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Dream Office REIT cuts distributions by 50%
Dream Office cuts distributions by 50%
Dream Office REIT (D-UN-T) has followed several of its peers in the sector by announcing a 50 per cent distribution cut, to take effect when it enacts a one-for-two share consolidation later this month.
Tough 2023 for MSCI/REALPAC Canadian Property Index
The MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index had a total return on standing assets, excluding developments, of -0.05 per cent in 2023.
Surrey mayor plans two new entertainment districts
In her first official address since being elected in 2022, Surrey Mayor Brenda Locke announced an economic strategy to make B.C.’s largest city a destination for live events with two entertainment districts planned — in the city centre and Cloverdale.
Intentional plans 16-storey mixed-use for T.O. gas station
The Esso and Circle K at 952 King St. W., one of downtown Toronto's last gas stations, is shuttering. Intentional Capital Real Estate's plan for the site is a 16-storey mixed-use with ground-floor retail and 213 purpose-built rental units.
Canada ranked No. 2 for LEED-certified CRE in 2023
Canada was a global leader in commercial real estate LEED certifications in 2023, ranking No. 2 in the world according to the Canada Green Building Council. Almost eight million square metres across 280 projects were LEED-certified in Canada last year.
Sprout's modular housing offers ‘gentle densification’
Sprout Dwellings Inc., a Halifax-based modular housing designer and builder, is finding opportunity for its backyard suites as the city looks for ways to bring more affordable housing to the market.
OPINION: Feds should get out of the road-building business
Road tolls are increasingly common as cities grapple with the rising deluge of traffic. Some day the trend will reach Canada, but the starting point for more efficient use of existing roads is for governments to stop building new ones.
Ontario government to ban most highway tolls
Ontario Premier Doug Ford is slamming the brakes on any rate increases for drivers' licences and outlawing the possibility of new tolls on all freeways except Hwy. 407, which is a private entity.
B.C. resets talks on giving F.N. more say over public land
The British Columbia government is conducting an intensive series of meetings with industry and outdoor recreation groups this month, in an attempt to assuage concerns about its proposed changes to the law that governs Crown land.
F.N. questions flip of desirable Winnipeg land
The new chief of Peguis First Nation wants to know why riverfront property it purchased in one of Winnipeg's most desirable residential neighbourhoods was flipped to a private developer instead of becoming part of its reserve lands.
RBI aims for $60 billion in global sales by 2028
Restaurant Brands International Inc. (RBI) (QSR-T) expects new locations and higher traffic from better-looking, more efficient stores to help drive systemwide sales to US$60 billion by 2028 — an increase of 40 per cent from last year.
MTY Group won’t 'shy away' from M&A opportunities: CEO
MTY Food Group Inc. (MTY-T) reported on Thursday a fourth-quarter profit that was more than double the same quarter in 2022 and CEO Eric Lefebvre says the restaurant operator will continue to look for opportunities to expand.
Ont. electronics retailer Factory Direct to liquidate
An Ontario court has given Factory Direct permission to liquidate its stores as it begins winding down the business. The discount electronics and home goods retailer wanted to close its 14 stores in the province.
Good Earth Coffeehouse opens at 686 Bay St. in Toronto
Good Earth Coffeehouse opens its second Toronto location at 686 Bay St. Good Earth, whose first coffeehouse opened in Calgary in 1991, has 60 locations throughout Alberta, British Columbia, Saskatchewan, Manitoba and Ontario.
Robotic retail gaining traction in Canada
Canada’s first robotic cafe, RC Coffee, opened in Toronto in October 2020. The flagship location of the coffee chain revived the long-dormant retail concept of the automat: a restaurant where food and drinks are served by technology rather than humans.
Starwood acquires $850M stake in Echelon data centres
Private investment firm Starwood Capital has invested in developer Echelon Data Centres. Starwood this week announced that a controlled affiliate had invested $850 million in the Irish firm.
WeWork looking for new funds to pay office owners
Bankrupt coworking giant WeWork said in a court filing that it needs to raise additional funds to see it through its reorganization, especially to continue to pay rent during the process of paring down its real estate commitments.
CBRE ‘optimism’ sparks rally in embattled CRE
The commercial real estate sector got a boost Thursday when CBRE Group Inc. (CBRE-N) reported strong fourth-quarter earnings and suggested the worst is over for the downtrodden market for office leasing.
Macquarie real estate asset head to depart after 21 years
Macquarie Group Ltd.’s global head of real estate within its asset management arm, Brett Robson, is departing after more than two decades at the Australian investment bank.
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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