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Slate prepares to launch Steelport, Corktown in Hamilton
Slate prepares to launch Steelport, Corktown in Hamilton
Slate Asset Management is bullish on the Hamilton market. The proof is in two major developments it is preparing for launch, the Corktown condo towers and the 800-acre Steelport industrial property.
Estonian developer Hepsor gets right to work in Canada
Talinn, Estonia-based developer Hepsor AS launched a Canadian subsidiary earlier this year and hasn’t wasted any time in becoming involved with its first projects.
Markee JV project could include 12 apt., condo buildings
Markee Developments' newly green-lighted joint venture plan in Toronto's Bayview neighbourhood envisions more than 1,500 rental and condo units. Tyndale Green - which includes co-partner Tyndale University - would feature a dozen or so proposed buildings ranging from six to 24 storeys.
Developers seek extensions on downtown Van. towers
Progress has stalled on three large downtown Vancouver residential high-rises — totalling more than 900 new homes and $52 million in cash payments to city hall. On Tuesday, Vancouver council will consider deadline extension requests from the developers.
Downtown Edmonton retail spaces 1/3 vacant: Study
Just over one-third of street-facing retail spaces in Edmonton’s downtown are vacant, according to a University of Alberta report. Restaurants, cafes, fast food and other hospitality businesses make up the largest share of occupied spaces.
Winnipeg's Sandman hotel finally proceeding
Northland Properties’ Sandman Signature facility, which broke ground in 2018 near the Winnipeg Richardson International Airport, is expected to open its doors in 2025. The 127,540-square-foot project was delayed due to the pandemic and supply chain issues.
Vertical farm to bring new life to Man. building
Brandon Fresh Farms Inc. is aiming to bring life back to the iconic McKenzie Seeds building in Brandon, Man., and make it home to a 120,000-square-foot vertical farm with a $30-million investment.
Six-storey mixed-use proposed for Port Moody
A proposed six-storey mixed-use building in Port Moody would include 15 below-market rental, 15 market-rental units and 30 condominium units. The Mara & Natha Architecture-designed building would also include 12,000 square feet of office and 3,000 square feet of co-working space.
Couche-Tard’s ambitions welcomed by investors
Investors pushed Alimentation Couche-Tard's (ATD-T) stock to an all-time high during Friday's session, after the mid-week unveiling of the Laval convenience store chain's new five-year strategic plan. This plan shined a spotlight on the company's growth potential through 2028.
How to navigate the ESG space as an investor
Leading figures from Canada’s ESG data and finance sectors sought to offer advice about navigating the challenges surrounding ESG-focused investing at the Retail Council of Canada's inaugural Retail Sustainability Conference, such as acquiring data and ESG standards.
Manitoba Métis sue over failed Wpg. building purchases
The Manitoba Métis Federation is suing the National Research Council after attempts to purchase its laboratory building and office tower at 435-445 Ellice Ave in Winnipeg fell through. The two buildings encompass 230,000 square feet in total.
Halifax recommends against wildfire tax relief
Halifax Coun. Pam Lovelace is not giving up on extending property tax relief to businesses destroyed by this spring's wildfires — despite the view of municipal staff that commercial property tax concessions cannot be made due to provincial legislation.
Ottawa’s Gabriel Pizza expands into Atlantic Canada
Ottawa’s Gabriel Pizza, in partnership with Bedford, N.S.-based Doucet Developments, is opening its first restaurant in Antigonish, N.S., with plans to expand to other parts of that province, as well as to New Brunswick, Newfoundland and Labrador and P.E.I.
ATB Wealth opens first B.C. location in Kelowna
ATB Wealth, the wealth management division of ATB Financial, has opened an office in downtown Kelowna at 1477 St. Paul St. It is ATB Wealth’s first office outside of Alberta. Its grand opening was held on Thursday.
Average annual rent inflation rate reaches nine-month high
A new report by Rentals.ca and Urbanation says the average asking price for a rental unit in Canada reached $2,149 last month, marking an 11.1 per cent jump from the same period a year ago.
New gov't efforts expected to boost rental construction
A pair of recent government initiatives aimed at boosting rental housing construction are critical, the industry contends, after developers had put projects on the shelf because they were becoming cost prohibitive.
U.S. pharmacy chain Rite Aid files for bankruptcy
Major U.S. pharmacy chain Rite Aid (RAD-N) said Sunday that it has filed for bankruptcy and obtained $3.45-billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.
Multi-storey warehouses’ future looking up
A new JLL Urban Logistics report highlights the opportunities and challenges facing developers targeting the growing last-mile logistics market and tracks the emerging industrial subset of multi-storey warehouses from its overseas roots to its first U.S. location in Seattle.
Atlanta office vacancy breaks Great Recession record
A prolonged slowdown in office leasing activity has left the Atlanta region’s 151.4 million-square-foot office footprint an all-time-record 23.7% vacant, surpassing the city's prior nadir of 23.6% set in the second quarter of 2011, according to CBRE.
Churchill relocates NYC HQ to 375 Park Ave.
Churchill Asset Management has relocated its headquarters in New York City to the iconic Seagram Building on 375 Park Ave. where it will occupy the ninth and 10th floors and 52,124 square feet. Churchill employs 160 across five U.S. offices.
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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