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IWS Equity launches real estate growth fund, $300M target
IWS Equity launches real estate growth fund, $300M target
IWS Equity has just launched and is seeking additional investors for its new IWS Real Estate Growth Fund, which has a target of $300 million in equity.
 | The People Space Senior execs join Windmill, RioCan, Brookfield, Manulife IM...Don WilcoxManaging Editor, RENX |
Brace for more pain in CRE as mountain of debt comes due
The rapid rise in interest rates has been hard on CRE, especially the office sector, already staggering under the blows of the pandemic. A new threat looms as hundreds of billions in loans reaches maturity over the next few years.
RioCan raises retail rents amid strong demand: CEO
VIDEO: Jonathan Gitlin, president and CEO of RioCan Real Estate Investment Trust (REI-UN-T), joins BNN Bloomberg to discuss the company's latest earnings, seeing record retail occupancy rates. He discusses how he's navigating higher rates as a Canadian REIT.
B.C.'s transit density law unlikely to spark dev. boom: Summit
B.C.’s legislation that mandates minimum high-density zoning around rapid transit won’t spark a building boom in Metro Vancouver beyond development municipalities are already pushing forward, a panel at the Union of B.C. Municipalities housing summit heard Wednesday.
PROREIT sells two CRE properties for $20.7M
PRO Real Estate Investment Trust (PROREIT) (PRV-UN-T) today announced it has completed the sale of two non-core properties - retail in Upper Tantallon, N.S. and industrial in Montreal - totalling approximately 124,000 square feet of gross leasable area for $20.7 million.
 | Yardi Real estate investment: Changing the game with technologyThe real estate industry, known for its intricate nature and significant operational costs, is on the cusp of transformation in 2024. This shift is propelled by various factors, including advancements in AI and fluctuations in interest rates. Sponsored by: Yardi |
Alliance proposes seven-storey CRE building in Vancouver
Alliance Partners and TKA+D Architecture and Design have proposed a seven-storey, mixed-use building at 851-865 Terminal Ave., adjacent to Vancouver's SkyTrain Expo Line’s elevated guideway. The 206,000 square feet of space would including wholesale, retail, industrial and office.
Canadian Tire profit falls nearly 68%
Canadian Tire Corp. Ltd. (CTC-A-T) saw profit and sales tumble in its fourth quarter, and has cut its spending targets, as consumers continue to pull back on non-essential purchases amid a challenging economic environment.
Prince Rupert seeks industrial development of site
Prince Rupert is pitching potential uses for a waterfront industrial site that formerly hosted a pulp mill. There is a propane export terminal on the site, but plenty of land remains available for development, Mayor Herb Pond said.
De Havilland expects to break ground on Alberta facility
It's shaping up to be a pivotal time for De Havilland Aircraft of Canada and its ambitious Alberta plans. It’s expected to break ground this year on De Havilland Field, its new aircraft manufacturing centre and aerodrome west of Strathmore.
ROM Museum unveils $130-million renovation
The Royal Ontario Museum is giving its Crystal a facelift. Canada’s most visited museum announced a renovation dubbed “OpenROM,” which is slated to remake 86,000 square feet of the main floor and add 6,000 square feet of new gallery space.
Toronto City Council approves 9.5% property tax hike
Toronto City Council approved a 9.5 per cent property-tax increase, the largest hike in a quarter century, finalizing a $17-billion budget that Mayor Olivia Chow calls a first step in reversing the city’s decline.
U.S. industrial sublease availability hits record-high 156M SF
Available industrial sublease space in the U.S. hit a record high of 156 million square feet in Q4, according to Savills. The total has increased threefold in two years and is another indicator of softening demand.
Global supply chains have become more complex
ANALYSIS: Despite efforts to make global supply chains more resilient, there is now evidence that international supply chains have become longer and more complex, increasing the risks of future supply shocks that carry potentially significant economic and financial costs.
Site Centers sheds $818.6M of retail properties
Site Centers has taken the next step to potentially dissolving its REIT in favour of a spinoff firm that would focus exclusively on strip centres. The Beachwood, Ohio-based REIT has sold a portfolio of 14 shopping centres for $818.6M.
CoStar pays $339M for new Virginia headquarters
Commercial real estate data giant CoStar spent $339 million US on a Arlington, Va., office tower it will soon call home. CoStar paid $325M for the Central Place tower and $14.2M for the land underneath it.
Hybrid work has made parking a whole new ballgame
Hybrid schedules have upended parking predictability in urban centres and within housing projects. Developers are adapting to changing times with new pricing plans, upgraded facilities and mobility hubs that combine parking, transit and short-term bike rentals in one package.
Co-living pioneers seek partner to build £1B pipeline
London-headquartered co-living developer and operator Re:shape is seeking a funding partner to build-out its pipeline of almost 2,000 beds in and around London after buying three sites in the space of five weeks.
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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