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IWG to open 13 new flexible workspaces in Canada
IWG to open 13 new flexible workspaces in Canada
IWG has announced plans to open 13 new locations over the next eight months across Canada, including Metro Vancouver, Edmonton, Regina, Winnipeg, the Greater Toronto Area and London, Montreal, Quebec City and Halifax.
RioCan, Allied unveil retail tenant list for Toronto's The Well
The developers of downtown Toronto’s massive multi-tower The Well have announced an initial roster of retailers and services which are, or will be, tenants in the three-million-square-foot mixed-use complex.
30% of T.O. office buildings ‘obsolete’: Michael Cooper
Michael Cooper, chief executive officer of Dream Office REIT (D-UN-T), says about 30 per cent of downtown Toronto’s buildings are obsolete and likens leasing office space in the city to playing a game of snakes and ladders.
Manitoba Métis acquire two downtown Wpg. buildings
The Manitoba Métis Federation has acquired the former Wawanesa Insurance building at 200 Main St. as well as the adjacent 165 Fort St. in downtown Winnipeg. The seven-storey 200 Main St. features 111,778 square feet of office space.
Construction steel prices expected to remain high
Western Canada remains locked out of lower cost steel by Canada’s protectionist tariffs and any slight price reductions are expected to be eroded through inflationary pressures and escalating costs of placing steel on jobsites.
Manufactured housing 'missed opportunity' to ease crisis
A study by the Joint Center for Housing Studies of Harvard University confirms manufactured housing offers a less-expensive alternative to site-built homes, and calls it a "missed opportunity" within the industry.
Romspen's B.C. residential/golf dev. moves forward
Peachland, B.C., council gave third reading to Romspen’s The Pines at Ponderosa, a 445-unit residential development and nine-hole golf course on 260 acres at the base of Pincushion Mountain in the South Okanagan.
Coquitlam approves first tower at Beedie's Fraser Mills
The first tower in Beedie Living's new waterfront community Fraser Mills has Coquitlam council's blessing. Members unanimously approved a development permit for a 36-storey condo high-rise called Debut, with 318 homes at 1251 Ghuman Place.
PROREIT sells three properties for $11.3M
PROREIT (PRV-UN-T) today announced it has completed the sale of two non-core office properties and one non-core retail property totalling approximately 63,000 square feet of gross leasable area for total gross proceeds of $11.3 million.
Sisters of St. Joseph's lakefront retreat for sale
The Sisters of St. Joseph are selling their lakefront summer retreat and vacation property in Orillia. The 8.35 acres includes seven structures consisting of four residences - the largest is 5,500 square feet - one cafeteria, one garage and a pool shed.
BESTSELLER unveils sustainability-focused Montreal HQ
BESTSELLER, a Danish fashion house renowned for its sustainability focus, announced the opening of its new Montreal headquarters. BESTSELLER's Montreal office will serve as its North American hub and doubles as a showroom for its suite of fashion labels.
CAGBC to launch free low-carbon training in October
The Canada Green Building Council (CAGBC) has partnered with industry associations to provide a free low-carbon training program, the first of its kind in Canada. It will roll out in October and will be available through March 31, 2024.
B.C. issues certificate for terminal expansion project
The B.C. government has issued an environmental assessment certificate for the controversial expansion project at Roberts Bank, saying the province “could not prohibit” the project from being built. Roberts Bank already includes Deltaport, the largest container terminal in Metro Vancouver.
OPINION: 16 Canadian REITs that offer safety and value
The REIT Index is down, but a contrarian assessment finds REITS which might offer safety and value: CAPREIT (CAR-UN-T), RioCan (REI-UN-T), Granite (GRT-UN-T), Choice Properties (CHP-UN-T), Dream Industrial (DIR-UN-T), SmartCentres (SRU-UN-T), Boardwalk (BEI-UN-T), First Capital (FCR-UN-T) and more...
'Record collapse' in U.S. regional banks' CRE lending
In Q2, regional banks accounted for 25% of all new commercial real estate loans worth at least $2.5 million, a 900-basis-point drop from the first quarter, according to data published Wednesday by capital markets research firm MSCI.
1/3 of U.S. office supply could be removed: CEO
TCW Group CEO Katie Koch expects further dislocation in the CRE sector as U.S. workers remain reluctant to return to the office full time. “One-third of the supply has to be taken out of the office market,” Koch said Thursday.
Houston REIT defaults on Dallas office building
The future of a 253,000-square-foot Uptown Dallas office building with a $16.45 million loan approaching maturity is in jeopardy amid Houston-based Pillarstone Capital REIT's inability to refinance and an ongoing legal battle with a limited partner.
NYC office tower draws Norway fund as investor
Norway’s $1.4 trillion sovereign wealth fund is partnering on a project to build an office skyscraper near Manhattan’s Grand Central Terminal. Norges Bank Investment Management purchased a 45% stake in a planned 900,000-square-foot tower at 343 Madison Ave.
Target shuttering nine stores to curb losses from theft
Target Corp. (TGT-N) is closing nine stores in four states to stem losses from rising retail theft. One Manhattan location will be shuttered, along with two in Seattle, three in Northern California and three in Portland, Ore., on Oct. 21.
Gazprombank buys Russia shopping centres from Ingka Group
Gazprombank Group has bought 14 MEGA shopping centres in Russia from a unit of IKEA store operator Ingka Group for an undisclosed price in the latest exit by a Western company due to the war in Ukraine.
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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