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GWLRA invests in renovations, food hall at Halifax's Purdy's Wharf
GWLRA invests in renos, food hall at Halifax’s Purdy’s Wharf
The opening of Bells Lane Kitchen, Halifax’s first food hall, is the latest step in Great West Life Realty Advisors' efforts to make Purdy's Wharf stand out in an office market that continues to face vacancy challenges.
Slate Office REIT shareholders OK plan to remove debt ceiling
Shareholders of Slate Office REIT (SOT-UN-T) have voted to temporarily remove a debt ceiling of 65 per cent of the trust’s gross book value to allow it additional flexibility while navigating a period of higher leverage and interest rates.
Nicola Blackwood is now Nicola Institutional Realty Advisors
Nicola Wealth Management Ltd. is rebranding Ontario-based subsidiary Nicola Blackwood Realty Advisors to become Nicola Institutional Realty Advisors and named Ron Bastin as co-managing director.
$1.6B Collingwood health village step closer to reality
Di Poce Management Ltd., Live Work Learn Play Inc. and the Town of Collingwood have executed a development agreement, taking a step closer to building the $1.6 billion Poplar Regional Health and Wellness Village on 130 acres.
Adagio rises past halfway point in Bloor-Yorkville
Menkes' 26-storey condo tower Adagio is rising at 771 Yonge St. in the heart of Bloor-Yorkville. The Giannone Petricone Associates-designed tower will include 202 condo units and retail space.
Edge 2 at Edge Towers tops off in Mississauga
Edge 2, the second of Solmar Development Corp.'s trilogy at Edge Towers, has topped off at 40 storeys at 24 Elm St. W. in central Mississauga. Oro, the third Edge Towers phase, is poised to rise 50 storeys.
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Sucro Can Sourcing building $135M Hamilton facility
Sucro Can Sourcing, a growing integrated sugar refiner, has announced plans to build Canada's largest sugar refinery at the Port of Hamilton, on lands owned by Hamilton-Oshawa Port Authority. The new refinery represents an estimated investment of $135 million.
Annual inflation rate rises to 3.4% in December
The annual inflation rate rose to 3.4 per cent in December, according to a Statistics Canada report on Tuesday. The results are largely due to higher gasoline prices last month compared with a year ago, the agency said.
Canada's Top-100 infrastructure projects unveiled
The annual Top100 Projects report, published by ReNew Canada magazine, features the 100 largest public sector infrastructure projects under development in Canada. The projects are ranked based on their confirmed project cost (capital or total contracts).
Feds investing $235.9M in 494 T.O. apartments
The federal government has announced $235.9 million to build 494 rental apartments in Toronto. The funding will come as fully repayable low-interest loans through the Apartment Construction Loan Program.
Only 63% of T.O. tenants return post-redevelopment
City of Toronto bylaws required that anyone tearing down six-or-more rental units has to replace them and offer them back to tenants at a similar price. But only 63 per cent of tenants eligible to return ever do.
JPMorgan private-asset push targets wealthy Canadians
JPMorgan Chase & Co. is building up its Canadian asset management team, with new hires planned for Toronto and Montreal, as it looks to tap into growing demand from the wealthy for private investments.
RBI buying top U.S. Burger King franchisee in $1B deal
Toronto-based Restaurant Brands International Inc. (QSR-T) announced Tuesday an agreement to acquire Carrols Restaurant Group, Inc., a publicly traded company that operates 1,022 Burger King locations in the U.S., in a $1-billion US deal.
La Cage has a big game plan . . . in Europe
In 2030, will France beat Quebec by winning the prize for the place with the greatest number of La Cage – Brasserie sportive restaurants on its territory? That's the plan French businesspeople who work with the Quebec chain want to follow.
CPP JV eyes sale of $1.8B of Signature loans
A partnership between CPP Investments, Blackstone and Rialto Capital is seeking to sell roughly $1.8 billion of CRE loans from the failed Signature Bank. The performing loans are backed mostly by apartments.
Zara owner continues European CRE spree
Zara founder Amancio Ortega struck a deal with Blackstone Inc. to buy a warehouse in the Netherlands let to Irish fashion retailer Primark, the latest of a series of logistics-asset purchases by the Spanish billionaire.
Bidders returning to CRE: JLL
Bidding activity in commercial real estate worldwide rose in late 2023, with the average number of bids per deal increasing by 16% compared with a year earlier, as measured by JLL's global Bid Intensity Index.
Office REIT's stock tanks after cutting dividend
Shares of real estate investment trust Office Properties Income Trust (OPI-Q) lost more than 40 per cent of their value in the aftermath of announcing that it would reduce its shareholder dividend to pennies.
7-Eleven acquires 204 Stripes stores in U.S.
7-Eleven announced it has entered into an agreement to acquire 204 stores from Sunoco LP, which includes Stripes convenience stores and Laredo Taco Company restaurants across West Texas, New Mexico and Oklahoma.
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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