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Northcrest's new CEO heads huge Downsview Airport Lands project
Northcrest's new CEO heads huge Downsview Airport project
As the new CEO of Northcrest Developments, Derek Goring has stepped into a once-in-a-lifetime opportunity: heading up the transformation of the 370-acre Downsview Airport Lands site in northwest Toronto.
Ottawa's Mercury Court celebrates 100 yrs. with major retrofit
Ottawa’s 100-year-old Mercury Court building is looking to the future after undergoing extensive green retrofits which are saving water and energy, and reducing operating costs significantly.
Oxford, CPP seek to sell two Vancouver towers for $350M
Oxford Properties and CPP Investments are seeking to sell neighbouring Vancouver office towers at 402 Dunsmuir St. and 401 West Georgia St., for about $350 million, according to sources. 402 Dunsmuir represented Amazon’s first purpose-built office building in Vancouver.
Competition Bureau calls for grocer CRE limits
The Competition Bureau is calling for changes to grocers adding a special clause to a lease or deed to limit the kind of store that can open after it leaves the property, making it harder for new supermarkets to open.
Artis sells $37.3 worth of Dream Office REIT units
Artis REIT and partnerships managed by Sandpiper Group have decreased their position in Dream Office REIT (D-UN-T) to 14.77%, resulting in aggregate cash proceeds to Artis and its joint actors of $37.3 million.
Emergia's financings extended for one year
Emergia Inc. (EMER-CN) announced all current financings maturing on June 30 will be extended to June 30, 2024. It also announced the successful leasing with a government agency for premises of approximately 8,000 square feet in its Gatineau property.
Edmonton on a real estate roll
It is heady days in Edmonton’s commercial real estate sector as sales nudged a record pace in the first quarter and the first sales started this month on the city’s 200-acre Exhibition Lands site.
KingSett Capital releases building decarbonization tool
KingSett Capital has launched a decarbonization tool intended to help with the greening of about 5.4 million square feet making up its decarbonization pipeline – but also one anyone can download to aid in their own net-zero path.
IKEA plans customer distribution centre in Hamilton
IKEA Canada said it intends to build a new Customer Distribution Centre in Hamilton in 2025 that will support expansion throughout Southwestern Ontario as part of a $400-million investment to expanding its fulfillment capacities.
Lululemon to expand West Edmonton Mall store
Vancouver-based athleisure brand Lululemon will be expanding its West Edmonton Mall store in Edmonton this year to make it even larger. The current 6,190 square foot Lululemon store will be over 10,500 square feet on one level when completed.
Sporting Life plans for national store expansion
Retail giant Sporting Life has launched its latest national banner, Team Town Sports, with its first store at Calgary's CF Market Mall. A second store is opening soon at Calgary's Heritage Mall and a third in Mississauga's Meadowvale Town Centre.
Amazon to spend $8B building data centres In Ohio
Amazon, pulling back on its warehouse and office presence, is ramping up its data centre investment. The tech giant said it will spend close to $8B on an expansion of its cloud computing subsidiary, Amazon Web Services, in Ohio.
Health-care real estate recalibrates for post-COVID world
Health-care assets are being hit by the same blows as the rest of the real estate industry, but fundamental demand means the outlook is positive — even if industry leaders predict a few difficult years ahead.
Kushner seeks to acquire FREIT
K Corp Acquisitions LLC, a Kushner company, is proposing to acquire all the outstanding shares of common stock of First Real Estate Investment Trust of New Jersey (FREIT) (FREVS) for $22 US per share in cash.
No office towers for Penn Station makeover
New York state will go it alone in its renovation of Pennsylvania Station, with plans to help fund the overhaul with nearby office development by Vornado now officially on ice. Vornado controls most of the sites around the station.
Minto breaks ground on BILD Project of the Year
Minto Communities GTA took a big step toward the realization of its highly awarded The Heights of Harmony, hosting a ground breaking ceremony on the Oshawa site to mark the official start of construction.
Homebuyers, homeowners struggle with high building costs
The cost of building homes and apartment complexes across 11 major Canadian cities was up 54 per cent in the first three months of 2023 compared with the same period in 2019, according to Statistics Canada data released last month.
Ontario homebuilders optimistic about rest of 2023
A new report from Procore Technologies says nine out of 10 of respondents to a construction survey in Canada express confidence about industry conditions over the next 12 months, with seven out of 10 construction businesses expecting an increase in the number or value of projects over that timeframe.
Lenders seeing mortgages as long as 90 years
In the face of crippling interest rates, some existing homeowners are seeing their amortization period go as high as 90 years as their ‘fixed-payment’ variable-rate mortgages adjust automatically to rising interest rates while the monthly payment remains the same.
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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