Housing takes centre stage at NAIOP IWD event

“There's no industry that's going to have a bigger impact on the soul of this country than the housing industry,” according to Dream Unlimited Corp. head of affordable housing and public affairs Ana Bailão.

Marketing Barbieland in the CRE Kendom

GUEST SUBMISSION: A special International Women's Day first-person commentary: The commercial real estate Kendom has ruled for quite some time now, but there is no shortage of Barbies longing for a change.

Retail sector to face challenges in 2024: CBRE report

The Canadian retail landscape is poised for change in the year ahead as consumer behaviour and spending patterns will test retailers and push for innovation as they compete to remain top of mind for shoppers, according to a CBRE report.

Morguard sells 181 Queen St. in Ottawa for $125.3M

Morguard Corporation (MRC-T) announced it will be selling its 181 Queen St. office property in Ottawa to Public Services and Procurement Canada (PSPC) for $125.3 million.

Eight-storey Scarborough office building listed for $39.5M

An eight-storey office building in Scarborough placed under receivership in November is listed for $39.5 million. The Bank of Nova Scotia initiated receivership proceedings against the owner, 55 Town Centre Holdings Ltd., over defaulting on $26.6M in loans.

Pinedale proposes 69-storey condo/rental building

Pinedale Properties has proposed a 69-storey tower at 137 through 141 Isabella St., near Sherbourne Station in downtown Toronto. The BDP Quadrangle-designed condominium and affordable rental tower would comprise 823 residential units.

Housing co-ownership pioneer Ourboro plans national growth

Ourboro, a Toronto-based shared equity investing company, says it is introducing a co-ownership model for housing to Canada that aims to widen access to shelter and intergenerational wealth.

Canmore approves 6.6-acre Three Sisters dev,

A 6.6-acre development, which will be part of the controversial Three Sisters Mountain Village in Canmore, has been approved by the mountain community’s town council. The approval paves the way for a handful of mixed-used developments.

Calgary Construction Association alarmed by worker shortage

"I don't know if I've ever seen the residential industry as heightened in their concern as it is. It's because the demand keeps increasing. But commercial (construction) is feeling it just as bad," says Calgary Construction Association president Bill Black.

Calgary councillors aim for rezoning proposal plebiscite

Six Calgary city councillors are hoping to take the contentious issue of citywide rezoning - a method to boost density in previously developed neighbourhoods that currently only permit single-family housing - to a plebiscite during the next municipal election.

Italian Centre Shop opening 22K-sq.-ft. Calgary store

Italian Centre Shop is opening a second location in Calgary. The Alberta grocer recently announced plans for a 22,000 square-foot store at the Northland Village Mall, which is currently being redeveloped into an open air shopping centre. 

Sleep Country to be 'opportunistic' after 'bumpy' quarter: CEO

President and CEO Stewart Schaefer says Sleep Country Canada (ZZZ-T) will be “opportunistic” when making moves in the near term, as the company looks to bounce back from a disappointing quarter.

Garage below collapsed Florida condo had faulty columns

Federal investigators determining why a Florida condominium tower partially collapsed three years ago, killing 98 people, said Thursday there were many faulty support columns in the tenant garage that ran below it and the adjoining pool deck.

Fourth crane accident incident in Vancouver this year

In 30 years of working in construction, Josh Towsley says this is a first, after Metro Vancouver saw its fourth crane accident since the start of the year. "I've been involved in construction since I was 19 years old ... and I have never seen a run like this in our industry," he said.

Real estate podcasts

Brady Welch, Slate Asset Management: The four pillars of real estate success, CRE Podcast

Eric Sherman, First Capital REIT: From summer student to executive, The Interview Series 

Kim Petrin, City of Edmonton: Shaping the future of urban development, CRE Podcast

REIT fourth-quarter financial results

Automotive Properties REIT, (APR-UN-T), Canada Newswire

Minto Apartment REIT, (MI-UN-T), Canada Newswire

Aldi plots $9B expansion, including 800 new stores

Discount grocery chain Aldi is planning a $9B expansion that will open 800 new U.S. stores by the end of 2028. Some of the locations are former Winn-Dixies and Harveys Supermarkets Aldi acquired in its acquisition of Southeastern Grocers.

Retailers like Macy's are trapped: Ex-Sears Canada CEO

VIDEO: Mark Cohen, former CEO of Sears Canada and director of retail studies at Columbia Business School, joins BNN Bloomberg to talk about the changing retail landscape amid a flurry of store closures.

Fed's 'arcane' rate hikes hurting CRE: Starwood Capital CEO

The commercial real estate market is hurting, and that's largely thanks to the Federal Reserve's aggressive rate hikes which have battered the economy, real estate investor and Starwood Capital CEO Barry Sternlicht says. 

U.S. office real estate challenges abound

AUDIO: Rich Byrne, Franklin BSP Realty Trust CEO and Benefit Street president, tells Bloomberg there are opportunities in commercial real estate, but proceed with caution, especially when it comes to office real estate. Bloomberg Radio's Denise Pellegrini reports.