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

30-yr.-old entrepreneur buys Miséricorde Hospital site for huge dev.

1 day ago

30-yr.-old entrepreneur buys Miséricorde site for huge dev.

Alta Canada and its 30-year-old principal, Richard Geller, plan a 30-plus storey residential tower at the long-abandoned Miséricorde hospital property in downtown Montreal, part of a multi-phased project with an investment of around $500 million.

Oxford, CT REIT, Cdn. Tire plan $200M Canada Square reno

Oxford Properties Group and CT REIT (CRT-UN-T) are embarking on a “transformative investment” to renovate and retrofit Canadian Tire Corp.’s (CTC) head office in the Canada Square office complex in midtown Toronto.

Vale to invest $325M in Quebec battery materials plant

Brazilian mining giant Vale is making inroads into Quebec's battery industry by unveiling its ambitions in the Bécancour industrial park. The complex is expected to cost $325 million and would be the first of its kind in North America.

$1B Galeries Charlesbourg redevelopment breaks ground

Trudel is breaking ground on its Galeries Charlesbourg project, its second large project in the City of Quebec region.  The residential portion will consist of 2,000 rental condos, 300,000 sq. ft. of commercial space and take 8 years to complete.

The Wildwood Investment Fund is nearing capacity — here’s why investors are moving fast

Launched by Basecamp Resorts, the Wildwood Investment Fund is a real estate-backed opportunity fuelled by the rapid rise of wellness tourism and spa-centred hospitality.

Sponsored by: Basecamp Resorts

Amazon launches YXX1 logistics centre in B.C.

Amazon announced Friday the launch of YXX1, the company’s first storage and distribution fulfilment centre in British Columbia. YXX1 expands Amazon’s logistics network in Western Canada while engaging local suppliers and bringing jobs to the community, said the company.

Metro Vancouver industrial market taps brakes: Report

Metro Vancouver industrial real estate is entering a reset phase, as a wave of new supply pushes vacancy higher and sends rents downward. That’s according to a report from Cushman & Wakefield which anticipates continued new supply and vacancy growth.

Dozen towers proposed around Markham's Cornell Centre

Diamondwood Management and Delta Urban have submitted plans for a five-block development designed by Arcadis in Markham’s Cornell Centre.  The first phase is three towers up to 31 storeys, adjacent to the Cornell Bus Rapid Transit Station.

17 storeys proposed on Victoria Park in Scarborough

A 17-storey purpose-built rental tower is being proposed on a narrow lot in Scarborough's Wexford neighbourhood at 1641 Victoria Park Ave. The high-rise would be about a kilometre north of the upcoming Eglinton Line 5 Crosstown LRT.

IO market update: $200B in projects, reconsideration of P3s

The new $200-billion pipeline from Infrastructure Ontario (IO) released June 5 features 28 infrastructure projects in pre- and active procurement and an additional 19 government projects in the initial stages of planning, including seven new ones.

Federal bill tabled to speed up 'nation-building' infra

The Liberal government introduced legislation, The One Canadian Economy Act, on Friday to eliminate federal barriers to internal trade and detail how nation-building infrastructure projects will be identified and approved more quickly.

Massive battery energy storage project controversy in Ottawa

Over 60 people lined up Thursday to speak to the City of Ottawa’s Agricultural and Rural Affairs Committee over a proposed $650-million Battery Energy Storage System (BESS) pitched for a parcel of land outside the urban area.

Retailer Oak and Fort granted creditor protection

Vancouver-based clothing retailer Oak and Fort Corp., which operates 42 stores in the U.S. and Canada, was granted an initial order under the Companies’ Creditors Arrangement Act and is planning a parallel Chapter 15 bankruptcy proceeding in the U.S. 

Lululemon to hike some prices, copes with ‘uncertainty’

Your next purchase from Lululemon Athletica Inc. might cost you more.  The Vancouver-based apparel company revealed Thursday that it hopes to weather new and possibly incoming tariffs by passing along some of the costs to customers.

Fairmont Hotel Vancouver owner sues Christian Dior

The owner of the landmark Fairmont Hotel Vancouver building is suing luxury retailer Christian Dior for allegedly reneging on an agreement to extend its lease. This is happening despite Christian Dior continuing to operate a store in the hotel.

Brookfield Properties restructures N.A. office business, seeks deals

Brookfield Properties is shuffling the structure of its North American office business as it aggressively pursues acquisitions, particularly in New York. Brookfield’s office segment is shifting to a function-driven management structure, jettisoning its past geography-based approach.

U.K. and Canadian architects sign reciprocal work agreement

A new bilateral architecture partnership between Canada and the U.K. is being billed as an initiative that could help both countries grapple with their respective housing challenges. It allows architects in each country to more seamlessly work in the other.

Investors in bond tied to Shorenstein Tower face loses: Fitch

Shorenstein Properties' increasing difficulties with one of its New York City office towers could end up driving losses for bondholders who bought debt on the building, which was considered ultrasafe just a few years ago.

CRE investment is tested as bond traders push rates

Yields on 10-year U.S. Treasury bonds rose sharply Friday after a subdued jobs report, an unwelcome movement for CRE players and the latest swing in the $28.6 trillion market for U.S. Treasury bonds that power federal spending.

Industry Events