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Blackstone opens Toronto office, plans more Cdn. investment
Blackstone opens T.O. office, plans more Cdn. investment
Now that Blackstone (BX-N) has formally opened its Canadian office in downtown Toronto, the world's largest private equity investor is doubling down on its stated goal to increase its Canadian real estate holdings, according to its North American head of real estate.
REITS focus on balance sheets amid economic turbulence
REITs were introduced in the U.S. in 1960 and are active in 41 countries with a combined population of five billion and comprising 83 per cent of global GDP, REALPAC CEO Michael Brooks said during the RealREIT closing roundtable.
Corel’s former Ottawa HQ up for sale
The former headquarters of graphics software pioneer Corel - formerly one of Ottawa’s most prominent tech companies – has been put up for sale by owner Manulife Investment Management. The eight-storey 183,000-square-foot, class-A office complex is currently 81 per cent occupied.
 | CRE Matters Bringing uniformity to New Brunswick tax assessments would ease many headachesRob NewmanSenior Director of Property Tax Services, Colliers |
Office rents hold firm despite vacancies: Colliers
A steadily high vacancy rate isn’t leading to lower listing prices for office space in Toronto, according to a snapshot of office and industrial space across Canada from Colliers International.
 | Colliers Canada Brokerage Creative strategies for a challenging southwestern Ontario commercial real estate marketTen interest rate increases in the past year and a half have led to a tightening credit environment. However, with tightened conditions, transactions can be still be completed if creative deal structures are employed. Doug Murray of Colliers Canada shares more about his experience in Southwestern Ontario. Sponsored by: Colliers Canada Brokerage |
The Slayte one of Ottawa's first office conversions
InterRent REIT's (IIP-UN-T) The Slayte, in downtown Ottawa, has transformed from a vacant government office built in the 1970s to a 158-unit apartment building with amenities such as a gym and rooftop terrace, a hot tub and lounge.
How Isadore Sharp built a luxury-hotel empire
Isadore Sharp, without a background in business or access to family wealth, built one of this country’s most iconic companies and created a brand synonymous with luxury around the world - Four Seasons Hotels & Resorts.
CT REIT distribution yield crosses six per cent
Unlike office REITs, CT REIT (CRT-UN-T) did not see any dip in occupancy rate or rental income. Even though its partner company Canadian Tire feels the pressure of a weak economy, it has sufficient liquidity to meet expenses.
Save-On-Foods to open new store in Prince George, B.C.
Save-On-Foods is set to open its new store in Prince George, B.C., today. The 38,924-square-foot store is located in the newly transformed Pine Centre Mall.
Costco tops quarterly revenue, profit estimates
Costco Wholesale (COST-Q) topped market estimates for quarterly revenue and profit on Tuesday as consumers flocked to its stores for cheaper groceries and other necessities, helping offset feeble demand for big-ticket discretionary items.
Winnipeg accused of delaying, derailing property plan
The City of Winnipeg is being accused of unfairly holding up Earl’s Holdings (Main Street) Ltd.'s redevelopment of a prominent Main Street property for more than a decade, most recently by attempting to buy back part of the land.
Van. eyes loosening rent limits to boost construction
Vancouver’s planning department is proposing policy amendments it says could boost building of thousands of needed market and below-market rentals. The trade-off is making the below-market homes less affordable and loosening rent-control rules.
Van.'s plan to hike dev. fees jeopardizes housing funding
Burnaby Mayor Mike Hurley has slammed the federal housing minister for holding up desperately needed funding for new homes because of Metro Vancouver’s proposal to increase fees for developers.
Population surges on 46% jump in temporary residents
Canada's population stood at roughly 40.1 million on July 1, an increase of nearly 1.2 million from a year earlier, according to Statistics Canada. At three per cent, this increase was the largest over a 12-month period since 1957.
Ontario Rental Registry unveiled
The new Ontario Rental Registry, designed by non-profit Vivre en Ville and launched Tuesday, hopes to bring transparent and reliable information to renters, landlords and policy makers in the province.
BGO IREIT acquires interest in $948M U.S. industrial portfolio
BGO Industrial Real Estate Income Trust, Inc., announced the acquisition of an indirect 34.2% ownership interest in a portfolio of Midwestern industrial assets valued at approximately $948 million in exchange for 13 million units of its operating partnership.
Brookfield in refinancing talks on $1.1B London tower
Brookfield is in dialogue with the servicer of a loan secured against the Citypoint office tower in London. The tower was revalued at $1.1 billion Cdn in March, a 10% drop from the previous value of $1.2 billion.
London suffering an office ‘recession’: Investment bank
London’s office market has plunged into a “rental recession,” with the share of empty space hitting its highest level in three decades, investment bank Jefferies said in a note Wednesday.
European real estate stocks tumble
European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on U.K. property owners, while negative corporate updates dented shares of Dutch insurers and Swiss bank UBS.
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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