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Pure Industrial buys two Panattoni GTA industrial assets

17 hours ago

Pure Industrial buys two Panattoni GTA industrial assets

Fresh off of selling the former Greater Toronto Area Toys “R” Us warehouse and headquarters in March, Toronto-based Pure Industrial has acquired two large properties in Ontario, RENX has learned.

Tim Hortons to invest $400M for new locations, renovations

Just days after U.S. giant Dunkin' announced a major partnership to expand back into Canada, Tim Hortons has unveiled a $400-million growth and restaurant renovation plan across the country.

Slate Grocery REIT considers buyout

Toronto-based Slate Grocery REIT has received a buy-out proposal from its external manager, Slate Asset Management, the REIT announced this morning. Slate Grocery said its board of trustees has established a special committee in response to the proposal.

Wesbild mothballs PoCo Place master community plan

A master-planned community project in Port Coquitlam, B.C. has been mothballed, developer Wesbild Holdings Ltd. announced, largely due to a drop in rents. With 2,000 homes and significant retail space and amenities, the project would have been unprecedented for Port Coquitlam. 

OpenTable announces new Toronto office lease

Restaurant technology firm OpenTable announced that it has signed a multi-year lease for its new Toronto office at Allied’s 134 Peter St. With over 24,000 sq. ft. of space secured, this marks a commitment to the Canadian market.

A look inside EY Canada’s sleek Vancouver HQ at The Stack

Spread across three floors in downtown Vancouver’s tallest office tower, The Stack, Ernst & Young Canada’s local office mixes sweeping harbour views with flexible workspaces, Indigenous art and a surprisingly relaxed atmosphere — dogs included.

Former Thunder Bay government building repurposed

A former government building in Thunder Bay's north end is getting transformed into 82 affordable apartments. The Missanabie and Netmizaaggamig First Nations are the major partners in the 90 per cent Indigenous-owned, $28-million project.

Plan to add 72,000 residents to Pickering approved

Pickering’s 25-year plan to pave over much of 16,000 acres of farmland to find homes for 72,000 people was approved at a special council meeting which lasted five hours.

Carney signals possible new housing development fee cuts

Prime Minister Mark Carney delivered an expansive and highly consequential economic address Wednesday to the Greater Vancouver Board of Trade, using one of B.C.'s most influential business stages to outline an ambitious national strategy.

Kelowna may phase out incentives for rental developments

Kelowna's Revitalization Tax Exemption was rolled out in 2012 as a way to stimulate the rental housing market that was stagnant at the time. However, a glut of new rentals and a soaring vacancy rate could prompt some changes.

Provincial, federal governments look to AI to cut red tape

Treasury Board President Shafqat Ali and provincial and territorial ministers responsible for red tape reduction met in Toronto on Thursday to discuss ways to cut outdated and overly complicated regulations to reduce costs and improve productivity.

Billy Bishop Airport expansion could cost $4B to $5B

Expanding Billy Bishop Airport’s main runway by nearly a kilometre into Lake Ontario to allow for commercial jets and millions more annual passengers could cost a total of $4-billion to $5-billion over the next 25 years.

HBC redevelopment poses opportunities, challenges

The Hudson’s Bay Co.'s massive flagship department store building in downtown Vancouver is getting a new owner, Onni Group, and attention is on the challenges and opportunities presented by one of the city’s most central locations.

Sports retail shows resilience in Canada

While some discretionary retail categories continue to soften in Canada, sportswear, sneakers and fan merchandise are proving more resilient. That trend was reinforced last week as Canadian Tire Corporation reported another quarter of growth at SportChek.

First-time homebuyers consider cottages, smaller weddings

Almost half of first-time Canadian homebuyers are considering a recreational property to enter the market, and over 80 per cent would scale back wedding plans for a bigger downpayment, two reports released this week found. High housing prices are to blame.

Billionaires’ Row tower valued at $600 million in refinancing

Cain and Alchemy-ABR Investment Partners obtained a US$321 million loan for an office tower on Manhattan’s Billionaires’ Row, the latest reflection of surging demand for high-end office space.

Zara billionaire in talks to buy $985M Paris office

Spanish billionaire Amancio Ortega’s Pontegadea Inversiones is in talks to buy an office in central Paris for roughly US$985 million in what will be the biggest European office deal since 2022.

Struggling to find equity, developers pull back on new builds

Construction starts in the U.S. multifamily market plummeted to a 15-year low in the first quarter, and developers are expected to continue to scale back their growth plans through 2026.

India’s CRE evolves into sustainable office ecosystems

India’s CRE sector is witnessing a major transformation. Driven by evolving workforce expectations, technological innovation, sustainability priorities and infrastructure-led urban growth, developers are now creating integrated commercial ecosystems that enhance productivity, employee wellbeing and long-term operational efficiency.

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