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Freed plans striking 63-storey, $800M downtown Toronto tower
Freed plans striking 63-storey, $800M downtown T.O. high-rise
Freed Developments has unveiled its plans for a glass-cladded $800-million, 63-storey skyscraper in downtown Toronto to be known as the Freed Hotel and Residences.
Allied, Westbank, TELUS shuffle ownership of Calgary tower
Allied Properties REIT (AP-UN-T) and its partners Westbank and TELUS have an agreement to reorganize their ownership of one of downtown Calgary’s most iconic high-rise towers, the 60-storey TELUS Sky.
Republic, T.O. agree to 14-tower Scarborough Junction
Republic Developments' mixed-use, master-planned community in Scarborough is one step closer to reality after developers and the City of Toronto came to an agreement last week. The Scarborough Junction plan includes 14 towers ranging from 19 to 58 storeys.
Leyad purchases Montreal warehouse from PROREIT
Montreal-headquartered Leyad has acquired from PROREIT 5655 Rue de Marseille in Mercier-Hochelaga-Maisonneuve, a burgeoning Montreal borough. Spanning approximately 65,000 square feet of gross leasable aea and situated on about two acres of land, the industrial building was constructed in 1968.
‘AltCrest 2.0’ begins with CRE heavyweight board
The founding of a board of directors with three prominent names in Canadian commercial real estate and new fundraising begins a second phase for AltCrest Energy, CEO Ben Gilbank said.
Waterloo purchases land as part of transit hub project
The Region of Waterloo has agreed to spend $19.75 million to purchase property on Victoria Street in Kitchener as part of its planned project to build a large transit hub at King and Victoria streets.
Malahat F.N. announces plans for film studio complex
B.C.'s Malahat First Nation and Victoria-based Alpha Select Production Services have unveiled plans for a film studio complex. The 85-acre site could see as many as six 36,000-square-foot sound stages and a commercial complex with a hotel.
Three First Nations join forces to build Manitoba casino
Three Westman First Nations are taking economic reconciliation into their own hands by signing a memorandum of understanding to open a casino on land owned by Sioux Valley Dakota Nation, about 38 kilometres west of Brandon, Man.
Longtime St. Lawrence market shops are closing
Leila Batten left Toronto's St. Lawrence Market for good last summer. It took several drafts to get the sign right, to find the right words to announce she was closing her shop, Whitehouse Meats, after running it for 30 years.
Retail rebounding despite inflation
OPINION: During the current cost-of-living crisis, a recovery in apparel retailing is underway that points to a return to normality in the wider economy sooner than many economists expect.
FAT Brands to open 40 new locations in Canada
FAT (Fresh. Authentic. Tasty.) Brands, parent company of Marble Slab Creamery and 17 other restaurant concepts, announced a development deal to open 40 new Marble Slab Creamery franchised locations throughout Canada in partnership with Canadian Ice Cream Company.
How the grocery supply chain works
Because consumers don’t really understand the workings of the supply chain, the bulk of the blame for rising grocery prices is often placed on the retailer, said Michael Graydon, CEO of Food, Health and Consumer Products of Canada.
Omni Quality Living acquires Wildwood Care Centre
Omni Quality Living, a portfolio business of the Hillcore Group, announced the acquisition of the Wildwood Care Centre in St. Mary's, Ont. The purchase follows Omni's acquisition of Bear Creek Terrace on March 31, 2023.
T.O. should support lower taxes for rental housing: BILD
OPINION: Toronto Mayor Olivia Chow’s recommendation to lower the budget committee’s proposal for rental property tax increase to 3.5 per cent is another step along the journey, but more is needed to help incentivize the construction of new rental supply.
Edmonton's rental market vacancy rate lowest in decade
According to the 2024 rental market report by the Canada Mortgage and Housing Corporation (CMHC), Edmonton's overall vacancy rate for purpose-built rental apartments dropped to 2.4 per cent in 2023 from 4.3 per cent in 2022.
Condo market faces 'significant slowdown': Urbanation
VIDEO: Shaun Hildebrand, president of Urbanation Inc., said sales of new condominiums fell significantly last year and new construction starts have plunged, with more of the same expected in the coming months due to an erosion in affordability.
CBRE records record high U.S. multifamily deliveries
CBRE reports multifamily deliveries in the United States reached a record high in Q4 2023 as rental growth slowed during the same period. New construction deliveries reached a new high of 140,800 units in Q4 2023.
Retailers increasingly becoming owners in NYC
New York City has seen a slew of luxury retailers acquiring prestigious Fifth Avenue space in recent months — but they aren't the only ones. End users of NYC’s retail real estate are increasingly looking to become owners, new data shows.
U.S. cities can shrug off office vacancies: Fitch
“Commercial real estate is not a key driver of general fund revenues for the majority of local governments,” said Michael Rinaldi, head of U.S. local governments at Fitch Ratings, in an email.
ECB warns of consequences for poor CRE risk management
The European Central Bank is signalling to lenders they may face higher capital requirements if they have an insufficient handle on risks from commercial real estate, according to people familiar with the matter.
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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