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Spending down, traffic up: Bricks-and-mortar retail holds its own
Spending down, traffic up: Bricks-mortar retail holds its own
A recent holiday shopping report contained good news and bad for retailers, shopping centre owners and operators: 90 per cent of Canadians plan on returning to bricks-and-mortar stores, but could spend 13 per cent less this holiday season.
Dormez-vous, Steve Madden lease new Pointe-Claire facility
Real estate development firm Rosefellow will open two new distribution centres in Pointe-Claire, Que., at a $75 million facility, with Dormez-vous and Steve Madden Canada as tenants.
Capital Sports, Trinity settle LeBreton Flats lawsuit
A years-long legal dispute between Capital Sports Management Inc., - a company owned by late Senators owner Eugene Melnyk - and Trinity Group over a failed bid to redevelop Ottawa's LeBreton Flats has been settled.
Van. must reconsider Beedie's Chinatown proposal
The City of Vancouver has been ordered by a B.C. Supreme Court court ruling to reconsider Beedie (Keefer Street) Holdings' nine-storey mixed-use proposal for a vacant lot at 105 Keefer St. in Chinatown that was rejected in 2017.
Embattled First Capital asks investors for patience
First Capital REIT (FCR-UN-T) is asking investors to be patient as activist campaigns from two fund managers and the REIT’s founder set out a starkly different approach to property sales than the strategy introduced this fall by the REIT’s executives.
Canada’s premium office rents pose global value
Vancouver and Toronto are placed 69th and 70th in JLL’s 2022 rankings of premium office rents in 134 markets worldwide. Montreal is slotted 100th in the annual survey of the highest achievable rent in the city’s most prestigious office district.
Office amenities upgraded to lure workers back
Commercial real estate companies in Vancouver are increasingly investing in amenities as tenants attempt to attract employees back to the office. Hudson Pacific Properties, for example, added arts and culture amenities to its Bentall Centre Campus.
Ware Malcomb opens third Canadian office in Ottawa
Ware Malcomb, an award-winning international design firm, today announced it has opened its third Canadian office at 1420 Blair Towers Place, Suite 104 in Ottawa. The firm also has offices in Toronto and Vaughan.
Fiera Capital's climate plan approved by NZAM
Fiera Capital (FSZ-T) has had its 2050 net-zero plan, centred around corporate engagement and adjusting its portfolio for a low-carbon future, approved by the Net Zero Asset Managers (NZAM) initiative.
Akelius proposes 10-, 15-storey rentals
Akelius has proposed two Diamond Schmitt Architects-designed rental buildings at 150 The Donway W., across from the Shops at Don Mills. Building 1 would be 10 storeys with 100 units and Building 2 would be 15 storeys with 142 units.
Entertainment concept ‘The Grid’ plans expansion
The Grid, an entertainment business that specializes in immersive experiences through Virtual Reality, E-Sports, interactive learning, all with the goal of improving both physical and mental health, was first launched in Whitby, Ont,. but has plans to grow.
Canadian debt payments climb at record pace
Canadians saw their wealth tumble and their debt obligations rise substantially during the summer, as the Bank of Canada rapidly hiked interest rates in an attempt to bring inflation under control.
Twitter reportedly behind on its office rent
In an effort to cut costs, Twitter has not paid rent for its global offices or San Francisco headquarters in weeks as it has been trying to renegotiate the terms of the company’s lease, according to The New York Times.
Office tenants able to be more demanding in 2023
Commercial property tenants have gained enough of an upper hand in lease negotiations that the structure of new leases will see some significant shifts in 2023, according to CRE software specialist Quarem, a cloud-based commercial property platform.
SL Green JV tops out Manhattan skyscraper
SL Green Realty Corp., in a joint venture with the National Pension Service of Korea and Hines, has topped out One Madison Avenue, a $2.3 billion 1.4 million-square-foot office redevelopment project in Manhattan’s Midtown South neighborhood.
Odd Burger to develop up to 50 U.S., European locations
Odd Burger Corporation (ODD-X) has entered into a letter of intent to develop up to 50 new locations in the State of Florida and in the combined territory of Germany, Switzerland and Austria over a period of eight years.
B.C. condo owners worried over end of rental restrictions
Strata council members and owners of older condominium buildings on the North Shore say recent provincial changes to ban rental restrictions could have negative consequences for them – without providing much affordable rental housing in return.
B.C. housing sales tumble 50% year-over-year
B.C.’s housing market continued to slump in November as sales plummeted 50 per cent compared to the same month last year, the British Columbia Real Estate Association said in its latest update issued Tuesday.
Mortgage stress test likely here to stay
Last week’s Bank of Canada interest rate hike has pushed the qualifying rate under Canada’s mortgage stress test to above eight per cent for many borrowers, raising questions about whether the test is too strict.
Ontario needs to overhaul real estate regulator
OPINION: With hundreds of billions of dollars invested in housing transactions, consumers and others should expect effective and robust regulation of the real estate sector, but a recent Auditor General of Ontario (AGO) report concluded quite the opposite.
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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