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Feds speed up plans to shed millions of square feet of space
Feds speed up plans to shed millions of sq. ft. of space
The federal government is accelerating plans to significantly reduce its office footprint in Ottawa-Gatineau and across the country, and compiling a list of properties to divest or make available for redevelopment partnerships.
HILO program to connect 10M-sq.-ft. Ont. tech park
HILO, a workplace engagement platform that enables building operators to connect with their tenants wherever they are, has launched its new starter program at the Kanata North Technology Park.
Nokia to spend $340M to upgrade Ottawa HQ
Nokia Canada (NOK-N) said it is contributing $340 million toward a project that will transform its 26-acre campus at the Kanata North business park into a mixed-use corporate, residential and commercial hub built using sustainable technologies.
How much warehouse you can buy today vs. 2021
GUEST SUBMISSION: The year was 2022 and it had been a relatively steady 40 years of declining interest rates from the peaks of 1981 where the Bank of Canada rate reached a whopping 21.46 per cent.
Developers can’t build fast enough at CentrePort
More than $350 million worth of building permits have been issued for Manitoba's CentrePort Canada developments over the past five years and anyone you talk to will tell you that demand for modern industrial space is expected to continue.
 | First National Financial LP Mid-Range Hedge: How First National clients profited from our newest innovationWhat follows are stories of First National clients whose business needs inspired us to create Mid-Range Hedge Sponsored by: First National Financial LP |
Converting office buildings key to planning: AY
With 85 per cent of employees now expecting a hybrid work experience, the pressure is on for employers to deliver. Businesses have had to rethink their entire value proposition to both recruit and retain, says Avison Young president Sheila Botting.
Main + Main, Equiton break ground on Ottawa 3-tower
A signature gateway into Ottawa's Vanier neighbourhood is set to emerge with the start of construction on the latest development by Main + Main, in partnership with Equiton - a commanding three-tower mixed-use, purpose-built rental development.
Canada’s economic growth to hit a standstill
A new economic outlook by the Conference Board of Canada says a recession is possible, but the underlying conditions are working in the economy’s favour. It expects zero economic growth from the second half of this year through Q1 2023.
Couche-Tard invests $16M in Fire and Flower
Fire & Flower Holdings Corp. (FAF-T) has entered into an amendment agreement in which Alimentation Couche-Tard will provide a) an $11-million loan and (b) a subscription agreement to purchase common shares of the company for approximately $5 million.
2022 an ‘exceptional year’ despite challenges: IKEA
Swedish home furnishings giant IKEA said Thursday that despite “unprecedented challenges” caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering fallout from the COVID-19 pandemic, 2022 had been an “exceptional year.”
Blue-Zone looks to corner anesthetic recycling market
Blue-Zone Technologies Ltd. has completed an $8 million round of funding which will allow it to scale its operations and over the next year, increase commercialization of its waste anesthetic gas recovery and recycling process.
Slate Office acquires Chicago office property for $19.8M
Slate Office REIT (SOT-UN-T) has agreed to acquire a newly retrofitted class-A office property located in Chicago. The property is valued at US$19.8 million and comprises 197,527 rentable square feet.
Vacant Manhattan office tower sells for $252M
Real estate firm 99c LLC has acquired a 31-storey, 684,500-square-foot office tower in Manhattan’s Seaport neighborhood for $252 million. The firm purchased the asset from privately owned real estate investment and advisory firm Vanbarton Group.
Record vacancies, subleasing in L.A. office market
While net absorption treaded water in the Los Angeles office market in Q3, vacancies climbed to a record of 20% and available sublease space surged to a new high of 10.7 million square feet, according to Newmark.
S.F. could turn empty downtown offices into housing
San Francisco’s downtown economic core has been struggling since the start of the pandemic, and there is one idea to help it that just won’t die: Convert empty office buildings into housing following in the footsteps of Calgary.
Dream Residential to trade on OTCQX Best Market
OTC Markets Group Inc. (OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Dream Residential REIT (DRR-U-T), has qualified to trade on the OTCQX Best Market.
Ski hills appear immune to real estate slowdown
An exodus from larger urban centres fuelled a boom in rural properties and B.C. ski resorts were no exception. Building permit values at Big White rose to $21.7 million last year, a 352 per cent increase.
Annual pace of housing starts highest since November
Canada Mortgage and Housing Corporation says the annual pace of housing starts in September rose to the highest level since November 2021. The seasonally adjusted annual rate of housing starts was 299,589 units, up 11% from 270,397 in August.
Ontario condo managers grapple with price hikes
As multiresidential buildings wrestle with rising construction costs, Ontario condo managers are experiencing the impacts. Inflation, supply chain disruption and labour shortages are affecting both capital projects and day-to-day operations, says Yasmeen Nurmohamed, president of Toronto-based Royale Grande Property Management.
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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