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Neatt's Stationside part of high-density boom in Milton
Neatt's Stationside part of high-density boom in Milton
The Town of Milton, just west of Toronto, is poised for an intensive spate of high-density development. Neatt Communities' two-tower Stationside condos project is one of a half-dozen major developments planned for its "uptown" district.
Starlight fund to acquire Victoria-area apartment bldg.
Starlight’s Western Canada Multi-Family (No. 2) Fund has an agreement to acquire a six-storey mid-rise building with 106 apartments in Langford, B.C., a $43.5-million transaction which will fully deploy equity from the fund’s initial public offering.
Burnaby approves five Concord Metrotown towers
Burnaby city council has given unanimous final approval to Phase 2 of Concord Pacific's Concord Metrotown development, which is estimated to bring almost 2,200 new homes and retail space. The towers stand 40, 47, 49, 58 and 60 storeys.
Groupe Mach plans residential tower in downtown Ottawa
Montreal’s Groupe Mach plans to demolish a former government building at 110 O’Connor St. in Ottawa and replace it with a residential high-rise containing up to 400 rental units. Groupe Mach purchased the building for $40 million in 2021.
Northvolt buys Quebec land; plans battery factory
Swedish battery developer and manufacturer Northvolt, which intends to build a huge vehicle battery factory in Montérégie, Que., has acquired 18.5 million square feet of land in McMasterville and Saint-Basile-le-Great to make the project a reality.
 | Colliers Canada Colliers celebrates 125 years: Taking risks and making movesColliers is celebrating our 125th year of doing business in Canada. That's 125 years of leveraging our expertise and enterprising culture to accelerate the success of our people, clients and communities. Sponsored by: Colliers Canada |
Downtown Kingston landmark Princess Towers for sale
The 16-storey Princess Towers, a Kingston landmark, are on the market. Princess Towers, which feature 200 apartment units and five commercial retail units at grade level, is being sold on a non-priced bid process.
Ont. scraps its portion of HST on purpose-built rentals
Ontario is scrapping its eight per cent portion of the harmonized sales tax on eligible purpose-built rental housing in an effort to spur construction. The federal government earlier dropped its five per cent GST on rental housing builds.
Kitchener approves Vive's 32-storey apartment tower
Kitchener city council gave the green light to Vive Development to build a 32-storey apartment tower at 83 and 87 Weber St. E. The tower will include 26 affordable apartments offered at 80 per cent of the market rent.
H&R proposes 22-storey infill in Etobicoke
H&R Developments has proposed a 22-storey rental apartment building encompassing 282 dwelling units at 710 The West Mall in Etobicoke. The proposal was designed by Kirkor Architects and Planners.
Thousands sign up for Quebec's paid construction training
Premier François Legault said 2,800 people had already registered for accelerated construction training on Tuesday morning, a day after he announced the program that will pay people to get trained in the trades.
CentrePort South servicing price tag gets $13M bump
Work to prepare Manitoba's CentrePort South for development is now expected to cost nearly $13 million more than last estimated, though supporters still expect the benefits to greatly outweigh the rising cost.
Saskatoon wants businesses to move downtown
Saskatoon is looking at ways to get more businesses downtown in an effort to make the area the hub of the city. Currently, there is more office space in suburban Saskatoon than in all of downtown.
Lululemon opens significantly expanded WEM store
Vancouver-based athleisure brand Lululemon (LULU-Q) has significantly expanded its location at West Edmonton Mall (WEM) in Edmonton. The store now spans just over 10,500 square feet on one level, made possible by annexing two adjacent retail spaces.
Boston Park Plaza sold for $370M, rebranded
The Boston Park Plaza hotel traded hands from Sunstone Hotel Investors (SHO-N) to Parks Hospitality Holdings for $370 million, the seller announced Thursday. The buyer has rebranded it as the Hilton Boston Park Plaza.
C&W looks to sell business lines, reduce debt
Cushman & Wakefield will focus on reducing debt following cost-cutting efforts earlier this year and could consider selling pieces of the company. CEO Michelle MacKay noted the company will reduce its leverage by about $200 million in 2025.
WeWork shares sink on reports of bankruptcy filing
WeWork (WE-N) shares tanked over 35 per cent in premarket trading on Wednesday after media reports the flexible workspace provider was planning to file for bankruptcy as early as next week.
U.S. regional banks see jump in non-performing CRE loans
A strong majority of mid-sized, regional financial institutions have logged an increase in non-performing commercial real estate loans and costs from unpaid debts written off as losses, a Wall Street Journal analysis found.
KKR targeting $2.5B for second Asia fund
KKR & Co. is raising a second Asia real estate fund, targeting $2 billion to $2.5 billion to spend across the region, according to sources. The new fund has amassed about $600 million since late 2022.
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Canada Real Estate Auction
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