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Brookfield buys Montreal-area industrial property for $88M
Brookfield buys Montreal-area industrial property for $88M
Brookfield’s New York branch has purchased a 26.17-acre industrial property — including two buildings with 124,000 square feet of rentable area, outside storage areas and trailer parking — in Dorval, Que. from RF West Island Limited Partnership II for $88M.
Natasha The Residences part of busy dev. slate for Lanterra
Lanterra Developments has a short-term development pipeline of about 4,000 housing units. It recently celebrated the construction kickoff for one of those projects, the 38-storey Natasha The Residences, with a VIP event at Toronto’s El Mocambo club.
Romspen battles GTA mall owner, alleging defaults of $333M
Private mortgage lender Romspen Investment Corp. is locked in a court battle with mall owner Issa El-Hinn, its largest borrower, after multiple loan defaults allegedly totalling $333-million – unpaid debt that has hindered its ability to fund investor redemptions.
 | The Apartments Broker Apartment buildings: Serious buyers onlyRamona VadiPartner & Broker, Baron Realty |
CIBC sours on office REITs, cuts multiple price targets
CIBC analysts are reducing their price targets for Canadian office real estate investment trusts across the board, as investor sentiment on the sector remains low and the impact of remote work takes a toll.
Ericsson to invest $470M in Ottawa, Montreal facilities
Swedish telecom equipment maker Ericsson is investing $470 million to fund research and job creation at its Ottawa and Montreal facilities, and will receive an undisclosed amount of additional federal funding to do so.
Carbonova prepares for record carbon nanofibre plant
Carbonova Corp., which makes ultra-thin fibres from the by-products of greenhouse gases like carbon and methane, is laying the groundwork to build what it says will be the first large-scale commercial facility of its kind in Canada.
Olymel to close pork plant in Vallée-Jonction, Que.
Olymel, the largest pork processor in Quebec, Friday announced the closure of one of its four Quebec slaughterhouses, that of Vallée-Jonction, in Chaudière-Appalaches. Nearly 1,000 workers will be affected.
Provincial changes allow 23 storeys in downtown Guelph
New buildings in much of downtown Guelph can be as tall as 23 storeys, with a minimum of two. The previous limit was 18 storeys. That’s among the provincial government’s changes to the city’s official plan handed down last week.
Leader Lane proposes three mixed-use buildings in Etobicoke
Leader Lane Developments has proposed three mixed-use buildings at 230 and 430 Royal York Rd. and 722 The Queensway. The CMV Group-designed buildings would stand eight, five and eight storeys, respectvely, and total 85 residential units.
Mad Radish healthy food concept plans hundreds of locations
The co-founder of DAVIDsTea has huge plans to grow his Mad Radish brand with a potential of hundreds of locations. David Segal said the brand is all about fast, healthy food.
Real estate podcasts
Audrey Powell, Aspen Properties: All about relationships, People Who Perform
John Lorinc, Urban affairs journalist: Are smart cities really such a smart idea?, City Space
Geoffrey Newman, Savills North America: Sometimes we end up where we started, Tenant Experience Network
CF, Gateway Capital create $900M Aussie industrial JV
Sydney, Australia-based investment firm Gateway Capital has joined forces with Canadian real estate giant Cadillac Fairview to create a $900 million logistics fund focused on injecting capital along the east coast of Australia.
Wells Fargo beefs up reserves by $643M to deal with CRE debt
Financial services giant Wells Fargo, in reporting its first-quarter 2023 earnings, said that it added $643 million in reserves to cover potential loan losses. Specifically, it said the total reflected an increase in reserves for commercial real estate loans.
Offices across U.S. must be torn down: Investor
Kyle Bass has some advice for real estate investors: Tear it down. The founder of Dallas-based Hayman Capital Management says office buildings in cities need to be demolished because demand isn’t returning and it’s impractical to turn most towers into apartments.
Manhattan rents reach record high of $4,175
Manhattan apartment landlords are testing renters’ limits even before the market’s busiest season arrives. The median monthly rate rose to a record-high $4,175 in March, according to a report by appraiser Miller Samuel and brokerage Douglas Elliman Real Estate.
ANALYSIS: A different take on the missing middle
B.C. Premier David Eby’s new housing plan calls for more missing middle housing – a new term for a throwback type of housing when families lived in bungalow courts and fourplexes, and enjoyed an affordable lifestyle with gardens and play areas.
Renewing Canada's National Housing Strategy keys on poor
The National Housing Council has submitted a report to the Minister of Housing and Diversity and Inclusion with recommendations on improving the National Housing Strategy. Renewing Canada's National Housing Strategy recommends changes to challenges faced by low-income households.
GTA home prices rose by more than most residents' annual income in 2022
In 2022, the majority of the Greater Toronto Area (GTA) saw home prices go up by more than what most residents make in a year, according to a recent real estate report by Zoocasa.
B.C.'s 'cooling off period' should be scrapped: Royal LePage
Some would-be home buyers are abusing B.C.'s "cooling off" period for real estate transactions, which is causing issues in an already low inventory market, according to Royal LePage.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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