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Greystar in early stages of Canadian expansion
Greystar in early stages of Canadian expansion
Greystar recently named John Wilbeck as managing director of its Canadian operations, and the American company is intent on increasing its presence north of the border.
 | Design, Policy and Canadian Cities The untapped market: Why developers should build larger housing units for familiesNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
First phase of 2,800 units approved for Quayside in Toronto
Toronto City Council has adopted a zoning bylaw amendment for the first phase of the waterfront Quayside development for 458 affordable rental homes and 2,353 market units. The rezoning will permit three mixed-use towers of 70, 64 and 55 storeys.
Office sector is slow on transactions: Dream Office REIT CEO
VIDEO - Dream Office REIT (D-UN-T) CEO Michael Cooper says ever-shifting work-from-home policies in Canadian workplaces make it diffcult to predict the direction of the office market. Businesses are also finding it hard to make long-term decisions.
Building owners eye upgrades amid return-to-office
Updating amenities to entice employees to return to offices is just one trend highlighted by CBRE in its report on Canadian office figures. These include everything from boutique gyms and sleek dining options to bike storage and shower facilities.
 | North American Steel Square vs. cube: Maximize storage & cut costs efficientlyMaximize storage with less space by moving to modern facilities. Older buildings with low ceilings are less efficient. Embrace taller racking systems for cost savings, improved productivity, and sustainability. Achieve significant annual savings and operational enhancements by modernizing storage solutions. Sponsored by: North American Steel |
Goodyear announces $575M expansion of Napanee tire plant
Goodyear Canada is set to invest more than a half-billion dollars to expand and modernize its tire plant in eastern Ontario, with the goal of making the plant net-zero in less than two decades.
WSP buys U.S. engineering firm for $2.44 billion
Toronto-based engineering firm WSP Global agreed to buy energy-focused rival Power Engineers for $2.44 billion with the financial backing of Singapore’s sovereign wealth fund and three large Canadian pension funds. The deal continues an acquisition spree for WSP.
This group of investors is making major acquisitions
OPINION - Economic Indigenous reconciliation is becoming big business in Canada. Indigenous Peoples are significant owners in critical economic sectors, notably energy, transportation and public works infrastructure and financial services. And they are investing at an accelerating pace.
Slate-owned Metrotown Place office towers listed for sale
Almost exactly one month after the Metrotown Place office towers owned by Slate Asset Management were placed under receivership on July 8, the sales process has begun, according to a sales brochure obtained by STOREYS.
Regulator could fine businesses using property controls
Following an investigation into the parent companies of Loblaws and Sobeys, Canada’s Competition Bureau says businesses utilizing property controls in CRE could face fines. Property controls can compromise competition by making it difficult for other businesses to open.
Roncesvalles development from Vandyk finds buyer
A judge is set to review an approval and vesting order this week for the site of a proposed 15-unit townhome project. The Wabash Avenue site is one of a dozen from the Vandyk Group of Companies in receivership.
West Vancouver passes multi-unit bylaws after ultimatum
The District of West Vancouver has passed bylaws that pave the way for multi-unit housing on single-family lots. The decision comes after the B.C. government issued an ultimatum threatening the province would pass the rules itself and issue penalties.
12-storey Hamilton residential development nears approval
City planning staff are recommending approval of a plan to build a 12-storey, 127-unit residential building on James Street North at Barton Street, on the site where the Mission Services men’s shelter once stood.
Redevelopment proposed for police HQ in St. Catharines
The Region of Niagara has submitted a conceptual mixed concept redevelopment plan for 68 Church Street in downtown St. Catharines, on the site of the former Niagara Regional Police headquarters.
REIT Q2 2024 financial reports
Inovalis REIT, (INO-UN-T), Business Wire
RioCan REIT, (REI-UN-T), Business Wire
Slate Office REIT, (SOT-UN-T), Business Wire
NYC’s aging midtown buildings lure property mogul Larry Silverstein
Larry Silverstein, the developer behind the World Trade Center complex in Manhattan, is eyeing more opportunities uptown. The 93-year-old real estate mogul said he would consider expanding more in midtown as commercial property distress spurs more deals.
Illinois is investing huge in a quantum future. Why should CRE care?
Illinois is racing to establish itself as a global hub for quantum research. One of the best parts: Remote work is not an option in the quantum industry, meaning built-out spaces will remain stable for years.
Blackstone sells 3,000 homes to U.K. pension fund for £405 million
Blackstone Inc. sold 3,000 homes to the United Kingdom’s largest private pension fund for £405 million (C$711.5 million), making it one of the biggest housing deals this year.
Billionaire Ellison buys posh hotel in Palm Beach enclave
Larry Ellison is purchasing a luxury hotel in the Palm Beach-area enclave where he dropped $173 million on a residential compound two years ago. The Oracle co-founder bought the Eau Palm Beach Resort & Spa for an undisclosed amount.
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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