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Mattamy forges ahead with BLVD. Q condos, ClockWork Phase III
Mattamy forges ahead with BLVD. Q, ClockWork Phase III
Mattamy Homes is bucking economic concerns in some sectors of the development industry and forging ahead with BLVD. Q, its latest condominium development in Toronto. It is also moving ahead with Phase III at Oakville's ClockWork development.
 | The People Space Executive hirings at Oxford, AHIP, TAS, Alate, Colliers ...Don WilcoxManaging Editor, RENX |
IKEA Canada to invest $400-million in fulfillment network
When people north of Toronto visit IKEA Canada’s store in Vaughan, Selwyn Crittendon says it will be hard to tell there’s a transformation underway in the bowels of the building, away from the maze-like aisles leading customers through the showroom.
Calgary hotels face 40% jump in assessed value, taxes
Preliminary assessment data indicates property values for 108 local hotels and motels in Calgary have recovered from pandemic lows, with an assessed value for 2024 up 42 per cent to $1.18 billion from $832 million in 2023.
The City of Vancouver's review of industrial land policies
Since 2020, about five million square feet of space lost to Calgary alone cost the region an estimated 6,300 direct jobs and nearly $500 million in GDP. As such, city staff want to update Vancouver’s 1990s-era industrial land policies.
Fort Macleod manufacturer building $28.5-million facility
A Fort Macleod manufacturing company is spending $28.5 million to build a facility in the southern Alberta town. Structural Truss Systems Ltd. has grown such that production has maxed out at the current location, CEO Brent Feyter said.
 | Trez Capital Multi-family investment: Opportunity in a challenging marketWhile the North American commercial real estate market faces unique challenges, the multi-family real estate asset class has shown remarkable resilience, even in the continued current high-interest-rate environment. Sponsored by: Trez Capital |
Cineplex rides blockbusters to best quarter ever
Cineplex CEO Ellis Jacob talks about the theatre chain's record quarter with net income of $29.7 million, how blockbuster films helped bouy Cineplex results, and what’s next for the company with Hollywood strikes now settled.
Bad Boy Furniture to restructure business, faces challenges
Bad Boy Furniture Warehouse Ltd. is aiming to restructure its business through a filing made under the Bankruptcy and Insolvency Act. The GTA-based furniture company says in Ontario court filings that Bad Boy is operating in a “challenging” economy.
Indigo launches plan to return to profitability
CEO Heather Reisman says Indigo Books and Music Inc. (IDG-T) is embarking on a transformation plan filled with short- and long-term initiatives meant to deliver growth and profitability to the books and home goods retailer.
Tanger pays $70M for North Carolina shopping centre
Tanger Outlets has acquired Asheville Outlets, a 382,000-square-foot, open-air shopping centre in Asheville, N.C. selling for $70 million in an all-cash, off-market transaction. Earlier in 2023 it became subject to a $90.9-million loan from Wells Fargo.
Amazon to resume its expansion of physical stores
Amazon has a large online grocery business but in recent years the Seattle-based company has expanded into physical stores including Whole Foods, convenience stores, pocket markets and Amazon Fresh supermarkets that the company began opening during the pandemic.
Brazil's Natura sells The Body Shop in $254-million deal
Brazilian cosmetics maker Natura &Co has signed a binding agreement to sell subsidiary The Body Shop to private investor Aurelius Group in a deal with an enterprise value of $254.32-million US. Natura grew rapidly through high-profile acquisitions.
Is CRE lending bottoming out?
Although transaction activity remains modest, it appears that borrowing costs might have peaked, presaging renewed stability in the CRE lending market, according to the third-quarter CBRE Lending Momentum Index. An uptick in deal volume is expected in Q2 2024.
The 'godfather' of life sciences RE faces downturn
In 1996, Joel Marcus was unsure how much longer his business would survive. Co-founders of Alexandria Real Estate Equities were pitching the idea of a business focused on owning lab properties and leasing them to the emerging biotech industry.
Hot desking next threat to office market: Morgan Stanley
“Along with work from home, hot desking is one of the most structurally damaging headwinds facing the office market,” Sebastian Isola and fellow Morgan Stanley analysts wrote in a note to clients.
Competitors eye space abandoned by WeWork
Landlords have braced for the potential impact of the coworking giant pulling out of leases – including an initial round of 69 leases the company wants to abandon. The coworking industry WeWork revolutionized could shift as other providers step up.
Elliot Doomes to head U.S. gov't real estate division
Elliot Doomes has spent nearly his entire career making crucial decisions about U.S. federal real estate. Last month, he became the head of the government's 350-million-square-foot portfolio and the 5,800 employees who manage it.
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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