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Stanford's 5-tower plan to help reshape Brampton's Hwy. 10 corridor
Stanford's 5-tower plan to help reshape Brampton corridor
The Highway 10 corridor connecting Mississauga to Brampton will be unrecognizable in just a few years’ time, thanks in part to a proposed set of sprawling towers courtesy of Stanford Homes.
Demand high, vacancy remains low in Calgary multires sector
Tight vacancy and increasing rents have been the story for Calgary’s multiresidential rental market recently and that’s not likely to change anytime soon: the city’s population continues to grow and housing supply is at crisis levels.
Brookfield Property Partners doesn't cover debt cost
Deep inside the nested layers of funds, companies, insurers and partnerships of Canada’s Brookfield Corporation lies a real estate business that no longer covers the cost of its debt: Brookfield Property Partners, known as BPY.
Cracks appearing in B.C.’s industrial fortress
Strikes at B.C. ports this year, higher financing costs and a slowing provincial economy are opening the first cracks spotted in B.C.’s formidable industrial real estate sector in three years, industry sources warn.
Vacated federal buildings potential site for Ott. arena: Mayor
"The federal government is talking about leaving some of its buildings in downtown Ottawa . . there might be an opportunity to look at a piece of land in downtown Ottawa that would be a good fit," Ottawa Mayor Mark Sutcliffe says.
Ont. government scraps municipal boundary changes
Premier Doug Ford is scrapping planned changes to municipal boundaries in another major policy flip-flop related to the $8.28-billion Greenbelt land swap scandal now under criminal investigation by the RCMP.
Two municipalities seek Greenbelt compensation
Pickering and Grimsby are asking the Ontario government to reimburse them for more than $400,000 in costs they incurred while working on the now-reversed Greenbelt land removals in their communities.
NERVA sees growth from demand for energy efficiency
NERVA Energy Group Inc., the firm behind the largest multiresidential smart building conversion in North America, says its rapid growth has been propelled by rising interest in sustainability and financial savings from building owners interested in energy efficiency.
CF Lime Ridge to house Tesla’s 60K-sq.-ft. showroom
A 60,000-square-foot Tesla dealership and service centre is scheduled to open next year at the CF Lime Ridge shopping centre in Hamilton. Andy Traynor, general manager of the mall, said Tesla will open in the fall of 2024.
One-third of restaurants operating at a loss
A third of restaurants are operating at a loss and the sector is poised for upheaval, according to the 2023 annual market report from Restaurants Canada. Restaurateurs say they are facing rising costs of ingredients, insurance and wages.
T.O. councillor asks staff to study office conversions
Toronto Coun. Brad Bradford has put forward a motion asking city staff to explore possible ways to convert office space into residential housing and consider what regulatory changes might be needed to make them happen.
Former Saint John school sells for $745,000
After sitting empty for almost a decade, a century-old school building on Saint John's west side was sold to a developer for $745,000, 19 times what it fetched seven years ago. Apartment unis are proposed for the building.
B.C. landowner seeks evictions at housing co-ops
The fate of almost 300 co-op housing units in Coquitlam remains uncertain after the landowner, the pension plan for the International Union of Operating Engineers, asked B.C. courts to enforce its eviction notice on two co-op associations.
As Halifax booms, rents soar
Once-sleepy Halifax currently has skyrocketing rents, a housing crisis, blossoming tent cities and a growing number of have-nots in a place that could have it all, but could be in danger of sinking beneath the waves of its own momentum.
NADG NNN closes sale of entire U.S. portfolio
NADG NNN REIT announced the completion of the sale by NADG NNN Holding L.P. of its entire approximately 50% indirect interest in the portfolio of properties co-owned with NADG NNN Property Fund LP.
Foot Locker leasing 361K sq. ft. in L.A. County
Foot Locker signed Los Angeles County's largest industrial pre-lease of 2023 so far, agreeing to take 361,000 square feet at the El Monte Logistics Center, Commercial Observer reported. Developer Ares Management expects the property to be ready in 2024.
Dallas retains No. 1 Spot For CRE Investment
For the third year in a row, Dallas led the nation in commercial real estate investment, with $13.2B deployed over the first nine months of this year, per new data from MSCI Real Assets.
The complexities of CRE’s transaction paralysis
OPINION: With the economy doing well, why is the CRE industry in a state of transaction paralysis in the U.S.? There are several factors that have brought the CRE industry to this standstill.
WeWork president/COO heads for the exit
There is more executive turnover at embattled co-working provider WeWork. President and chief operating officer Anthony Yazbeck departed Friday after reaching an exit agreement last week. The change comes days after David Tolley was named permanent CEO.
Amazon tests humanoid robot in automation push
Amazon.com Inc. says it’s testing two new technologies to increase automation in its warehouses, including a trial of a humanoid robot. Digit is bipedal and can squat, bend and grasp items using clasps that imitate hands, the company said.
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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