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2024 a very good year, so far, for Dream Unlimited: Cooper
2024 a very good year, so far, for Dream Unlimited: Cooper
Dream Unlimited Corp.’s first half of 2024 was one of its most profitable periods in recent years, according to founder and chief responsible officer Michael Cooper.
Royalmount continues to fill out slate of high-end retailers
Watchmaker Rolex and Canada’s first TimeVallée store will be in the Royalmount mixed-use development in Montreal, joining other luxury brands in the $7-billion project.
OMERS has largest war chest in 20 years, eyes deal rebound
The Ontario Municipal Employees Retirement System has billions of dollars in available liquidity and is preparing for a rebound in deal activity as interest rates come down. The Canadian pension manager has about $23.1 billion in liquid assets.
UBS to liquidate $2.7B office fund, includes Cdn. properties
UBS (UBS-N) is to liquidate a C$2.7-billion real estate fund holding properties in U.S. and Canada, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets.
JLL brokers sale of downtown TO brick-and-beam office bldg.
JLL Capital Markets (JLL-N) has announced the sale of 77 Peter St., a brick-and-beam office building in downtown Toronto, for $12.6 million. The 18,253 square foot office building is 76 per cent leased by AppLovin.
Planned Brampton development site listed for $14.3M
A privately-funded planned retirement community development in Brampton has been listed for sale under power of sale for $14.3M. An $80M project had been planned for the 3.4 acre site by Chacon Developments and Origin Active Lifestyle Communities.
Freed Golf is launched with $200M portfolio
Freed, the owner of Muskoka Bay Club, Deerhurst Highlands and The Valley Club at Horseshoe, has launched an exclusive private resort course portfolio, Freed Golf. It features a premier multi-property membership program.
EY acquires Ignite Strategic link to strengthen RE services
Ignite Strategic, a real estate consultancy, has joined EY to provide clients with strategic advisory and transaction expertise, leveraging Ignite Strategic's depth of market insight and industry leading strategy in Alberta.
IBG opens multifamily dev. design library to save time, costs
Whistler, B.C.-based builder and developer Innovation Building Group (IBG) has launched IBG Designs, a building plan platform for climate resilient multifamily buildings aimed at cutting costs for the industry.
A design change that aims to unlock housing density
B.C.'s plan to allow single-staircase, multi-unit dwellings should be in place by this fall. The change is being heralded by pro-housing advocates as one that allows more affordable development which can be taken on by small builders.
The era of easy real estate money is over for Metro Van. cities
OPINION - Vancouver property taxes increased by 7.5 per cent in 2024, and a city staff report indicated another seven-per-cent increase is needed for 2025. This isn’t an isolated case. Across the province, cities are facing rising costs and dwindling revenues.
Coke Canada celebrates opening of $18M facility in B.C.
Coke Canada Bottling has opened its new 230,000-square-foot facility in Richmond, B.C. The $18 million sales, warehouse and distribution centre, first announced in 2022, is part of a larger $42 million investment in its Richmond operations.
Housing starts unexpectedly jump to 13-month high
Canada’s housing starts surprisingly rose to the highest level in more than a year. Construction was started on an annualized 279,509 units in July, according to data released Friday by the Canada Mortgage and Housing Corp.
Nikola, ITD launch Ont.'s first truck hydrogen fuel station
Nikola Corporation is laying down the foundations of an integrated hydrogen-powered transportation infrastructure by partnering with ITD Industries to launch the first hydrogen refuelling station in Ontario. It will be located at ITD's headquarters in Etobicoke.
JPMorgan leads nearly $1.2B financing for NYC towers
JPMorgan Chase & Co. and Tyko Capital provided nearly $1.2 billion US in financing for two Manhattan towers. The lenders closed on the refinancing for One High Line, a pair of twisting towers that include luxury condos and a hotel.
EQT to buy online property firm PropertyGuru for $1.1 billion
EQT AB agreed to buy New York-listed PropertyGuru Group Ltd. in an all-cash deal valuing the online property search company at $1.1 billion. The transaction is expected to close in Q4 or early 2025
$4.2B CIM-backed revamp of Atlanta DT to tap bond market
A CIM Group affiliate is tapping the municipal bond market to help finance a $4.2 billion megadevelopment intended to transform a downtown section of Atlanta from parking lots into apartments and shops.
Motor City revival: Once-beleaguered Detroit is on the upswing
In the dazzling lobby of the Book Tower, a meticulously restored landmark with a three-storey entryway featuring chandeliers and a massive glass dome, the old Detroit crashed into the new.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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