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CentreCourt joins Dream in JV to develop Toronto towers
CentreCourt joins Dream in JV to develop Toronto towers
CentreCourt has entered into a 50-50 joint venture with Dream Office REIT to build two condominium towers as the first phase of an approximately 2.5-million-square-foot master-planned community at 2200 Eglinton Ave. E. in Scarborough.
Jadco doubles down on Ottawa with 2nd multires tower
Fresh off the completion of its 303-unit The Met multires development at 180 Metcalfe Street in downtown Ottawa, Montreal-based developer Jadco Group is set to build another up-to-440-unit residential tower in the city core.
First Nations master plan proposes 13,000 Van. homes
A revised plan released Friday by the consortium of Musqueam, Squamish and Tsleil-Waututh nations for a development on Vancouver’s west side proposes 13,000 homes on 36 hectares of former federal military land, rather than the previous 9,000 homes.
 | The People Space New senior execs at Northcrest, Newmark, CDPQ, MCAN ...Don WilcoxManaging Editor, RENX |
SmartCentres gets green light for Oakville condo towers
SmartCentres REIT (SRU-UN-T) has received approval from the Ontario Land Tribunal for zoning changes that will permit the construction of 26- and 31-storey residential buildings with a five-storey podium in Oakville. The development will house 587 residential units.
Shortlist announced for Toronto Coach Terminal redev.
CreateTO has revealed a select group of developers who are in the running to reimagine the former Toronto Coach Terminal site at 610 Bay Street and 130 Elizabeth Street. The terminal was used by intercity bus services until December, 2020.
Ontario is getting a second Hard Rock Hotel
While construction recently began on the new Hard Rock Hotel and Casino coming to Ottawa, the iconic music-themed global brand has a second standalone hotel coming to London, which will open a year before the Ottawa location.
CityBuildHERS: A game-changer for women in real estate?
The new quarterly networking event, with a professional development component, is led by Jennifer Cross, business development manager at Marant Construction, and Lauren Epp, manager of corporate partnerships and premium properties at OSEG (Ottawa Sports and Entertainment Group).
‘Retail has nine lives’ as consumer spending strong: report
Retail sales growth in Canada is continuing to outperform much of the world so far this year, a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions, the Colliers 2023 Retail Outlook has found.
Nike plans its largest Cdn. store at West Edmonton Mall
The store will boast an expansive frontage in a busy location that leads to a transit interchange. Nike (NKE-N) will replace a former Forever 21 that spanned 22,450 square feet as well as a 3,260 square foot storefront.
Empire expands Voilà online grocery delivery into Alberta
The expansion into Alberta by the company that owns Sobeys and Safeway follows the growth of its e-commerce service in Ontario and Quebec. The grocer says it will offer nearly 20,000 products from Safeway, Sobeys, Chalo! FreshCo and more.
Rona hires new CEO after laying off 500
Rona Inc. appointed a new CEO on Friday, less than 24 hours after announcing it was restructuring and laying off 500 employees. Andrew Iacobucci will work at the company's head office in Boucherville, along with the other executive board members.
Tishman secures $750M for Harvard research campus
The developer says the financing package is led by Otera Capital, a Montreal-based institutional lender. Tishman Speyer said this marks the largest reported deal in the U.S. this year. Construction for the first phase is slated to begin next week.
KPG Funds secures $50M for Manhattan office building
KPG Funds has closed on a three-year, $50 million construction loan for the renovation and repositioning of 40 Crosby, a 70,000-square-foot office building located at 480 Broadway St. in Manhattan’s SoHo neighbourhood.
Brookfield dealing with debt issues at eight malls
Brookfield (BN-T) is facing financial distress at eight shopping mall properties: the Woodbridge Center mall in North Jersey, three in the Midwest markets of Minnesota, Indiana and Michigan, and four East Coast properties in Virginia, South Carolina and Alabama.
Google, Lendlease move forward with 153-acre project
A partnership between Google (GOOG-Q) and Lendlease (LLESF) has received unanimous approval from Mountain View, Calif.’s city council to move forward with an upcoming 153-acre master-planned mixed-use neighbourhood in the North Bayshore Precise Plan area.
Vancouver approving, but not building, housing projects
The City of Vancouver approved a record number of housing units last year, according to a city staff report, but still made the province’s list of municipalities that need to step up their housing game or deal with the consequences.
One-bedroom rent in Vancouver reaches record $2,700
Zumper’s latest Canadian National Rent Report, which analyzes hundreds of thousands of listings to look at median rent prices, highlights that in Vancouver, one-bedroom rent grew 3.8% over the past month to an all-time high of $2,700.
Once rates fall, housing market will soar: Lanterra
VIDEO: Barry Fenton, president and CEO of Lanterra Developments, discusses the effects high rates are having on the housing market, and the challenges in converting offices to residential properties.
Wildfire nearby? It could complicate your real estate deal
Wildfires can trigger moratoria on new home-insurance policies and lower appraised values. Those effects are temporary – and far less serious than those facing people directly affected by a fire – but they can result in added costs for buyers and sellers.
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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