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Vicano signs logistics firm for new Brantford industrial build
Vicano signs logistics firm for new Brantford ind. build
Vicano, one of Southwestern Ontario’s most active industrial developers, has launched construction of a 440,000-square-foot logistics facility in Brantford, a hot market for the past four years which has millions of square feet in the development pipeline.
Oxford to convert historic London office bldg. to life sciences
Oxford Properties Group and Pioneer Group announced plans to convert a 300,000-square-foot office building in London, U.K., into a life sciences hub, continuing its global interest in the sector.
Calgary, Rocky View County to JV on logistics hub
Rocky View County council has approved a new agreement with the City of Calgary to co-develop Prairie Economic Gateway Initiative - an inland logistics hub and rail transload facility along Calgary’s Shepard Industrial Area.
Tridel gets OK to begin final phases of Regent Park
Toronto council approved Toronto Community Housing's rezoning application for Regent Park's Phase 4 and 5, enabling Tridel Builders Inc., to begin the final phases. Highlights include 3,246 residential units and 112,601 square feet of commercial and non-residential space.
Montreal office vacancies rise in Q2: JLL
Greater Montreal vacancy rates rose to 13.6 per cent in Q2 from 13.5 per cent three months earlier as tenants vacated almost 260,000 square feet of downtown office space. It marks the ninth consecutive quarter of negative absorption.
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KingSett proposes 43- and 44-storey towers
KingSett Capital has proposed 43- and 44-storey towers at 2 Denarda St., a 500-metre walk from the soon-to-open Mount Dennis GO station. The Giannone Petricone Associates-designed towers would total 1,070 residential units.
RioCan's The Well nears completion
The Well, RioCan REIT’s massive mixed-use development in downtown Toronto, is nearing substantial completion. The design includes 320,000 square feet of retail and food service and 1.2 million square feet of office space. It also includes 1,700 residential units.
CRE building codes lack strong wildfire provisions: Expert
Samantha Sannella, managing director, consulting services, Canada at Cushman & Wakefield, says the growing fire threats are forcing innovation in design and development that could include the use of fire-resistant building materials and technology to oversee sensors and fire suppression systems.
StorageMart opens new location in Scarborough
StorageMart has opened its state-of-the art storage facility on Danforth Road in Scarborough. Formerly workshop spaces, this location has been rebuilt from the ground up and boasts 65,000 square feet of climate-controlled units in assorted sizes.
Loblaw preps new CityMarket in Vancouver
Loblaw (L-T) is set to open a new two-floor CityMarket in Vancouver. The 22,000-square-foot grocery store, to be located at 1477 W Broadway, is expected to open in early 2026.
LensCrafters opens flagship location in Toronto
LensCrafters, one of the largest optical retail brands in North America, announced the opening of the company's first flagship in Canada, at 33 Bloor St. E. in Toronto's premiere Yorkville shopping district.
Reliance JVs with Brookfield on India data centres
Reliance Industries. has partnered with Brookfield Infrastructure and Digital Realty Trust to develop data centres in India, heating up competition in the quickly growing market. Reliance will invest $46 million US in Mercury Holdings SG Pte.
Lab supply boom rewriting life sciences playbook
With increased concessions, more rental discounts and, perhaps by the end of 2023, lower rents for labs, the increase in supply continues to alter life sciences real estate. It is a quiet echo of the sector’s boom in 2021.
URW sells San Diego mall for $290M
As part of its multi-year deleveraging strategy, Unibail-Rodamco-Westfield has completed the sale of two parcels comprising the 1.5 million-square-foot Westfield Mission Valley shopping centre in San Diego. The deals amounted to a total of $290 million.
China seeks to boost demand by pushing urban dev.
China's cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government's latest move to support the economy, state media reports. The post-COVID recovery in China is faltering as demand weakens at home and abroad.
Vancouver looks to eliminate single-family zoning rules
Vancouver housing could become radically more dense if the city allows up to six homes per lot for the half of land traditionally reserved for single-detached dwellings. Council votes this week on whether to send the change to public hearing.
Time to sell a house halved in many Ontario markets
Based on a June study by online realtor Zoocasa, Ontario’s most competitive housing markets appear to be London, Ajax, Oshawa, Newmarket, Pickering, Milton and Orangeville, with selling times ranging from 11 to 14 days.
As more people arrive, Alberta housing lags
OPINION: “Housing supply is failing to keep up with population growth, putting pressure on house prices (especially in Calgary) and rents (across Alberta),” states an economic report released last week by the Business Council of Alberta.
Great Gulf Group launches Beacon Residential brand
Great Gulf Group announced the launch of the Beacon Residential brand, the company's purpose-built, single-family-rental community division. Great Gulf's build-to-rent U.S. portfolio comprises 16 communities, nine currently for lease and several more expected to launch this year.
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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