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A 'small victory' for the office at iconic Montreal building
A 'small victory' for the office at iconic Montreal building
Brasswater is creating a workplace “with the feeling of a vacation” at the downtown Montreal former Holt Renfrew building, as a way of getting employees back to the office, Gil Kastner, the company’s chief leasing and business development officer, said.
Canmore loses appeal to prevent major developments
The Three Sisters Village and Smith Creek projects, two major developments that could almost double the population of the Alberta mountain community of Canmore, will go ahead after Alberta’s highest court dismissed an appeal by the town.
Troubleshooting B.C. tech’s real estate realities
Economic uncertainty and a push to get more employees to return to physical office spaces are influencing the recruitment efforts of B.C. technology companies, creating a changing landscape that sees mostly larger companies investing in new office space.
Desjardins invests in Optima-Axium seniors living JV
Desjardins Global Asset Management (DGAM) is investing in a joint venture with Optima Living and Axium Infrastructure to take an interest in a portfolio of seniors living communities in Western Canada.
Interest grows in Edmonton office conversions
This month, Edmonton city council's urban planning committee will see a report detailing options for a new incentive program that could help developers convert more underused office towers into residential buildings.
Kelowna building permits top $1B for three years running
Kelowna has surpassed $1 billion in building permit value for the third straight year. The downtown UBC Okanagan campus tower - worth $262 million - represents the highest valued single building permit ever awarded in the city.
Squamish Nation selects development planning teams
Perkins & Will Architects and HCMA Architecture & Design have been selected by Squamish Nation to create master plans for the development of prominent reserve lands in Metro Vancouver, the Sea to Sky corridor, and the Sunshine Coast.
Rezoning to turn farmland into a film studio hits roadblock
Developer SOW Capital, which received fast-tracked rezoning from Ontario’s government to build a multimillion-dollar film studio in Markham, is fighting a lender’s attempts to obtain a court-ordered sale of its assets after it defaulted on a $30-million loan.
Bath Depot plans 24 new stores in Western Canada
Quebec-based retailer Bath Depot, which expanded into Atlantic Canada in the summer, now plans to grow the brand with 24 stores in Western Canada. The retailer is planning to open in Winnipeg in Q1 2024 followed by Calgary and Edmonton.
Eataly opening second T.O. location at CF Sherway Gardens
Italian marketplace Eataly will open its new 25,000-square-foot location at the Cadillac Fairview Sherway Gardens on Nov. 2. Its second Toronto location will feature restaurants, counters, a marketplace and a café.
ProLift opens 160K-sq.-ft. branch in Brampton
The ProLift Rigging Company announced the launch of a new 160,000-square-foot operation in Brampton — serving the greater Toronto-Hamilton area. Brampton represents the 12th full-service branch for ProLift and the first located outside of the United States.
B.C. wildfires caused $720M in insured damage: Report
An Insurance Bureau of Canada report estimates the fires in the Okanagan and Shuswap alone caused $720 million in insured damage. That makes it the 10th-most costly disaster in recent Canadian history.
VREIT acquires Guelph retirement residence for $5M
Virtus Diversified Real Estate Investment Trust (VREIT) acquired Heritage House, a seniors living community at 2113 Gordon St. in Guelph for $5.05 million. Heritage House, with 51 suites, offers a range of accommodations, including studios and one-bedroom suites.
Initial proposes 21-, 24-storey mixed-use towers
Initial Corporation has proposed 21- and 24-storey mixed-use towers with a shared six-storey podium at 2157 Lawrence Ave. E. in Scarborough's Dorset Park neighbourhood. The Kirkor Architects and Planners-designed development would comprise 526 condo units in addition to retail.
Clean energy can save households thousands: report
Household investments into clean energy including electric vehicles and heat pumps can reduce a family's energy bills by hundreds of dollars per month, according to a report from Vancouver-based think-tank Clean Energy Canada.
Emory invests over $605,000 in Allied
Founder and executive chair of the board of trustees Michael Emory invested over $605,000 in units of Allied Properties REIT (AP-UN-T). He acquired a total of 33,650 units at a cost per unit of $17.9825 for two accounts.
Brookfield raises $12B for private equity fund
Brookfield Asset Management has raised $12 billion for its largest private equity fund, boosting its financial firepower after a period of heavy spending. Brookfield has committed $3.5 billion of its own money to the BCP VI vehicle.
Investor buys downtown Boston office at 74% discount
Kendall Capital acquired an eight-storey, 38,000-square-foot class-B Boston office building for $4.1 million from Dedham-based Bay Management Corp. The deal was a 74% discount from the $16 million Bay Management paid for the property in 2016.
Office conversions surge in U.S.
U.S. office conversions this year are likely to more than double the recent annual average, with an estimated 100 such projects scheduled for delivery, according to a new report from CBRE.
Marriott's pipeline hits record high
The pandemic may have wreaked short-term havoc on the hotel sector, but it hasn’t interrupted Marriott International’s growth. Since 2019, Marriott International has signed for more than 2,000 properties, spanning approximately 359,000 rooms, as part of an ongoing growth strategy.
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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