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Grosvenor forges JV to advance Vancouver's Brentwood Block
Grosvenor forges JV to advance Vancouver's Brentwood Block
Grosvenor will be pursuing Phase 1 development of its master-planned Vancouver project Brentwood Block in a joint venture with an unnamed Canadian pension fund and B.C.-based investment firm Westerkirk Capital Inc.
Hazelview blends new and old along Toronto's Broadway
Hazelview Investments is playing a part in trying to alleviate Toronto’s rental housing deficit with couple of major projects that will bring over 1,300 rental units to a market desperate for inventory. It is also upgrading 184 existing apartments.
Unsold units signal trouble in Toronto condoland
Sales of new and as-yet unbuilt condominiums have fallen to decades-long lows in recent months, but a looming and more urgent issue is what to do about thousands of complete or nearly complete unsold apartments and townhouses.
Eight-storey laboratory proposed for Vancouver
An industrial and office building designed for life sciences laboratory uses could be built within Vancouver’s protected Mount Pleasant Industrial Area under a proposal from Oxford Properties, the real estate investment arm of the pension fund for Ontario’s municipal employees.
Couche-Tard hikes bid for 7-Eleven owner to $64-billion
Alimentation Couche-Tard (ATD-T) has made a revised bid for Seven & i Holdings, the Japanese company said on Wednesday, which two people familiar with the matter said hiked the offer by 22 per cent to about $64-billion.
Why Wilmot matters to Ontario’s manufacturing future
OPINION - Waterloo Region is desperately short of industrial land. For years, we’ve had the lowest industrial vacancy rate in Canada. Thanks to a major effort to bring manufacturing supply chains back, we’re seeing the most prolific investment cycle in generations.
Bee Maid Honey opens new $25M plant in Winnipeg
Workers buzzed inside Winnipeg’s newest food production hub: Bee Maid Honey Ltd.’s $25-million facility. The new Black Diamond Boulevard facility has nearly doubled the former plant, spanning 129,000 square feet (compared to 68,000 sq. ft.).
Manitoba spends $10M to create REIT for affordable housing
The Manitoba government is putting $10 million into a new fund aimed at getting more affordable housing units on the market. The money is being used to start an investment trust that would work to attract private-sector investors.
Moncton approves two 17-storey riverfront towers
Moncton city council has approved the Gateway Towers project, which will see a pair of mixed-use, 17-storey towers rise by the city's riverfront. Developer J.N. Lafford Realty Inc. is buiding 380 residential units with additional commercial space.
19-storey flatiron rental tower proposed for Vancouver
Strand Development has plans to redevelop a trapezoid-shaped lot near the Southeast False Creek area of Vancouver. A rezoning application to redevelop the site into a 19-storey, mixed-use, flatiron-shaped tower that introduces significant secured market rental housing uses.
Multi-tower senior housing, LTC complex proposed in GTA
Mon Sheong Foundation has proposed a large-scale seniors-focused community in the Headford Business Park area. The application includes a 10-storey long-term care facility, along with a seniors’ rental apartments and three life-lease towers ranging from 33 to 39 storeys.
Ont.’s most remote health infrastructure project goes ahead
Pomerleau Healthcare Partners has been awarded a fixed price contract of $1.8 billion to finalize the design, build and finance the future healthcare campus in Moosonee and an ambulatory care centre in Moose Factory.
The tiny Ontario town selling properties for $10 a pop
It’s hard to buy a decent hamburger for $10 anymore, let alone property. But in Cochrane, Ontario, a 5,000-person town 700 kilometres north of Toronto, one purple banknote could soon net Canadians their very own chunk of land.
The state of small business in Canada
VIDEO - Dan Kelly, President and CEO of the Canadian Federation of Independent Business, discusses the key issues entrepreneurs face today and how they compared to the challenging period during the pandemic.
Cineplex's The Rec Room opening in downtown Vancouver
After nearly five years of construction, Cineplex’s The Rec Room entertainment centre in downtown Vancouver is now receiving the finishing touches. The Rec Room Granville spans three levels over 45,000 sq. ft., including an expansive basement level.
Downtown biz associations issue plea for federal help
Businesses in cities and main streets across the country say a "humanitarian crisis is playing out in" and want the federal government to act swiftly to tackle the crime, addiction and social issues they say are hurting businesses and downtowns.
Tampa and 235,000 commercial properties brace for Milton
Hurricane Milton, one of the Atlantic’s strongest-ever storms, is inching its way across the Gulf of Mexico, threatening Florida’s western coast with potentially historic devastation. Roughly 235,000 commercial properties are in the direct path of the hurricane, Moody’s estimates.
Nuveen sells Miami Trophy tower for $443M
Nuveen Real Estate has sold 701 Brickell, a 685,279-square-foot trophy office tower in Miami. Morning Calm Management and its partner acquired the Class AA asset for US$443 million in an all-cash deal.
Brookfield seeks $1B green-power deals in buyer’s market
Toronto-based Brookfield Asset Management (BAM-N) sees an opportunity to ink billion-dollar deals in the renewable-power industry after valuations dropped in recent years. The asset manager has raised $10B for a fund dedicated to investing in the energy transition
Improves conditions drive 63% rebound In NYC CRE sales
Investment sales in Manhattan CRE totalled US$3.2B in the third quarter, more than double the same period in 2023, according to Avison Young data. It was the fourth straight quarter of growth and most active quarter since 2022.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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