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RioCan marks 30 years as a publicly traded REIT
RioCan marks 30 years as a publicly traded REIT
When RioCan REIT (REI-UN-T) chief operating officer John Ballantyne rings the bell to open the Toronto Stock Exchange tomorrow morning (Jan. 19), it will mark the trust’s 30th year as a publicly traded company.
ONE, Vestcor launch spec-build Edmonton industrial building
ONE Properties and Vestcor are launching construction and leasing of a spec-build industrial building at the partners’ new 41 Business Park in southeast Edmonton. The 366,900-square-foot facility is the first of two assets proposed for the site.
Nexii pursues sale under creditor protection
Nexii Building Solutions Inc., a green building startup that boasted a $2-billion valuation less than two years ago, has been granted protection from creditors as it seeks a buyer to rescue the money-losing operation, according to documents.
55-storey Vancouver residential tower in receivership
A 55-storey condo/rental tower in Vancouver has been put into receivership after Bank of Montreal filed a petition saying it’s owed most of the $95 million it loaned the consortium that owns the property in August 2018.
Amazon MGM leases 160K sq. ft. Toronto studio space
Amazon MGM Studios is leasing prime space at Pinewood Toronto Studios, a sprawling property located on Commissioners Street, near Toronto's waterfront. Amazon will lease 160,000 square feet of space, including five sound stages, as well as workshops and office space.
B.C. office, industrial markets to adjust in 2024: Colliers
Rapidly rising interest rates and a slowdown in economic activity were among the biggest headlines for B.C.’s CRE sector in 2023. However, industry experts say relief is on the horizon as early as the second half of 2024.
 | 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 |
Ontario expanding Hazel McCallion LRT
Ontario is expanding the Hazel McCallion LRT into downtown Mississauga and Brampton four years after scaling back the transit line to cut costs. The LRT was initially set to stretch for 23 kilometres and 26 stops, linking Mississauga to Brampton.
Devmont adjusts Ottawa dev. plan, includes 25-storey multires
Montreal-based developer Devmont has adjusted its proposed multiresidential project in Stittsville, west of downtown Ottawa. It would include a 25-storey high-rise, comprise more than 400 apartments, and offer reduced parking from zoning provisions.
Lansdowne 2.0 plan appealed to Ontario Land Tribunal
The City of Ottawa’s plan to revitalize Lansdowne 2.0 has been stalled by an appeal to the Ontario Land Tribunal by the Glebe Community Association. The estimated $419-million Lansdowne 2.0 plan was passed by council in fall 2023.
Ottawa rushes to grant heritage status to 'most critical' sites
On Tuesday, Ottawa city council's built-heritage committee recommended a Bible house, Masonic temple, two churches and an old lumber mill office get heritage designation. That's five down, roughly 4,600 left to consider.
EllisDon, WZMH move ahead on Ontario Place, science centre
Site servicing renewal is underway at Ontario Place and EllisDon is onsite performing the work. EllisDon Civil Ltd. was selected by Infrastructure Ontario through an open procurement to carry out the Ontario Place Site Servicing Renewal project.
Avalon rounds out 2023 with key partnerships, deals
After finalizing a $63-million investment from SCR-Sibelco NV, acquiring a site in Thunder Bay for an electric vehicle battery materials facility and partnering for cleaner mining, Avalon Advanced Materials Inc. set the foundation for its future in 2023.
Ontario moves ahead with expansion of private clinics
Ontario says it is moving ahead with its plan to expand the number of private clinics to tackle the province’s surgical wait lists, as its hospitals struggled with near-record wait times in emergency rooms.
More preconstruction homebuyers facing bankruptcy
Since the spring, Scott Terrio has encountered roughly a dozen homebuyers unable to close on their pre-construction property, as appraisals fall hundreds of thousands short. It's the first time he's encountered such buyers in his 14 years in consumer insolvency.
Feds warn against resistance to ending exclusionary zoning
Canada’s Housing Minister Sean Fraser is warning that municipalities without a ban on exclusionary zoning will not succeed with applications for federal housing accelerator funding.
Brookfield fund tumbles 6.7% for first yearly loss
A Brookfield fund for well-off investors posted its first annual loss since inception as it lowered its valuation on some properties due to higher interest rates. Brookfield Real Estate Income Trust Inc. ended last year down 6.7 per cent year-over-year.
U.S. real estate stocks to tumble
With traders reducing wagers on a rate cut at the Federal Reserve’s March meeting and the yield on 10-year Treasuries rising to 4.11%, the highest since Dec. 12, real estate is primed to take a hit.
U.S. office loan delinquencies surge to 6.5%
U.S. office-backed commercial loans finished 2023 with a delinquency rate of 6.5%, up from 5.1% in the third quarter, according to the Mortgage Bankers Association. Across all commercial property types, 3.2% of loans were delinquent in Q4 2023.
SH Hotels & Resorts embarks on global expansion
SH Hotels & Resorts — founded by Barry Sternlicht — is embarking on a significant worldwide expansion of its portfolio across four continents and 13 countries and territories. SH Hotels & Resorts is an affiliate of global private investment firm Starwood Capital Group.
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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