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Slate unveils new details for 805-acre Hamilton Steelport
Slate unveils new details for 805-acre Hamilton Steelport
Slate Asset Management has submitted an application for a draft plan of subdivision for its proposed 805.8-acre Steelport industrial park to be constructed along the Hamilton waterfront.
'Substantial' real estate job cuts coming at CDPQ: CEO
Caisse de dépôt et placement du Québec (CDPQ), Quebec’s public pension manager, plans to cut a significant number of jobs in the real-estate subsidiaries it’s in the process of merging, chief executive Charles Emond told reporters Thursday.
YI resubmission proposes 70-storey mixed-use
YI Developments' revised submission for 619 Yonge St. proposes a 70-storey mixed-use tower comprised of 803 condo units and 27,276 square feet of retail space on the first and second floors.
Melcor REIT suspends distribution, begins strategic review
Melcor REIT (MR-UN-T) has announced the commencement of a strategic review process and the suspension of its monthly distributions.
Ottawa awaits new federal gov't offer to buy Wellington St.
The City of Ottawa has yet to receive another federal offer to buy Wellington Street, nearly a year after it rejected an initial bid. One of the biggest obstacles may be determining what the prime real estate is worth.
London endorses downtown conversion incentives
A proposed office-to-residential conversion incentive program for downtown London was unanimously endorsed by city council’s planning and environment committee on Wednesday. The city plans to set aside $10 million for the conversion grant.
Toronto edges Vancouver on highest hotel rates
Toronto barely nudged out Vancouver as the Canadian city with the highest average hotel prices in January. Visitors to Canada's largest city faced an average daily room rate of $203.70, or $0.43 more than Vancouver hotels charged guests.
Calgary could auction tax-delinquent properties
Calling it a last resort to recover outstanding property taxes, the City of Calgary is preparing to auction off tax-delinquent properties this spring. The city has released a tentative list of 139 properties that could be sold on April 24.
iCON, CDPQ new shareholders in QSL
QSL International Ltd. announced the arrival of new shareholders: funds advised by iCON Infrastructure, CDPQ and the QSL management shareholders already active in the company's capital. iCON is a long-term investor focused on infrastructure businesses in Europe and North America.
Ont. residential builders pushing for affordable housing
Ontario’s residential builders are hoping that the upcoming federal budget includes specific measures to address housing supply and affordability. One is to help first-time buyers purchase newly built homes instead of being priced out of their preferred markets.
Some B.C. tenants see threat in push for density
ANALYSIS: B.C.’s moves to boost density around transit hubs and throughout so-called single-family zoned areas of the province must be introduced in tandem with better tenant protections, a panel at the Union of B.C. Municipalities heard last week.
ANALYSIS: It looks like renters are ditching Ontario
In 2020, Ontario began to see an exodus of people moving to other parts of Canada. That trend sped up in 2023 and one demographic in particular is heading for the exits: twentysomethings, a group overwhelmingly made up of renters.
FortisBC to invest $696M to promote energy efficiency
British Columbia’s regulated utility FortisBC will be investing $695.8 million over the next four years into rebates and pilot programs to help its customers reduce energy use while cutting their greenhouse gas emissions.
Real estate podcasts
Glenn Way, GWL Realty Advisors: Seizing growth opportunities in CRE, CRE Podcast
Bruce Winder, Retail analyst: Closures and layoffs loom for some, Down to Business
Ugo Bizzarri, Hazelview Investments: 2024 real estate forecast, CRE Podcast
U.S. CRE foreclosures up 97% year-over-year
U.S. commercial foreclosures rose 17 per cent in January from the previous month and 97% from 2023, according to real estate and property data provider Attom. Attom counted 635 commercial foreclosures across the country in January.
Related unveils $12B Hudson Yards casino proposal
Related Cos. has formally requested permission to change its plans for the second phase of its $25 billion Hudson Yards project to include a casino, two supertall towers — one office, one hotel — and a 1,500-unit apartment building.
Fortress sees $1T real-estate debt opportunity
PODCAST: Buyers of distressed real-estate debt stand to make significant gains over the next few years, according to Josh Pack, co-CEO at Fortress Investment Group. “This is going to be a trillion dollar opportunity,” he said.
Valuation haircuts pile up for Atlanta office properties
A host of suburban office properties tied up in a distressed CMBS loan have lost as much as 36.5% of their value, according to Morningstar Credit, as lenders and owners continue to search for a bottom on office prices.
SmartStop closes on a new $650M credit facility
SmartStop Self Storage REIT, Inc. announced today it entered into an amended and restated multi-currency revolving credit facility of up to $650 million with a syndicate of banks including KeyBank National Association and Bank of Montreal.
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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