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Ontario Teachers' to split CF into 2 entities, CEO Sullivan to retire
Ontario Teachers' to split CF into 2 entities, CEO to retire
Cadillac Fairview will be split into two entities under a new operating model announced by the Ontario Teachers’ Pension Plan, which includes the retirement of president and CEO John Sullivan. Ontario Teachers' will establish an in-house real estate group.
Minto REIT nixes option to buy Ottawa apt. building
Minto Apartment Real Estate Investment Trust (MI-UN-T) has terminated its agreement to buy the Fifth + Bank building in Ottawa constructed and currently operated by its parent company Minto Properties Inc. (MPI).
 | The People Space Senior exec moves at Manulife IM, Starlight, Werkliv, BGO...Don WilcoxManaging Editor, RENX |
Beedie launches 16-tower Coquitlam waterfront dev.
After 15 years of planning and preparation, Beedie president Ryan Beedie and his team are ready to launch Fraser Mills, a waterfront residential and commercial development in Coquitlam which, at full build-out, is to include 16 towers.
Indigenous-run Longhouse Capital targets $1B fund
Indigenous-run and Vancouver-based Longhouse Capital Partners Inc. has launched an alternative asset manager with a $1-billion target for its first fund to invest in private debt, infrastructure and real-estate assets.
Cannabis operator sells Mississauga HQ for $19.7M
TerrAscend Corp., (TER-CN), a North American cannabis operator, has sold its head office in Mississauga, for $19.7 million. The asking price was $24.23 million, according to a listing on real estate website Zolo.
Former Ottawa Chapters location ‘prime’ high-rise spot: AY
The former two-storey, 61,000-square-foot Chapters bookstore at 47 Rideau St. in Ottawa, on the market since April, is a “prime” site for a high-rise multires project, says Michael Church, Avison Young’s Ottawa managing director.
Arc’teryx opening new store in CF Rideau Centre
As Nordstrom prepares to close this month, the 2,964-square-foot opening of high-performance apparel and equipment brand Arc’teryx in downtown Ottawa's CF Rideau Centre is the sort of retailer the mall needs, says Sprott School of Business' Ian Lee.
Myriad of headwinds' hurting housing supply: Kenney
In the face of rising housing costs virtually across the board, Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (CAR-UN-T) CEO Mark Kenney believes drastic measures are needed across all levels of government, including significant investment to improve housing supply.
Do your homework: BOMA BEST Smart building managers
Smart buildings can be more efficient, cheaper to operate and offer better user experiences. However, preparation is key when property owners and managers pursue designations such as BOMA Best Smart, say executives behind the first buildings certified under the program.
B.C.'s up-zoning plan could have unintended consequences
ANALYSIS: Metro Vancouver planners are raising alarms about the province’s plan to up-zone low-density residential neighbourhoods, saying that could, “if not carefully considered,” hurt efforts to create walkable, transit-oriented zones. This kind of housing is often called missing middle.
Receiver finds little of $226M invested in Victoria broker's firm
Investors who entrusted millions to Victoria mortgage broker Greg Martel have lost a little more hope that they will recover their money after the receiver overseeing proceedings painted a very bleak financial picture during a court appearance Friday.
U.S. office lenders facing mass surrenders
Many U.S. owners have debt coming due on office buildings worth much less today than when their loans were originated. That value destruction has distressed asset buyers lining up to pounce and owners and lenders having key decisions to make.
Las Vegas’ top landlord looks at spas, water parks
New York-based REIT VICI Properties Inc. (VICI-N), which owns 54 properties across the U.S. and Canada and is the largest owner of casinos on the Las Vegas Strip, is now setting its sights at golf courses water parks and spas.
Developer says 48 lenders rejected Houston apt. project
Dallas-based developer Howard Hughes Corp., is struggling to find viable financing for new apartment projects as lenders pull back. CEO David O’Reilly said he was turned down by 48 lenders when he pitched a master-planned community in the Houston area.
Dalfen Industrial bringing 575,000-sq.-ft. campus to Texas
Dalfen Industrial, founded in Montreal, has broken ground on Frisco Trade Center, a project that includes three industrial buildings totaling 575,000 square feet in Frisco, Texas. The facilities are slated for completion in the fourth quarter of this year.
T.O.’s condo market in a ‘moment of reckoning’
The Toronto condo investment has become a staple of the city and produced windfall profits, at least for those who bought at the right time. But a string of recent reports on property investments has raised some eyebrows.
Calgary, GTA rental rates rise 17% Y-O-Y:
Calgary and the Greater Toronto Area saw the highest increases in rents per square foot, rising 17 per cent year-over-year for the period of January to the end of March, according to Zonda Urban's latest report.
Quebec bill would change lease transfer rules
If Bill 31 is passed, Quebec homeowners will be able to more easily refuse a lease transfer request from their tenants. A landlord whose tenant wants to assign a lease could simply terminate it without a serious reason.
Rebuilding N.S. homes could take three years
Justin Johnston, president of the Nova Scotia branch of the Canadian Home Builders’ Association, says it will likely take up to three years to rebuild the hundreds of homes destroyed by wildfires because of existing backlogs in the construction industry.
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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