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WeWork failure to impact Vancouver's office market recalibration
WeWork failure to impact Van. office market recalibration
With the dust from the blast of WeWork's bankruptcy still hanging in the air, Vancouver office market insiders on Wednesday debated the potential fallout in Canada's West Coast market, already dealing with vacancy and demand challenges.
Sannikov succeeds Pauls as Dream Industrial REIT CEO
Dream Industrial REIT (DIR-UN-T) announced the promotion of president and chief operating officer Alexander Sannikov to chief executive officer while revealing its third-quarter financial and operating results during a Nov. 8 conference call.
Revamped Sault mall could include up to 12 condo towers
Sault Ste. Marie city officials are voicing their support for a major downtown development by StratonHunter Group that could potentially see the construction of up to 12 condominium towers at Station Mall.
EllisDon 'still active' in Vancouver mega-project
Canadian construction giant EllisDon continues to operate at the Oakridge Park mega-project despite having recently vacated a development site in Ontario and initiating court action against its same development partner, Vancouver’s Westbank Corp., alleging payment delinquencies.
Office market not dead by any means: Laurentian Bank
VIDEO: Gaurav Mathur, director of REIT research at Laurentian Bank Securities, joins BNN Bloomberg to talk about the REIT landscape and where investors can find opportunity.
Calgary announces new downtown office conversion
Calgary announced Dominion Centre at 665 8th St. S.W., is the latest downtown conversion. The Alston Properties and Slate Asset Management redevelopment will provide 132 homes over 10 floors, taking nearly 100,000 square feet of office space off the market.
 | Colliers Canada REMS Changes to Canada's office market requires new strategies for ownersColliers Real Estate Management Services launches Office 2.0 to reinvigorate workspaces and buildings with customized strategies. Sponsored by: Colliers Canada REMS |
Minto Apartment REIT eyes more refinancing
After refinancing hundreds of millions of dollars’ worth of mortgages earlier this year, Ottawa-based Minto Apartment REIT (MI-UN-T) says it is looking at refinancing other properties in an effort to reduce its debt.
CDPQ explores sale of $2B in private equity stakes: Sources
Caisse de Depot et Placement du Quebec (CDPQ) is exploring the sale of as much as $2 billion of private equity assets in the secondary market to free up cash for other investments, according to sources.
579 residential units approved in Kitchener-Waterloo
The city councils of Kitchener and Waterloo have green-lighted several buildings that will total 579 residential units - a 11-storey, mixed-use with 77 units; 14- and 22-storey towers with a combined 373 units; and a mixed-used with 129 units.
Five towers proposed at Scarborough City Centre
The Rosdev Group and Dov Capital Corporation have proposed five towers at Scarborough City Centre. The Arcadis-designed project at 100 Borough Dr. would include residential towers of 26, 39 and 46 storeys and two mixed-use buildings reaching 50 storeys.
Advanced Glazings, Norbec venture a ray of light for buildings
Sydney, N.S.-based Advanced Glazings Ltd. is taking its operations to the next level by partnering with Norbec to deliver a state-of-the art solution to the way light is transmitted into metal panel buildings, reducing the need for artificial lighting.
B.C. pushes for more housing near transit hubs
The B.C. government has introduced legislation it estimates could provide up to 100,000 new homes within 800 metres of a rapid transit station and within 400 metres of a bus exchange over the next decade.
Short-term rentals losing shine for investors
Higher interest rates combined with stricter regulations have some Canadians beginning to second-guess the wisdom of investing in a short-term rental property. Deana Steele says she has never before seen as many condo and vacation homes for sale in Kelowna.
Brick-and-mortar lifts outlook for U.S. retail REITs
Despite high interest rates and slowing consumer spending, U.S. publicly traded retail owners have reported surging occupancy, allowing them to raise rents and boost their outlook for the rest of the year.
Washington Prime nears $1B refinancing 2 years after bankruptcy
Two years after emerging from pandemic-induced bankruptcy, Ohio-based retail real estate investment firm Washington Prime Group is on the cusp of a huge recapitalization deal that shows how far retail's recovery has come.
WeWork plots rapid comeback
WeWork Inc. has arranged a path to reorganize with speed and aggression that, despite the company’s extraordinary fall from grace, will be boosted by favorable bankruptcy laws and continuing demand for office flex space.
American Healthcare REIT to acquire Trilogy REIT
American Healthcare REIT (AHR) has entered into a purchase agreement for all of the minority membership interest held by NorthStar Healthcare Income, Inc. in Trilogy REIT Holdings. Upon closing, AHR would own 100% of Trilogy REIT Holdings.
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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