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Kevric plans big TO redevelopment, founder hands over reins
Kevric plans big TO redevelopment, founder hands over reins
Kevric Real Estate hopes to build a close-to-700,000-square-foot residential and mixed-use development in the Studio District east of downtown Toronto. The Montreal firm is also undergoing a transition, as founder Richard Hylands takes a reduced role.
BoC's third interest rate cut could kickstart homebuying
The Bank of Canada (BoC) has cut its benchmark interest rate by 25 basis points to 4.25 per cent, the third such cut in as many months. It's a decision housing industry observers believe could jolt buyers back into the market.
Affordable housing, social housing and the affordability scam
GUEST SUBMISSION: Over the past decade, the City of Vancouver, Burnaby and Port Moody, to name a few municipalities, have increasingly required affordable housing for new construction. While well intended, there are dire consequences if implemented incorrectly.
Fitzrovia acquires Le Smith, C-Lofts towers in Montréal
Fitzrovia has announced the acquisition of the Le Smith and C-Lofts apartment towers, two modern neighbouring properties in downtown Montréal’s trendy and growing Quartier des Spectacles district.
Blackstone, CPP Investments to buy AirTrunk for C$21.9B
CPP Investments has an agreement to acquire a 12% stake in Asia Pacific data centre company AirTrunk for C$21.9 billion. CPPIB and Blackstone (BX-N) intend to buy AirTrunk from Macquarie Asset Management and other investors including PSP Investments.
Would commercial rent control protect small businesses?
Strolling down 12th Street in New Westminster, B.C., it's easy to see how the small independent businesses and mom-and-pop shops reflect the city's diversity. But rapid development, increasing land values and rising commercial rents are threatening small businesses like these.
Luxury Royalmount mall in Montreal set to open tomorrow
The sound of hammers and drills echo through the halls of the Royalmount shopping centre but the workers will be finishing for the opening tomorrow — the first step of what could be 20 phases of development on the site.
Canada highly transparent for CRE investors
Canada is once again ranked fifth and deemed to be highly transparent in JLL’s biennial survey of openness, integrity and credibility in global real estate markets. The newly released Global Real Estate Transparency Index assesses 89 countries on 256 factors.
Last Metro Vancouver drive-in theatre to close for good
Metro Vancouver’s last drive-in theatre announced earlier this year 2024 would be its final season. According to a Twilight social media post, the property owner wanted a massive increase in rent that the drive-in cannot afford.
Developer hits pause on three-tower London project
A downtown London project for three residential towers has been scaled back following a scrap between city hall and developer Ayerswood over land seized for London’s bus rapid transit system.
ACDF arrives in TO with 34-storey condo proposal
A new development may be coming to North York in the form of a 34-storey condo and affordable rental building designed by Montreal’s award-winning architecture and urban design firm ACDF Architecture.
147-unit housing project approved for Charlottetown
Charlottetown council has cleared the way for a two-building, 147-unit housing project in the city's suburb of Winsloe. Tuesday, council voted 9-0 to increase the height allowance from 15 metres to 25 metres to allow for two six-storey buildings.
ATCO completes $40M acquisition of NRB Modular Solutions
Calgary-based ATCO Structures & Logistics has closed the previously announced $40-million acquisition of NRB Limited, a leading Canadian manufacturer of modular industrial, educational and residential buildings, from Dexterra Group Inc.
New 'innovation centre' opening in St. John's
The Co. Innovation Centre is located in the former Rona building on Torbay Road and has undergone a massive interior renovation over the past year to become an innovation hub, adding more than 50,000 square feet.
Helping building owners limit carbon emissions
In order to fight climate change and increase their asset values, owners of large buildings in Vancouver should go above and beyond new greenhouse gas reporting requirements, sustainability experts told a recent industry panel.
CRE investors want out of funds, secondaries market courts them
As commercial property assets fall in usage, prices and valuations, investors are looking for a way out of their commitments. Enter secondary funds. REITs and other property funds typically lock in backers for at least five years.
Will offices come back in fashion? Contrarian buyers bet yes
Jordan Menashe is excited about the future of office buildings. His family-run firm, Menashe Properties, has acquired four office properties in the last 10 months and is eyeing another. It's a bet few are willing to take.
UK REIT consolidation ramps up with Starwood, Segro deals
Starwood Capital Group LLC has agreed to buy a UK real estate investment trust while warehouse landlord Segro Plc has struck a deal for a smaller rival as a wave of consolidation sweeps the property industry.
Brookfield close to sale of Spain’s Saeta to Masdar
Canadian investment fund Brookfield (BN-T) is close to selling Saeta Yields, a renewable energy company with assets in Spain and Portugal, to Masdar of the United Arab Emirates, newspaper Expansion reported today.
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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