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Hazelview's pipeline: $13.4B in value, over 21,000 rental housing units
Hazelview's pipeline: $13.4B value, over 21,000 rental units
Hazelview Investments has a $13.4-billion development pipeline of 21,000 residential units it can deliver on properties it already owns. Much of the growth will come through intensifying existing assets in the Toronto, Montreal, Ottawa and Halifax areas.
WCRI buys 7 student housing properties, sells 1 in Waterloo
Waterloo Co-operative Residence Incorporated (WCRI), North America’s largest student housing co-operative, sold one property and then acquired seven other buildings in Waterloo in transactions valued at close to $60 million.
WeWork is bankrupt. Where do we go from here?
It finally happened. After years of speculation, handwringing, and infusions of capital, co-working pioneer WeWork (WE-N) has entered bankruptcy, the culmination of one of the biggest destructions of value in real estate history. The question now is: what's next?
Feds unlock public lands to build 2,800 more housing units
The federal government says it will build more than 2,800 homes on its properties in cities across the country, putting it on track to build 29,200 homes on public lands over the next six years.
Westbank faces lawsuits over Mirvish Village redev.
High-profile Canadian real estate developer Westbank Corp. is being sued by four construction companies for more than $25-million in unpaid work at the large Mirvish Village rental apartment project in Toronto.
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Mosaic launches Coquitlam mixed-use community
Mosaic Homes announced the introduction of Town & Centre, a two-tower development with over 500 apartments for sale and rent, in addition to 12,000 square feet of commercial space for retailers, services and eateries in the Coquitlam Town Centre neighbourhood.
Greenworld seeks support for 13-building Barrie project
Greenworld Construction is asking Barrie councillors to support a community infrastructure and housing accelerator order to support the development of 13 residential buildings of 15 to 40 storeys, comprising 4,054 residential units, commercial uses and a school block.
Nutrien Tower achieves rare LEED Platinum certification
Nutrien Tower in downtown Saskatoon has become part of an exclusive club of Canadian buildings, achieving LEED Platinum certification thanks to the embodiment of sustainability in every aspect of its design, and within the company’s culture.
Downtowns will survive the 2020s: KingSett CEO
Jon Love, CEO of KingSett Capital Inc., has navigated past recessions and recalls similarly pessimistic prophecies for downtowns during the downturn in the late 1980s, which featured soaring office vacancies and a wave of commercial real estate loan defaults.
Winnipeg's Portage Place getting a second chance
In Winnipeg, the mall that was going to save downtown was called Portage Place. As in most other cities, Portage Place soon began a long, slow march of decline, as it became clear that downtown could never out-suburb the suburbs.
Restaurant industry sees 55% uptick in bankruptcies
Inflation is taking a huge toll on restaurant owners, with bankruptcies up about 55 per cent — much higher than the rate pre-pandemic according to Richard Alexander of Restaurants Canada. He says across the country owners are facing “double-digit inflation.”
Quebec City booms, Montreal stalls in October housing sales
Quebec City saw its third-highest number of October residential sales in 23 years, while residential transactions in Montreal dipped to “anemic” levels in October 2023, according to Quebec Professional Association of Real Estate Brokers data.
First of 5 of Saint John waterfront buildings nearly underway
The long-awaited Fundy Quay development on Saint John's old Canadian Coast Guard site is nearly underway, says Chris Elias, vice-president of development for family-owned Fundy Harbour Group. In all, 677 residential units are planned in addition to retail space.
Brookfield raises $26B on Oaktree, infra fund boost
Brookfield Asset Management Ltd. (BAM-T) raised $26 billion in the third quarter and said it’s on track to bring in close to $150 billion in fresh capital this year, despite a tough fundraising environment.
Couche-Tard European acquisition green-lighted
Alimentation Couche-Tard Inc. (ATD-T) announced it has received a decision not to oppose from the European Commission for the acquisition of certain European retail assets from TotalEnergies. The corporation anticipates the completion of the acquisition in December 2023.
Starbucks plans to open 17,000 new stores
Starbucks is rolling out a new plan to cut $3 billion in costs while simultaneously opening an average of eight new stores per day until 2030. The company plans to expand its global presence to 55,000 locations by 2030.
Welltower plans $3B senior housing/nursing sector buy
Welltower (WELL-N) Inc., a REIT and S&P 500 company, has announced plans to acquire properties in the senior housing and skilled nursing sector. The Ohio-based company has set an ambitious target of $3 billion for these acquisitions.
London’s skyline to be transformed in just six years
By 2030 the City of London financial district will have sprouted an entirely new crop of skyscrapers. The Square Mile is to get 11 new towers, the tallest of which will be the highest in the district.
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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