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Toronto airport hotels key to InnVest portfolio acquisition
Toronto airport hotels key to InnVest portfolio acquisition
InnVest Hotels' largest acquisition since 2007 provides the company with a presence in strategic locations where it previously lacked a strong foothold, says Jeff Hyslop, the company’s senior vice-president, asset management and investments.
True North, George Partners, Terrain Dev. form Kadus Group
It may be the new kid on the block, but Kadus Group already boasts 75 years of experience in Canada’s real estate development scene and $400 million in projects on the go.
Leon’s to build nearly 4,000 housing units on T.O. outskirts
Leon’s Furniture plans to turn a 40-acre parcel of land that lies between Highways 401 and 400 on the outskirts of Toronto into nearly 4,000 new homes, including rental apartment buildings, single-family houses, townhouses and condos.
Dream Office puts Toronto office tower on market
Dream Office REIT has hired CBRE Group and Toronto-Dominion Bank to market 438 University Ave. Dream Office also remains open to offers for another building at 655 Bay St., which was put up for sale more than a year ago.
Downtown Calgary office vacancy rate only 20%: Barclay
In its year-end Downtown Office Market Analysis, Barclay Street Real Estate said Calgary's downtown office vacancy rate sits at 20.8 per cent, while 26.1 per cent of office space is available for a lease or sublease.
Five-building Gerrard-Carlaw South TOC unveiled
Infrastructure Ontario and Metrolinx are bringing the Gerrard-Carlaw South transit-oriented community (TOC) in Toronto's South Riverdale neighbourhood. The SvN-designed mixed-use community will include seven-, 11-, 12- and 23-, 30- and 39-storey buildings comprising 1,314 residential units.
Three Ottawa towers poised for approval
Three high-rise buildings by Theberge Homes could soon tower over Ottawa's Central Experimental Farm after city planners decided the shadows they'll cast won't compromise the agricultural research conducted there. The towers would stand, 24, 24 and 32 storeys.
One Yonge coming to downtown T.O.
The One Yonge development at the Toronto Waterfront will feature more than 2,200 condominium suites between the three residential towers and the buildings will anchor the master-planned 4.4 million square foot development of Pinnacle One Yonge.
Marcus & Millichap releases investment forecast report
Marcus & Millichap (MMI-N) has released its 2024 Canada Investment Forecast Report. The report provides a detailed national economic perspective and multifamily, retail, office, industrial and hospitality sector overviews for major markets throughout Canada.
Up to a quarter of Okanagan wineries on the market
British Columbia’s wine industry has enjoyed decades of boom times, but, in the wake of a string of challenging seasons, up to a quarter of the Okanagan’s wineries are now up for sale.
Quebec sawmills losing money as lumber demand drops
Sawmills in Quebec have not turned a profit for more than a year due to the drop in demand for lumber, according to industry experts. The profitability of sawmills is tied to housing starts, themselves influenced by interest rates.
Ottawa Real Estate: 2023 trends, optimism for 2024
GUEST SUBMISSION: As we step into the dawn of a promising New Year, real estate enthusiasts eagerly anticipate what lies ahead after a year dominated by the ebb and flow of interest rates.
Battistella proposes four-storey mixed-use in Calgary
Battistella Developments has proposed a four-storey mixed-use project in Calgary's Inglewood neighbourhood. Blues by Battistella would replace Calgary live-music venue The Blues Can on Calgary's Music Mile along Ninth Avenue S.E.
B.C.’s upzoning results are highly uncertain: Experts
ANALYSIS: One of the biggest questions going into 2024 is how the B.C. government’s new legislation to significantly boost density will play out, and it’s a question on a lot of minds.
Overhauled zoning bylaws will change Ottawa forever
OPINION: The City of Ottawa is about to begin the largest overhaul of its zoning bylaws in a quarter-century, one that will profoundly change the way the city builds and grows.
Halifax wants to change planning rules for housing
VIDEO: One recommendation would be to allow residential buildings in certain areas be as high as 40 storeys. Another would allow four units or more per lot regardless of the type in most residential zones in the urban service area.
American Healthcare REIT launches U.S. IPO
American Healthcare REIT today announced the launch of its public offering of 56,000,000 shares of its common stock pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission.
Short sales begin to hit office market
Investors raised billions of dollars last year as they awaited distressed CRE to come to market at steep discounts. However, they found few opportunities as office owners largely found ways to hold onto their properties. That’s now starting to change.
Investors are banking on conversions
With many businesses re-evaluating office footprints amid changing work patterns, leasing is falling in cities across the world. Global office leasing volumes are around six per cent lower year-over-year and 24 per cent lower than pre-pandemic levels, JLL reports.
China Evergrande ordered to liquidate
A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, dealing a fresh blow to confidence in the country’s fragile property market as policy-makers step up efforts to contain a deepening crisis.
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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