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Concert buys 90% stake in new GTA Amazon distribution centre
Concert buys 90% stake in new GTA Amazon dist. centre
A Concert Properties fund has acquired majority ownership of its second Ontario Amazon distribution centre – a 519,000-square-foot purpose-built faciity in the Greater Toronto Area – from Montreal-based developer Broccolini.
Centurion acquires Sainte-Thérèse, Kelowna apartments
Centurion Apartment REIT has announced the acquisitions of two new multiresidential properties in as many days – apartment buildings in Sainte-Thérèse, Que., and Kelowna.
Dream, Great Gulf approved to dev. Waterfront site
Waterfront Toronto says it has approved an agreement with Dream Unlimited Corp. and Great Gulf Group that will develop a swath of lakeside land a Google affiliate once hoped to turn into a high-tech neighbourhood.
 | Design, Policy and Canadian Cities Urbanizing the suburbsNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
Winnipeg games company drives retail transformation
While several retailers and consumer brands are staking outposts in the metaverse, experience-based retail is driving the ambitions of six-year-old Winnipeg company Activate Games Inc. that hopes to open up to a dozen locations across Canada next year.
Winnipeg building finds new life as coffee, wine bar
A barren space for nearly two years, a single-story unit at 474 Main St. in Winnipeg has been reborn as Rosé, the area’s first coffee and wine bar, by developer Futuremark, which took over the building in November 2020.
 | FCT Commercial title insurance: it’s more than a policyWhat you need to know about protecting yourself when purchasing a commercial property under bankruptcy protection. Sponsored by: FCT |
Return-to-office order would violate rights: PSAC
Canada’s largest federal workers’ union says a mandatory back-to-office order would be an “egregious violation” of workers’ collective bargaining rights, according to Chris Aylward, national president of the Public Service Alliance of Canada (PSAC).
Transdev vows to avoid LRT woes with $9B Ontario Line
Connect 6ix, the consortium awarded a $9-billion contract to deliver a major component of Toronto’s Ontario Line project, says it expects to be able to avoid the struggles of other major Ontario LRT projects.
Toronto's Liberty Village evolves as arts hub
From its early days as a booming Victorian-era industrial hub that manufactured everything from woven carpets to washing machines, Liberty Village in Toronto’s west end continues to evolve as an epicentre for arts, culture and creativity.
Costco misses revenue expectations for Q1 2023,
Costco Wholesale Corp.’s (COST-Q) growth slowed in the first quarter of fiscal 2023 with revenue coming in below analyst expectations. The company reported US$54.44 billion in revenue, up from $50.36 billion in 2021.
Rabba builds business resiliency with solar panels
Rabba Fine Foods, a GTA market and convenience store chain, will install 2,585 solar panels at its Mississauga distribution facilities to lower its carbon footprint and insulate it against energy disruptions and price swings.
U.S. developers eye stake in Ivanhoe NYC tower
Manhattan developers Fortress Investment Group and Metro Loft Management are nearing a deal to acquire a stake in Ivanhoe Cambridge's 30-storey 85 Broad St. tower in Manhattan's Financial District, with plans to redevelop it into housing, according to sources.
Citadel eyes new 1.7M-sq.-ft. Manhattan tower
Hedge fund billionaire Ken Griffin, the founder of Citadel and Citadel Securities, is negotiating to acquire three adjacent office properties in Midtown Manhattan with the hopes of developing a huge new office tower to house his companies' New York operations.
The office building of the future
VIDEO: Jeff Blau, CEO of Related Companies, on what companies are looking for in office buildings moving forward, what's selling, what's leasing, and what's not.
No U.S. REIT IPOs in 2022 for first time in 21 years
No U.S. companies have filed to become a public REIT in 2022, the first time that has happened since 2001. The industry has faced gale-force headwinds, due in large part to the Federal Reserve’s aggressive interest rate hikes.
IGM Financial buys stake in mortgage broker Nesto
IGM Financial Inc. (IGM-T) is ramping up its technology spending by purchasing a minority stake in Nesto Inc., an online mortgage broker that has been steadily growing as Canadians look for automated services with lower rates when purchasing a home.
Home prices to drop 1% by Q4 2023: Royal LePage
Royal LePage is forecasting the aggregate price of a home in Canada will drop by one per cent to $765,171 by Q4 2023. The real estate company says it expects prices to flatten in the second quarter.
Montreal home prices could fall 12% next year
Residential property prices in metropolitan Montreal are set to post double-digit declines next year as higher interest rates depress transaction activity and reduce multiple-bid situations, according to a forecast published Tuesday by the Quebec Professional Association of Real Estate Brokers.
Thousands of Vancouver housing units in limbo
When the previous Vancouver city council heard there were thousands of potential new homes held up in planning-department limbo because the projects didn’t meet every city guideline or policy requirement, they voted to bend some rules to get things going.
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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