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Mixed-use multires growing sector for Canada's developers
Mixed-use multires growing sector for Canada's developers
More Canadian real estate investment trusts and developers are expanding their footprints in the multiresidential space via mixed-use developments. Often, there are solid economic reasons. Sometimes, it is mandated by the community where they are developing.
John Nicola to step down as Nicole Wealth CEO at end of 2025
Nicola Wealth founder and chief executive officer John Nicola has taken the first step to transitioning his company’s leadership, announcing this morning he will hand over the reins as CEO to his son Chris Nicola by the end of 2025.
Toronto office owners woo workers with upscale food, drink
As workers slowly trickle back to offices left empty during the pandemic, commercial landlords are spicing things up with a culinary renaissance. Throughout the downtown core, new food and beverage locations are sprouting up, and existing drinking and dining spots are upping their games.
CPPIB joins Equinix, GIC in $20B data centre joint venture
Canada Pension Plan Investment Board is forming a joint venture to raise $20B to buy land and build new data centres catering to the largest technology companies in the U.S., in partnership with Singapore's GIC and Equinix Inc.
Guelph class-A industrial logistics facility nears completion
Forager Real Estate Partners, a Toronto-based private equity developer and asset manager, and Mississauga-based Sherway Group, are nearing completion of a 170,000-sq.-ft. facility which will add class-A logistics space to the area.
 | KOLT Realty Inc., Brokerage The evolution of small bay industrial real estateThe shift from institutional ownership to tenant-led demand is opening new opportunities for industrial condo conversions. As businesses recognize the benefits of ownership, companies like KOLT are positioned to lead, offering expertise and innovative solutions aligned with evolving market needs. Sponsored by: KOLT Realty Inc., Brokerage |
Initial Calgary office conversion projects still underway
As Calgary restarts its office conversion program, the projects it previously committed to funding are still underway. Only one project — the Cornerstone, a 112-suite building on 5th Avenue S.W. — has reached the finish line, with 10 in progress.
Apartments snapped up in former Kitchener office building
The $12-million conversion of the 10-floor office building at 30 Duke St. W. into apartments should be finished by year’s end, adding 128 one-bedroom units to the city core.
Number of Greater Montreal homes in flood zones doubles
The number of residential buildings considered to be in flood-prone zones in the Greater Montreal region will double to about 15,500 – almost 20,000 households – according to preliminary flood maps unveiled by the Montreal Metropolitan Community council.
Highrises proposed at edge of Kitchener near 401
LJM Developments has submitted a proposal for a mixed-use complex with 726 residential units in the southeastern corner of Kitchener. The site is located just north of Highway 401, offering drivers access to Cambridge and the Greater Toronto Area.
Higher development charges coming to Port Colborne, Ont.
The amount the municipality will charge developers to help it reclaim the cost of infrastructure is set to double, and then some, as rates are set for the next decade.
Kingston's first geo-exchange rental building opens
Podium Developments, in partnership with Secure Capital Partners, Blue Vista Capital Management LLC, Vestcor, and OPTrust, has announced announce the grand opening of its newest rental building, GEOcentral, offering 344 residential units and 10,500 square feet of commercial area.
Townhouses proposed for Oakville's Lakeshore Rd. W.
Garden Residences Corp. has submitted an application for a mixed-use townhouse community in Oakville. The development comprises 48 units — each with its own parking space — and over 2,000 sq. ft. of ground-floor commercial space.
Developers win appeal to build stacked towns in Cambridge
The developers behind a plan to tear down a fourplex and single-family home on Blair Road to make way for 32 stacked townhouse units have been given the go-ahead by the Ontario Land Tribunal.
Former downtown London, Ont. storefront gets new life
A new bargain shopping business is coming to downtown London as a Toronto-area entrepreneur converts the former Metropolitan department store along Dundas Place into a 20,000 -sq.-ft. liquidation shop.
Real Estate Podcasts
Cameron Choquette, Sask. Landlord Association: The Sask. Rental Market, CRE Podcast
Ivo van Breukelen, The Proptech Connection: Global Proptech Trends and Insights, Tenant Experience Network
Kane Wilmott, iQ Offices: Will Coworking Offices Survive? VCREP
Ontario Teachers, Hines buy Australian rental projects for $327M
The Ontario Teachers’ Pension Plan board and investment manager Hines have extended their exposure to Australia’s growing build-to-rent sector with the acquisition of two Brisbane assets in a deal worth C$327 million.
3 reasons to consider REITs as markets eye refinancing boom
After long years of underperformance, REITs may be back in vogue. The sector has shown strong momentum since mid-year, coinciding with the market adjusting of its mid-term interest rate expectations.
RFR's Chrysler Building lease terminated, landlord says
A partnership led by RFR Holding has held the ground lease to the iconic Chrysler Building for the past five years, but it stopped making rent payments after May, according to Cooper Union, the private college that owns the land.
Sterling Organization buys 1M-sq.-ft. retail portfolio for $180.5M
Sterling Organization has closed on the US$180.5 million purchase of a 994,000-square-foot portfolio of open-air shopping centres, the company announced. SITE Centers sold the three properties located in the Atlanta, Washington, D.C., and San Antonio metropolitan areas.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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