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Ottawa's 'unprecedented' office sector challenge
Ottawa's 'unprecedented' office sector challenge
Ottawa’s office market faces a challenge on a scale few other cities have experienced, as the National Capital Region braces for the impact of federal government plans to reduce its real estate footprint 50 per cent during the coming decade.
Elysium, Hepsor buy another multitower Toronto dev. site
Toronto-based Elysium Investments Inc. and its Estonian developer Hepsor AS have partnered on their second acquisition within a month, a one-acre site in the Mount Dennis neighbourhood of Toronto.
Terms of 95-year Therme lease at Ontario Place revealed
Therme, the Ontario Place spa, plans to spend $700M to develop its new building and parkland. The proposal calls for $500M to build a facility and $200M for greenspace. The province is to provide 1,800 parking spaces.
Payworks unveils new eight-acre, $60M Winnipeg HQ
Payworks spent roughly $60 million on eight acres of land and its development in south Winnipeg. Just off Payworks Way, employees drive into a two-storey parkade before entering the five-storey, 94,000-square-foot complex. And there’s room to grow.
First Nations project could have Vancouver's tallest towers
Some of the Metro Vancouver’s tallest buildings could be built immediately adjacent to SkyTrain Rupert Station in East Vancouver, potentially rivalling the heights of Vancouver’s existing tallest building - Living Shangri-La - and various existing towers in Burnaby’s Brentwood district.
Clarington receives application for 1,356 homes community
The Municipality of Clarington said it has received a proposal for the development of a 1,356 homes community in Courtice. KLM Planning Partners has submitted applications on behalf of 2056421 Ontario Inc.
120,000-sq.-ft. industrial underway in Collingwood
A major industrial park is under construction at 180 Mountain Rd. in Collingwood, Ont. The building will be about 120,000 square feet on a 9.8-acre parcel of land at the intersection of Mountain Road and Tenth Line.
Tridel celebrates 90 years past, present and future
Thirty years ago, North York's stretch of Yonge Street was a far cry from the urban corridor it is today. Tridel recognized the area's potential and set out to transform this underdeveloped stretch into a residential and commercial hub.
Ottawa to sell vacant office building. N.S. wants it for housing
The federal government has initiated a building disposal process that could potentially see a vacant 61,000-square-foot office building in Dartmouth, N.S., turned into housing for homeless people. The building has been unoccupied for years.
35,000-sq.-ft. Adidas Vancouver flagship store opening soon
In recent decades, the ground-level spaces of the 1957-built building at 969 Robson Street (750 Burrard Street) have seen various ground-level tenants come and go, from Canada’s first Virgin Megastore (later HMV) and Planet Hollywood to Victoria’s Secret.
Tenant mix a key for retail asset success: Colliers report
A new report by Colliers says tenant mix has long been a consideration when assessing the vitality of a retail asset. The Tenant Mix Blueprint found that almost six-in-10 consumers visit multiple stores on a single outing.
Forest, chalets for a posh private school in Quebec
After a recent purchase, Collège Letendre owns 9.7 million square feet of forest in Mont Tremblant. For about 15 years, the college has wanted to establish a private school in this area for wealthy students from around the world.
SW Ontario population to boom 41% by 2051: Queen's Park
Population estimates by the Ontario Ministry of Finance show Southwestern Ontario is expected to grow from 1.86 million last year to 2.63 million by 2051, an increase of 41.1 per cent and the London region will lead the way.
New town centre proposed in historic Amherstburg
A “transformational” project that would create a new town centre in the heart of historic Amherstburg has been unveiled by Windsor, Ont.-based Valente Development Corp. The proposal would repurpose a former school a few blocks from the historic core.
Altus Group releases its Q3 CRE industry conditions survey
Altus Group has conducted a Canada-wide survey that provides insights into the market sentiment, conditions, metrics and issues affecting the commercial real estate (CRE) industry. Q3 results were derived from a survey of 241 respondents representing 89 firms.
CREFC's latest U.S. sentiment index hits 7-year high
Confidence in the commercial real estate sector improved significantly in Q3 2024, according to the Board of Governors Sentiment Index survey from the CRE Finance Council. The index surged to 121.1, up 18 per cent from 102.4 in Q2.
Eli Lilly invests $4.5B in Indiana R&D, manufacturing centre
Eli Lilly and Co. is expanding its Lebanon, Ind. LEAP Research and Innovation District with the $4.5B development of the Lilly Medicine Foundry, a research and manufacturing facility, raising its investment in the district to $13B.
10 biggest impacts to the data centre market in 2024–2025
The data centre market is forecast to grow rapidly over the next five years. Darius Shroff, project manager at HDR, said the market's value is projected to be $340 billion in 2024, increasing to $438.70 billion by 2028.
Only lenders with deepest pockets can invest in data centres
The rapidly expanding world of data centre development requires massive sums of money, limiting the number of players who can invest in the fastest-growing sector of CRE. Vantage Data Centers recently received a $3B loan to build new facilities.
Asheville, considered climate safe, devastated by Helene
A week ago, Asheville seemed to have it all as one of the fastest-growing U.S. cities and a best place to go to avoid the perils of climate change. In less than 24 hours, all of that was shattered.
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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