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Forum Make Space continues self-storage expansion in Ontario

1 week ago

Forum Make Space continues self-storage expansion

FMS Capital Trust and Forum Make Space Storage Fund (MSSF) have each acquired 50 per cent stakes in four self-storage facilities in the Hamilton, Ont. area from a private seller.

In downtown Toronto, the office is back

Lyft Inc. has done brisk business over the past year moving Canadians from place to place. Later this month, hundreds of its own employees in Toronto are set to move into the city’s tallest office tower, First Canadian Place.

AutoCanada acquires Doug’s Place Southgate in Edmonton

AutoCanada Inc. (ACQ-T), a Canadian multi-location automobile dealership and collision repair group, has announced the completion of its acquisition of Doug's Place Southgate, a collision-repair business based in Edmonton.

Leyad buys retail portfolio valued at $300M; St. John's mall

Leyad has acquired 22 single-tenant retail properties leased to Loblaw Companies Limited and located across the country and, in a separate deal, the Village Shopping Centre in St. John’s, N.L.

Lululemon drops to eight-year low, CEO inherits a mess

Lululemon Athletica Inc. lowered its full-year outlook for a second straight quarter, reflecting the deepening challenges incoming chief executive officer Heidi O’Neill will face when she takes over the top job next week.

Mother Parkers opens new cold coffee extract facility

In a bid to capture more of the growing market for cold coffee, Mother Parkers Tea & Coffee recently opened a new facility alongside its existing operations. It is housed inside the company’s 320,000-square-foot facility in Mississauga, Ont.

Corner Brook Pulp and Paper's wind farm proposal

The 22-turbine, 155-megawatt wind farm is one part of the Newfoundland mill’s $700M revitalization project. Kruger Inc. has registered the wind farm component of its revitalization plan for Corner Brook Pulp and Paper Ltd. for environmental assessment.

Top 10 pre-bid multi-residential projects in B.C. this month

ConstructConnect ranks B.C.’s 10 largest pre-bid multi-residential projects, led by a $3.5-billion Squamish resort development. Other major projects include developments in Agassiz, New Westminster, Victoria, Coquitlam, Burnaby, Vancouver and North Vancouver.

The lingering importance of public spaces

This summer, Montreal's Esplanade Tranquille was full of people lingering in the shade, relaxing on benches under maple trees and watching the crowd. A nearby café spilled out onto the square. People stopped without having anywhere particular to go.

Rogers Stadium at Downsview Park suffers storm damage

The beleaguered Rogers Stadium suffered “significant” damage after a powerful storm swept through Toronto on Wednesday evening. Photos of the open-air Downsview Park stadium show blue bleachers strewn across partially collapsed grandstands. 

Over 300 Via Rail cars will be built in Canada: Ottawa

The federal government will spend $4.7-billion to build and maintain more than 300 Via Rail passenger rail cars in Canada, using facilities in Quebec and Thunder Bay, Prime Minster Mark Carney announced Thursday.

Real estate podcasts

Toronto councillor Brad Bradford: Housing policy showdown, CRE Podcast
Adapting to a rapidly evolving real estate market, TUC
A short history of Canadian real estate, Canadian RE Investor

What do soaring bond yields mean for Canadians?

With global bond yields surging to multi-decade highs, a previously mundane corner of the financial world is now a hot topic on Wall Street. For the average Canadian, it means higher borrowing costs but also stronger returns on financial products.

Global bond sell-off puts governments on notice

The global bond sell-off that hit financial markets this week was a warning to governments everywhere they are running out of time to get runaway debt and deficits under control. Investors signalled concern about sovereign borrowers ability to repay debts.

Data centre demand doubles, fuelling new AI boomtowns

Demand for data centres continues to skyrocket, according to recent reports from real estate giants JLL and CBRE. But where these new data centres are being built is changing, with some moving out of the industry’s traditional hubs.

U.S. office sales show 31% year-over-year growth

This year is shaping up to be a relatively active one for office sales. Colliers reported that in July the office sector saw US$7.6B in sales. It was the only U.S. traditional property sector to see pricing gains.

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