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Skyline Industrial REIT's development cycle nears an end
Skyline Industrial REIT's development cycle nears an end
The first of two buildings at Halifax’s 400,680-sq.-ft. Bayers Lake Industrial Centre is complete and the second will follow before the end of 2024, as Skyline Industrial REIT nears completion of several projects in its current development cycle.
Stober's Movala hits mark in Kelowna's luxury condo market
Stober Group is the latest developer flouting conventional wisdom by betting the housing market isn’t too depressed to sell and complete projects. The 14-storey second tower at its Kelowna project, Movala, is 60 per cent sold.
Plans to tackle TO congestion include new construction levy
Companies that block public right-of-ways for construction should face extra daily fees to push them to get work done faster, according to a proposal to improve congestion in a city that has some of the world's worst traffic.
 | Working Capital The current state of industrial real estateJesse FragaleHost, Working Capital - The Real Estate Podcast |
Province looks to buy office buildings in downtown Toronto
The Ontario government is looking to buy an unspecified number of office buildings in Toronto as activity in the downtown continues to lag. The province’s “mandatory requirements” include buildings with 200,000 to 600,000 square feet of office space.
 | Colliers Canada Brokerage Ottawa's office market is on a new trajectoryIn Q2 of 2024, Ottawa’s office market continued to show a mixed and gradual improvement. At 11.5 per cent, Ottawa’s office vacancy has decreased for the fourth consecutive quarter. Sponsored by: Colliers Canada Brokerage |
Inside Edge buys $15M building amid rising suburban demand
One of Ottawa’s largest commercial property management firms has acquired a south-end office building as insiders say suburban properties are becoming more attractive investments. Inside Edge Properties purchased the 94,500-square-foot building from PROREIT for $15.3 million.
Reimagining malls as cultural community hubs
Long before the economic fallout caused by the pandemic, the death knell for malls rang loud. But despite tough times for retailers, many legacy shopping malls are being revitalized, rather than torn down, thanks to a reimagining of these spaces.
Colossal 80-storey, 73-storey towers approved in Burnaby
Two enormous, cloud-scraping highrise towers from developer Pinnacle International have been approved in Burnaby right next to Lougheed Town Centre SkyTrain station. One of them is slated to become the tallest building west of Ontario at 80 storeys.
Mizrahi’s stakes in Yorkville condos, Vaughan pre-con sold
As of Friday, Sept. 20, the Ontario courts have approved purchase agreements, on five counts, in respect of a luxury condo project at 128 Hazelton Ave. in Yorkville and a multi-tower development slated for 180 Steeles Ave. W. in Vaughan.
KingSett moving on from planned 69-storey Toronto project
For the second time in the past seven days, a high-profile high-rise project in Toronto has been made available for purchase by the developer, in what's likely a reflection of the uncertainty around overall market conditions.
Uncertainty hangs over Calgary's Eau Claire district
Eau Claire Market-area land was sold to the City of Calgary in 2023 to build an underground Green Line LRT station. The mall was shuttered and residents forced to leave their homes. Now the area's future is unclear.
CMI Financial crosses $1B in mortgages under management
Higher demand for mortgages from private lenders the past couple of years has driven CMI Financial Group past the $1-billion mark in mortgage assets under management, according to CEO Bryan Jaskolka.
REITs in Canada poised for good returns: Colliers
VIDEO - Canadian real estate investment trusts have begun to rebound after being in the red, thanks to ongoing rate cuts, return to office procedures and increasing confidence in the market, Colliers Canada head of research Adam Jacobs said.
RioCan issues $700M loan offering; redeems $300M Series AI
RioCan REIT (REI-UN-T) will issue $700M of senior unsecured debentures in two tranches — $500M of Series AL and $200M Series AM. Seperately, RioCan announced it will redeem $300M of its Series AI senior unsecured debentures.
Triple Five's Miami mega-mall plan faces land sale lawsuit
Triple Five Group, the Canadian development firm that proposed the 6-million square foot retail and entertainment complex American Dream Mall outside of Hialeah, recently filed a lawsuit to keep alive its plan for the largest mall in the U.S.
Elliott nears deal to buy Miami office tower for $450 million
Elliott Investment Management is nearing a deal to buy a Miami office building located in the heart of the Brickell neighborhood for roughly $450 million from Nuveen Real Estate.
The commercial-property market is coming back to life
Buyers and sellers in U.S. commercial real estate are increasingly convinced that the beleaguered market is reaching a bottom. But the big question remains: At what price will beaten-down offices, apartments and other properties actually change hands?
REA sweetens Rightmove bid to $8.1 billion after knockback
REA Group increased its offer for Rightmove Plc to US$8.1 billion, expressing frustration at the U.K. property portal’s refusal to even discuss a deal. The latest proposal is the third in less than three weeks.
BlackRock ‘long way’ from investing more in China’s RE
BlackRock Inc. will refrain from investing more in China’s real estate market until it sees a significant return in investor confidence and an improvement in supply-demand fundamentals for the property sector there.
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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