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Sutter Hill buys 50% interest in 110 Yonge office tower
Sutter Hill buys 50% interest in 110 Yonge office tower
Sutter Hill Developments has shown its confidence in the post-COVID downtown Toronto office market with its acquisition of a 50 per cent interest in 110 Yonge St., a 20-storey class-A tower.
Canderel to continue growing its Toronto presence
Canderel is set to launch sales for Bayview at The Village condominiums, its latest GTA multifamily development. “Toronto continues to be a real magnet for global talent and I see that continuing for years,” CEO Brett Miller said.
Alterra proposes 10-storey condo building
Alterra Developments is envisioning a 10-storey condominium building in Etobicoke Centre, steps from two subway stations along the Bloor-Danforth line. The Richmond Architects-designed building would bring 123 units to the growing neighbourhood: 91 one-bedroom, 19 two-bedroom and 13 three-bedroom suites.
Van. rejects Bastion’s 11-storey condo building
Vancouver city hall recently rejected Bastion Development‘s proposal for an 11-storey condo building at Broadway and Arbutus in a case many knowledgeable observers described as highly unusual as most public comments the city regarding the project were favourable.
Fast + Epp builds its own new mass timber head office
Vancouver-based structural engineering firm Fast + Epp will be using a home-grown product, B.C. timber in its new four-storey head office. The project is being supported in funding through Natural Resources Canada’s Green Construction through Wood Program.
Saanich mayor renews push for casino complex
Saanich Mayor Fred Haynes is renewing a push to bring a casino to the region’s largest municipality. A potential casino proposal would also include a hotel, restaurants and an entertainment complex.
CDPQ, FFL acquire New Look Vision Group
• Canada Newswire • News Optimist
New Look Vision Group Inc. (BCI-T) will be acquired by Caisse de dépôt et placement du Québec, FFL Partners, LLC. a San Francisco-based private equity firm, and the Dr. H. Doug Barnes Family. New Look Vision owns 406 stores.
Caisse should reconsider REM heavy-handedness
OPINION: The Caisse’s objective of maximizing a return on its investment might not always be what’s in the public’s best interests when it comes to its plans for the REM de l’est, a second branch of the electric train network.
Retail photo tour: Montreal’s Sainte-Catherine Street
Retail Insider continues its Photo Tour series with Sainte-Catherine Street in Montreal beginning at Crescent Street and continuing east to Aylmer Street.
35% of Que. construction workers leave within 5 years
About 35 per cent of those who enter the construction industry leave it within five years, and that number is higher among women, according to a report prepared by the Commission de la construction du Québec.
Restaurants on edge, 50% may not survive
VIDEO: Todd Barclay, president and CEO of Restaurants Canada, speaks with the Financial Post’s Larysa Harapyn in the video below about the ongoing challenges Canadian restaurants face.
Podcasts from the real estate world
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Brian Kimmel, First National: COVID-19 and seniors housing, CRE Podcast
Courtney Cooper, Alate Partners: Proptech in Canada, REALtalk: Episode 21
Kelly Lin, Terra Housing: A sense of purpose, Highview Partners People Who Perform: Season 2 Episode 6
Google to spend $7B on data centres, offices in 2021
Google says it plans to spend more than $7 billion on real estate across the U.S. in 2021. Google said the money will go toward expanding offices and data centres across 19 states. Some $1 billion will go specifically toward California.
Dalfen acquires 76 acres in Nashville for development
• PR Newswire • RENX
Montreal-based Dalfen Industrial announced the purchase of approximately 76 acres in Nashville, directly east of the Nashville International Airport. Dalfen plans to develop the land into a three-building industrial park totaling 739,950 square feet. The land was purchased from FedEx.
U.S. hotels show signs of life
After the hotel industry’s worst year on record, a long-awaited recovery is finally approaching. Occupancy rates at U.S. hotels reached 52 per cent last week, the highest since lockdowns began, according to lodging-data provider STR.
U.S. retailers seize the moment to open stores
• CNBC
For the first time in years, retailers across the U.S. are planning to open more stores than they are closing. From Ulta Beauty and Sephora to Dick’s Sporting Goods, businesses are dusting off expansion plans that were put on hold.
Fonds, C Hotels partner on condos, health centre
The Fonds immobilier de solidarité FTQ is teaming up for the first time with C Hotels, a well-known developer in the hotel industry, on OMÉGA CONDOS URBAINS, which will offer 15 condo units and a NOAH SPA health centre.
Average February rent in Canada down 6% YOY
The average rent for all Canadian properties listed on Rentals.ca in February was $1,714 per month, down six per cent from $1,823 year-over-year. That marks the lowest annual decrease reported in the past nine months.
Toronto redrawing map, creating 34 new neighbourhoods
For the first time in more than 20 years, the City of Toronto is redrawing its map and creating 34 new neighbourhoods to account for population growth. Toronto, which has 140 officially recognized neighbourhoods will end up with 158 later this year.
Montrealers leaving the island for the suburbs
• CTV • Montreal Gazette
The majority of Montrealers who have left the city for the suburbs have been living on the outskirts of the city, according to a report released Thursday by Canada Mortgage and Housing Corporation (CMHC).
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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