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Nexus Industrial: $316M in acquisitions lined up so far in 2023
Nexus Industrial: $316M in acquisitions lined up so far in 2023
Nexus Industrial REIT's $116.8 million acquisition of a new Ford distribution centre in Eastern Ontario is just the beginning of its 2023 activities. The REIT plans $199.5 million more in acquisitions, plus a full slate of development.
ULI Toronto’s WLI dives into affordable housing issue
Momentum is growing to create more affordable and attainable housing in Ontario, but more cooperation and coordination is needed among all stakeholders for it to become a reality.
17-storey rental tower proposed for Van. downtown eastside
Two prominent family-run Vancouver businesses are partnering to pitch towers of up to 17 storeys above the Army & Navy store in downtown eastside, bringing taller buildings, more people, and a different kind of development than the historic but troubled neighbourhood.
 | The Long View Timing the market: Is real estate investment a good move right now?Richard CrenianFounder & President, ReDev Properties |
Major P.E.I. development one step closer to reality
The town of Stratford in P.E.I. has approved Crossroads, a massive residential and commercial development near the Hillsborough Bridge connecting to Charlottetown, for about 3,200 residential units and 300,000 square feet of commercial and light industrial space.
 | EMBLEM Developments Investor interest peaked for new EMBLEM tower: ALLUREThe slowdown in activity and pricing in residential real estate was a frequent media headline for much of 2022, and for a good reason. Sponsored by: EMBLEM Developments |
Farm Boy to anchor 72-acre Brightwater project in Port Credit
The massive 72-acre Brightwater master-planned community in Port Credit, Ontario, will have Farm Boy as its anchor retail tenant. The waterfront development will have 300,000 square feet of commercial space, 2,995 new residential units and 150 affordable housing units.
Hobby store Imaginaire leases two floors in Rideau Centre
Imaginaire, a Quebec-based collectibles and hobby store, has chosen Ottawa’s Rideau Centre as its first location outside its home province. The retailer will occupy 20,000 square feet in the Rideau Centre, representing a $3-million investment, opening in October.
Historic Fairmont Palliser completes $3.1M luxury upgrade
The Fairmont Palliser hotel in Calgary, built in 1914, recently completed a renovation of its 20,000 square feet of meeting rooms, to the tune of $3.1 million, following a substantial 2019 upgrade to its dining room, retaurant and bar.
Lethbridge industrial market at ‘inflection point’
Higher lease rates for Lethbridge industrial space will be the outcome of higher construction costs, continuing demand and slow development. An Avison Young report said 126,000 square feet is under construction in a market with 10.1 million square feet.
Ottawa council rejects tax break for airport hotel
A last-ditch compromise proposal wasn’t enough to save the Ottawa International Airport and Germain Hotels from a crash landing at city council, where they had applied for a tax break to support a planned terminal hotel.
More cities giving away money for office-to-resi projects
In 2021, Calgary approved a $100M office-to-resi incentive. Chicago, will provide least $197M in tax increment financing dollars. There is a $400M California program and a $2.5M tax abatement scheme in Washington, D.C. for conversions.
Trez Capital successfully closes sixth US Opportunity Fund
Trez Capital has successfully closed the Trez Capital US Opportunity Fund #6 LP, which raised over $21 million US for opportunistic equity investments in ground-up construction of multifamily residential assets in Texas.
Brookfield Infra to take Triton International private for $4.7B
Triton International Limited and Brookfield Infrastructure Partners L.P. jointly announced a definitive agreement for the intermodal container leasing company to be acquired in a cash and stock transaction. The offer values Triton's common equity at approximately $4.7 billion.
Alexandria recapitalizes Boston life science project
In the largest single-building U.S. transaction of its kind, an Alexandria Real Estate Equities affiliate and National Development, have transferred a partial interest in a life science development in Boston to a U.S. affiliate of Mori Trust.
Unique advanced prefab multifamily community in Denver
Mortenson, a top-20 U.S. builder, developer and engineering services provider with four decades of experience in Colorado, alongside joint venture partner Pinnacle Partners, broke ground on Revival on Platte in Denver's Sun Valley neighborhood, a first-of-its-kind prefabricated multifamily project.
Royal LePage boosts 2023 home price forecast as activity picks up
Due to an earlier-than-expected boost in activity in Canada’s major housing markets, Royal LePage raised its forecast for 2023 house prices to be 4.5 per cent higher in the fourth quarter of 2023 than in the final quarter of 2022.
Toronto homebuyers walk a bumpy road
The GTA's spring real estate market is bringing out tenacious buyers grappling with high borrowing costs, vanishing sellers and uncertainty. “Anyone who is a buyer in this market is a serious buyer,” says Davelle Morrison, with Bosley Real Estate.
Social media user skewers absurdity of Canadian real estate
Some young social media users are finding new ways to highlight what they view as the absurd choices facing new home buyers. For example @millennialmoron recently created a video series called “Private Islands vs. Canadian Real Estate.”
Single-family home on nine-foot-wide Vancouver lot rejected by city
A developer’s proposal to build a 900-square-foot home on a nine-foot-wide lot in East Vancouver was rejected by the board of variance on Tuesday, a second attempt by the owner after a 1,200-square-foot home proposal was previously rejected.
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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