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Starlight plans 5 towers at Victoria's Harris Green Village

1 year ago

Starlight plans 5 towers at Victoria's Harris Green Village

Starlight Investments’ proposed Harris Green Village redevelopment at the edge of downtown Victoria will take its next step at a Feb. 9 public hearing.

Technology benefits physical retail – as well as e-commerce

The acceleration of e-commerce left many people wondering if in-person shopping might soon come to an end. However, a key catalyst for e-commerce – the rise of technology in the retail sector – is also playing a role in bricks-and-mortar resiliency.

Groupe HD Immobilier acquires Praxis Construction

Groupe HD Immobilier, a real estate developer with an established reputation in Québec, has acquired Praxis Construction and is integrating its operations. The companies have several projects under development.

Sandpiper wins court action to set FCR meeting date

Sandpiper Group announced the Ontario Superior Court ordered the requisitioned special meeting of First Capital REIT (FCR-UN-T) unitholders, to replace four trustees on the board, take place as soon as practicable after March 1.

McArthurGlen's Vancouver outlet mall to expand

The McArthurGlen Designer Outlet Vancouver mall in Richmond, near Vancouver International Airport, is preparing to add a 65,000-square-foot third phase to its 324,000-square-foot footprint. Phase 3 is expected to include between 30 and 35 stores.

HBC to shut Londonderry Mall store in Edmonton

The Hudson’s Bay store at Londonderry Mall is closing in August. The store has operated for more than 50 years and was one of the mall’s original tenants. The 118,000-square-foot store has struggled to attract shoppers in the renovated Northeast Edmonton shopping centre.

Rester proposes commercial project in Montreal

Montreal developer Rester Management hopes to apply for a zoning change to build a boutique hotel, a restaurant, office space, businesses and a rooftop solarium/terrasse in the Mile End neighbourhood. 

Vancouver gives Granville revitalization the green light

Vancouver City Council unanimously approved the framework for the planning process to create the Granville Entertainment District area plan, which will guide revitalization and future redevelopments.

London's downtown comeback leads the nation

Activity in London, Ont.,'s downtown core is at about 79 per cent of its pre-pandemic levels, making it the leader among all Canadian cities and 13th overall in North America, according to a study called "Death of Downtown?"

Beaconsfield turns down 138-unit mixed-use proposal

Beaconsfield council has voted thumbs down on a potential mixed-use development for Elm Plaza, a suburban Montreal strip mall. The proposal included 138 units and 14 townhouses with a four- or five-storey main residential building and ground-floor commercial.

Energy firm Wood moving into new Calgary home

Next week, Jason Westrup, Canadian vice-president of conventional energy at Wood, will supervise the initial flow of his 680 Calgary staff from downtown into its new 30,000-square-foot Interplex Business Park home at Barlow Trail and Memorial Drive S.E.

FS, Portfolio Advisors merge, creating $73B investment firm

FS Investments and Portfolio Advisors have a definitive agreement to combine their investment firms. The new entity will have over $73 billion in assets under management, including a significant permanent capital base and robust distribution platform.

Manulife inks 2 new leases at New Jersey office tower

Manulife US REIT has signed two new leases totaling 35,240 square feet at 10 Exchange Place, a 740,354-square-foot office tower in Jersey City, N.J. The office building is close to the Hudson River walkway and Harborside Center.

REITs lead charge to consolidate casino real estate

The slowdown in transactions across commercial real estate as a result of higher interest rates is unlikely to dramatically change in the near term. However, properties that house gaming operators are proving the exception.

U.S. industrial sector maintained strength through 2022

The industrial and office sectors had very different stories in Q4 2022 as well as throughout the year, according to CBRE. Industrial performance continued its 2022 track record, while office demand turned negative.

GTA new construction condo sales hit 15-year low

The GTA's new construction condo market took its first real pause in 15 years in the second half of 2022, according to Urbanation. Sales of units plunged 68 per cent year-over-year between July and December, the slowest pace since 2008.

Calgary new listings at lowest level since late '90s: CREB

The Calgary Real Estate Board says January’s new listings fell to a level not seen since the late 1990s as home sales declined 40 per cent year-over-year. New listings for the month were 1,852, a 25 per cent year-over-year drop.

Greater Victoria real estate market limps into 2023

Greater Victoria’s real estate market got off to a slow start in January, but it may not set the tone for the rest of the year, according to Graden Sol, the new chair of the Victoria Real Estate Board.

Quebec may have cheaper rents, but they earn less

OPINION: Simply put, rental market dynamics are not uniform, with shelter costs for renter households relatively low in many Quebec cities, but much higher in the suburbs near Toronto, according to a recent report using 2021 census data by Point2.

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