LocationsRecent Articles
Capital breaks ground on Toronto’s Park Road condos
Capital breaks ground on Toronto’s Park Road condos
Capital Developments has broken ground on Park Road, a 28-storey, 302-unit condominium in Toronto’s exclusive Yorkville. “From sales to demolition start and hitting our construction and financing threshold was less than three months,” Capital president Carlo Timpano said.
Brookfield expects to sell more assets, confirms CEO plans
Brookfield Corp. (BN-T) executives are expecting to off-load more assets as economic conditions for deal-making continue to improve, after the Toronto-based asset manager sold about $20.6-billion of its holdings in the first half of the year.
Canada has an income distress problem: CAPREIT CEO
VIDEO - Mark Kenney, president and chief executive officer at Canadian Apartment REIT (CAR-UN-T), joins BNN Bloomberg to discuss concerns for the housing market. Kenney says Toronto is feeling most of the impact.
Oshawa’s Northwoods business park draws employers
Northwood Business Park has been helping lead a new wave of job growth and attracting some major multinational employers to a 500-acre site near the Oshawa Executive Airport, two post-secondary institutions and close to major highways and rail lines.
33 Yonge tower being renovated, rebranded to Berczy Square
Extensive renovations are now underway at 33 Yonge and once complete, the office tower will incorporate the natural elements inspired by a nearby park adding a hospitality vibe. At almost half-a-million-square-feet and 13 storeys it is located near Yonge and Front streets.
1,000 residential units, park proposed for Lawrence Heights
Big things could be headed for Lawrence Heights in the form of a 22-, 24-, and 26-storey mixed-use development with 1,062 residential units — plus a public park. Plans submitted by developers RioCan and Maplelands are currently awaiting review.
Resubmission bumps St Clair-Bathurst tower to 35 storeys
Hazelview Investments has resubmitted plans for a residential condominium and rental building at 40 Raglan Avenue. The developer is proposing to heighten the previous 29-storey design by six additional storeys and 58 units.
Japanese cultural building in TO at risk of becoming condos
Members of Toronto's Japanese community are fighting to keep a beloved cultural centre, designed by famed architect Raymond Moriyama, from being turned into a condo. A developer wants to demolish and reassemble the building and erect a 48-storey condo.
Musqueam FN partners with YMCA on Vancouver rental tower
Six years after the YMCA of Greater Vancouver first indicated its intention to redevelop its aging Langara Family YMCA facility, a brand new rezoning application set to be submitted to the City of Vancouver outlines a substantially revised mixed-use concept with more housing.
Canada’s share of global CRE value nudges up
The global value of professionally managed real estate dipped in 2023, while Canada’s share of the total market nudged up. MSCI’s annual calculations peg the global investment property market at $18.1 trillion, with approximately $580 billion in Canada.
New GO station announced for Lakeview Village
Metrolinx’s Lakeshore West GO expansion project will bring a brand-new station to the rail line that will cater to the forthcoming Lakeview Village it was announced this week. The residential development in Mississauga is set for 16,000 homes.
Ontario announces $970M for water infrastructure projects
Ontario has announced the first round of investments through its House-Enabling Water Systems Fund, that will see $970 million invested in 54 projects across 60 municipalities to help develop, repair, rehabilitate and expand drinking water, wastewater and stormwater infrastructure.
U.K. Finance Minister Reeves pitches to Bay Street
Rachel Reeves met with executives from the Maple 8 – Canada’s largest pension funds, which includes CPP Investments and CDPQ – to pitch them on what she said was a “pipeline of investments that are going to be coming to market.”
RioCan earnings rise to $122.4 million in second quarter
RioCan Real Estate Investment Trust (REI-UN-T) says its net income for the second quarter was $122.4 million, up from $112.0 million during the same quarter last year. RioCan says its revenues totalled $292.2 million.
REIT Q2 financial results
CAPREIT, (CAR-UN-T), Globe Newswire
Crombie REIT, (CRR-UN-T), PR Newswire
DREAM Residential REIT, (DRR-U-T), Business Wire
Killam Apartment REIT, (KMP-UN-T), PR Newswire
PROREIT, (PRV-UN-T), PR Newswire
Foreign investors in U.S. EB-5 program face closure letters
The future of billions of dollars of foreign investment in U.S. commercial real estate development sits on a knife's edge as visa-handling administative agency threatens to close the companies that manage the projects over a missed fee.
U.S. commercial construction projects keep being abandoned
Shift Capital was ready to move forward on construction of hundreds of hotel rooms. But lenders pulled funding “at the eleventh hour”. The $70M project is now in limbo and Shift is far from the only one shelving projects.
Is commercial real estate development still financeable?
Between high interest rates, rising construction costs and tighter loan requirements, completing commercial development projects within a budget that meets profitability expectations is harder today than it has been in more than a decade.
NYC's movie industry gets boost from a $1B De Niro studio
De Niro just opened Wildflower Studios — an 11-sound-stage campus in Queens that cost $1 billion. Their aim: to bring a new level of technology to production in the city, where many studios are converted warehouses not purpose-built facilities.
Industry Events
-
Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
