LocationsRecent Articles
Big year ahead for global REITs: Hazelview's 2024 forecast
Big year ahead for global REITs: Hazelview's 2024 forecast
Hazelview Investments forecasts a bull market for global REIT share prices this year in its 2024 Global Public Real Estate Outlook Report. The reversal will be driven by "resilient corporate earnings" in the face of numerous challenges, the report states.
CanFirst raises $219.6M for eighth industrial growth fund
CanFirst Capital Management has made its first closing on its eighth industrial value-add growth fund after raising $219.6 million. CIRF VIII is to be invested across Canada, with a focus on Toronto, Montreal, Vancouver, Calgary, Edmonton, Kitchener-Waterloo-Cambridge and Ottawa.
Industrial remains tight despite record new space
Even though a record-breaking 16.3 million square feet of new industrial space was added to the Canadian market in the final quarter of 2023, demand continues to outpace supply, according to a new report by Altus Group.
Receiver appointed to five more Vandyk housing projects
The legal and financial troubles for Toronto-area condominium developer Vandyk Properties continue in 2024 as delayed orders to appoint a receiver on five more of its building projects have come into effect.
Tourists prop up Toronto's financial district
Hospitality is driving Toronto's downtown pandemic recovery as travel returns and visitors freely spend, while office and retail spaces continue to struggle amid the emergence of hybrid work, a study by the University of Toronto's School of Cities finds.
Warehouses may be coming to prime London site
London city council’s planning and environment committee endorsed an application from Goal Ventures and Goal Ventures Southwest to amend the zoning for a prime 67-acre site to permit warehousing/distribution, craft brewery and other lower impact light industrial uses.
 | Trez Capital Navigating the path to recovery: The 2024 commercial real estate landscapeAs 2024 begins, the commercial real estate (CRE) sector looks forward to the possibility of an improving market in terms of both transaction volume and stability, providing a cautious but optimistic landscape for investors. Sponsored by: Trez Capital |
Ottawa office vacancies fall in Q4
According to Colliers, Ottawa’s office vacancy rate fell to 12.2 per cent in the final quarter of 2023, down nearly half a percentage point from the previous three-month period thanks to positive net absorption of nearly 340,000 square feet.
U.S. expansion offers hope of Aritzia turnaround
Vancouver-based Aritzia (ATZ-T) seemed poised for a stellar 2023. Sales were booming alongside a United States expansion and the brand was so popular among young women that it didn’t bother paying for digital marketing. A-list celebrities regularly wore its clothes.
Five Captain D's seafood restaurants coming to GTA
Nashville-headquartered fast casual seafood restaurant Captain D's announced the signing of its first-ever franchise development agreement in Canada. Five Captain D's restaurants will be coming to the GTA over the next several years with aggressive plans for growth throughout Canada.
Willow latest to get hit by rising interest rates
Willow LP, a commercial property-sharing startup aimed at retail investors, is the latest real estate venture to face trouble amid higher borrowing costs. Willow LP was part of a new wave of property investing called “fractional investing or prop sharing.”
Victoria Roundhouse project goes to public hearing
COMMENTARY: After many changes, Focus Equities' Roundhouse proposal for Vic West went to a public hearing today. The 10-acre project proposes nine buildings from 10 to 32 storeys with 1,870 residential units and 60,000 square feet of commercial space.
2024 holds promise for new home real estate
RESIDENTIAL LANDSCAPE: As we plunge into 2024, we see the new home real estate market regaining some of its lost footage from the past few years, when life threw so many curves at us.
Rental project aims for top tier of Toronto Green Standard
The team behind the proposed 1925 Victoria Park Ave. development is hoping it will be the first residential building to attain the highest level of the Toronto Green Standard. The project is being developed by Well Grounded Real Estate.
Van. developments cost nearly double original estimates
The cost of two affordable rental developments in Burnaby to be owned and operated by the Metro Vancouver Regional District - the Connection and the Steller - has nearly doubled even before construction begins.
Apartments in rural Alberta hard to come by
A search for rentals in Bassano, Alta., on listing site RentFaster turns up zero results. In Carstairs, you can find a lone bedroom rental on the website. Based on provincial data, that's not uncommon in some of Alberta's rural communities.
Hennick & Company acquires NYC building for $153M
Hennick & Company, Inc., a private investment firm, announced today it has acquired the Bridge Tower Place Retail located at 401 East 60th St. in Manhattan for $153 million US. The building measures over 120,000 square feet on four levels.
2023 a record year for NYC's priciest offices
More than a quarter of all office leasing activity in Manhattan last year had rents higher than $100 per square foot, another data point showing that owners of trophy office buildings have increased their dominance over the market.
There’s finally hope for the CRE market
CRE sellers and buyers are finally seeing more opportunities to transact after uncertainty nearly froze the market for much of last year. The average number of bids per deal climbed 16% in November 2023 from the end of 2022.
LTC sells, re-leases, transfers mgt. of 35 communities
Seventeen communities in Brookdale Senior Living's 35-property portfolio owned by Westlake Village, Calif.-based LTC Properties (LTC-N) are being re-leased to Brentwood, Tenn.-based Brookdale, eight are being sold and the operation of 10 others is being transferred.
Industry Events
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
