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CF continues to diversify, launches Calgary apartment building dev.

2 weeks ago

CF launches Calgary apartment building development

Cadillac Fairview has launched its first residential rental project in Calgary, part of its strategy to further diversify its real estate portfolio. Cadillac Fairview has owned the 61st Avenue property for more than a decade, president/CEO Sal Iacono said.

Housing sales trends in 7 of Canada's largest urban areas

The housing markets of Montreal, Quebec City and Ottawa were lively in October, defying a slowdown in sales that has impacted even the consistently strong markets of Calgary and Edmonton. Toronto and Vancouver continue to see sales and price declines.

Industrial property owners ask to reopen Cowichan title case

The owners of a major industrial property whose land has been swept up in a B.C. Supreme Court decision granting title to the Cowichan Nation announced Thursday they are asking the court to reopen the case.

Telus in talks to partner on data-centre, AI business, CFO says

Telus Corp. is in “significant” talks related to potential partnerships for its data-centre and sovereign AI business, according to the company’s chief financial officer. In an interview Friday, Doug French said the company is in “active discussions on certain partnerships...."

Deecorp takes aim at addressing Vancouver’s hotel shortage

There are currently around 30 proposals for hotels in Vancouver as developers try to fix the city’s hotel shortage, but there is only a small handful of developers with multiple hotel projects in the works. Deecorp Properties is one.

Costco buys former Guzzo-owned land in Laval

A Laval property that still belonged to Guzzo a few weeks ago has just passed into the hands of the American retailer Costco Wholesale, for a sum of more than $22 million.

Exhibition Place demos graphene-enhanced concrete

The seemingly ordinary concrete that was poured near the Princes’ Gates in Toronto in early October is actually a demonstration of an innovative mixture enhanced by graphene, resulting in lower carbon emissions and construction costs.

Most Van. residents to live in condos, apartments by 2051

Metro Vancouver could be in for a wholesale lifestyle shift in the coming decades, with planners expecting the percentage of people living in single-family homes to drop by almost half by 2051, as the housing mix shifts more toward apartments.

600+ units in towers up to 39 storeys proposed for Vancouver

In a clear attempt to improve the project’s economic and financial viability, the size of the redevelopment of the Jewish Community Centre of Greater Vancouver has grown further to support more secured purpose-built market rental housing.

Filipino Community and Cultural Centre plan gains steam

PortLiving is proposing to redevelop 1940 Main St. into a 30-storey mixed-use tower with substantial hotel uses and space for a major community and cultural centre for the Filipino community within the lower levels. 

Coquitlam cool on five-tower development proposal

Coquitlam council got its first look this week at a five-tower project earmarked for the area west of Mackin Park. With 1,412 units, the Century Group development would stretch from just below Brunette Avenue toward Lougheed Highway.

Questrade secures bank licence, eyes mortgage expansion

Questrade Financial Group has received the green light from Ottawa to launch a full-fledged Canadian bank, marking a major step in its transformation from a discount brokerage to an all-in-one financial institution.

Inside the Neighbourhood–Fisgard merger

Two big players in the alternative lending space have become one following the acquisition of Fisgard Asset Management by fellow B.C.-based Neighbourhood Holdings. The combined entity now boasts nearly $800 million in assets.

Brookfield’s earnings set record on strong fundraising

Brookfield Asset Management (BAM-T) said its third-quarter earnings reached an all-time high amid record fundraising and deployment of capital, particularly within its infrastructure, transition and credit businesses. Distributable earnings rose around seven per cent to US$661 million.

Cerberus reportedly looking for $3B for opportunistic real estate deals

Cerberus Capital Management is quietly raising billions of dollars for an opportunistic real estate fund. The New York-based alternative asset manager has a US$3B target for its Cerberus Institutional Real Estate Partners VII fund.

Vantage pours $2 billion into expansion in Virginia

Vantage Data Centers is expanding in Northern Virginia with a US$2 billion project near Fredericksburg, bringing its statewide investment to US$8 billion. The data centre owner and operator has broken ground on its fourth Virginia campus.

Vici buying assets of Vegas casino owner for $1.2B

Golden Entertainment is going private after selling its operating assets and seven of its casinos in a nearly US$1.2B deal. Gaming and experiential REIT Vici Properties agreed to purchase Golden's seven Nevada casinos in a sale-leaseback transaction.

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