REMI

Industrial

Ontario to subsidize industrial site approval costs

Canadian Facility Management & Design

Subsidy to ease industrial site approval costs

Industrial land owners in Ontario could qualify for up to $25,000 to reimburse 50 per cent of the costs of municipal and provincial planning and environmental studies.
office market turnaround

Canadian Property Management

Office market turnaround delayed at least to Q4

A fourth wave of COVID-19 stalled hopes for an office market turnaround in the third quarter of 2021, while demand for industrial space continued unabated.
real estate deals on record pace in Q2 2020

Canadian Property Management

Real estate deals hit record volume in Q2

Nearly $14 billion worth of commercial real estate transactions closed in the second quarter of 2021, making it Canada’s most active quarter ever for non-M&A investment volume.
warehouse

REMI Network

Green goals for adaptive reuse of vacant Hamilton warehouse

An industrial warehouse in Hamilton’s East Bayfront neighbourhood is transforming into a sustainable waste management facility that will produce about $2 million worth of organic fertilizer daily.
Oxford Properties to acquire U.S.-based portfolio of infill light industrial buildings

Canadian Property Management

U.S. infill light industrial fits Oxford’s aims

The USD $2.2-billion (CAD $2.7 billion) deal involves 149 warehouse/distribution buildings located in 12 major metropolitan markets throughout the United States.
logistics

REMI Network

LaSalle purchases GTA logistics portfolio

LaSalle Investment Management has acquired three industrial buildings in the Greater Toronto Area through its core real estate fund in Canada. This purchase reduces the fund's overall exposure to the office market.
Blackstone offers premium on WPT REIT units

Canadian Property Management

Blackstone offers premium on WPT REIT units

Blackstone Real Estate Income Trust has entered into an agreement to acquire WPT Industrial REIT's U.S.-based portfolio of distribution and logistics facilities for USD $3.1 billion.
investment performance expectations rally in Q2

Canadian Apartment Magazine

Investment performance expectations rally in Q2

Recently released results of the REALPAC/Ferguson Partners Canadian Real Estate Sentiment Survey show industry executives in a more upbeat mood in Q2 2021 than was the case 12 months earlier.
Investors avidly pursuing industrial properties

Canadian Property Management

Investors avidly pursuing industrial properties

Market analysts anticipate more capital flowing into the sector as vacancies tighten and rental rates rise, and they warn that available space is nearing depletion in Vancouver, Toronto and Montreal if leasing continues at the recent pace.
Canadian CRE players share 2021 portfolio data

Canadian Property Management

Canadian CRE players report 2021 portfolio data

Nearly 200 respondents who collectively own and/or manage more than 2.2 billion square feet of space reported to the 26th annual Who's Who in Canadian Real Estate survey.
Broccolini acquires former Ford assembly plant site in southwest Ontario

Canadian Facility Management & Design

New owner for long idle Ford assembly plant site

Broccolini's acquisition takes one of the largest available tracts of industrially zoned land in Canada off the market.
Cold storage facilities emerging as alternative investment asset class

Canadian Property Management

Cold storage gathers investment steam

Cold storage facilities are flagged to deliver robust returns to investors due to the evolution of food retailing, demand for vaccines and other pharmaceuticals, and the thriving outlook for the warehouse/distribution and logistics sector in general.
Great Lakes container ship service promoted as low-carbon logistics option

Canadian Facility Management & Design

Great Lakes figure in low-carbon logistics

A new shortsea service will forge a marine link from container facilities at the Port of Hamilton to the Port of Montreal.
Light industrial set for a heavy property tax hit

Canadian Property Management

Light industrial set for heavy property tax hit

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.
distribution centre

REMI Network

Walmart building first distribution centre in Atlantic Canada

The $56-million project will be designed with sustainability in mind, such as reducing long haul distances with products much closer to stores.
Toronto Aboriginal Support Services Council

Canadian Property Management

GTA’s Q1 2021 investment sales surpass Q1 2020

Industrial assets and development land accounted for more than 50 per cent of investment sales value in Q1 2021 with trade activity in both sectors far outpacing deal-making in the pre-pandemic months of 2020.
Primaris REIT to acquire Halifax retail properties

Canadian Property Management

Nexus REIT bumping up industrial weighting

Nexus REIT has entered agreements to acquire five single-tenant industrial buildings, which would add 609,000 square feet of gross leasable area to its portfolio.