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Denciti high on Victoria-area rental developments

2 weeks ago

Denciti high on Victoria-area rental developments

By this time next year Vancouver-based Denciti Development Corp. expects to be leasing its latest purpose-built rental project, Anchor in Esquimalt. The company is working on two other capital region projects, the downtown Spencer Block and 1000 Craigflower in Esquimalt.

Lotus Capital buys Eastern Ontario shopping centre portfolio

Vancouver-based Lotus Capital Corp. has acquired a four-property Eastern Ontario grocery-anchored portfolio of shopping centres from Choice Properties REIT (CHP-UN-T).

Son to sell Montreal office buildings built by his father

The family of the late Joseph Kracauer Sr. is closing in on the sale of his real estate collection that left its mark on Montreal. The Romanian-born developer, who died in 2023, spent decades reshaping the city’s industrial and commercial landscape. 

Burnaby rejects 1,400-unit SFU student housing proposal

Burnaby City Council has voted against a Forum Asset Management proposal to build a privately owned and operated purpose-built student housing complex at the base of Burnaby Mountain, to meet the needs of Simon Fraser University’s (SFU) Burnaby campus.

Empire names Pierre St-Laurent as CEO as Medline retires

Sobeys parent Empire Co. Ltd. (EMP-A-T) has tapped a company veteran as its new chief executive officer, effective immediately. The N.S.-based grocer announced Pierre St-Laurent is taking on the top job, replacing retiring CEO Michael Medline. 

Scale Foods unveils new $95M flagship facility in Vaughan

Shashi Foods Group, a key player in spice, grain and cereal manufacturing, has unveiled a new $95-million flagship processing facility in Vaughan, Ont., and officially rebranded as Scale Foods, putting all its brands under one banner.

Three generations help build Longo's position in Ontario

In 1956, brothers Tommy and Joe Longo opened a Toronto fruit stand that defined itself by the “strawberry rule”: the fruit at the bottom of the basket should be as good as those on top. Today Longo's boasts 42 stores.

Two-storey golf, gaming venue to open near Edmonton

A golf and entertainment venue is coming to the River Cree Resort and Casino near Edmonton. RC Golf & Games is a two-storey, climate-controlled venue that will include 40 interactive driving bays, rooftop patios, private suites for events and a pro shop.

Hines launches West House in Toronto

Global real estate firm Hines has officially unveiled the amenities at its latest multifamily development, West House, located at 88 Bathurst St. in Toronto. With leasing now underway, the project marks a significant addition to the city’s high-end rental market.

Mississauga City Centre adds two standout tall towers

Mississauga City Centre stands out more and more from its surroundings with every passing year. The big recent changes are the 60-storey, magenta-topped EX1 at Exchange District Condos and M3 at M City, which is 77 storeys.

61 storeys proposed across from Islington station

Montez Corporation has filed plans with the City of Toronto for a 61-storey condominium tower at 1243 Islington Avenue, marking the tallest proposal around Islington subway station in this part of the regenerating Etobicoke City Centre area.

How presales helped the condo market boom, then collapse

As sales of preconstruction condominiums in the GTA continue to tally their worst performance in more than 30 years, with a record number of projects being cancelled for lack of demand, industry experts are asking what lessons can be learned.

Federal budget doesn’t go far enough on housing: B.C. expert

The federal budget does not go far enough, and may actually be a step in the wrong direction, says one expert. The budget did not reveal any significant housing measures, though it doubled down on the Build Canada Homes program.

Ontario gov't quietly kills Toronto’s green roof bylaw

The province has quietly killed Toronto’s green roof bylaw, a policy that required new large buildings to install green roofs. The measure was passed via order-in-council, without public notice on the eve of the first game of the World Series.

BGO hands back the keys to Manhattan tower

BGO, the former BentallGreenOak, has ceded its ownership of the 26-storey, 505,000-square-foot class-A office building at 757 Third Ave. in Manhattan by means of a deed-in-lieu of foreclosure to lender New York Life Real Estate Investors.

CBRE's $1.2B acquisition targets data centre growth

In the latest sign of the growth of data centres to support AI, CBRE is buying a provider of advanced technical support for digital and power systems for US$1.2B as the firm looks to boost its bottom line.

Future of asset valuation: Integrating sustainability into CRE economics

The global commercial real estate industry stands at a critical and undeniable inflection point. After two decades of incremental progress, the journey toward sustainable building practices has accelerated into a full-scale transformation. 

Austin’s commercial construction goes uncharacteristically quiet

What a difference a year makes. Last October, Austin was preparing for the construction of commercial developments that promised to transform and upgrade areas within the city’s downtown. Many now await word as to when construction is likely to start.

Ultra-fast fashion giant Shein’s Paris store opening triggers uproar

When Shein chose the chic Parisian neighbourhood of Le Marais for its first brick-and-mortar store, it likely envisioned a glamorous debut in the physical world. Instead, it landed on unwelcoming turf.

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