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InterRent remains positive in slow transaction market
InterRent remains positive in slow transaction market
Despite posting a net loss of $54.56 million in its third quarter ended Sept. 30, there were positive messages coming from InterRent REIT (IIP-UN-T) executives during its Nov. 1 conference call to discuss its financial results and business initiatives.
QuadReal buys U.S. portfolio, creates Article Student Living
QuadReal Property Group has become the sole owner of one of the largest student housing providers in the United States, and is rebranding the 20,000-bed CA Student Living (CASL) business as Article Student Living.
Ontario plans $3-billion infrastructure bank
The Ontario government says it intends to launch a provincial infrastructure bank with $3 billion in initial funding, one of few new initiatives outlined in a fall economic statement warning of an unsteady economy and a worsening provincial deficit.
Geography, growth spur $300M Hamilton arena redev.
Chairman/CEO Tim Leiweke said Oak View Group, the company putting $300 million into a Hamilton arena development, is “trying to see the future” and relying on the geography and growth of the GTA for success.
Southlands Tsawwassen bridges farming, residential living
It took over a decade for Century Group to get shovels into the ground at Southlands Tsawwassen agricultural community, but the developer is now making steady progress with over 10% of housing being built and new releases coming to market.
Grmada proposes two 60-storey towers in Markham
Grmada Holdings Inc. has proposed two 60-storey mixed-use towers at 7509 through 7529 Yonge St. in Markham. The Graziani + Corazza Architects-designed towers would include a total of 1,330 residential units in addition to retail space.
Currie Barracks transforms from military base to urban village
Calgary’s Currie Barracks opened in 1933 as a military base in the southwest edge of the city. Today the site is seeing the creation of three inner city communities: Garrison Woods, Garrison Green and Currie.
Wonderland owner Cedar Fair merging with Six Flags
Canada's Wonderland owner Cedar Fair and Six Flags are merging to create an expansive amusement park operator with operations spread across 17 U.S. states, Canada, and Mexico. The combined company, worth more than $3.5 billion, will boast 51 properties.
PCL Solar secures $1.4 billion in new projects
PCL Construction's solar unit is expanding its reach across North America after securing $1.4 billion in new projects. PCL Solar has contracted for work on eight new solar installations in Canada, the U.S. and Australia.
5 top towns for real estate investors in 2024
For pragmatic commercial investors Edmonton means opportunity, especially for multifamily investors. The average apartment building sells for $134,000 per door, according to Avison Young, which notes record levels of immigration are driving apartment demand.
21st Costco location opens in GTA
As the 21st Costco (COST-Q) location in the GTA opened Thursday in Rexdale, retail analysts say its popularity is expected to continue as Canada enters a technical recession and business still struggles to revive itself from the pandemic.
Showdown brews between cafés, remote workers
“Some people will just buy one tea or a cup of coffee and sit there for the whole afternoon,” said Alexandre Séguin, co-owner of Montreal’s Café Pista. Some owners have started curbing Wi-Fi to keep customers flowing in and out.
Ottawa's plan to speed office conversions pass committee
An Ottawa city committee has approved a plan to lower fees and streamline the approval process for turning vacant offices into residential units, and directed staff to pilot a financial incentives program for downtown office-to-residential conversions.
Esquimalt to require developers to assist displaced tenants
This week, Esquimalt, B.C., council adopted a tenant assistance policy that would require owners to help renters being evicted due to the demolition or renovation of rental buildings of five units or more.
JLL pushes back projections for CRE recovery
JLL performed slightly better than expected in Q3 despite the extreme slowdown in transaction activity, but its outlook is gloomier than it was three months ago. Its net income dropped more than 57% in Q3 to $59.3 million US.
Seattle office space demand is lowest among U.S. cities
Demand for office space in Seattle is the lowest among all cities measured in the VTS Office Demand Index report. Seattle experienced the greatest quarterly decline in demand with a 43% drop quarter-over-quarter and 52% drop year-over-year.
Emerging trends in CRE for 2024, beyond
The commercial real estate industry is facing a post-pandemic era of higher interest rates, slower economic growth and the realization that hybrid work schedules are here to stay with wide-ranging impacts on the nation’s office sector and downtowns.
Brookfield fires C&W on U.S. listings after deal fails
Brookfield Asset Management (BAM-T) has fired Cushman & Wakefield Plc from handling its office and logistics listings in the U.S., after Cushman backed away from a deal to shift some of its offices to Brookfield’s redeveloped 660 Fifth Ave., sources say.
Real estate stocks soar as Fed rate hold sparks relief rally
Real estate stocks were the second best-performing sector in the S&P 500 Index on Thursday after the Federal Reserve’s decision to hold rates steady sparked optimism that the central bank could be nearing the end of its tightening cycle.
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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