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StreetSide picks Surrey City Centre for first concrete tower build
StreetSide picks Surrey City Centre for first concrete tower
StreetSide Developments has made its first play into concrete tower construction, choosing Surrey City Centre for its new 341-home condo project, Juno.
Zara owner acquires Amazon's Burnaby facility for $367M
Fast fashion billionaire Amancio Ortega’s family office has acquired a Burnaby warehouse leased by Amazon.com Inc., in the latest expansion of his property portfolio. Ortega’s Pontegadea Inversiones SL paid about $367 million Cdn for the nearly one-million-square-foot warehouse facility.
Long & McQuade acquires Winnipeg retail property
Music industry retailer Long & McQuade has purchased a 119,000-square-foot shopping centre on nine acres of land at 1300 Ellice Ave. in Winnipeg in the latest of a series of significant retail trades in the city over the past year.
Creditors offer over $80M for B.C. ski resort
The three secured creditors for companies behind a delayed Squamish ski resort - Aquilini Development LP, Garibaldi Resort Management Co. Ltd. and 1413994 B.C. Ltd. - have made a stalking horse bid of more than $80 million.
Bombardier unveils $670M assembly plant
Canadian aerospace firm Bombardier is in the midst of moving its aircraft assembly plant from Downsview Park to Pearson Airport. The company describes the $670-million assembly plant as the most advanced private jet manufacturing facility in the world.
Ample lands for Ottawa residential, industrial dev.: Surveys
Ottawa’s Planning and Housing Committee has received the Greenfield Residential Land Survey and the Vacant Industrial and Business Park Land Survey, which show the city has ample lands to support growth projections set out in its official plan.
 | Colliers Canada Brokerage How Edmonton landlords are enhancing the office landscapeEdmonton’s office market has remained relatively stagnant at 20.3% vacancy. Although absorption has been slightly positive, this soft market has yet to see the impact of leases executed pre-pandemic that will come due. Sponsored by: Colliers Canada Brokerage |
Vancouver's Harbour Centre launches Meet-Me-Room
Harbour Centre, a cornerstone of Western Canada's digital landscape, announced the unveiling of Meet-Me-Room 5 (MMR5), the inaugural step towards a cutting-edge, digital-first complex that integrates both Harbour Centre and Spencer Building.
Accurity buys 3 appraisal firms to broaden range, technology
Toronto-headquartered Accurity Canada Consolidated Corp. has acquired three real estate appraisal firms - in Ottawa, Salmon Arm, B.C. and London, Ont. - to grow its geographic coverage and expand its technology-based methods, according to Accurity president Stephen Otto.
TSX up as financials and real estate notch gains
The S&P/TSX composite index ended up 17.78 points, or 0.1%, at 20,924.30 on Monday as the financial and real estate sectors advanced, but gains were held in check ahead of a Bank of Canada policy decision this week.
The Well could foretell retail's future
The Well in Toronto is an example of the transformative power of retail-focused RioCan REIT (REI-UN-T) in the e-commerce age where shoppers always have the option to click and stay home instead of wandering around the mall.
Metro, Sobeys, Walmart join reuse pilot project in Ottawa
An initiative by the Circular Innovation Council will see Canadian grocery heavyweights Metro Inc., (MRU-T), Sobeys Inc. (EMP-A-T) and Walmart Canada (WMT-N) participate in a reusable food container pilot in Ottawa starting mid-2024.
New Ont. registry of bad tenants, landlords gaining traction
A new registry of delinquent Ontario tenants — and some unscrupulous landlords — is gaining traction among landlords and legal experts. Weiting Bollu founded the platform Openroom after she had trouble ousting a tenant from the home she owned in Vaughan.
Regulator’s attempt at mining condo owner data called out
An attempt by the Condominium Authority of Ontario to send emails to every condo owner in the province has raised privacy and ethical concerns with professional property managers and condo law experts.
Int'l student cap may offer temporary rent relief
The federal government’s temporary cap on international study visas may offer some “temporary relief” on Canada's overheated rental housing supply, economists say, but other factors contributing to unaffordable housing must also be addressed for rent in Canada to come down.
Site of deadly Montreal fire put up for sale
The burned-out carcass of the Old Montreal building that caught fire last year, killing seven people, has been put up for sale. A listing on ProprioDirect is asking $2.95 million plus taxes for the 5,158-square-foot lot.
Gucci owner buys Fifth Avenue building for $963M
Kering SA, the fashion firm that owns Gucci and Balenciaga, purchased a building on Manhattan’s Fifth Avenue for $963 million, the latest massive New York City real estate deal by a global luxury company.
RXR, Ares launch $1B fund for distressed Manhattan offices
RXR has teamed up with Ares Management Corp. to launch a $1 billion fund that is seeking to acquire Manhattan office towers that have struggled to stay competitive following the pandemic's reshaping of the workplace, The Financial Times reports.
BlackRock to sell Shanghai office towers at 30% discount: Sources
Sources say New York-based asset manager BlackRock Inc. is seeking to sell an office complex in Shanghai at about a 30% discount to its purchase price, reflecting the sluggish commercial property market in China’s biggest city.
American Healthcare REIT seeking $700M in IPO
Irvine, Calif.-based senior housing and assisted living property owner American Healthcare REIT Inc. is seeking to raise about $700 million in an initial public offering, according to sources.
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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