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Cedar Coast kicks off large strata industrial build near Vancouver airport
Cedar Coast kicks off large industrial build near Van. airport
Cedar Coast, a developer in B.C.'s Lower Mainland, has started work on a two-building industrial project in Richmond near the Vancouver airport that will deliver almost a quarter-million square feet of strata product into the market.
A call for a national rental housing infra plan for Canada
GUEST SUBMISSION: As a real estate developer with over 45 years of experience, I’ve witnessed the evolution of Canada’s housing market — and now, its collapse into a supply crisis. I'm also a father of five children . . .
Focus on sustainability at National Bank's new Montreal HQ
National Bank of Canada (NA-T), the sixth largest bank in the nation, is applying sustainability technologies at a heightened scale at its new headquarters in Montreal. Inaugurated in September, National Bank Place is a 40-storey, 1.1-million-square-foot building.
GTA office-to-housing conversions could be win-win: JLL
A new JLL report asserts office-to-residential conversions in the Greater Toronto Area could be a boon for both sectors of the city’s real estate market - and calls on the city to remove one impediment to these types of projects.
Demolition looms for Toronto’s whimsical cube homes
Block Developments, which owns the land where the cubes sit, has submitted a demolition application to the city. The developer bought the cube homes at 1 Sumach St., along with six homes across the street, in 2023 for $19.12M.
CDPQ puts $60M in private equity to buy mid-size companies
The Caisse de dépôt et placement du Québec is investing $60M in a private equity fund created by BDG & Partners. The fund aims to acquire controlling interests of Canadian mid-sized companies operating in manufacturing, food, distribution and specialized services.
Canada’s massive pension funds barely invest at home
COMMENTARY - Canada has the third-largest share of pension wealth globally, despite being the 38th most populous country. Yet pension funds invest little domestically. For example, the Canada Pension Plan only invests 12 per cent of its total assets here in Canada.
Ontario plans governance review at pension fund OMERS
The Ontario government is launching a governance review of the province’s largest pension fund for municipal employees, responding to complaints of a perceived lack of transparency from one of the pension plan’s two boards of directors.
Warehouse property boom fades as shoppers stop clicking
The pandemic changed how we shop, accelerating massive changes in the back end of e-commerce. Industrial real estate boomed, with rents soaring and vacancy rates plunging at warehouses and fulfilment centres. But, rising interest rates have dampened consumer demand.
Hotel assets: the dark horse in real estate investing
Once an 'underdog' in the world of real estate investing, the hotel sector has experienced a remarkable resurgence over the past decade, with a particularly significant upturn since 2021, driven by the surge of pent-up demand resulting from the pandemic.
Primaris expected to shop for more properties
Last month, Toronto-based Primaris REIT paid $325M to add Les Galeries de la Capitale, with over a million sq. ft. of space, to its portfolio. Analysts say the REIT is emerging as go-to buyer of pension fund assets.
Moncton building permits reach $239M so far in 2024
Moncton's building boom continued through the third quarter of 2024 with a total of $232.9 million worth of building permits issued so far this year. The city issued a total of 346 building permits from July to September.
Burnaby needs more than twice as many homes as it thought
A new report shows Burnaby will need more than double the homes than it expected by 2031. The city’s new housing needs report estimates Burnaby needs 36,540 homes by 2031, 143 per cent more than its previous estimate.
Two mixed-use towers proposed in Kitchener
Two towers with office and commercial space and 744 residential units are being proposed for a site next to Highway 401 near the Kitchener-Cambridge border. The proposal, from Burlington-based LJM Developments, would require official plan and zoning bylaw amendments.
New sports centre proposed for a property in Oakville
Tafia Development is seeking a zoning amendment for a property on Loyalist Trail in Oakville, Ont. Currently home to industrial and office buildings known as Oakville Glen Business Park, the owners want to redevelop the property into a fitness facility.
Nordic spa planned for former Mactaggart home in Edmonton
Edmonton could finally get its first Nordic spa. Scandinave Group has applied for rezoning permission to build a spa at Soaring, the 10-acre property which formerly housed the modernist mansion of Sandy and Cécile Mactaggart.
Blackstone has spent $22B on RE acquisitions to date in 2024
The world’s largest commercial real estate owner was on a buying spree after calling bottom in the property markets earlier this year. The company spent or committed $22B toward real estate acquisitions through the first nine months of 2024.
Floyd Mayweather Jr. to acquire 1,000 NYC apartments for $402M
Floyd Mayweather Jr. earned the nickname "Money" for the record winnings he took home during his undefeated boxing career. Now, Mayweather is living up to his moniker in the commercial real estate market.
U.S. housing starts ease on decline in multifamily construction
U.S. housing starts eased in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings. Housing starts decreased 0.5 per cent last month to a 1.35 million annualized rate, according to government data released Friday.
Conor, Dayton Street deliver 1.1M sq. ft. of industrial in California
Co-developers Conor Commercial Real Estate and Dayton Street Partners, along with their partner, an affiliate of Heitman, have completed a three-building, 1.1 million-square-foot speculative industrial property in Stockton, Calif. Facilities range from 121,680 to 833,280 square feet.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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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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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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