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Ottawa mall, site of Canada's largest Canadian Tire, is for sale
Ottawa mall, site of Canada's largest Canadian Tire, is for sale
An Ottawa shopping centre which is home to Canadian Tire’s new flagship quarter-million-square-foot store is being marketed for sale. The 632,700-square-foot Carlingwood Shopping Centre is located along Carling Avenue in the city’s west end.
Water Tower District Wpg.'s shovel-ready industrial dev. site
Construction work, including roads, water and sewers, has begun on Winnipeg’s 165-acre infill mixed-use Water Tower District. The project by Shindico Realty and Calgary-based Olexa sits on a large brownfield site in the St. Boniface community east of downtown.
BGO Industrial REIT acquires interest in 9.4M-sq.-ft. portfolio
BGO Industrial Real Estate Income Trust, a nontraded REIT formed by investment management firm BentallGreenOak, acquired an interest in a 9.4M SF industrial “seed portfolio” of 29 buildings in the U.S. Midwest.
Brookfield hands over keys to Manhattan's Brill Building
Brookfield is walking away from another office building, this time in Midtown Manhattan. Brookfield has transferred the deed to the Brill Building to lender Mack Real Estate Group in a transfer valued at $216.1 million, according to city records.
QuadReal aims to 'gently' urbanize Cloverdale Mall site
QuadReal Property Group has embarked on a project to reimagine the Cloverdale Mall site in Etobicoke. The initiative goes beyond a simple redevelopment, aiming to usher the mall into the future while preserving its role as a community hub.
Diamante proposes TOD near Mimico GO
Diamante Development has proposed a transit-oriented mixed-use development at 21 - 25 Windsor St. in Toronto. The tallest Arcadis-designed building would include two towers rising to 32 and 48 storeys, while seven- and 12-storey buildings are also proposed.
Converting Mtl. office buildings will take gov't cash
Could sparsely populated office towers in downtown Montreal be turned into apartment buildings? Industry experts say don’t bet on it happening en masse — unless city hall suddenly opens up the purse strings to entice builders and developers.
Copenhagen offers example of how Vancouver could plan
ANALYSIS: On a recent sunny day in downtown Vancouver, Martine Reinhold Kildeby, a Danish expert on green development, considers what she would change about the city: “I think it’s problematic where you have areas with only working buildings, not residential."
Mississauga's Erin Mills adding new retailers
A $100-million investment in the redevelopment of Mississauga's Erin Mills Town Centre a few years ago has enticed Cineplex Junction to become an anchor tenant. Other new additions include Marshalls and a Zellers shop-in-store at Hudson’s Bay.
Construction costs, interest rates a hindrance: Homebuilders
While rents in many B.C. cities are soaring higher every month and house prices continue to rise, the number of homes being built is declining, with homebuilders saying interest rates and prohibitive land and construction costs continue to hobble them.
CarbonCure raises $100M for concrete carbon removal
CarbonCure Technologies, a Halifax-based company specializing in trapping carbon in concrete, has raised over $100 million in a funding round led by Zug, Switzerland-based investment firm Blue Earth Capital to support its growth.
OPINION: REITS are hurting. That’s why I’m buying
Nobody knows what will happen to REIT unit prices in the short run, but over the long run I expect Choice Properties (CHP-UN-T) and SmartCentres (SRU-UN-T) will both continue to expand their real estate portfolios and generate growing cash flow.
San Fran's downtown wake-up call for other cities
Manager Jack Mogannam relishes the days when Sam’s Cable Car Lounge in downtown San Francisco stayed open past midnight every night, welcoming crowds that jostled on the streets, bar hopped, window browsed or just took in the night air.
REITs turn to JVs as alternative capital source
REITs have been turning to joint ventures for years as a means to extend their balance sheets. Today’s environment of tighter capital markets and market volatility, though, is expected to generate even more consideration of JVs across the REIT industry.
JPMorgan, Wells Fargo bulk up reserves for office loan losses
JPMorgan Chase & Co. and Wells Fargo & Co. boosted allowances for losses tied to commercial-property loans in the second quarter, driven mostly by their exposure to offices. Wells Fargo flagged a $949 million increase in its credit loss allowance.
Hong Kong investment transactions drop to 19-year low
Hong Kong saw sales of commercial real estate and residential buildings fall to a 19-year low in the second quarter as high interest rates took a toll on investment property transactions.
Feds should adjust rebate program for new home HST: BILD
Government fees, taxes and charges can constitute as much as 25% of the cost of a new home in the GTA. While municipal fees and charges are a significant component, the single largest addition comes from the Harmonized Sales Tax.
Shorter fixed-rate mortgages take spotlight
Rapidly rising interest rates have transformed mortgage preferences as borrowers increasingly opt for shorter-term fixed-rate contracts. Homebuyers are looking to find a balance between predictability and the ability to respond to hopefully lower rates in the years ahead, experts say.
Average apartment rent surpasses $2,000 in Ottawa
The average monthly cost to rent a one-bedroom apartment in the capital surpassed $2,000 a month, as rental rates continued to rise in Ottawa, according to a Rentals.ca report. The $2,003 represented a 15 per cent year-over-year rise.
Alberta home prices jump as newcomers rush in
Calgary — the largest city in the oil-rich province of Alberta — saw its benchmark home price in June rise 1.5 per cent from a month earlier, according to data from the Canadian Real Estate Association released Friday.
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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