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MTRPL buys Montreal office, retail building from Allied
MTRPL buys Montreal office, retail building from Allied
Montreal’s MTRPL has bought a Saint-Laurent Blvd., mixed-use office and retail building in a prime location in its hometown from Allied Properties REIT. The nine-storey building at 4446 Saint-Laurent Blvd. was built in 1915.
Space-crunched Toronto debates parking versus housing
Toronto’s Danforth Avenue is the sort of place where lots of people want to live – and the sort of place where city planners want them to live. The area east of the downtown has plenty of shops and restaurants.
Burnaby and New Westminster building downtown growth
Both cities anticipate bustling futures defined by population growth and redevelopment. New Westminster is already the second-densest city in Canada and, within the Lower Mainland, it’s expected to be the fastest-growing city in the decades ahead.
OMERS to stop direct private equity investments in Europe
The Ontario Municipal Employees Retirement System will stop making direct private equity investments in Europe as the pension fund overhauls its operations there, according to people familiar with the matter.
New-build housing investors are still needed in Calgary
Amid a housing affordability crisis, new construction is essential to meet the demand of Calgary’s growing population. As home-ownership costs rise beyond the reach of many, investor buyers in the new-build condo market play an important role in securing supply.
Feds to support $650M Portage Place redevelopment
The final pieces are coming together to facilitate the redevelopment of downtown Winnipeg's Portage Place mall. True North Real Estate Development has until the end of this month to exercise its option to embark on the $650M redevelopment.
Yonge subway route change proves profitable for developers
When Premier Doug Ford’s administration unveiled its plan to extend a Toronto subway line to Richmond Hill, it looked different from what the previous government intended to build. Instead of going straight north, a portion would swerve off Yonge Street.
$300M Trudel project ready to move forward in Quebec City
Quebec City has announced the public consultation process on the Dorchester block development project in Saint-Roch, where the Trudel group plans to build a hotel, housing, businesses and a grocery store, all worth around $300 million.
TO staff don't support $421M St. Lawrence Centre redev.
A $421-million plan to redevelop Toronto's aging St. Lawrence Centre for the Arts is now in jeopardy after city staff have recommended scrapping the project due to “outstanding financial risks.”
Six towers of 50 to 60 storeys proposed near Ajax GO
VanDusen Realty Holdings Corp. has proposed a major project within walking distance of Ajax GO station. The plans would see 3,727 residential units built alongside 15,000 sq. ft. of retail and 23,000 sq. ft. of office space.
10 storeys to be added to 1906-built apts. — while tenanted
Toronto's oldest apartment building appears set to get a brand new life. A Dutch developer, ProWinko, is planning on adding 10 storeys to an existing low-rise heritage building in the Annex — while the current tenants continue to live inside.
Retail to residential transition: the changing face of malls
Apcon Group, a real estate developer based in the Fraser Valley, has been creating a mixed-use project called The Hive next to Willoughby Town Centre. As a newer retail shopping centre, it was positioned as a “walkable lifestyle centre.”
Alberta wants data centres — but power is a sticking point
The provincial government is trying to sell Alberta as a prime location for data centres — buildings that store and process digital information. But the cost of power in Alberta may hinder these ambitious plans, one data centre CEO argues.
Vancouver builders wave red flag over soaring dev. fees
OPINION - In an act of desperation, Metro Vancouver’s development community has embarked on a letter-writing campaign calling on the regional government to reconsider major fee hikes on new residential development.
How Mohawk brokered its way into Hamilton brow lands plan
Mohawk College orchestrated the massive deal for Hamilton’s brow lands that will see the school get back part of the property it lost when the province backed out of an agreement to sell it for campus expansion.
Hurricane Helene threatens $426B of commercial property
Hurricane Helene slammed into Florida’s Gulf Coast Thursday night, as a sprawling Category 4 storm. Moody’s estimates that 161,849 commercial buildings with an estimated value of $426B are in the path, risking property damage.
Jersey City landlord explores options for $450M property
Veris Residential is exploring options including a possible sale or refinancing for roughly $450 million of apartments near Jersey City’s waterfront. The property has 762 units with a 97 per cent occupancy rate.
RE market hits ‘inflection point’ even as offices lag: BGO
Many parts of the commercial-property market have started to hit a bottom, but offices remain an outlier, according to real estate investment firm BGO, which oversees more than $80 billion.
Marcus Partners buys 1.2M-sq.-ft. industrial portfolio
Marcus Partners acquired a 1.2-million-sq.-ft., 25-building light industrial portfolio on 97 acres in Southern New Jersey and Bucks County, Pa. Collectively known as Crossings Light Industrial Portfolio, the properties are 95 per cent leased
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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