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Toronto street-front retail leasing activity picks up
Toronto street-front retail leasing activity picks up
A rejuvenation in Toronto's downtown retail sector has led to a leasing milestone – availability has fallen below 10 per cent, according to a new report from JLL.
Suburban Montreal office portfolio on the sale block
A 193,565-square-foot suburban office portfolio in Montreal’s Saint-Laurent district is being marketed for sale at a time when private capital is dominating the transaction market, with long-term investors seeking well-priced assets.
Hundreds of T.O. condos flooding market as investors sell off
Hundreds of condos in downtown Toronto are up for sale, flooding the market as high interest rates spur an exodus of investors, and some homeowners, who are unable to keep up with mounting mortgage costs.
Wesgroup's River District community taking shape
ANALYSIS: Two decades after its first talks, Wesgroup Properties' slow but steady build-out of the 130-acre mixed-use, master-planned community River District in Vancouver's southeast corner is finally emerging into growth. The River District envisions 56 homes per acre.
Hotel/conference centre planned for Flin Flon, Man.
JP Shearer, a Tim Hortons franchisee in Winnipeg, along with partners, plans to build an 80-to-100 room Ramada by Wyndham hotel/conference centre in Flin Flon, Man. The $20-million development would aim for a 2025 opening.
Winnipeg committee approves four-storey multires.
A combined subdivision, rezoning and variance application to build a four-storey, 32-unit multiresidential building at 163 and 165 Aubert St. was approved by the Riel community committee in Winnipeg. The project would include both affordable and accessible units.
$85.3M Grandview Kids HQ taking shape in Ajax
The $85.3 million Grandview Kids headquarters in Ajax is well underway. The facility, which offers pediatric and rehabilitation services for children, will consolidate its existing main site in Oshawa and multiple satellite locations under one roof on 5.06 acres.
Evolving technology a lifeline to saving heritage buildings
Evolving construction and engineering technology will play a key role in preserving Canada’s heritage buildings in the face of deterioration and a changing climate, says JCK Engineering's Brad Taylor, who specializes in conserving old structures.
Canadian Net sells Quebec restaurant for $1.3M
Canadian Net REIT (NET-UN-X) announced the sale of a single-tenant property housing a restaurant operating under the Mike’s banner in Trois-Rivières, Que. Total consideration was $1.3M, translating into a capitalization rate of 5.6 per cent.
Dollarama becoming a player on grocery landscape
With projections hinting at surpassing 2,000 stores by 2030, Dollarama’s influence in the grocery market is poised for substantial growth. The idea of having just one brand of ketchup or peanut butter lies at the heart of Dollarama’s cost-saving strategy.
New 64K-sq-ft. Honda dealership to open in Burnaby
OpenRoad Auto Group, one of B.C.’s largest automotive dealership groups, is moving its Kingsway Honda Burnaby location to a brand new home on 5723 Marine Way. The 64,000-square-foot facility will encompass new and pre-owned departments.
Toys"R”Us and Babies"R”Us relaunch Canadian stores
Babies"R”Us has launched two first-of-its-kind standalone stores in Canada as its sister brand Toys"R”Us expands as well by an additional eight stores. The two new stores for Babies"R”Us have opened in Edmonton.
Gordie Howe International Bridge tower nearly complete
The last concrete pour for the sloped architectural heads at the top of the pylon head of the Gordie Howe International Bridge is now complete and the U.S. tower has reached its full height of 722 feet.
Victoria apt. complex will house hospitality sector workers
A novel approach to workforce housing moved a step closer when the City of Victoria approved Greater Victoria Housing Society's grant application for $2.5 million to help make a new affordable 40-unit apartment complex a reality.
Changes to Calgary zoning rules could be a game-changer
OPINION: Calgary, long known for its embrace of the single-family, home-and-a-yard dream, is about to become a test case for what happens when an affordable stronghold faces a crunch so severe municipal officials embrace a plan for much greater density,
How to really change zoning to increase housing affordability
OPINION: Vancouver has the highest rents in Canada, with a one-bedroom coming in at a gut-churning $3,013 a month. The city also has the most extreme housing prices in Canada. Vancouver’s failure lies in large part in its zoning.
Kroger, Albertsons to sell 413 stores to C&S for $1.9B
Kroger Co. (KR-N) stock rose the most in six months after agreeing to sell 413 stores to C&S Wholesale Grocers in a divestiture designed to help win antitrust approval for its $24.6 billion merger with Albertsons Cos.
Banks likely to 'keep retreating' from CRE lending
In the six months since the market-rocking failure of Silicon Valley Bank, commercial property lending has receded into the rearview mirror for many small and regional banks, while nonbank lenders stepped in to fill the void.
London investor to build $1.6B U.S., U.K. ind. portfolio
U.K. investment firm NW1 Partners has raised $810M of equity to build a $1.6B U.S. and U.K. portfolio in the fast-growing industrial outdoor storage sector.
Norway wealth fund shifts Shanghai office to Singapore
Norway’s $1.4 trillion sovereign wealth fund has started winding down its office in Shanghai as Singapore takes over as its Asian hub. The fund is closing its office due to “operational considerations,” Norges Bank Investment Management 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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