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Greenrock lists 3 Toronto apartment, redev. properties for sale
Greenrock lists 3 Toronto apartment, redev. properties for sale
Succession planning moves by Greenrock Investments has resulted in two rental apartment properties and a redevelopment opportunity in prime Toronto locations being marketed for sale.
Fusioncorp's Ainis busy building, developing, writing
Nick Ainis worked for several Toronto condominium developers before branching out on his own with Fusioncorp in 2007. Now, the CEO of the boutique development and construction firm has added another title to his resume: author.
Vancouver’s hotel shortage piques investor interest
Vancouver’s steep hotel room rates and the prospect of continued growth have piqued the interest of investors, who aim to develop 1,200 rooms by 2027, according to city permit application records. Marcon has proposed a 32-storey, 578-room tower.
Evergrande crisis triggers worry at Chateau Montebello
China Evergrande Group’s massive financial and legal challenges in Asia are casting a long, dark shadow over Fairmont Le Château Montebello, the iconic 211-room Quebec log cabin resort which the developer acquired in 2014.
Neighbourly Pharmacy signs deal to go private
Neighbourly Pharmacy Inc. (NBLY-T) has signed an agreement to be taken private by its largest shareholder, Persistence Capital Partners, in a deal that values the company at about $916 million.
 | NORR Urban heat place-based resiliency strategiesUrban heat is harming our cities and the people who live in them. A phenomenon called the urban heat island effect is on the rise and local-level decision-makers must act expediently to execute place-based resiliency strategies to mitigate the impacts. Sponsored by: NORR |
Yorkton acquires Edmonton multiresidential for $25.6M
Edmonton-based Yorkton Equity Group Inc. (YEG-X) announced the acquisition of The Fuse, a 125-unit multiresidential complex constructed in 2015 and comprising of two condominium-grade buildings situated on approximately 2.67 acres in Edmonton's Summerside neighbourhood for $25,625,000.
B.C. court rejects challenge to Vancouver's Senakw project
Senakw, a massive Vancouver housing development spearheaded by the Squamish Nation, has cleared a legal hurdle after a B.C. Supreme Court judge rejected a challenge by the Kits Point Residents Association over lack of consultation.
York proposes 43-, 53-storey mixed-use London towers
York Developments is planning 53- and 43-storey mixed-use towers at the corner of King and Ridout streets in London, Ont. The towers will total 800 residential units and 550 underground parking spaces.
There is a way to save struggling downtowns
OPINION: Owners of office towers in the urban core and downtowns in general need to reinvent their properties. These places must become destinations with new purpose by offering unique experiences that will necessitate a visit.
Hybrid work provides opportunities to rethink downtowns
OPINION: Lowered rents due to an oversupply of commercial space present a unique opportunity for municipalities. This is a crucial period for leaders to reassess zoning laws to attract a diverse range of businesses, even to previously unaffordable prime locations.
Proposal to build hospital on Greenbelt land cancelled
A controversial proposal to build a hospital north of Toronto on land the Ontario government now plans to return to the protected Greenbelt is dead, as an overcrowded health centre continues its search for a second site.
Marlin Spring's Richmond Hill project focuses on family
For Toronto-based builder and developer Marlin Spring Development, the Ivylea townhome project in Richmond Hill embodies a concentration on communities that are livable, affordable, long-lasting, accessible and mature well.
Analyst lowers Northwest Healthcare to speculative buy
Expressing concern about potential execution risks stemming from its strategic review process, Laurentian Bank Securities analyst Frederic Blondeau lowered Northwest Healthcare Properties REIT (NWH-UN-T) to “speculative buy” from “buy” on Monday.
Firm Capital completes sale of Texas property for $9.9M
Firm Capital Apartment REIT (FCA-UN-X) has completed the Aug. 2, 2023 sale of its unencumbered property located in Austin, Texas for $9.9 million. The property had a sales price in line with its IFRS value.
Parkway closes on two Houston assets
Parkway announced it has acquired in an all-cash transaction two significant Houston assets — mixed-use complex Post Oak Central and campus CityWestPlace. Comprised of over three million square feet, the deal marks one of the largest transactions in the U.S. year-to-date.
Severe crash coming for U.S. office properties: Investors
Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey.
Manhattan office leasing sinks 31% year-over-year
Some 6.3 million square feet of office leases were signed in Manhattan in Q3 2023, per Savills data released Monday, marking a 31% year-over-year decrease. Availability increased by more than a full percentage point from last year to reach 19.6%.
D.C. office vacancy keeps setting new highs
D.C. office vacancy hit an all-time high during the third quarter, rising to 20.9%, CBRE’s quarterly report shows. It comes one year after unused office space in D.C. topped 20% for the first time.
WeWork to withhold interest payment on some notes
WeWork Inc. (WE-N) on Monday said it had decided to withhold interest payments of about $95 million related to some of its notes, as it tries to improve its capital structure.
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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