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Hard times? Yes, but 'this is where the new fortunes are made'
Hard times? Yes, but 'this is where the new fortunes are made'
Canadian real estate investors have traditionally been quite active south of the border, and five executives with inside knowledge of the American market shared their views the Nov. 28 Global Property Market conference at the Metro Toronto Convention Centre.
 | The People Space Parravano to be Plaza COO, execs named at BGO, Trez, Hines...Don WilcoxManaging Editor, RENX |
Greener buildings give better returns: Ivanhoé Cambridge
Green real estate creates value and mitigates risks, thus generating higher returns, according to Annie Houle, Ivanhoé Cambridge’s head of Canada. Decarbonization, Houle said, is future-proofing the value of Ivanhoé Cambridge’s investments.
Architects turning GTA suburbs into cities
More than a dozen former Toronto-area shopping malls are planned to be rebuilt as mixed-use, walkable neighbourhoods of housing and retail. Toronto’s Giannone Petricone Architects are urban designers on many of these, shaping these districts alongside planners and landscape architects.
Can downtowns find new purpose in a post-office era?
Kay Matthews doesn't mince words when asked about the state of businesses fighting to survive in downtown cores across Ontario. "We're struggling," said Matthews, executive director of the Ontario Business Improvement Area Association.
Multires., industrial will remain strong in 2024: Morguard
The positive momentum in the multiresidential rental and the industrial leasing markets will continue in the near term in line with the trend of the past few years, according to Morguard Corporation's 2024 Canadian Economic Outlook and Market Fundamentals Report.
 | The Industrial Real Estate Show Discussing industrial real estate with John CroftChad GriffithsPartner, NAI Commercial |
Economy shrinks in Q3 amid higher interest rates
The Canadian economy tumbled over the summer as export shipments waned and consumer spending flattened, signs of a continuing malaise as the country grapples with higher interest rates – and a sharp contrast with robust growth in the United States.
AHIP's maximum borrowing availability rises to $193.2M
American Hotel Income Properties REIT (AHIP) (HOT-UN-T) announced increased liquidity under its revolving credit facility following the completion of new hotel appraisals for $286.2 million US. This results in maximum borrowing availability of $193.2 million.
Feds' $15B in rental construction loans insufficient: Fitzrovia
VIDEO: The federal government’s efforts are falling short of solving the housing affordability issue, according to Fitzrovia Real Estate CEO Adrian Rocca. He says long-term property tax abatements for all new rental projects could be a part of the solution.
Extendicare ‘temporarily shelves’ fourth Sudbury LTC
Extendicare's plans for a fourth long-term care home in Sudbury are “temporarily shelved” due to local challenges, says senior government relations consultant Zane Colt. The 320-resident home in the Minnow Lake neighbourhood is projected to cost $100 million.
B.C. resort timeshare owners push back on buy-out bid
Timeshare owners at Lake Okanagan Resort are speaking out after receiving a letter asking them to vote on a proposal by resort ownership to cease operation of the timeshare business. Most of the resort's buildings were destroyed by August's wildfire.
OK Frozen Dough opening plant in Balzac
In Q1 2024, Armstrong, B.C.-based OK Frozen Dough is set to open a 36,000-square-foot-plant in a renovated building it purchased along Wagon Wheel Way in the industrial area of Balzac, just outside of Calgary.
Real estate podcasts
Shaun Hildebrand, Urbanation: Rents hit new highs for sixth straight month, Down to Business
David Basche, Astria Properties: Building a broad skill set and finding focus, People Who Perform
Jeff Ranson, Sustainable city builder: ESG and decarbonization, People Who Perform
Brookfield raises record $30B for infrastructure fund
Brookfield Asset Management (BAM-T) said on Friday it had raised $30 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to "deglobalization," given recent geopolitical tensions.
Kinepolis shelves potential bid for Cineplex
Kinepolis Group, one of the largest theatre operators in Europe, recently considered making a bid for Cineplex Inc., the No. 1 chain in Canada, but chose not to proceed after concluding a deal would struggle to win regulatory approval.
Cold Storage giant looks at $30B IPO
Novi, Mich.-based Lineage Logistics, which owns 400 temperature-controlled facilities amounting to two billion cubic feet globally, could go public as early as the first half of 2024 and is eyeing a $30 billion valuation.
Co-owner of Chrysler Building files for insolvency
Austrian firm Signa Holding, which owns a 50 per cent stake in the iconic Manhattan landmark the Chrysler Building, has filed for insolvency. Signa intends to undergo a restructuring similar to U.S. bankruptcy proceedings, The Wall Street Journal reports.
Blackstone raises $2.6B for stakes in private funds
Investment giant Blackstone (BX-N) has closed on its Strategic Partners Real Estate VIII fund, raising a total of $2.6 billion US. The fund specializes in real estate secondaries — stakes in other private, generally less liquid real estate investment funds.
Investor charged over allegedly fake WeWork offer
The Securities and Exchange Commission Tuesday charged Jonathan Larmore and Arciterra Cos. with fraud over an allegedly fake tender offer to buy WeWork stock at an inflated value in an attempt to reap profit over call options he previously placed.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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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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