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Hines joins Northcrest to JV at T.O.'s Downsview Hangar District
Hines joins Northcrest to JV at Downsview Hangar District
EXCLUSIVE INTERVIEWS: Hines has entered a partnership with Northcrest Developments to develop the 102-acre The Hangar District, the first proposed neighbourhood at Toronto’s massive Downsview Airport Lands redevelopment.
Dream Impact Trust taking steps to improve liquidity
Dream Impact Trust’s (MPCT-UN-T) developments continue to make good progress, but the trust is suspending its monthly distribution to retain an additional $11 million annually amid concerns about liquidity, its portfolio manager said.
FirstOntario Centre reno will spur multiple projects
Hamilton’s on-again, off-again $280-million FirstOntario Centre renovation project is slated to start within three months, with shovels hitting the ground in April or May. The partners are Oak View Group Canada and Hamilton Urban Precinct Entertainment Group (HUPEG).
Slate Office signs 107K-sq.-ft. lease in Etobicoke
Slate Office REIT (SOT-UN-T) has signed a 15-year, 107,000-square-foot lease agreement with a Canadian financial technology business at the West Metro Corporate Centre in Etobicoke. The business plans to move its head office to 195 The West Mall.
How B.C.'s building code changes affect sustainability
Changes to British Columbia’s building code are geared to elevating the sustainability of buildings in the key areas of energy, materials and climate resilience, RJC Engineers' sustainability consultant and engineer Wendy Macdonald says.
Ottawa to delist nearly 4,600 protected properties
Ottawa's built heritage committee has approved a plan to remove almost all of its 4,600 properties under the Ontario Heritage Act by the end of the year in batches, then re-list the top-priority properties in January.
Taggart proposes 16-storey residential tower in Ottawa
Ottawa-based Taggart Group of Companies has proposed a 16-storey high-rise with about 250 rental apartments near the Bayview LRT station. Taggart hopes to break ground on the project at 989 Somerset St. and 186 Spruce St. in 12-24 months.
DC Dev proposes 16-storey mixed-use
DC Dev Corp. seeks to build a 16-storey condominium building with retail at street level at 243-247 Davenport Rd. in Toronto’s Annex neighbourhood. The Richard Wengle Architect-designed building would accommode 66 condo units.
Cascades closing two plants in Ontario
Cascades Inc. is closing three plants that will affect 310 employees. Its corrugated medium mill in Trenton, Ont., will not restart operations, while converting plants in Belleville, Ont., and Newtown, Conn., will close by May 31.
Restaurant Brands quarterly profit more than doubles
One year after acknowledging that Tim Hortons franchisees had seen their profits decline significantly, parent company Restaurant Brands International Inc. (QSR-T) says its coffee shop owners’ earnings have perked up.
NAI Atlantic Commercial expands to Halifax
NAI Atlantic Commercial is expanding its reach with a new office opening in Halifax. New offices are also expected to open in Prince Edward Island and Newfoundland and Labrador within the next year joining the Halifax and Moncton locations.
Calgary's proposed rezoning plan 'not right solution': CREB
The Calgary Real Estate Board (CREB) says a proposed city plan to reorganize residential zones to allow higher-density development could create serious problems including more traffic and undue strain on city infrastructure.
Welltower acquires adult communities for $969M
Welltower Inc., (WELL-N), a health-care real estate investment trust, said on Tuesday it was acquiring a portfolio of 25 properties from Affinity Living Communities, a private developer of housing for older adults, for $969 million US.
AIMCo opens NYC office in credit push
Alberta Investment Management Corp. (AIMCo) is opening a New York office as it pushes further into private credit investing, looking to grow its $6 billion of private credit assets to $8 billion over the next five years.
La Vie en Rose opening first U.S. stores
Montreal-based La Vie en Rose is planning to open its first three U.S. stores this fall, the initial step in an expansion strategy that could one day see the family-controlled chain operate 400 American locations, CEO/owner François Roberge says.
CRE construction activity tops 5-year U.S average
New data on the pace of U.S. CRE development shows 904 million square feet of non-residential space was in the works last year, representing nearly $207 billion US in hard construction costs for labour, materials and project management.
CRE construction cranes vanishing from U.S. skylines
When Rahm Emanuel ran Chicago and wanted to boast about the health of the city, the then-mayor pointed to the number of CRE construction cranes across the skyline — 60 at the end of 2017. Zero are expected in 2024.
CRE pain for U.S. regional banks is piling up: Investors
New York Community Bancorp's (NYCB-N), opens new tab exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting more pain for those with office and multifamily property loans.
FCA opens probe into REIT targeted by short seller
The U.K.’s Financial Conduct Authority has begun an investigation into Home REIT, targeted by short seller Viceroy Research. Home REIT rents homes to charities and housing providers. The probe covers a period from Sept. 22 2020 to Jan. 3 2023.
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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