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Broccolini to launch sales at second Toronto condo, The Riv
Broccolini to launch sales at second Toronto condo, The Riv
Broccolini is launching sales for The Riv, its second mixed-use condominium on Toronto’s River Street, after three years of work to bring the project to market. The 34-storey, 388-unit condo will be beside Broccolini’s 580-unit River & Fifth.
Vancouver to consider policies to catalyze new hotels
Vancouver Coun. Sarah Kirby-Yung is requesting city council establish new policies that effectively catalyze much-needed new hotel room supply to replace recently lost capacity and establish a meaningful net gain.
WSIB expanding London presence with $100M investment
The Workplace Safety and Insurance Board (WSIB) is following through on its pledge to bring office work to London, Ont. Sources say WSIB is buying the former 3M headquarters and will bring 500 jobs and a $100-million investment.
Spruce Meadows embarks on major expansion
World-class equestrian facility Spruce Meadows, south of Calgary, has ambitious development plans for the sprawling site which include a two-level restaurant, a coffee shop, retail space and a hotel, expected to open in 2025 to mark the facility’s 50th anniversary.
Red Deer Resort & Casino unveils new facility
Red Deer Resort & Casino announced the completion and grand opening of its casino on Sept. 8. The downtown Red Deer, Alta., resort features 241 guestrooms, 15 meeting rooms, a 53,000-square-foot conference centre and a casino.
Mark’s launches two new retail chains
Mark’s, under the Canadian Tire Corporation umbrella, is launching two new brand concepts – industrial-exclusive retail destinations Mark’s WorkPro and L’Equipeur Pro. Four stores are to be launched this year.
Nature's Emporium debuts in Toronto
PHOTOS: Little more than a year after announcing its plans to open a store in Toronto, Nature’s Emporium is entering the market with a 25,000-square-foot space on the second floor of the One York Street mixed-use development.
Hangcha Forklift opening 30K-sq.-ft. Mississauga warehouse
Provider of material handling equipment Hangcha Forklift Canada will celebrate the grand opening of its 30,000-square-foot warehouse at 3500 Laird Rd. #1 in Mississauga on Oct. 3, which will extend the company’s reach throughout Canada.
Morguard Corp. increases ownership in Morguard REIT
Morguard Corporation (MRC-T) announced it has acquired 1,331,821 trust units of Morguard REIT (MRT-UN-T). Following the acquisitions, Morguard (together with Paros Enterprises Limited and K. Rai Sahi) owns 51,866,595 units, representing 80.72 per cent of the outstanding units.
Granite REIT an industrial powerhouse
For those seeking monthly passive income in the real estate sector, Granite Industrial REIT (GRT-UN-T) stands out as an exceptional choice. Industrial properties continue to experience demand in Canada and this is likely to continue in the years to come.
Canadian consumer 'bright spot' for Couche-Tard: CEO
Alimentation Couche-Tard Inc. (ATD-T) president and CEO Brian Hannasch Thursday told analysts the company's Canadian operations led the way for a strong start to the convenience store giant's financial year. U.S. consumers are, seemingly, feeling the financial pinch.
Rate hold could push homeowners into rentals: Realosophy
The Bank of Canada’s decision to hold interest rates at elevated levels could push over-leveraged homeowners into the rental market – driving prices higher in turn, according to John Pasalis, president of Realosophy Realty.
Real estate podcasts
Jason Castellan, Skyline Group of Companies: A SW Ontario success story, CRE Podcast
Tim Kennedy, Lowland Properties: Career shift to the equity side, CRE Podcast
Shimon Shkury, Ariel Property Advisors: Building on great partnerships for success, Tenant Experience Network
Brookfield mulls $2.5B sale of Bahamas resort
Brookfield Asset Management Ltd. (BAM-T) is exploring the sale of luxury resort Atlantis Paradise Island Bahamas, which could fetch roughly $2.5 billion, sources say. The sprawling property includes multiple hotels, a casino, meeting space and a water park.
Amazon investing $11B in rural Virginia county
Amazon Web Services has unveiled $11B in planned data centre investment in Louisa County, Va., a sparsely populated and data centre-less county located more than a two-hour drive south from the industry hub of Loudoun County.
Regional Banks’ CRE exposure substantial
The regional banking sector's risk from distress in the commercial real estate industry appears to be larger than previously known, according to an analysis The Wall Street Journal published Wednesday, posing a threat to the wider economy.
Equity firm scoops up $106M loan on New Yorker Hotel
The debt backed by an iconic Hell’s Kitchen building has changed hands, potentially clearing the path for a new owner. Private equity firm Yellowstone Real Estate Investments acquired the loan on the New Yorker Hotel, valued at $106 million.
GIC weighs sale of Tokyo office tower for over $2B
Singapore sovereign wealth fund GIC Pte is considering the sale of a top-grade Tokyo skyscraper and has approached potential buyers. The 43-storey Shiodome City Center may fetch more than $2 billion US, sources said.
Profit falls 17.3% for Hong Kong's largest developer
Hong Kong’s largest developer Sun Hung Kai Properties Ltd. reported a year-to-date profit decrease of 17.3% mainly due to a decline in profit from sales, as the city’s property market continued to struggle amid interest rate hikes.
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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