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Westdell to intensify newly acquired London White Oaks mall
Westdell to intensify newly acquired London White Oaks mall
The largest mall in London, Ont., could undergo a transformation over the next few years after being acquired by local company Westdell Development Corporation in an off-market deal with BentallGreenOak.
Medway to build $75M medical, multires in Quebec City
Groupe Medway is investing $75 million to build a mixed-used medical clinic and six-storey multiresidential complex in Quebec City in what will be one of the provincial capital's largest health-focused developments.
Corev Immobilier set to snag remaining Sélection assets
Corev Immobilier is in the home stretch to recover the remaining assets of Groupe Sélection, the insolvent real estate developer and operator of seniors' residences. There are five remaining Sélection residences, three projects under construction and 13 others “in development.”
Thousands of condo units in the GTHA delayed: Urbanation
More than 2,000 condo units are delayed in Hamilton, nearly 3,000 in Toronto and hundreds more in Brampton, Burlington, Mississauga and Oakville due to higher interest rates and a lack of confidence in the market, according to Urbanation.
F.N. partners on Nanaimo mixed-use proposal
Snuneymuxw First Nation is partnering on Te’tuxwtun, a proposed mixed-use project on a 5.8-acre property in Nanaimo Harewood neighbourhood that would includes 390 rental units in six low-to-mid-rise buildings along with a day care, health services and commercial space.
 | Skyline Group of Companies Innovating industrial real estate in CanadaIn a newly released video, Mike Bonneveld, President, Skyline Industrial REIT, and Rosefellow Co-Founders Mike Jager and Sam Tsoumas, discuss highlights of their successful partnership as well as plans for upcoming industrial developments. Sponsored by: Skyline Group of Companies |
Crombie proposes 10-storey mixed-use in East York
Crombie REIT (CRR-UN-T) has proposed a 10-storey mixed-use building at 1099 Broadview Ave. in East York's Broadview North neighbourhood. The RAW Design building would include 282 residential units and 4,252 square feet of retail space.
The Well provides ‘urban uniqueness’ to T.O.’s downtown core
Canadian Architect recently received a first-hand look at The Well, a new mixed-use development featuring sustainable design elements and an urban composition of buildings and spaces that reimagines Front, Wellington and Spadina in Toronto’s downtown core.
Vancouver heritage building receives major rehab
Built in 1908 in Vancouver’s Yaletown, the MacPherson and Teetzel Company Building contained warehousing and manufacturing businesses for much of the 20th century. The rehabilitation of the two-storey building and the addition of a three-storey contemporary structure was recently completed.
Indigo hopes new concept will win back customers
When Indigo Books & Music Inc. (IDG-T) opens the doors to its forthcoming location in downtown Toronto’s Well building in September, shoppers will notice a blue Citroën truck sitting by the entrance serving pastries, coffee, beer and wine.
Uniqlo opens new store at Calgary's Chinook Centre
Japanese clothing retailer Uniqlo officially opened its doors at Calgary's Chinook Centre Friday morning. The store has 15,000 square feet, with products for men, women and children. Uniqlo has more than 2,400 stores worldwide, 18 in Canada.
Dumpling restaurant opening entering Canadian market
Brooklyn Dumpling Shop, an innovative zero-contact dumpling shop, will arrive in Canada in October with plans to expand to over 100 locations throughout the country. The first three Canadian locations will be in Calgary, Edmonton and Vancouver.
Edmonton considers new measures to control urban sprawl
Edmonton is suggesting a new approach to control urban sprawl: requiring all developing areas to be built-out with appropriate amenities like retail stores, parks, and in some areas schools, libraries and recreation centres, before further developments are approved.
Ont. housing minister violated integrity act on Greenbelt
Embattled Ontario Municipal Affairs and Housing Minister Steve Clark violated the Members’ Integrity Act by “by failing to oversee the process by which lands in the Greenbelt were selected for development,” an ethics watchdog has ruled.
CIBC to reduce investment in U.S. CRE
Canadian Imperial Bank of Commerce (CIBC) (CM-T) said on Thursday it would reduce its focus on U.S. commercial real estate due to weakness in that business, as the lender missed earnings forecasts due to a jump in bad loan provisions.
Qatari fund buys Manhattan hotel for $623M
The Qatar Investment Authority has acquired the Park Lane hotel on Central Park South for $623 million, PincusCo reported. The purchase price is close to the $654M Malaysian developer Jho Low and the Witkoff Group paid in 2013.
Blackstone, Vornado JV to build Manhattan studio campus
Blackstone Inc., Vornado Realty Trust and Hudson Pacific Properties Inc. are teaming up to build a studio campus in Manhattan. The three firms are investing roughly $350 million collectively in the project, which will be at Pier 94.
More pain for office landlords through 2030: Goldman
Impacts of the remote work revolution on landlords are expected to grow as leases expire and tenants renew for smaller spaces, says a new report by Goldman Sachs. The company forecasts work-from-home and hybrid schedules to increase 2.3% this decade.
U.S. retail REIT consolidation accelerates
As investment into retail real estate from institutions picks up and interest rates make financing property acquisitions more expensive, mergers and acquisitions among publicly traded retail owners are on the rise.
Thai REIT to sell Singapore mall for $250M
Frasers Centrepoint Trust — controlled by Thai billionaire Charoen Sirivadhanabhakdi — has agreed to sell a suburban shopping mall for $250 million US. Changi City Point in the eastern Singapore town of Bedok is being sold to an unidentified third party.
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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