomew was a civil engineer who became a well-known advocate of city planning before it was even a profession, and he had a role in the design of more than 500 cities – including early Vancouver.

Calgary’s Chinatown businesses oppose upgrades project

Commercial  •  Calgary Herald

The City of Calgary’s plan to transform 3rd Avenue into a more pedestrian- and cyclist-friendly corridor has members of the Chinatown community up in arms over worries the project could hinder local businesses.

Tech talk with Loblaw Digital’s Herman Paek

Commercial  •  Canadian Grocer

Change has come to Canada’s grocery industry.  We asked Loblaw Digital SVP Herman Paek how technology has helped the grocer better serve its customers, and what impact COVID had on its e-grocery business. Here’s what he had to say:

Slate Grocery REIT completes name change

Commercial  •  Business Wire  •  RENX

Slate Grocery REIT (SGR-U-T), an owner and operator of U.S. grocery-anchored real estate, today announced today the completion of its previously announced name change from Slate Retail REIT.

REIT second-quarter financial results

Commercial  • 

Fronsac REIT, (FRO-UN-X), Globe Newswire

Lanesborough REIT, (LRT-UN-X), Sedar

NorthWest Healthcare Properties REIT, (NWH-UN-T), Canada Newswire

Hines founder/chairman dead at 95

Commercial  •  PR Newswire

Gerald D. Hines, founder and chairman of preeminent real estate firm Hines, passed away peacefully at home Sunday at 95. Son Jeffrey C. Hines, who had been president, now assumes the role of chairman and CEO of Hines.

U.S. REITs struggle, landlords face worst quarter ever

Commercial  •  Institutional Investor  •  CP Executive

The pandemic has battered U.S. REITS that focus on retail stores, with Bank of America Corp. analysts calling the second quarter the toughest ever for landlords in the modern era of REITs.

Starwood sells stake in Italian soccer giant

Commercial  •  Bisnow

Starwood Capital Group has sold its stake in Italian Serie A football team AS Roma. Starwood’s involvement in Roma began as a way of accessing a huge Roman real estate development that remains in limbo following years of delays.

Brookfield, Blackstone plan REITs in India

Commercial  •  Business Standard

Brookfield Asset Management (BAM-A-T) and Blackstone, two of the world’s largest private equity investors, are planning to float multiple listed Indian REITS, sources said. Brookfield’s maiden public issue could materialize in 2020 and Blackstone’s JVs could hit the market in 2021.

COVID-19 hands power to T.O. residential tenants

Residential  •  Globe and Mail

Landlords are lining up to sign Rees Nam and their partner as tenants, even though the two have already found an apartment in Toronto – a far cry from when Nam was last on the hunt, two years ago.

$35.88M Point Grey listing most expensive in Canada

Residential  •  Straight

The priciest tag for a Canadian home goes to a Vancouver listing at 3019 Point Grey Rd. Realtor Daniel Tan listed the waterfront home for $35,880,000. The 6,857-square-foot home, with six bedrooms, five baths, and two fireplaces, was built in 1912.

RuListing helps students source off-campus rentals

Residential  •  Canada Newswire  •  LiveWire Calgary

Gaining traction in the highly competitive real estate market, RuListing has 40,000 active buyers and renters globally, posting profiles and messaging with property owners across neighbourhoods. Now, usage extends to the student rental market.

U.S. home sales spike 24.7% in July

Residential  •  Winnipeg Free Press  •  Reuters  •  Reuters

U.S. home sales rose an unprecedented 24.7 per cent in July, extending a rebound in June after the coronavirus pandemic all but froze the housing market this spring, according to the National Association of Realtors.