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Leader Lane's mid-rise dev. strategy is simple: Avoid rezonings
Leader Lane's mid-rise dev. strategy is simple: Avoid rezonings
Leader Lane Developments’ latest project — a mid-rise purpose-built rental building in Etobicoke — is proof that a hostile building environment can, indeed, be surmounted with a shrewd business plan.
Almega, Brixen look to Downsview Park as TO's Central Park
Downsview Park is becoming a focal point for urbanization in North York. Developer Almega sees the huge new park as Toronto’s answer to New York City's Central Park. Working with Brixen Developments, Almega is introducing a new condo community nearby.
N.S. approves planning area for 18,000 potential new units
Nova Scotia has added four new sites to the list of Halifax-area lands the province wants fast-tracked for development, including a large area of Westphal in Dartmouth that could potentially see up to 18,000 new units built.
B.C. gives Burnaby, Langley Township transit hub ultimatums
The B.C. government has given at least two municipalities until Oct. 31 to implement provincial requirements around housing developments near transit hubs — otherwise the province will impose them. But the mayors of those two cities accused the province of “overreach."
Brookfield Asset Mgmt. profit rises, assets hit about $1 trillion
Brookfield Asset Management Ltd. (BAM-N) reported a gain in quarterly profits and said its assets under management rose to a record of approximately $1 trillion. Distributable earnings for the second quarter rose to $548 million, the Toronto-based firm said.
Healthier, greener buildings for a warming climate: Pembina
A warming climate that increases the likelihood of stronger storms, wildfires and extreme heat will demand greener buildings that protect their residents and keep them safe, a report from the Pembina Institute says.
Toronto site with planned 22-storey tower sells in receivership
A motion that was heard by a judge on Tuesday describes a stalking horse bid for the Dundas West site from Centurion Acquisition Corporation, although the amount of the bid has been withheld in the court filings.
27-storey tower proposed for downtown Burlington
A 27-storey mixed-use development has been proposed for 2030 Caroline Street to further the intensification of downtown Burlington. Designed by Chamberlain Architect Services for Carriage Gate Homes and Inaria Burlington, the project would include 302 residential units.
Hamilton bldg. needed balcony railings, got solar panels too
The facade of the 1960s-era apartment block on Wilson Avenue is showing its age a little. On the other side, however, you’ll see wires on each railing — carrying the power of the sun to run the air conditioning inside.
Trophy real estate distinguished by cash flow, not just prestige
With deal activity down, the definition of trophy real estate has changed in the market. There’s a greater emphasis on fundamentals. While high-priced and highly amenitized properties are trophies in an aspirational market, today’s aspirations come down to cash flow.
TC Energy eyes data centre opportunities
TC Energy is eyeing the rapid proliferation of data centres in North America as a business opportunity. The Calgary-based pipeline company said recently it is uniquely poised to capitalize on the rapid expansion of electricity-hungry data centres.
Fire rips through six-storey dev. under construction in Van.
An out-of-control fire destroyed an apartment building under construction in Vancouver’s Dunbar neighbourhood yesterday and then spread to several nearby homes, totally engulfing one. The blaze was so intense it downed a construction crane onto West 41st Avenue
Skilled trades shortage may be a threat to Canada’s economy
Desperate employers pleading for skilled tradespeople is the story of Canada’s growing labour shortage in a nutshell. Some 700,000 of Canada’s four million skilled tradespeople are set to retire by 2028, according to recent projections.
Is Singapore’s housing model a solution for Canada’s woes?
Singapore’s approach, where the government plays a dominating role in land ownership, property development, financing and other related aspects of society, has been held up as a path to affordability.
OMERS, DWS to acquire Italy’s group Grandi Stazioni Retail
Canadian public pension fund OMERS and DWS Group reached a deal to acquire Grandi Stazioni Retail, the two investors said on Tuesday. The deal is valued at roughly $1.9-billion and involves commercial space in 14 Italian railway stations.
Blackstone sells apartment buildings to Equity Residential
Apartment landlord Equity Residential agreed to buy a portfolio of apartment complexes from Blackstone Inc. for about $964 million. Equity Residential will get 11 properties in Atlanta, Denver and the Dallas-Fort Worth area.
Goldman-led lender group takes control of Times Square tower
A consortium of lenders led by Goldman Sachs Group Inc. took over control of TSX Broadway, a development in the heart of New York City’s Times Square, after its owners failed to repay the loan on the site.
JLL's revenue and office leasing jump by double digits
JLL ended the second quarter with a 12 per cent spike in revenue compared to last year, led by a pickup in deals and strong returns in workplace and project management. JLL brought in $5.6B across its service lines.
Lender takes control of D.C. Waldorf Astoria at foreclosure auction
An iconic hotel has been taken over by the lender at a foreclosure auction. The leasehold interest in the Waldorf Astoria hotel on Pennsylvania Ave., formerly the Trump International Hotel, sold to BDT & MSD Partners for $100M Monday morning.
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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