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Toronto luxury condo The One enters receivership
Toronto luxury condo The One enters receivership
The One, a luxury condo development billed as Canada’s tallest commercial condo building, has entered into receivership by a court order because of unpaid debts to senior secured lenders.
Six Toronto TODs to include 5,900 residential units
The Ontario government Thursday unveiled plans to establish transit-oriented developments (TODs) at six upcoming transit stations in Toronto, providing approximately 5,900 new residential units in addition to employment space, retail and public amenities such as parks and libraries.
Crowdfunders invest in Calgary office conversions
In Calgary, two office-to-residential conversion projects, The Cornerstone and the Petro Fina Building, have drawn the interest of more than 1,500 investors, who for as little as $1 have a stake in the revitalization of the city’s downtown core.
ICE District tower shelved, CWB to move to Manulife Place
CWB Financial Group (CWB-T) will move its headquarters to the soon-to-be renovated 36-storey Manulife Place in downtown Edmonton in the wake of a decision by ICE District Properties to delay construction of a planned 16-storey office tower.
Winnipeg may move workers into unleased tower
Hundreds of civic staff could occupy long-vacant floors of an office tower the city purchased as part of the scandal-plagued Winnipeg Police Service headquarters project, but there are concerns relocating the workers could leave other downtown properties empty.
$286M LTC facility planned for Nanaimo area
A new $286-million three-storey long-term-care home is coming to Lantzville, health minister Adrian Dix announced in Nanaimo on Thursday. Island Health will build, own and operate the facility.
London approves York's 53- and 43-storey apt. buildings
A proposal by York Developments to build 53 and 43-storey apartment buildings with 800 residential units on a historic site in downtown London, Ont., received the go-ahead from council on Tuesday. They will become the city's tallest buildings.
Edm. hotels seek ‘stricter’ short-term regulations
The Alberta Hotel and Lodging Association says it supports Edmonton city Coun. Michael Janz’s proposal to amend Bylaw 2002 (Section 60) to introduce more rigorous short-term rental regulations to address the city’s housing crisis.
Construction underway on $750M B.C. logistics project
The Prince Rupert Port Authority is commencing construction on the $750-million Ridley Island Export Logistics Project, which will provide expanded capacity and capabilities for rail-to-container transloading of multiple export products.
'An interesting time': Port of Thunder Bay CEO
AUDIO: Chris Heikkinen, the new CEO of the Port of Thunder Bay, discusses the opportunities and challenges that lay ahead.
Cree Nation breaks ground on Sask. retail plaza
Red Pheasant Cree Nation leaders gathered on Wednesday to break ground on a 17-unit commercial retail project in North Battleford, Sask. The band has been operating a North Battleford gas station and special goods store for about three years.
Dollarama, Shoppers, Metro make valuable brands ranking
Retailers rose to the top of the 2023 Kantar BrandZ Top 40 Most Valuable Canadian Brands ranking. Discount retailer Dollarama (DOL-T) was one of the top three highest-growing brands, along with HomeSense and Winners.
Minto tackles T.O.'s ‘missing middle’ housing at Westshore
Minto Group’s Westshore at Long Branch community in south Etobicoke is aimed at the “missing middle” of young families and mature buyers who wish to stay in Long Branch, but also have proximity to downtown Toronto.
Quebec eyes construction shakeup to boost projects
Amid an affordable housing crunch and push to update public infrastructure, Quebec Labour Minister Jean Boulet says allowing workers to carry out select, related tasks across trades could help accelerate construction projects.
No rationale for Hamilton’s urban expansion: Documents
The Ontario government imposed the largest possible urban boundary expansion on Hamilton despite its own internal assessments suggesting it was unnecessary to take such a big bite out of prime farmland, provincial court filings show.
Personal-use eviction applications up 77% in Toronto
Data shows the number of applications landlords have filed to evict tenants for personal use in 2023 so far has already surpassed the total number of applications in 2022 and is up 77 per cent year-over-year.
Ivanhoé Cambridge opens office in NYC
Ivanhoé Cambridge plans to establish its first business presence in New York City, joining local colleagues from CDPQ and fellow subsidiary Otéra Capital. Ivanhoé Cambridge is seeking to accelerate value creation within its US$28 billion U.S. portfolio.
U.S. CRE loan distress hits 10-year high
Nearly $80 billion of U.S. commercial real estate loans were in distress in the third quarter, the highest volume of distress in the industry since 2013, when Global Financial Crisis loan workouts were still in the system, MSCI reports.
SL Green's sluggish leasing sends stock tumbling
SL Green (SLG-N) likely won't meet its occupancy goals this year, its executives admitted, as leasing for the largest office portfolio in New York City has happened slower than expected, helping lead to a sell-off in the REIT's stock.
VICI acquires 38 bowling centres for $432.9M
REIT Vici Properties (VICI-N) has made a strategic move by diversifying its portfolio into the bowling entertainment sector. In a sale-leaseback transaction, Vici acquired 38 bowling entertainment centres from Bowlero Corp. for an aggregate purchase price of $432.9 million.
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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