LocationsRecent Articles
Excess parking cutting into industrial floor space: Study
Excess parking cutting into industrial floor space: Study
Only about half of the parking spaces at industrial properties around Metro Vancouver and the Fraser Valley are being used, according to a study released this week.
T.O. developers delay launch of about 14,000 new condos
Developers had been expected to launch at least 27,000 units in the GTA, says Urbanation. However, as of the end of September, they had launched about 13,000, leading to the weakest sales activity in a decade.
Brookfield raises record $6B for infrastructure fund
Brookfield Asset Management (BAM-T) announced today the closing of Brookfield Infrastructure Debt Fund III. With capital commitments exceeding $6 billion, including over $400 million in discretionary co-investment capital, BID III is the world’s largest private infrastructure debt fund.
Brookfield to acquire Cyxtera data centres for $775M US
UPDATED: Global data centre firm Cyxtera has confirmed that Brookfield Infrastructure Partners L.P. (BIP-UN-T) and institutional partners have an agreement to acquire substantially all of the bankrupt firm’s assets for $775 million US.
Calgary's industrial sector gains traction: Avison Young
Calgary’s industrial real estate sector is witnessing a surge in optimism, positioning itself as Canada’s cost-effective distribution hub, states a new report from Avison Young. The past year has seen Calgary’s industrial market maintain a robust health, notably in Q3.
872-unit self-storage facility proposed in Burnaby
Coquitlam-based Tony Russo of the numbered company 1074649 BC Ltd., has proposed a five-storey self-storage facility with 872 climate-controlled storage units serving small businesses at 3945 Myrtle St. in Burnaby’s Brentwood neighbourhood.
 | Gryphon Development Emergent Oakridge District shows Vancouver in its golden era of developmentGryphon Development launches mixed-use tower in area with medical office, co-working and club-level amenities at forefront. Sponsored by: Gryphon Development |
Vancouver, Austin lead N.A. high-tech job growth: CBRE
Vancouver and Austin, Texas led job growth in the high-tech space in North America between 2021 and 2022, according to Commercial Real Estate Services (CBRE). CBRE’s Tech-30 report analyzes the high-tech sector’s impact on commercial real estate.
Office more than a place to work: Hines
Hines Canadian head Avi Tesciuba and senior managing director Syl Apps discuss how the global real estate firm supports hybrid work, its T3 portfolio and the impact of rising interest rates in the commercial space.
Boeing breaks ground on $20M Winnipeg plant expansion
Arlington, Va.-based airplane manufacturer Boeing (BA-N) is scaling up its Winnipeg manufacturing facility with a $20-million, 12,000-square-foot expansion to better meet the demand for composite airplane parts, the company announced Wednesday.
Skyservice acquires London Aviation Centre hangar
Skyservice Business Aviation is acquiring the London Aviation Centre hangar facility at Vancouver International Airport from London Aviation Centre Ltd. The facility comprises 12,000 square feet of office space and 64,000 square feet of hangar space.
Otéra Capital looks for foreign opportunities
Otéra Capital president/CEO Rana Ghorayeb says the real estate subsidiary of the Caisse de dépôt et placement du Québec (CDPQ) wants to seize the opportunities for investment abroad caused by the dislocation of certain markets.
Homestead Land Holdings founder dead at 103
Kingston-born Arthur Britton Smith, the founder of Homestead Land Holdings, its first CEO, and a board member into his 90s, died Saturday at 103. Homestead operates 26,000 apartments across southern and eastern Ontario, plus additional holdings in Calgary.
Edmonton to fund 276 affordable rental homes
Edmonton councillors agreed Wednesday to put $16.7 million of the city’s “affordable housing” grant money toward 276 below-market or near-market rental homes. Rents for 209 units could cost tenants up to 80 per cent of the average rates.
B.C. legislation to spur small-scale multi-unit construction
British Columbia introduced new legislation Wednesday to encourage small-scale, multi-unit home development as it aims to see 130,000 new homes built in the next 10 years. Multi-unit developments will be permitted on single-family lots under the changes.
Retail REIT to spin off strip mall portfolio
Shopping centre REIT Site Centers (SITC-N) is breaking up its portfolio and creating a new publicly traded entity focused on strip malls, a testament to how well the asset type is performing in this economic climate.
Global fundraising slumps 71% with rate risk
Globally, $18.2 billion was raised by 61 private real estate funds in Q3, a 71% decline from the second quarter, when 117 funds raised $63.4 billion, according to a report by Preqin.
$66B BREIT limits redemptions for 12th month
In October, Blackstone Real Estate Income Trust (BREIT) returned about $1.3 billion to investors, or about 56 per cent of what was requested, the “highest payout percentage” since redemptions were restricted last year, according to a letter to shareholders.
Blackstone buys U.K. student dorms for $622M
Blackstone Inc.’s IQ Student Accommodation business has bought properties in London and Edinburgh for $622 million Cdn as the private equity firm continues to bet on the shortage of purpose-built housing in the U.K.’s top university cities.
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
