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Diamond Kilmer begins developing award-winning Birchley Park
Diamond Kilmer begins work at award-winning Birchley Park
Diamond Kilmer Developments has put a lot of effort into its Birchley Park mixed-use development in Toronto, and that work is earning recognition. Birchley Park was named the best overall project recently by the Canadian Urban Institute's Brownie Awards.
OMERS has put LifeLabs up for sale
OMERS has put LifeLabs Medical Laboratory Services up for sale, including 16 labs and 380 collection centres, after investing more than $2.5 billion over 17 years, drawing interest from suitors in the United States and Canada.
 | The Industrial Real Estate Show Canada's economy and CRE market in 2024Chad GriffithsPartner, NAI Commercial |
Spare federal buildings stuck in bureaucracy
In May, Public Services and Procurement Canada (PSPC) released a list of 10 properties in Ottawa-Gatineau it's looking to unload, hoping to transform them into desperately needed housing in Ottawa. Eight months later, none of them have hit the market.
NCC acquires former Ottawa Rideau St. Chapters bookstore
The former home of the Rideau Street Chapters, with 42,000 square feet of space and 19,000 square feet below grade at 47-57 Rideau St., has been sold to the National Capital Commission.
Revitalizing downtown Ottawa won't be easy: Experts
Experts see the Downtown Ottawa Revitalization Task Force's new report as evidence multiple sectors and levels of government are capable of collaborating to fix the area’s problems. But that doesn’t mean taking the next step is going to be easy.
 | HighView Partners The Real Estate Compensation Guide 2024The real estate landscape is always changing, and this is what makes it so interesting and at the same time challenging. Sponsored by: HighView Partners |
Italian pasta maker to build $33.6M London, Ont. plant
Italian pasta company Andriani has been promised $1.5 million in Ontario funding as part of plans to open a factory in London. The $33.6 million total investment will build, equip and staff its first North American production facility.
Montreal-based BPA acquires Halifax firm
Montreal building engineering firm BPA is expanding its market in the Maritimes with the acquisition of Halifax-based M & R Engineering. This is the fourth acquisition since Caisse de dépôt et placement du Québec's investment in BPA in June 2022.
Stantec, WSP made Canadian engineering firms sexy
Stantec’s shares have soared 242 per cent since 2019, and the engineering firm is now one of Canada’s hottest stocks. Stantec isn't alone - Montreal-based WSP Global Inc. (WSP-T) shares have also jumped 197 per cent in five years.
Squamish sells office building to VCH for $17.5M
Vancouver Coastal Health (VCH) intends to purchase a property at 42000 Loggers Lane (Forestry Building) from the District of Squamish for $17.49 million. The sale is expected to completed by Jan. 31.
Chatham-Kent purchases former Sears building
Chatham-Kent council will purchase the Sears building from the current owners of the Downtown Chatham Centre (DCC), despite community opposition. It plans to move the council chambers, the library and the museum to the newly acquired property.
Growth potential for on-site, rooftop solar in Canada: Report
Dunsky Energy + Climate Advisors has released a comprehensive study which outlines the enormous growth potential for on-site and rooftop solar power to help Canada achieve its 2050 net-zero target. The study was commissioned by the Canadian Renewable Energy Association.
Container ship traffic to Halifax slowed by Red Sea attacks
The three ocean-going vessels scheduled to arrive in Halifax on Tuesday are between two and 10 days late. Of the 94 ships currently headed to Halifax and being tracked by the Port Operations Centre, most are very late.
Like Toronto, these municipalities are planning to raise taxes
Toronto is not alone in considering a substantial property tax increase to ease budgetary pressure. The city has proposed an increase of 10.5 per cent , but says it could rise to 16.5 per cent without more federal funds.
"It’s a real problem:" Canadian housing starts fall 7% in 2023
The GTA saw a slight increase in housing starts, but only because of a lag in the impact of interest rates locally, according to the latest figures from the Canada Mortgage and Housing Corporation. Nationally, housing starts declined.
Atlas Properties aims for $1B industrial portfolio
Sale-leaseback player Atlas Holdings has launched a venture that aims to acquire a $1B industrial portfolio. The Greenwich, Conn.-based company announced Atlas Properties has been established with a consortium of “best-in-class, long term-oriented investors.”
Trophy office space is hot. What will it take to build more?
The shiny office towers that developers have built in U.S. downtowns such as Chicago, Miami and NYC in recent years have increasingly drawn tenants away from older buildings, but demand shift toward top-tier space hasn't been followed by new supply.
Two approaches to 2024 shopping centre investment
Landsec, the U.K.’s second-largest REIT and a cautious investor by reputation, is in talks to buy a 69% stake in the 1.6M-square-foot Liverpool One mall for about £350M from the Abu Dhabi Investment Authority.
Sweden's Oscar Properties sells real estate to pay creditors
Sweden's Oscar Properties has reluctantly agreed to sell real estate at a discounted price of US $214-million to repay loans from Norwegian bank DNB. The real estate involved in the forced sale was discounted by 27%.
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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