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Amexon, fashion house Missoni to develop Toronto condo, hotel
Amexon, fashion house Missoni to develop TO condo, hotel
Amexon Development Corporation is partnering with Missoni, one of the world’s most recognizable fashion houses, on a 60-storey luxury Toronto high-rise. MISSONI SKY marks the Italian firm's debut in Canadian real estate.
Blair and Brady Welch leave Slate Office REIT board
Slate Office REIT (SOT-UN-T) has announced the pending termination of an external management agreement with Slate Management ULC, and that Blair Welch and Brady Welch, two of the founding members of the trust, have resigned from its board of directors.
Hamilton film production hub, housing development cancelled
A sprawling film studio and residential plan once touted by the developer as having "captured the public's imagination" about what was possible for the vacant downtown site will not go ahead.
New Metro Vancouver hotels could ease high room rates
Demand for hotel rooms in Metro Vancouver pushed the average room rate in July to the highest price point ever seen in a major Canadian city: $358.35 per night. However, 21 hotel projects are underway.
Will Saputo stay in Quebec after $378M injection from CDPQ?
The Quebec multinational found itself in the news earlier this week when Frank Saputo, the older brother of Lino Saputo – the architect of the family business – sold almost all of the shares he held in the dairy processor.
Surrey's Pink Palace Hotel sold for $18 million
The iconic Pink Palace Hotel has a new owner, and we have some preliminary indications about its future. The Surrey property sold for $18 million on September 6, according to Rishi Dhir, the realtor behind the sale.
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Colliers expands engineering offering in Canada
Global diversified professional services and investment manager Colliers announced today its Canadian engineering platform, Englobe Corporation, has acquired Goodkey, Weedmark & Associates Ltd., a leading building engineering consulting firm in Ontario.
Many B.C. restaurants selling for half their pre-COVID value
British Columbia's restaurant sector continues to grapple with post-pandemic challenges, but opportunities abound for buyers. Chris van Vliet, William Wright Commercial’s Langley office team leader, said 124 restaurants are for sale in Vancouver and hundreds available across B.C.
Co-operators new national HQ opens in south Guelph
With the launch of a ‘first of its kind’ new, three-storey headquarters, Co-operators insurance is out to show it’s not only possible to build with a focus on environmental sustainability, it makes economic sense to do so.
Kitsaki buys former HSBC building in Saskatoon for $6.5M
The economic development arm of the Lac La Ronge Indian Band has purchased a vacant building in downtown Saskatoon. Kitsaki Management LP announced on Wednesday it has purchased the former HSBC building.
Development, demolition incentives ramp up in Calgary
Downtown Calgary’s office vacancies continued to decline in the third quarter as the conversion of vacant and underutilized class-B space offset negative net absorption by right-sizing tenants.
Dream seeks development partner for Gatineau project Zibi
The companies behind the Zibi development say they’re looking to join forces with another real estate firm to build amenities that could include a hotel and convention centre in Gatineau.
Edmonton approves rezoning proposal for 31-storey tower
Council has approved a rezoning proposal for a 224-unit high-rise building west of downtown on a surface lot directly beside another high-rise tower. The bylaw change for the development also allows continued use of the building already on site.
Lamont Land's new leaders continue focus on growth
COLUMN - Lamont Land's latest project is the development of Key Ranch, on the west side of Airdrie. It covers 120 acres. In the first phase, there will be 102 single-family residences and 30 duplexes, plus a multifamily site.
Classrooms to condos in Sudbury
With their prime locations and established infrastructure, former school properties offer several advantages to those who have the resources to convert them into housing. In the Greater Sudbury area, several former schools have hit the market in recent years.
SVP’s Khosla warns there’s a ‘tsunami’ coming for U.S. offices
There are “problems galore” in U.S. office real estate and it’s so troubled that it’s difficult to underwrite, according to Victor Khosla, the founder of credit investor Strategic Value Partners LLC.
Manhattan office supply hits 3-year low, driven by big finance leases
New York City’s office market seems to be slowly recovering — although the supply of the best-in-class offices tenants most covet is thinning out. The market had its most active quarter since 2021, with activity up nearly 50 per cent year-over-year.
Ontario investors see promise with Michigan paper mill acquisition
A well-known Ontario brownfield redevelopment company has acquired another former paper mill property, this time in Michigan. Tillsonburg-based BMI Group announced it's picked up the E.B. Eddy paper plant in Port Huron.
Blackstone seeks over $10B for new Asia buyout fund
Blackstone Inc. (BX-N) plans to raise more than US$10 billion in its third Asia private equity fund as the firm ramps up deployment in Japan and India, people familiar with the matter said.
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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