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Colonnade BridgePort readies huge Ottawa development pipeline
Colonnade BridgePort readies huge Ottawa dev. pipeline
Ottawa’s skyline will undergo a radical change during the coming decade. Leading the transformation will be Colonnade BridgePort, a home-grown firm with a 14-tower pipeline to develop at five sites in the city. It plans to start in 2024.
Seacliff to launch 726-acre Nanaimo master-planned dev.
Seacliff Properties is gearing up to launch a 726-acre master-planned community that could eventually add 2,200 homes and more than three million square feet of industrial space to the southern edge of Nanaimo near the Trans-Canada Highway.
Brivia considering selling properties
Faced with liquidity issues, Groupe Brivia is doing everything possible to restore its financial health. It is considering selling properties, has frozen the salaries of its employees and slashed those of executives in addition to calling on a recovery advisor.
 | CRE Talks The pursuit of downtown vibrancy in Calgary and VancouverSusan ThompsonAssociate Director of Research, Colliers Vancouver |
Equiton acquires Brantford multiresidential for $11.25M
The Equiton Residential Income Fund Trust has acquired a multiresidential property at 23 Lynnwood Dr. in Brantford, directly next door to its existing property at 19 Lynnwood Dr., for $11.25 million. The six-storey building includes 55 units.
43-storey mixed-use proposed by Bayview station
461 Sheppard Avenue East Properties Inc., is proposing a 43-storey mixed-use tower across from Bayview subway station. The Graziani + Corazza Architects-designed tower would include 526 condo units and nearly 4,200 square feet of ground-level retail space.
Taza F.N. project looks to launch residential
The Shops at Buffalo Run, part of Taza, one of North America’s largest First Nation projects, continues to welcome new retailers on Tsuut’ina Nation, adjacent to Calgary. The development is poised to launch some of its other projects, including residential.
PLAEX-Crete: The Lego block of the building industry?
Dustin Bowers, a life-long construction and trades worker turned entrepreneur, is looking to solve two problems with his company PLAEX Building Systems Inc.: a skilled trades shortage and mountains of plastic waste building up around the world.
Manitoba org. paying over $1M in annual empty office rent
The organization that oversees health-care delivery in Manitoba is spending more than $1 million a year on office space it is no longer using. Shared Health is paying rent for six locations in downtown Winnipeg.
Gov't, business must co-operate to boost downtown Ottawa
OPINION: The Ottawa Board of Trade hosted a Downtown Summit on Nov. 23 that brought key stakeholders together to refine their united goal – and all agree that the time for change and action is now.
Quebec to lend biotech up to $36M to modernize site
Quebec is lending Grifols up to $36 million to help the Barcelona-based health-care company modernize its St-Laurent plasma-manufacturing site and hire nearly 200 workers. Grifols is investing about $150 million in its St-Laurent’s Technoparc area property.
B.C. farm land sells for over $35,820 an acre
A deal for one of the most exceptional farms in B.C.'s secluded Pemberton Valley closed last month. The 134-acre property, consisting of two parcels, sold at more than $35,820 an acre, says Royal LePage Sussex's Frank Ingham.
Joey secures 17,000-sq.-ft. space in T.O.’s Financial District
Premium-casual restaurant Joey has secured a 17,000-square-foot ground-floor space at the foot of 20 King St. W. in Toronto. Alex Edmison, senior vice-president of CBRE's urban retail team, said the space has 25-foot ceilings and is column-free.
Freddy's opening five restaurants in Alberta
Freddy's Frozen Custard & Steakburgers, a fast-casual restaurant concept, recently signed its second development agreement led by Dan Arndt of ZZA Hospitality to debut five Freddy's restaurants in Alberta. Freddy's signed a master franchise and development agreement in Canada in November.
B.C. restaurants closing amid economic hardship
After 13 years on Commercial Drive, Cannibal Café is shutting its doors. In the same week, Rodney’s Oyster House announced its Gastown location is set to close before the new year, and Tacomio announced it’s also closing for good.
Blackstone to sell $833M stake in Embassy REIT
Blackstone Inc. (BX-N) will sell its entire 23.59% stake valued at $833 million in India's largest real estate investment trust Embassy Office Parks, four years after it was first listed, according to a term sheet seen by Reuters.
Middle Eastern investors buy £621M In London offices
Middle Eastern investment into central London offices stood at £621M as of November and is already in line with the average from 2018 to 2022 of £618M. This period also marks the busiest for Middle Eastern office investors since 2019, when the first nine months reached £817M
CRE poses top threat to U.S. financial system: Report
CRE will be a major risk to the overall health of the U.S. financial sector and the stability of the economy as a “substantial volume” of the existing $6T in CRE loans comes due in the next few years.
44% of U.S. office loans underwater: Economists
Owners at about 44% of office properties are underwater on their loans, meaning property values are less than outstanding loan balances, according to new data from four economists at the National Bureau of Economic Research.
Proptech startups struggle to hang on
As 2023 draws to a close, it has become clear that investors are now far more cautious about proptech than they were in years past, as many of the big-ticket startups were unable to meet their lofty goals for growth.
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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