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Calgary industrial: Absorption stays high, but vacancy increases
Calgary industrial: Absorption strong, but vacancy increases
The industrial real estate market in the Greater Calgary Area continues to be strong, but signs are pointing to a slight increase in vacancy rates as the sector moves further into balanced territory.
Ziegel seeks investors to grow Canadian Urban’s CU7 Fund
Jamie Ziegel brought 37 years of real estate experience into Ziegel Advisors Inc., when he launched the company this summer, and he's using it to assist a stable of clients which includes The Canadian Urban Real Estate Fund (CU7).
Homestead acquires Ottawa apt. complex for $96M
Homestead Land Holdings has acquired a marquee downtown Ottawa rental apartment complex for $96 million. The 16-storey high-rise at 50 Laurier Ave. E. and 170-180 Waller St. was acquired from QuadReal Property Group and RBC Global Asset Management.
Wyndham board rejects takeover bid by Choice Hotels
UPDATED: An unsolicited bid by Choice Hotels International to acquire Wyndham Hotels & Resorts, Inc. for $90 US per share (all figures U.S. dollars) has been rejected by Wyndham's board of directors.
H55 breaks ground at Canadian HQ in Quebec
Swiss aircraft electric propulsion pioneer H55 S.A. has commenced construction on its North American headquarters in Longueil, Que., through its subsidiary H55 Canada Inc. Production of the company’s electric propulsion system at the facility is to begin in 2024.
 | CREW Network CREW Network to hold its annual convention in Vancouver from September 25-27, 2024CREW Network, the global organization advancing women in commercial real estate, to hold its annual convention in Vancouver, BC from September 25-27, 2024. Sponsored by: CREW Network |
EMBLEM bringing three 31-storey towers to Hamilton
EMBLEM Developments' The Design District is set to play an integral role in this transformative era for downtown Hamilton. The Arcadis-designed mixed-use development will comprise three 31-storey towers with a total of 931 condo units and retail space.
SmartCentres' Park Place coming to SmartVMC
The SmartVMC community in Vaughan Metropolitan Area is set to welcome Park Place. The Hariri Pontarini Architects-designed development includes a total of 1,100 condo units in 48- and 56-storey buildings in addition to 29,999 square feet of retail space.
Construction employment remains strong on the Prairies
Seasonally adjusted figures show construction employment in Manitoba rose year-on-year and held steady in Saskatchewan as the Prairie provinces continue to enjoy the effects of a commodities and resources boom.
Altea Active launches AVANT wellness & social club
Canadian active lifestyle authority Altea Active is set to open new luxury lifestyle concept AVANT in Toronto's Yorkville neighbourhood in early 2025. The 31,000-square-foot facility will be located at Yonge and Bloor.
Healthy Planet unveils two-level storefront in downtown T.O.
Health and wellness store Healthy Planet is expanding into the heart of downtown Toronto to Yonge-Dundas Square. The store at 322 Yonge Street opened in 7,500 square feet of space.
Longo's to open new store in Mississauga
Southern Ontario grocer Longo’s is set to open its fifth location in Mississauga. An opening date is yet to be announced. Longo’s currently operates 37 stores across the Greater Toronto Area.
Columbus Café opens flagship location in Toronto
French multinational coffee shop chain Columbus Café & Co is expanding its Canadian presence with its first Ontario location at 283 Adelaide W. in Toronto. Columbus Café & Co also has 11 locations in Quebec.
Earls Restaurant's newest location opens in Yorkville
Earls Restaurant Group announced the opening of its newest restaurant in the heart of Toronto's most exclusive neighborhood, Yorkville. Earls Yorkville is located in the Manulife Centre at the bustling intersection of Bay and Bloor.
CPP, HMC Capital buy up stakes in Ingenia Communities
CPP Investments and Australian alternative asset manager HMC Capital have increased their shareholdings in Ingenia Communities, a listed provider of lifestyle and holiday accommodation in Australia. U.S.-based investor Sun Communities sold its 10.25% stake for $141 million Cdn.
Park Lawn selling U.S. cemeteries, funeral homes
Park Lawn Corporation (PLC-T) has entered into an agreement to divest 72 cemeteries in Kentucky, Michigan, North Carolina and South Carolina and 11 funeral homes in Kentucky and North Carolina. The transaction is valued at approximately US$70 million.
U.S. data centre leasing picks up: C&W
Data centre leasing in the top U.S. markets started off slowly in 2023 but grew substantially through the rest of the first half, with many markets seeing strong preleasing activity and build-to-suit projects moving forward, according to Cushman & Wakefield.
U.S. industrial tenants have leverage at last
Industrial absorption in the U.S. declined by approximately 50% year-over-year, based on preliminary figures from Savills. Analysts are viewing the dip as a much-needed pause — especially considering the meteoric rise the industrial market witnessed in the years following the pandemic.
Related to spend $1B developing cold storage facilities
Prolific office and apartment developer Related is the latest CRE investor to bet big on the niche cold storage segment. RealCold, an affiliate of the New York-based company, will spend $1B to develop a network of distribution facilities.
WeWork names CEO to boost turnaround efforts
WeWork (WE.N) on Monday named interim chief executive David Tolley as its CEO, with the former Blackstone executive given the task of turning around the flexible workspace provider's ailing business. SoftBank-backed WeWork's shares were up 2.1% at $2.41.
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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