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Bosa acquires industrial park, dev. land in Chilliwack, B.C.
Bosa acquires industrial park, dev. land in Chilliwack, B.C.
Bosa Properties has acquired the Legacy Pacific Industrial Park in Chilliwack, B.C., which contains 300,000 square feet of existing space plus excess land for expansion, in the city's largest-ever industrial transaction.
PC Urban, Fiera to redevelop South Van. multifamily property
PC Urban Properties and Fiera Real Estate are expanding their Metro Vancouver multifamily investment partnership to develop 141 rental homes – including 12 townhomes – at a property in South Vancouver.
Penticton city council approves 11-building mixed-use
Penticton city council has approved a 10-acre mixed-use project. Richmond, B.C.'s Stryke Group and Tien Sher Group of Companies have proposed 11 buildings up 12 storeys with upwards of 1,500 residential units plus office and retail space.
Patient money will stay on CRE sidelines: Colliers
VIDEO: Brian Rosen, president and CEO of Colliers Canada, discusses the impasse in Canada’s real estate market amidst the current rate hiking cycle. He also explains why the asking rents for offices are rising along with vacancies.
Jesta Group inaugurates Place Gare Viger
The Jesta Group announced the inauguration of Place Gare Viger, a 750,000-square-foot downtown Montreal project comprising residential, commercial, hotel and office components, including the restoration of the historic Château Viger building.
 | CBRE Leading the charge: 1308 Adanac ignites change in EastAristotle, a five-storey office and light industrial building in East Vancouver, sold for $37.5M, $12.5M above the assessment value. The development of this property sparked a shift towards revitalizing South Creek Flats, bringing light industrial projects to the forefront. Sponsored by: CBRE |
Van. approves fees increases to limit property tax hikes
Various fees associated with rezoning, development and building permits in Vancouver will go up around nine per cent, starting next year. Councillors voted Tuesday to approve the increases, with this option preferred instead of massive hikes to property taxes.
OPINION: Office conversion boosterism not going to work
Office conversion can sometimes cost more than demolition and rebuilding from scratch. Now, in an environment of high interest rates and the credit developers need for these projects being hard to come by, office conversions are even harder to accomplish.
Giant Tiger roars into London, Ont.
Giant Tiger Stores Limited announced the official grand opening of its fourth location in London, Ont., on Saturday, Oct. 14. The new 18,800- square-foot Giant Tiger is located at 50 North Centre Rd.
Sport Chek to anchor SmartCentres Etobicoke Index
The SmartCentres Etobicoke Index site has secured Sport Chek to join its tenant mix. Sport Chek, along with Mark’s, which are part of the Canadian Tire Corporation (CTC-T) umbrella, will retrofit the former 70,000-square-foot SAIL space at Index.
Fuwa Fuwa Pancakes expanding across Canada
One of North America’s most popular dessert brands Fuwa Fuwa Pancakes has opened its third location in Calgary at Chinook Plaza, the company’s fifth cafe in Alberta. The brand currently has 22 locations in Canada and internationally.
Vancouver council loosens rent limits
Hoping to “unstick” thousands of approved but unbuilt rental homes, Vancouver city council loosened affordability rules for below-market units. The changes mean maximum starting rents on below-market units are pegged at a 20 per cent discount below citywide average rents.
Couche-Tard seeks to sell 68 U.S. Circle Ks
NRC Realty & Capital Advisors has been engaged again by Alimentation Couche-Tard Inc. (ATD-T) to coordinate and manage the marketing and sale of 68 Circle K sites across 21 U.S. states with an average store size of 2,300 square feet.
Life insurance companies aren't overexposed: Fitch
U.S. life insurance companies, which were among those still financing commercial real estate when banks started stepping back, might not be in danger of overexposure to the sector, Fitch Ratings said Tuesday.
Technology is shaping banks’ office strategies
The competition for tech talent is prompting banks to restructure their real estate portfolios. Dallas now houses the second-highest number of financial services jobs as new business objectives and technology drive the location strategies of banks, including Bank of Montreal.
Owners nab rare refinancing for 2 NYC office towers
Triangle Assets, along with real estate investor Faraj Srour, have scored a $101.5 million refinancing package for two office properties in Midtown Manhattan in an increasingly dire capital markets environment for owners of commercial buildings with maturing debt.
D.C.'s Metropolitan Square office building sells for $305M
An office building one block from the White House has traded for $305 million, a rare nine-figure office sale in a slow market. Metropolitan Square, one of D.C.'s largest office buildings, was purchased by Artemis Real Estate Partners.
U.S. universities gobbling up office buildings
Dozens of U.S. schools are picking up vacant office buildings, making the most of the sector’s pain by increasing the size of their campuses and real estate portfolios at a low price.
Brooklyn waterfront revival aims for the sweet spot
PAU's conversion of a block-long sugar refinery in Brooklyn into high-end office space was an unprecedented challenge. Built in 1884 and abandoned two decades ago, the crimson goliath has loomed over Williamsburg’s low-rise industrial waterfront like a primordial geological formation.
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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