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Huge CN headquarters lease payoff for Kevric office tower reno
Kevric office tower reno secures huge tenant: CN's HQ
Kevric has secured one of the largest new leases in North America in 2024: CN will move its Montreal headquarters to the newly renovated 600 De La Gauchetière office tower, taking over 440,000 square feet over 18 floors.
Prime Group buys second Cdn. self-storage site, in Burnaby
Prime Group Holdings, LLC has made its second Canadian acquisition with the purchase of a 1,018-unit self-storage facility comprised of 67,476 rentable square feet and 63 parking spaces in Burnaby, B.C.
Brookfield Corp. CEO predicts more deals incoming
Brookfield Corp. posted a five per cent increase in distributable earnings, beating analysts’ estimates, as higher profits in its insurance business helped offset a soft patch for Brookfield Asset Management Inc.
Feds warn City of Ottawa not to hike development charges
Federal Housing, Infrastructure and Communities Minister Sean Fraser has a warning for Ottawa city council: increase the development fees charged on new homes and you'll say goodbye to federal infrastructure money.
Calgary's Eau Claire Market faces uncertain future
In the beginning there were high hopes creating the Eau Claire Market, a shopping and dining hub on a prime slice of real estate. would spark a revolution in a downtown Calgary moribund after the office towers emptied.
Vancouver's Kingsgate Mall marks 50 years
Kingsgate Mall may not be long for this world — Vancouver's Broadway plan identified it as a suitable site for 25- to 30-storey towers — but for now it soldiers on and recently marked its 50th anniversary.
Optimism grows for Edmonton’s Whyte Avenue
A popular retail and hospitality strip along Whyte Avenue in Edmonton is experiencing a transformation with several opportunities for new tenants or owners. Marcus & Millichap's Kevin Glass said COVID beat up Whyte Avenue for a couple of years.
Dream Industrial prepares for extended high rates
VIDEO: Alexander Sannikov, CEO of Dream Industrial REIT (DIR-UN-T) provides a pulse check on the industrial real estate landscape. He says while rents are cheaper in Europe there is still room to run.
Stanford proposes 30-storey condo tower
Stanford Homes has proposed a 30-storey condominium tower at 2775 Jane St., in Toronto’s Glenfield-Jane Heights neighbourhood. Designed by Arcadis, the development would include 451 condo and townhouse units, 251 resident parking spots and 25 visitor spaces.
More Ontarians delaying new home purchases: Tarion
More Ontarians indicated they are delaying purchasing new or pre-construction homes, and the flight from urban centres due to the COVID-19 pandemic may have reversed, according to a survey by Ontario consumer protection agency Tarion.
Renters showing signs of financial strain: Bank of Canada
The Bank of Canada is raising concerns about the impact of higher interest rates on renters, while acknowledging many mortgage holders will also face large payment increases when they renew over the next two-and-a-half years.
Townline builds foundation to cut waste, embodied carbon
Developer and contractor Townline is building a foundation for its sustainability goals and showcasing its work on environmental construction practices with its inaugural sustainability report, the company’s ESG and sustainability specialist Brett Sagert told Sustainable Biz Canada.
Behar Group opens Vancouver, Calgary offices
The Behar Group Realty Inc., Brokerage began as a family business in Toronto in May 1992. Now, after growing to 60 employees in Ontario, the company is expanding its footprint to Western Canada, opening offices in Vancouver and in Calgary.
Real estate podcasts
Mark Rothschild, Canaccord Genuity: Behind REIT valuations, CRE Podcast
Does Edmonton need an entertainment district?, This Is Edmonton
Adam Mitchell, Low Tide: Doing things differently, People Who Perform
Hasbro to open 42K-sq.-ft. American Dream attraction
American Dream is adding onto its experiential retail complex with a 42,000-square-foot concept from gaming giant Hasbro. The Gameroom will feature arcade games, attractions, retail and full-service dining, all defined by nostalgic toys, and expected to open in June.
$1B New Jersey studio project moves forward
Togus Urban Renewal LLC has secured a Film-Lease Partner Facility designation from The New Jersey Economic Development Authority for its 1888 Studios project in Bayonne. It allows future tenants to benefit from increased tax credits for film projects.
South Florida No. 1 in office attendance recovery
South Florida leads the U.S. in office attendance compared to pre-pandemic levels, according to data from Placer.ai. Office visits are just 14% off from April 2019 in the Miami metro area. The U.S. overall remains 32.2% behind 2019 attendance levels.
M&M posts fourth consecutive quarterly loss
Investment sales brokerage Marcus & Millichap recorded a loss of about $10 million in Q1 2024, the firm's fourth consecutive quarter in the red. The Southern California-based firm's loss was up 72.4% year-over-year from a $5.8 million deficit.
Mohr Capital lands 1 MSF lease at Indy industrial park
Cummins Inc., a Columbus, Ind.,-based global power solutions company, has leased a 1.1 million-square-foot recently built class-A building at Mohr Logistics Park, a 475-acre industrial campus developed by Mohr Capital in suburban Indianapolis.
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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