Calgary Co-op launches $2B development campaign

Calgary Co-op launches $2B development campaign

Calgary Co-op, one of the largest retail cooperatives in North America, has embarked on an ambitious $2 billion-plus capital investment campaign to expand the grocery chain’s operations. The company, with more than 460,000 members, 3,850 employees, assets of $565 million and annual sales of just over $1 billion, has proposed a major investment program in Calgary to expand its retail operations and create mixed-use developments.

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After year of record land sales, GTA soars into 2018: Altus

Land sales and improved land sales both set all-time records in the Greater Toronto Area during 2017, part of a banner year for the region’s commercial real estate industry. Expectations also remain high for 2018, according to Altus Group Data Solutions senior director Matthew Boukall. He gave that rosy forecast in front of a large audience at Toronto’s Ritz-Carlton Ballroom on Jan. 26 as part of the company’s 10th annual state-of-the-market event.

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TREB forecasts ‘volatile’ 2018 GTA resale home market

“There will be some volatility in 2018.” That’s how Jason Mercer of the Toronto Real Estate Board opened his address on the GTA resale home market Jan. 26 as part of Altus Group Data Solutions’ 10th annual state-of-the-market event. “In the first half of the year we’re going to be experiencing an unwinding of some of the impact of the Fair Housing Plan coming up against what remains to be seen of the actual impacts of the OSFI guidelines stress test,” said Mercer.

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Ivanhoé caps $1B investment with Montreal Eaton Centre project

Ivanhoé Cambridge says it will invest $200 million to redevelop the downtown Montreal Eaton Centre, including merging it with the neighbouring Complexe Les Ailes shopping centre. In a release, Ivanhoé says the project “aims to enhance the shopping experience at Quebec’s busiest shopping centre on Sainte-Catherine Street, one of North America’s most well-known commercial streets.” The Montreal Eaton Centre and Complexe Les Ailes attract more than 30 million visitors annually, the company says.

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Hungerford, Vancouver social agencies JV on The Link

Vancouver-based Hungerford Properties is partnering with several agencies to create an innovative, six-storey mixed-use development which combines social and market rental housing with ground-floor retail space. The project, to be known as The Link, broke ground Friday and will create 161 rental homes; 44 will be seniors housing suites and the remaining 117 units what Hungerford calls “affordable” family rentals.

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Investor Confidence Project certifications coming to Canada

Canada Green Building Council, Green Business Certification Inc. and the Advanced Energy Centre at MaRS Discovery District are bringing the Investor Confidence Project and its Investor Ready Energy Efficiency certification to Canada. The project is a U.S.-based, global underwriting standard for developing and measuring energy efficiency retrofits which is administered by GBCI.

Sustainable Biz Canada

Six months ago: TO industrial sale prices ‘unprecedented’

David Hillis, who brings 33 years of industrial and office investment sales and leasing experience to his new role as Avison Young principal, has completed more than 1,100 industrial transactions in the Toronto market. With that type of background, the former CBRE senior vice-president has a solid perspective on what’s happening in the GTA.

Property Biz Canada

One year ago: Quebec firm investing in Canadian data centres

When it comes to operating energy hungry data centres, Canada, and Quebec especially, has a lot going for it: proximity to the giant U.S. market, a cold climate, plenty of water, stable and favorable data protection and privacy laws and generally cheap electricity. It’s a winning formula for Montreal-based Northern Investment Partners Inc., which recently announced a partnership for international banking firm M Capital Group to raise and invest up to $160 million in the sector.

Property Biz Canada

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