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Northcrest drops film studio plan for Toronto's massive YZD
Northcrest drops film studio plan for Toronto's massive YZD
Northcrest’s YZD redevelopment is slated to become, arguably, the most transformative project in Toronto’s history — and RENX has learned of a major change that could chart a new course through its 30-year development timeline.
Equiton acquires 4-property Toronto apartment portfolio
Equiton Residential Income Fund Trust has acquired four rental buildings in Toronto, adding 346 apartments to its portfolio and continuing a growth period that has seen it cross $1 billion in assets under management in 2024.
Construction continues on troubled mega-tower The One
Toronto's skyline is undergoing a period of unprecedented transformation, and the development boom that has reshaped the city in recent years is now producing the tallest buildings ever constructed in Canada.
Rogers wins MLSE with no outside financing
Rogers Communications (RCI-B-T) agreed to buy rival BCE's (BCE-T) stake in Maple Leaf Sports & Entertainment with no financial backing from private investors or lenders, a “trust me” approach saving millions in banking fees on its $4.7-billion acquisition.
Calgary revives office conversion program with $52.5M fund
Calgary’s office-to-residential conversion program is being revived by city hall nearly a year after it was paused when the city allocated all of its $153-million budget in the program’s first iteration.
Ottawa is no longer holy grail for institutional office investors
Another marquee downtown office tower is up for sale as some real estate brokers say Ottawa is losing its lustre for institutional investors amid ongoing uncertainty over the future of work in the city’s core.
Couche-Tard's road to proposed 7-Eleven takeover
Quebec's Alimentation Couche-Tard (ATD-T) started with one store in 1980. Now, the retailer stands a serious chance of taking over the largest operator of convenience stores in the world: 7-Eleven.
Hardware sector sharpens tools while awaiting recovery
Canac recently began preparatory work on its distribution centre in Saint-Nicéphore, a sector of Drummondville. The cost of the work is $95 million, according to information from the permit. It involves an expansion of approximately 58,000 square metres.
Why is Vancouver still banning apartments in most areas?
OPINION - Vancouver is the epicentre of B.C.’s housing crisis and shortage. So why does the city still effectively ban new apartment buildings on most of its residential land, reserving it exclusively for low-density housing?
Local developers challenge housing pipeline numbers
Just because a development plan is approved doesn’t mean it’s ready for construction to begin and it’s misleading to suggest otherwise, a local developers' group has told council in response to Guelph's Growth Management and Housing Affordability Monitoring Report.
44-storey apartment building set for old Kitchener CTV home
Vive Development is proposing to build a 44-storey tower with 455 apartments on the former CTV station property at King and Pine streets. The existing building could be demolished next month; with construction starting in the spring.
Cambridge scales back, cancels affordable housing concepts
Staff will lay the groundwork to get a 50-unit apartment building up in Cambridge, but three other proposals pitched to utilize city-owned land for affordable housing either won't go ahead at all, or have been drastically reduced in size.
Who buys private islands? This B.C. realtor has sold over 30
Private islands — those elusive paradises we dream about, conjuring images of sipping cocktails under the sun in total seclusion — are a pretty common sight off the coast of Vancouver Island.
B.C. helps fund First Nations-led housing dev. in Vancouver
The Heather Lands housing development includes commercial and cultural spaces in towers up to 28 storeys. It would total 2.5 million square feet of floor space. MST Development Corporation will work with Canada Lands Co., Vancouver and the province.
Strategic Storage Growth Trust III buys new Alberta facility
Strategic Storage Growth Trust III, a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, has announced the acquisition of a new, 36,900-sq.-ft. self-storage facility in St. Albert, Alta.
Probe finds $1.2M in arrears and rental losses in Hamilton
City leaders says Hamilton will strive to be a more effective landlord after an auditor-general probe concluded an accumulated $1.2 million in arrears and rental losses wouldn’t likely be recovered. One commercial tenant ended up owing $720,000.
Movie theatres make $2.2B bet on box office rebound
North American theatre owners unveiled plans for $2.2B in capital investments to draw moviegoers out of the house with a premium experience at the multiplex. The investment encompasses eight cinema chains in the U.S. and Canada:
First multifamily project pitched at 250-acre Miami office park
Apartments could be coming to Waterford Business District, the sprawling office and hotel complex directly south of Miami International Airport. London and Regional Properties is proposing to add up to 600 apartments at 5800 Blue Lagoon Dr.
NYC's largest commercial real estate feud has ended
One of the highest-profile feuds in New York's commercial real estate industry has come to an end. Ben Ashkenazy, the billionaire mogul who has owned some of the nation's signature properties, and Century 21 store founders the Gindis, have settled.
Wanda mall operator near completion of shareholder revamp
Dalian Wanda Group Co. is close to bringing in new shareholders for its mall operating unit. The completion of the Chinese conglomerate’s plan, which has been months in the making, could be announced as soon as the coming weeks.
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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