CRE summer 2021 in review: the best stories from RENX | RENX


Panattoni is building this new Amazon distribution center in Parkland County, just outside of Edmonton. (Courtesy of Panattoni Development)

Worried that you missed out on something important from the commercial real estate world while you were away? As always, RENX is here to help.

We have compiled a list of the most important and most read articles that we published from June to August. It’s designed so you can get back into the water quickly as the fall season approaches.

The stories aren’t listed in any particular order, but include the best articles from all the major real estate investing sectors as well as several columns that struck a chord with readers – whether they worked from home, office, or the office. office. chalet.

Our must-have CRE catch-up list for the summer includes:

Artis REIT sells GTA’s industrial portfolio for $ 750m

Artis REIT announced a “landmark” transaction, an unconditional agreement to sell its industrial portfolio of 28 properties and 2.5 million square feet in the Greater Toronto Area for $ 750 million.

Panattoni builds massive 2.9M s / f Amazon Amazon facility

Panattoni Development Corporation. built a huge five-level robotic distribution center to Amazon in Parkland County, just outside Edmonton, one of the largest such distribution facilities in Canada.

Petra and MACH acquire office tower 1000 de la Gauchetière in Montreal

Petra Group and MACH finally completed a four-year odyssey by acquiring one of Montreal’s most iconic office buildings, the 51-story, 673-foot-tall 1000 de la Gauchetière.

Cadillac Fairview acquires 100% stake in Toronto Buttonville Airport

Cadillac Fairview is now the sole owner of the Toronto Buttonville Municipal Airport, a 169-acre property in the city of Markham that has been regarded for years as a prime site for major redevelopment.

Avenue Living buys 1,500 rental units in Edmonton for $ 275 million

Calgary based Avenue Living Asset Management Ltd. acquired three portfolios in the Edmonton area, comprising over 1,500 residential rental units, for approximately $ 275 million.

Tricon buys downtown Toronto site for $ 129M, plans 2 apt. towers

“What we really like about the site is that it is one of the last large development plots close to the city center”, Tricon ResidentialAndrew Joyner told RENX.

Dream Entities Now Own 100% of Ottawa’s Huge Zibi Development

The ‘dream team’ behind what is arguably the largest and most complex waterfront redevelopment in Canada has taken full ownership as the multibillion dollar project continues to unfold in the region. national capital.

Nexus acquires 9 industrial properties in 4 provinces for $ 359 million

Nexus REIT (NXR-A-T) continues to transform into a pure-play industrial entity. The announcement concerns four transactions, including properties in Ontario, Alberta, Saskatchewan and New Brunswick.

Oxford sells Boston-area tower for $ 1.05 billion, biggest deal of 2021

Oxford Property Group and JP Morgan Global Alternatives make the largest single office business in North America so far in 2021, selling One Memorial Drive in Cambridge, Mass., for $ 1.05 billion.

Decade Capital buys Pickering Plaza and plans redevelopment

Capital of the decade closed what founders Idan Mizrahi and Mike Siskind call a “brand acquisition” in the city of Pickering in the Greater Toronto Area.

CAPREIT buys 13 apartment buildings, 2 MHC for $ 235 million

It was two busy weeks at CAPREIT, which acquired apartment portfolios in Victoria and London, Ont., as well as two manufactured home communities with 342 sites near Windsor.

Blackstone acquires WPT Industrial in Toronto in US $ 3.1 billion deal

In addition to this industrial announcement, Blackstone continued its increased investments in Canada, partnering with Selection Group in Quebec to acquire 13 retirement homes.

Inflation is the wild card as Canada’s pandemic recovery looms: Tal

For much of his economic update at the Land and Development virtual conference, CIBC Deputy Chief Economist Benjamin Tal had a familiar optimistic theme. However, he also injected a stronger note of caution.

Bow Tower sale symbolizes Calgary’s economic ups and downs

When the iconic The arc tower was designed and built at the height of an energy boom, it was a symbol of Calgary’s status as the country’s key economic engine.

GTA sees record investment until Q2 2021

The value of commercial real estate transactions in the Greater Toronto Area (GTA) reached a record $ 13.2 billion in the first half of 2021, an increase of 68% from a year ago.

SmartCentres Accelerates Mixed-Use Redevelopment of the GTA

SmartCentres REITs obtained a zoning order from the Ontario government to begin redevelopment of its 73 acres “immediately” Cambridge smart centers shopping center in an 11 million square foot mixed-use neighborhood.


Some very popular and very topical opinion columns:

Are we heading for a real estate crash? Unlikely. Boats and motorhomes, however …

The housing market across Canada has experienced a 16-month teardown that might be considered too exuberant, but has that left it on an accelerated trajectory? I don’t think so, judging by the half-time housing data from 2021. (By columnist John Clark)

When real estate is a family affair (and sometimes a family feud)

Wow, the recent news surrounding the Libfeld v. Libfeld attracts a lot of attention! This raises the profile of intergenerational real estate to a new level… (By columnist Derek Lobo)

The “Far East”: a promising future for the Montreal industrial market

Reminiscent of the Old West – this is the best way to describe what Montreal’s industrial landscape will look like over the next six to 12 months, as demand for space exceeds supply. (By columnists Jean-Marc Dubé and Arnold Fox)

Vancouver, Ottawa, Edmonton: how 3 cities are tackling the missing link

In Toronto, we talk a lot about the “missing link” – the concept that there is a lack of housing options somewhere between single-family homes and mid- and high-rise buildings. (By columnist Naama Blonder)


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