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RioCan reports stellar quarter for retail leasing
RioCan reports stellar quarter for retail leasing
RioCan REIT (REI-UN-T) experienced strong leasing during the first three months of 2024, completing over 1.3 million square feet of leases at a blended spread of 14 per cent. That momentum continues, according to CEO Jonathan Gitlin.
Groupe HD forms JV for multi-tower Montreal development
Groupe HD, Kastello Immobilier and Société Financière Bourgie have formed a joint venture to acquire and redevelop the Fortier Ford property in the Greater Montreal community of Anjou with a multi-tower project containing almost 1,000 new homes.
GWLRA proposes two mixed-use towers in Ottawa
GWL Realty Advisors is looking to build 25- and 26-storey towers on Slater Street that would add hundreds of residential units and new retail space to the core as the effort to revitalize Ottawa’s downtown takes centre stage.
Zanchin Automotive Group proposes mixed-use project
Zanchin Automotive Group has proposed a 10-building mixed-use development on 13.9 acres on the west side of Vaughan's Woodbridge community. The BDP Quadrangle-designed community would include 2,833 residential units and 139,350 square feet of retail and office space.
Langford approves zoning for 103-unit downtown hotel
Langford has approved a rezoning application for Metropolitan Hospitality Management to build a 103-room downtown hotel. The six-storey building on Goldstream Avenue will be branded Towneplace Suites by Marriott and accommodate short- and long-stay visitors.
Appelt proposes 41-storey mixed-use tower in Surrey
Kelowna-based Appelt Properties has proposed a 41-storey mixed-use tower at 13585 95 Ave. in Surrey. The building would comprise 436 market rental homes, 63,339 square feet of office space and 10,667 square feet of retail space.
 | First National Financial LP Jeremy Wedgbury’s spring market and business updateThe first quarter of 2024 was the most active opening period in First National’s history as a commercial lender. Sponsored by: First National Financial LP |
Hazelview proposes three market-rate rental towers
A short stroll away from the Eglinton GO station, Hazelview Investments has submitted a proposal for a trio of market-rate rental buildings. Designed by Graziani + Corazza Architects, the tallest tower would reach 44 storeys in Scarborough's Eglinton East neighbourhood.
Two of Alberta's biggest credit unions complete merger
The merger between connectFirst and Servus credit unions has been closed. The merged credit unions will boast more than $34.4 billion in assets under administration, approximately 500,000 members and more than 140 branches in 80 Alberta communities.
Anglican, Presbyterian, United churches to share office space
The United, Anglican and Presbyterian churches have signed leases to share national office space at the redeveloped site of Bloor Street United Church at 300 Bloor St. W. in Toronto. The agreement will reduce costs and the churches' carbon footprint.
Federal unions fight back over hybrid work rules
Unions representing tens of thousands of federal workers warn they are planning a “summer of discontent” to force the federal government to back off plans to compel workers to come to their offices for a minimum three days a week.
45.8 per cent of Ottawa residents working from home
Statistics Canada says 45.8 per cent of Ottawa employees were working either partly or exclusively from home last month, including federal public servants. Nationally, 19% of workers were working exclusively from home in April, down from 24.3% in January.
Ottawa slashes hike on fees for new home builds
The hefty increase in proposed fees charged to developers when building new homes in Ottawa was slashed by over half Wednesday. The 28 per cent hike was dropped to 11 per cent at the city's planning and housing committee.
Metro Van. urban sprawl contained in past decade: StatCan
Over 99 per cent of recently built residential homes in Metro Vancouver are situated in populated areas, leaving little to so-called urban sprawl and rural development, according to data released by Statistics Canada Wednesday.
New rental project kicks off in Collingwood, Ont.
Construction is underway at Residences at Silvercreek, a three-building, four-storey rental housing complex in Collingwood, Ont. Skyline Group of Companies says the project is expected to increase the town’s rental supply by 33% upon completion in spring 2026.
Brookfield lands 121K-sq.-ft. lease renewal in Denver
Johns Manville has renewed its 121,000-square-foot lease with Brookfield Properties in downtown Denver. The Berkshire Hathaway subsidiary will continue to occupy the space at 717 17th St., serving as its global headquarters, through at least 2035.
Major stress plaguing New York's $20T CRE market
Manhattan's serious delinquency rate for office loans reached seven per cent in April, its highest level since early 2017, according to JPMorgan Chase & Co. data. That jump was driven in part by the $400 million loan backing 1440 Broadway.
Mall giant Simon sells stake in retail partner for $1.45B
Simon Property Group sold its stake in brand management company Authentic Brands Group for $1.45 billion US. Authentic Brands Group’s portfolio is varied, from apparel retailers such as Billabong to Sports Illustrated.
Ares, EQ team up on $499M U.K. hotels acquisition
Ares Real Estate and partner EQ Group have acquired an 18-strong portfolio of U.K. hotels from Land Securities for $499 million US in a sign of greater confidence in Britain's property and leisure market.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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