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Markham's Union City a 'rare opportunity' for Metropia CEO
Markham's Union City a 'rare opportunity' for Metropia CEO
Union City, a 12-acre mixed-use, master-planned community north of Toronto in Markham’s Unionville neighbourhood, will launch its first phase with a 40-storey, 440-suite residential condominium and a social hub called Union House.
Oxford closes acquisition of new N.C. life sciences facility
Oxford Properties Group has completed the acquisition of the final piece of a major life sciences complex in Raleigh-Durham N.C., closing on 78 TW Alexander. The new building is adjacent to Oxford's Research Commons property, acquired in late 2021.
Parkland gets deal with Simpson, offers 2 board spots
Parkland Corporation (PKI-T) announced it has entered an agreement with Simpson Oil Limited, enabling its largest long-term shareholder to designate up to two nominees for election to Parkland's board of directors and including customary voting support obligations.
Heritage office of Empire Life for sale in Kingston
Empire Life is moving out of its iconic heritage building and office complex in downtown Kingston. The 1.7-acre property has more than 113,500 square feet of office space and is garnering interest even before a price has been set.
Alberta’s industrial heartland expands beyond petrochemicals
A shift is taking place in Alberta’s industrial heartland as the province’s economy builds on the success of its petrochemical processing sector towards other energy sources and new manufacturing ventures, says Mark Plamondon, executive director of Alberta’s Industrial Heartland Association.
Changes needed to realize Port Moody's industrial potential
Port Moody must work to intensify and optimize its existing industrial lands, says a report from Vann Struth Consulting Group, which notes the average building is 44 years old and floor area ratios are lower than current industrial standards.
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Plenty of opportunities on investment, debt sides: Trez
VIDEO: Dean Kirkham, president and chief operating officer at Trez Capital, joins BNN Bloomberg to discuss how private debt fits into investors’ portfolios in a rising interest rate environment.
Ottawa, NCC reach deal allowing embassy row to go ahead
The National Capital Commission can build its row of embassies in Ottawa's Mechanicsville neighbourhood after all, albeit with roughly a quarter of the site reserved for public parkland. The motion states no more than five "principal buildings" will go up.
Ottawa business leaders ready to pitch downtown arena
As the sale of the Ottawa Senators nears, some of the biggest boosters of a new downtown arena for the club will get a chance to express their support for the project directly to NHL boss Gary Bettman next week.
Giant Tiger roars into Montreal
Giant Tiger Stores Limited has announced the official opening of a new location in Montreal for Saturday, April 1. The 18,000-square-foot Giant Tiger store is located at 6700 Chemin de la Côte-des-Neiges and is the fifth location in Montreal.
Bank turmoil ramps up pressure for $900B in CRE debt
CRE owners face nearly $400 billion of debt maturing this year as regional bank failures threaten the industry’s biggest source of financing. In addition, almost $500 billion of loans will come due in 2024, says MSCI Real Assets.
Brookfield sells Australian hotel for $163M
Singapore-headquartered City Developments Ltd. (CDL) has agreed to buy a five-star hotel in central Brisbane from Brookfield Asset Management (BAM-T) for $163 million Cdn. CDL is paying approximately $392,000 per key for the Sofitel Brisbane Central hotel.
Brookfield's DTLA office-focused fund in delisting territory
Brookfield DTLA Fund Office Trust Investor stock dropped to $1.32 a share on Tuesday, landing the fund below the $15M market cap that can trigger delisting after a sustained period.
Heavily indebted Evergrande Group proposes restructuring
The Evergrande Group, a Chinese real estate developer whose struggle to manage more than $300 billion in debt rattled global financial markets, announced a long-awaited plan Thursday to restructure what it owes to foreign bondholders.
Home sales expected to pick up in the spring, but inventory lags
Economists and brokers predict activity to return to Canada’s housing market this spring. The market has been sluggish since last year, when prospective buyers started putting off purchases as the Bank of Canada aggressively hiked interest rates eight consecutive times.
GTA new single-family home sales hit record low
The sale of new homes in the GTA was down significantly year-over-year in February, according to new numbers reported Thursday from the Building Industry and Land Development Association (BILD), as high interest rates continue to flatline the market.
Hamilton to lead ‘comprehensive’ approach to expansion lands
The city plans to lead a “comprehensive” approach to land-use policy for Hamilton’s newly expanded urban area and advises builders to hold fire on private blueprints. Before shovels hit the ground, the city says, secondary plans must be drafted.
8% of T.O.'s approved 19,700 affordable rentals have been built
Toronto has approved more than 19,700 affordable rentals over the last six-plus years, but only about eight per cent — or 1,617 units — have actually been finished. The Toronto Housing Data Hub numbers were released by city hall.
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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