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Trudel's Fleur de lys: Quebec's $1.5B 'city within a city'

1 year ago

Trudel's Fleur de lys: Quebec's $1.5B 'city within a city'

Trudel Corp. will invest $1.5 billion to “build a city within a city” as part of a project to reshape the 1960s-era Fleur de lys shopping centre in the Vanier borough of Quebec City.

Hazelview buys two Kitchener apts. from Starlight for $86M

Hazelview Investments has purchased two Kitchener apartment buildings from Starlight Investments as it continues to see favourable conditions in population growth and economic trends in the region.

Downtown Van. office vacancy rate rises to 12.3%: AY

A day after a report Oxford Properties and CPP Investments were putting up for sale two downtown Vancouver office towers, Avison Young said the vacancy rate for downtown Vancouver office space had risen to 12.3 per cent

Tech founders ditch Toronto for smaller cities

It can be risky to move out of Canada's biggest city when you're a tech entrepreneur, but First30's Amy Davies is among startup founders who have set up shop in smaller markets and found success.

Calgary taking steps to become a global tech hub

Calgary wants to establish itself as a global hub for tech talent, and city and business leaders stopped at a Toronto tech conference this week to discuss challenges and efforts underway to attract and retain workers.

The roadmap to successful loan repayments in times of rising interest rates

With the right lender and asset manager, investors can take advantage of wider risk premiums and higher yields on floating rate loans, thus creating a more profitable portfolio.

 

Sponsored by: Trez Capital

Walmart opens first W. Canada high-tech fulfillment centre

Walmart Canada's first high-tech fulfillment centre in Rocky View County, Alta., a 430,000-square-foot facility, has officially opened, serving as a delivery hub for Walmart's Western Canada customers, bringing Walmart's two-day shipping to 97 per cent of Canadian households.

Windsor's industrial sector is booming

Industrial real estate in Windsor is heating up. The former Windsor Star printing facility was just one major industrial site to sell recently after just six weeks on the market. With an asking price of $7.4 million and nearly 56,000 square feet of space, the sale is set to close later this summer. 

Almega, Honeybee to develop Bathurst Manor mixed-use

Almega Corp. and Honeybee Development Group are developing a 1.2 acre, transit-oriented site at 824 Sheppard Ave. W. in Toronto's Bathurst Manor corridor. The site is zoned for 220,000 square feet of mixed-use development and will include 320 multiresidential units.

Distrikt proposes three residential towers in Oakville

Distrikt Group has proposed 44-, 50- and 58-storey residential towers at 590 Argus Rd., a few minutes walk from Oakville GO station. The Teeple Architects-designed buildings would include a total of 1,730 residential units.

Brookfield to power U.S. offices with clean electricity by '26

Brookfield Properties plans to power its entire 70-million-square-foot U.S. office portfolio utilizing only zero-emissions electricity by 2026. More than 65 per cent of that space, including its entire New York and Washington, D.C. office portfolios, will transition by 2024.

Brookfield trumps buyout titans with $50B deal spree

Brookfield Asset Management (BAM-T) has emerged as the world’s most acquisitive investment firm this year, as the titans of private equity increasingly stay on the sidelines. Brookfield has announced more than $50 billion of purchases in 2023.

Big U.S. banks stand strong against Fed's CRE gloom

Big U.S. banks' commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve's annual health checks, with losses declining slightly on last year, the central bank said on Wednesday.

U.S. downtown office debt best investment: Carlyle

"I would say the best single investment that I know of today is probably going to be CRE debt in downtown office buildings . . . when the banks want to get it off their books," Carlyle Group co-chair David Rubenstein says.

U.S. private market lags public REITs in cap rate metrics

A new CenterSquare Investment Management report found sharp divergences between REIT implied cap rate metrics and private market forward-outlook cap rates, underscoring the disconnect between private market and public assumptions around commercial real estate values.

Investor homeowners look for a tax break on losses

There are hundreds of thousands of rented homes that do not turn a profit for their owners, but if you’re a landlord looking to the Canadian Revenue Agency for a tax break on those losses you can expect to have to answer some tough questions on your investment.

Multiple-unit investors spurring the condo market

ANALYSIS: Marketer Jacky Chan says Brivia Group's 60-storey luxury condo Curv tower – which begins construction in 2024 in downtown Vancouver – has been a magnet for Canada’s small but powerful contingent of multiple-unit buyers.

Vancouver neighbourhood's no-growth history will soon end

EDITORIAL: The neighbourhood of West Point Grey in Vancouver has seen little change for decades, save for ever-higher real estate prices. That no-growth history will soon end as development of the Jericho Lands moves forward.

Toronto real estate market ticks upward

The real estate market in the Greater Toronto Area has turned a corner, John Pasalis, president of Realosophy Realty, believes. New listings have been outpacing sales in recent weeks and inventory is gradually increasing.

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