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Curated Properties has 3 Toronto condo projects in its pipeline
Curated Properties has 3 T.O. condo projects in its pipeline
Curated Properties is stepping up the scope of its developments and is about to launch sales for its largest project so far, a 16-storey, 269-unit condominium known as 8 Temple.
GWLRA launches 46-storey Livmore II tower in Montreal
GWL Realty Advisors is set to begin construction on a 46-storey tower on the south side of its Le Livmore Ville-Marie residential community, at the intersection of Bleury Street and René-Lévesque Boulevard in downtown Montreal.
Downward urban office occupancy temporary: Allied CEO
VIDEO: Cecilia Williams, president and CEO at Allied Properties REIT (AP-UN-T), says tours of Allied's rental office spaces are elevated and as a result sees downward occupancy as temporary, However, economic uncertainty is making it hard to get deals done.
Ottawa committee approves Taggart's residential towers
Ottawa's planning committee has for a second time approved Taggart Realty Management's plan for 16- and 27-storey residential towers at 1081 Carling Ave. — even though committee members heard the decision will almost certainly go to the Ontario Land Tribunal.
Western Securities' mixed-use UXBorough well underway
Western Securities' COO and partner Mike Brescia says Phase 1 of the 830,000-square-foot UXBorough office, shopping and residential complex — designed by GGA-Architecture — is well on its way with the construction of two towers by PCL.
Hamilton landowners speak out in favour of Greenbelt plan
The Book Road Landowners Group said in a recent statement they support the Ford government’s intent to remove some 1,964 acres of protected area in Hamilton, suggesting the lands will “provide much-needed housing” at “no cost to the taxpayer.”
 | Trez Capital Fall forecast: Strong fundamentals set this cycle apart for commercial real estateAs we navigate the complex landscape of the North American commercial real estate market, it’s important to note that the current cycle stands apart due to fundamentals. Sponsored by: Trez Capital |
Thorold votes against 198-megawatt gas plant
Thorold City Council voted unanimously on Tuesday night to reject a new 198-megawatt gas plant, one of three proposed plants in Ontario. Last fall, the province put out a call for proposals for up to 1,500 megawatts of plants.
Canada Post unveils Scarborough processing centre
Canada Post has announced the grand opening of its new Albert Jackson Processing Centre in Scarborough, east Toronto. The new facility becomes Canada Post’s largest, fastest and greenest parcel sorting facility, a release states.
Calgary’s retail space crunch drives surge in rental rates
A continuing tight supply of retail space in Calgary is leading to jumps in demand and rental rates at existing centres, according to a mid-year market report by CBRE, which said the vacancy rate has risen to six per cent.
Lush sets ambitious expansion plans
Carrie Harambasic, head of business development, says Lush has opened a new spa location in Champlain, Que., and has plans to open a few more shops in Ontario early in 2024.
Ren’s Pets expands T.O. footprint with 3 new stores
Ren’s Pets recently opened two locations in Toronto and has one more planned for this month, just in time for this year’s Halloween shopping. As of the end of September, Ren’s Pets will have opened 12 new stores in 2023.
Victoria changes pave way for more child-care facilities
Adopted changes to Victoria land-use regulations include allowing child-care facilities in more areas, with the exception of industrial zones, and relaxing rules for those located in house conversions. City staff will also be able to make decisions on development permits.
B.C. renters paying 'Airbnb tax' due to market pressures: Report
A team of McGill researchers has crunched the numbers and estimates British Columbia’s renters are paying roughly 20 per cent more than they otherwise would have due to the impact of short-term rentals.
Developers need big changes to keep up on N.S. housing
Professionals from the construction and development industries say Nova Scotia isn't building enough housing quickly enough to meet current demand. They say conditions will need to shift dramatically for the province to accommodate continued population growth.
WP Carey to spin off office portfolio into separate REIT
WP Carey's board (WPC-N) has approved a plan to exit the office assets within its portfolio by spinning off 59 properties into REIT Net Lease Office Properties, and implement a program to dispose of 87 office properties.
Shorenstein defaults on loan tied to 1.1M-sq.-ft. office tower
Shorenstein Properties has fallen behind on debt payments on a $350-million CMBS loan backed by its 1407 Broadway office property. Shorenstein is 30 days delinquent on the loan, a single-borrower, single-asset security provided by Barclays in 2019.
Investcorp acquires U.S. industrial portfolio for $216M
Investcorp has expanded its U.S. industrial holdings with the acquisition of a 31-property portfolio of approximately 1.6 million square feet across the Atlanta, Boston, central New Jersey, Allentown, Pa., and San Antonio markets for $216 million.
Rockefeller group brings 1M-sq.-ft. project to S.C.
Rockefeller Group is expanding its Greenville-Spartanburg industrial footprint with a second project in the market. Spartanburg 221, a million-square-foot speculative distribution centre, is slated for delivery in Q4 2024. Rockefeller Group acquired the 87.7 acres for $4.8 million.
Chinese office vacancy rates worse than U.S.
As the office market in the U.S. continues to grapple with vacancy rates nearing 20%, China is feeling the burn even worse. Vacancy spiked to nearly 24% in office towers across 18 major Chinese cities as of June.
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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