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Reimagining shopping centres: A ULI Spring Meeting keynote
Reimagining shopping centres: ULI Spring Meeting keynote
Toronto is front and centre on the global development stage as it hosts the Urban Land Institute Spring Meeting this week, so it's no surprise a key industry issue – retail redevelopment – was one of the first major topics of discussion.
Toys"R"Us, Babies"R"Us lease almost 300,000 sq. ft. of retail
Toys"R"Us (Canada) Ltd. is adding nine new 25,000 square foot stores and two new 24,000 square foot Babies"R"Us stores opening this summer in former Bed, Bath and Beyond locations.
Two-tower plan for VW dealership site approved in Kitchener
The development, a partnership between Zehr Group and property owner M.K.G Holding Corporation, would build 17- and 19-storey condo towers at 1157 and 1175 Weber St. E., at Franklin Street North.
50-storey tower proposed for midtown Toronto
The latest development application proposed in the Yonge and Eglinton neighbourhood's unprecedented vertical expansion calls for a gargantuan 50-storey condo tower to rise from 77 Roehampton Avenue, located midway between Yonge Street and Redpath Avenue.
Novartis bets on new Montreal offices to drive collaboration
Novartis recently left Dorval for a 31,689-square-foot office inside the new, seven-storey Place Gare Viger building at the foot of St-Hubert St. in Old Montreal — in a zone now known as the health innovation district.
Empty office buildings could become your new apartment
With office vacancies in Toronto reaching the highest level since 1995, the idea of converting empty workplaces into apartments is gaining attention. A recent study by real estate services company Avison Young found that around 900 office buildings in Toronto show potential for conversion into residential space.
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Aritzia opening new Ontario distribution hub
Ahead of its opening in Vaughan this summer, the company is looking to hire people to fill more than 600 positions at the 562,000-square-foot facility. Aritzia says it's "the largest capital investment" in the company's history.
Toronto mall turning former Sears into food destination
At Fairview Mall, after traditional chain retailers such as the Gap and Eddie Bauer shuttered or halted expansion plans, the mall’s leasing agents pivoted to food. T&T, a Loblaws-owned Chinese supermarket, was the first to sign on in 2019.
Halifax Waterfront sets sights on new retail opportunities
Gordon Stevens, the COO and vice-president of finance of Build Nova Scotia, says it will continue to build upon the Halifax boardwalk by adding more retail opportunities and experiences for locals and tourists.
How tech is transforming the grocery shopping experience
During the pandemic, grocers made significant strides in improving e-commerce platforms to make online shopping a viable way to buy groceries. But now that shoppers are back in-store again, they’re looking for the same conveniences they’ve become accustomed to online.
Poll reveals the most respected retail stores in Canada
Canadian Tire, Costco and Staples have been deemed Canada’s most respected general merchandise retail stores in 2023, according to a survey conducted by Maru Public Opinion.
Sam Zell, billionaire real estate investor, dead at 81
Sam Zell, a Chicago real estate magnate who earned a multi-billion-dollar fortune and a reputation as “the grave dancer” for his ability to revive moribund properties, died on Thursday. He was 81.
AT&T to mandate return to office, consolidate real estate
AT&T is consolidating its office space into nine locations and will require some 60,000 managers to work on site. The company will require managers to come into the office at least three days per week, CEO John Stankey said.
CRE lending sees significant drop: CBRE
CRE lending continued to slow in Q1, according to CBRE’s Lending Momentum Index. It reports CBRE-originated commercial loan closings in the U.S. declined by 33% from Q4 2022 — and 53.5% versus 12 months prior.
Lenders selling $1B in delinquent loans for 95 bldg. portfolio
The largest apartment landlord in San Francisco, Estadil Secured, has stopped paying its debt tied to 95 multifamily properties in recent months, and its lenders are now looking to sell those loans.
Developers to launch hundreds of new condo units in Toronto
Ever since the Bank of Canada announced in late January that it would take a break from hiking interest rates, activity in the residential real estate market has started to rebound.
Lower Mainland presale market could be in for a sunny autumn
The expectation of lower mortgage rates in the coming year is encouraging buyers to re-enter the presale market and supporting sentiments that the presale market will remain steady for the rest of 2023, according to MLA Canada.
Surrey renters face a 40 per cent rate hike or possible sale
In late April, the landlord of Winsome Place sent letters asking tenants to agree to a more-than-40 per cent increase in rent or risk losing their unit, which would be listed for sale on July 1.
Toronto rental and housing scams becoming a huge problem
Toronto Police are seeking a suspect in yet another housing scam investigation, just the latest in a string of similar scams where fraudsters rent or even sell homes they do not own.
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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