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Globizen plans 3-tower dev. in Ontario's famed wine region
Globizen plans 3-tower dev. in Ontario's famed wine region
Brandon Donnelly founded Globizen in 2015 but also held executive roles with Slate Asset Management until transitioning to focus exclusively on his own endeavours this year. One of these projects is a multi-tower development in Vineland, in Ontario's wine region.
Conversion of Halifax office space ramps up
Halifax is among the cities ripe for conversion of commercial buildings into residential units, according to a report that studied 12 real estate markets across Canada. The report says Halifax needs 20,000 units and construction can’t happen fast enough.
Simons to open two new urban Toronto stores in 2025
Simons announced two new urban stores will open in Toronto at Yorkdale Shopping Centre and CF Toronto Eaton Centre, marking its 18th and 19th establishments in Canada. The new stores are set to open in fall/winter 2025.
AWIN Group proposes 23-storey mixed-use in Thornhill
Developer AWIN Group of Dealerships has proposed to replace its existing Land Rover and Jaguar dealerships with a 23-storey mixed-use condominium development that would include a new auto dealership in its base at 8790 Yonge St. in Thornhill.
Downtown Saskatoon office vacancies fall to 12.8%
Office vacancies in downtown Saskatoon fell from 24.2 per cent in Q4 2021 to 18.7 per cent in Q4 2023, according to Colliers statistics. The situation further improved in Q1 2024, with the vacancy rate across Saskatoon dropping to 12.8%.
'River district' rising in downtown London
The river district, home of the Riverwalk apartment tower, is the name Adam Carapella, vice-president of Tricar Group, has given the London neighbourhood that’s close to the fork of the Thames. All 240 of Riverwalk’s units are leased, he said.
Van. sees spike in foreclosures of smaller developers
ANALYSIS: Industry experts are seeing an unprecedented number of foreclosures among the lesser-known and generally smaller developers in Vancouver – and they don’t see any reason for the trend to curb any time soon.
Feds, Ontario take steps to ease the housing crisis
Residential Landscape Column: For years – since long before the pandemic – new homebuilders and developers in Ontario have been asking all three levels of our governments to take action when it comes to lack of affordability and lack of supply.
New developments concern Moss Park business owners
With a high-rise preparing to begin construction seemingly around every corner, Mystic Muffin owner Elias Makhoul has seen Toronto neighbourhood Moss Park reduced to a “boring skyline of grey and white structures” that are slowly swallowing the community.
Is Van. on the brink of becoming a retail dead zone?
Mine & Yours luxury consignment’s original location on Howe Street in Vancouver’s downtown core is shutting down at the end of the month after crime forced their hand, said owner Courtney Watkins. Watkins said the store’s problems are not unique.
Owner of Mtl. building where 7 died to get $2.7M
A Quebec Superior Court judge has ordered four insurance companies to pay $2.7 million to the owner of the building in Old Montreal where seven people died in a fire last year.
Que., B.C., P.E.I. lead provinces on clean economy transition
A report card grading Canada’s provinces on the conversion to a low-carbon economy found Quebec, British Columbia and P.E.I. as the best performers, with Canada overall receiving a C grade.
Canada’s food halls on track for more growth
Food halls have turned Canada’s approach to commercial and communal dining spaces upside down as they spread. These days, most of the country’s major cities have at least one food hall and many think this is just the beginning.
The food fight for Swiss Chalet’s owner
A bruising, years-long battle for control of Cara Operations Ltd. pitted PJ Phelan and his son against two of his daughters, Gail and Rosemary. It ended in 2003 with the women winning control through a debt-funded buyout.
Caisse sells stake in Budapest Airport in $6.4B deal: Sources
Hungary and French construction giant Vinci SA are buying Budapest Airport Zrt. in a $6.4 billion deal, according to sources. This includes a stake of 21.23 per cent held by the Caisse de dépôt et placement du Québec.
Moody’s may cut six U.S. banks on CRE exposure
Moody’s Ratings said at least six U.S. regional banks with a substantial exposure to commercial real estate loans - First Merchants, F.N.B., Fulton Financial, Old National Bancorp, Peapack-Gladstone Financial and WaFd - are at risk of having their debt ratings downgraded.
Prologis steps into data centre, life sciences sectors
Logistics giant Prologis recently launched a dedicated data centre arm that could create a $25 billion US portfolio. And in the U.K., Prologis is building a life sciences campus that has a potential end value of $638 million.
97% of investors to focus on data centres: Survey
Ninety-seven percent of those participating in CBRE’s Global Data Center Survey said they plan to funnel more money toward data centres this year, up from 89% in 2023. The remainder said they would maintain their current allocations.
Real estate bidders are returning: Blackstone executive
Liquidity is coming back to the real estate market, with high-quality assets drawing more bidders than even a few months ago, according to Nadeem Meghji, Blackstone Inc.’s global co-head of real estate.
U.S. publicly traded REITs rebounded in May
On the heels of a rough month of April, the FTSE Nareit All Equity REITs Index mounted a comeback in May with total returns up 5.29%. Year-to-date, total returns for the index stood at -4.31% at the end of May.
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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