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Toronto's Don Valley Hotel property back on sale block
Toronto's Don Valley Hotel property back on sale block
One of the highest-profile, high-density redevelopment sites in Toronto is back on the sale block. The Don Valley Hotel and Suites property is being marketed three years after being acquired for $102M by Fengate Asset Management and Freed Developments.
Leyad buys 360K-sq.-ft. Moncton retail centre for $61.5M
Montreal-based Leyad is best known for buying and renovating Montreal apartment buildings. But the company is branching out and increasing its scale, including its latest acquisition, the $61.5 million 360,000-square-foot Wheeler Park Power Centre in Moncton.
Artis' 300 Main pushes Winnipeg’s height and rent levels
Artis REIT (AX-UN-T) held the grand opening of its 40-storey 300 Main rental tower in downtown Winnipeg on Oct. 30, pushing the city’s height limits and testing the top of the rental market. 300 Main includes 395 apartment units.
Fitzrovia breaks ground on three-tower mixed-use project
Fitzrovia recently broke ground on 6 Dawes Rd., three mixed-use towers of 29, 37, and 39 storeys in Danforth Village. The bKL Architecture-designed towers - The Ashford, The Rushden and The Bromley - will offer 923 rental units and retail space.
CPP on track to hit $130B in green investments by 2030
In its 2023 Report on Sustainable Investing, CPP Investments reaffirmed its commitment to hastening the transition to a low carbon economy. With $575 billion in assets under management, CPP ranks among the world's largest pension funds.
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Ont. gov't involved in municipal land decisions: Records
A cache of internal government records reveals the direct involvement of Ontario Premier Doug Ford’s office in selecting specific properties that were earmarked for development when the province unilaterally added land to the urban boundaries of several municipalities.
TNR breaks ground on $40M Ont. manufacturing facility
TNR Industrial Doors, part of Hörmann Group Canada, broke ground on its 112,000-square-foot, $40-million Oro-Medonte, Ont., manufacturing facility on Friday. The facility is located at 15 – 25 Winstar Rd. in the township's industrial park near Highway 11.
CEO of massive Via Rail project says hurdles abound
Martin Imbleau, head of Via Rail’s new high-frequency rail project, says getting in and out of big cities quickly will be one of the thorniest challenges to its ambitious goal of a three-and-a-half-hour trip between Toronto and Montreal.
Madison's Brooklin Towns tap growing Whitby population
“Phenomenal potential” is how David Singer, the vice-president of Madison Group’s low-rise communities, describes its Brooklin Towns development in Whitby, Ont.
Ground broken on 550-unit Montreal residential complex
On Oct. 26, Groupe HD, Omnia Technologies and Kastello Immobilier broke ground on a two-building residential project in the Montreal borough of Mercier–Hochelaga-Maisonneuve. Momento – Condominiums will include 270 condominium units while Elan – Habitats locatifs will comprise 280 rental units.
London OKs four residential projects, nearly 1,200 units
Members of London city council’s planning committee have endorsed four separate building proposals which comprise 15 apartment buildings and nearly 1,200 new homes in all, with the vast majority being apartment units.
Toronto looks to Calgary’s conversion recipe
Calgary’s conversion recipe could have some ingredients to help transform underused office space into housing in Toronto. City council’s planning and housing committee has adopted a motion urging a closer look at the downtown Calgary development incentive program.
Calgary's conversion program is on pause. What's next?
As the city looks to integrate its new housing plan into the office conversion program, developers say major public funding would be needed for conversions to become viable non-market housing.
Brutalism could help Ottawa convert offices to housing
While it is often maligned for appearing cold or industrial, brutalist buildings are appealing candidates for conversion as many have reached an age where they need "a fair bit" of renovation, which makes the buildings more likely to be available.
White House creates office conversion plan
As cities across the U.S. continue to struggle with climbing office vacancies and unaffordable rents, the White House on Friday released a new plan to help property owners convert empty offices into apartment units by opening up significant financing resources.
BGO to develop 965K-sq.-ft. ind. building in Germany
BGO is developing one of the largest contiguous industrial and logistics spaces in Central Germany at Star Park Halle. The 965,275-square-foot THE SPACE building is located on a 568-acre industrial site at the A14 motorway near Halle/Saale.
OPINION: Brookfield has a big flaw for investors
Toronto-based Brookfield Corp. (BN-T) is a giant international conglomerate with $850 billion in assets. It’s a great business success story. Too bad that it seems to go out of its way to confuse its investors.
Non-traded U.S. REITs will give back $20B in redemption requests
Non-traded U.S. REITs are poised to grant some $20 billion in redemption requests in 2023, doubling last year’s total and reflecting the impact of a year in which investors made unprecedented decisions to ask for their money back.
WeWork gets one-week extension on debt payments
Beleaguered co-working giant WeWork (WE-N) has negotiated a seven-day extension with creditors to make interest payments it missed at the beginning of October, but it simultaneously missed another loan payment deadline.
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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