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Astria taps small-business demand with Langley ind. build
Astria taps small-business demand with Langley ind. build
Astria Properties, a relative newcomer to B.C.’s industrial development scene, has launched sales for a strata project in Langley the company says is tailored for smaller businesses that need a mixed space with micro-fulfillment, light manufacturing and office uses.
Metropia cites 'location' at T.O.'s 50-storey The Hill launch
"Location, location, location!" isn’t a mere throwaway adage, it’s the strategy underpinning Metropia’s decision to launch a 50-storey condo project in Midtown Toronto amid strong economic headwinds.
Chinese lender sues Canadian law firm over The One
The Chinese state-owned lender that provided early financing for The One, Sam Mizrahi and Jenny Coco’s luxury condo development in Toronto, is suing its Canadian legal counsel for negligence and a breach of fiduciary duty, according to court documents.
Brookfield Property risks being cut to junk: S&P
S&P Global Ratings said it is considering cutting Brookfield Property Partners (BPYPO-Q) to junk status because the commercial property company has “substantial” amounts of maturing debt to refinance during a time of higher interest rates and lower property values.
Older office buildings face far higher vacancy rates
Businesses have been taking advantage of the reams of office space in Canadian downtowns, moving out of older buildings and into the newest office skyscrapers since the COVID-19 pandemic – sending the vacancy rates of the outdated properties soaring.
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Office conversions a positive trend in Wpg.
OPINION: Flipping barren office spaces to residential units has become an all-too-popular post-pandemic trend in Winnipeg’s downtown. A century-old Sterling Building at 283 Portage Ave. was the first to see a major conversion to 64 suites in 2018.
Fate of CMHC's Ottawa office space up in air
Canada Mortgage and Housing Corp. still hasn’t decided what to do with more than 220,000 square feet of office space at its three-buildings main campus on Ottawa's Montreal Road that was vacated during the pandemic, the agency said Friday.
Fasken opens first F.N. office at Taza
Fasken Martineau DuMoulin LLP’s new 6,000-square-foot space office in the Tsuut’ina Nation - part of Taza, a 1,200-acre, $11-billion, Indigenous-owned development project - is a tangible sign of the firm’s commitment to reconciliation with Indigenous peoples.
Global CEO advisory firm Teneo launches Calgary office
Global CEO advisory firm Teneo held a reception last week to announce the official opening of its Calgary office and to introduce its managing director Lauren Ramey. Teneo opened a Toronto office in 2016 and another in Montreal in 2020.
Builder defaults on payments linked to Fortress collapse
Richmond Hill-based real estate developer Sunrise Homes has defaulted on a court-ordered settlement to repay the millions of dollars it owes to lenders caught up in the collapse of Canada’s one-time largest syndicated mortgage company Fortress Real Developments Inc.
'One step at a time': Canada's retailers tackle packaging waste
As Canada’s retailers and suppliers wrestle with phasing out plastic packaging against the tide of convenience and cost, industry figures at the inaugural Retail Sustainability Conference outlined solutions and challenges in this delicate dance.
Ottawa airport hotel on track for 2025 opening
Group Germain plans to start laying the groundwork this week for a 178-room Alt Hotel at the Ottawa International Airport that will be attached to the airport terminal, says vice-president of operations Hugo Germain.
Paige O'Neill returns to lead Calgary's Market Mall
Paige O’Neill has spent almost 30 years working for shopping centres, the majority of that time as a marketing co-ordinator at Chinook Centre starting in 1994. O’Neill recently took over as general manager of the 900,000-square-foot CF Market Mall.
GST removal will spur rental projects: Townline Homes
“The GST has definitely impacted decision-making for a lot of us, for those projects that didn’t quite work, where there was no margin,” said Rick Ilich, CEO for Vancouver’s Townline, which builds rental apartments.
Scotiabank, Sun Life form private assets relationship
Scotiabank Global Wealth Management and Sun Life Capital Management today announced plans to develop and provide private asset solutions to high-net-worth clients in the Canadian market through Scotia Global Asset Management.
Canary Wharf's iconic tower blocks increasingly unoccupied
Some of Canary Wharf's most iconic office buildings are increasingly empty as the district struggles to bounce back from COVID and the working from home boom, new data reveals. Among those hit by the "rental recession" is One Canada Square.
Hong Kong to pause sales of commercial land
Hong Kong’s government will refrain from selling commercial sites in land tenders this quarter as the office market continues to suffer from high vacancy rates. The vacancy rate citywide remains close to a historical high at 15.8%, says CBRE Group.
U.S. office owners see best quarter since COVID
In a surprising display of strength, U.S. office owners staged their first quarterly outperformance against the S&P 500 Index since 2020. The group slipped just 2.8% in Q3, compared to the S&P 500’s nearly 3.7% quarterly drop.
U.S. apt. construction surges to 1980s levels
U.S. apartment construction during the third quarter reached its highest level since the 1980s, not only putting a lid on rent increases but also helping push down rents in some hot markets, according to a report by RealPage.
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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