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North Drive joins Westdale, Cameron Stephens and Originate at 8 Rosehill

4 days ago

North Drive joins 3 partners on 52-storey luxury project

North Drive has joined Westdale Properties, Cameron Stephens Equity Capital and Originate Developments to develop 8 Rosehill, a 52-storey, 115-unit luxury residential condominium just southeast of Yonge Street and St. Clair Avenue East in Toronto.

Genesis buys two-hotel Marriott complex at Calgary airport

Genesis Hospitality, a Brandon, Man.-based company, has purchased two Marriott hotels at Calgary International Airport.  The acquisition is a dual-branded property: the Courtyard by Marriott and The Residence Inn by Marriott located at 2500 and 2530 48th Ave. NE.

Private-public development deals shaping student housing

The University of Toronto’s plan to build as many as 5,500 new student residence spaces by 2036 is expensive. So, like many post-secondary schools grappling with a housing shortage, it went in search of a developer with whom to partner.

Retail space construction hits 10-year low: JLL

Store owners might be having a harder time finding rental properties as the amount of retail space under construction in major Canadian markets dropped to its lowest level in a decade.

Art Deco-style hotel gets council support in Victoria

Victoria council has endorsed Reliance Properties' plans for a 126-unit hotel in the Art Deco-style B.C. Power Commission building on Blanshard Street, unanimously approving a heritage alteration permit for the building.

Office conversion would add 250 suites to Hyatt Regency

A proposal from Westmont Hospitality Group would add 250 suites to the Hyatt Regency at 370 King St. W. in Toronto’s Entertainment District through a small expansion and office conversion within the 19-storey building.

Cascadia Development announces strategic partnership with Fiera Real Estate

Institutional capital partnership advances 66-unit purpose-built rental community, marking the first British Columbia investment under Fiera Real Estate’s Canadian Built Opportunities Fund.

Sponsored by: Cascadia Development

Are developers really 'hoarding' condos?

It doesn’t really make any sense to own a piece of real estate and leave it vacant with zero income to offset a slew of carrying costs. Or does it? Politicians sure seemed to think developers are doing that.

TM Wander eyes expansion as Central Walk seeks partners

TM Wander could expand into shopping centres owned by other Canadian landlords as Ruby Liu and Central Walk look for partners to take the food, retail and entertainment concept beyond the company’s own real estate portfolio.

Toronto waterfront retail evolves, eastern district builds out

Toronto’s waterfront commercial market is developing differently from one end of the district to the other, with relatively low vacancy in established areas and considerably more available space in the rapidly developing east.

New data centre permit raises concern in northern Alberta

In September, the County of Grande Prairie approved a permit for a proposed data centre in the Emerson Trail area. The permit is for a “data processing establishment,” five accessory buildings, 15 generators and 15 cooling units.

N.S. reconsiders data centres as EverWind pitches project

After months of signalling that data centres were not a priority for his government, N.S. Premier Houston appears to be dialing back his position, as clean energy developer EverWind Fuels is considering a data centre at its existing industrial site.

Slate, OneIM acquire $399M Norwegian retail portfolio

Slate Asset Management and One Investment Management have agreed to acquire a portfolio of eight grocery-anchored retail parks in Norway's Greater Oslo region, anchored by Norway's leading grocery operators and discount retailers.

H&R REIT buys remaining interest in Florida apartments

Lantower Residential REDT has entered into an agreement with H&R REIT (U.S.) Holdings Inc. and Lantower Residential LP, each a wholly-owned subsidiary of H&R REIT, to sell its approximately 70.9 per cent interest in two Florida residential developments.

Miami Carnegie Mellon campus has developers salivating

When the news broke on Wednesday that billionaire Ken Griffin was spending $3B to bring a Carnegie Mellon University campus to Miami’s Wynwood neighbourhood, commercial real estate professionals sprang into action.

Developers adapt as lawmakers cut data centre tax breaks

U.S. data centre developers have long relied on tax breaks to make projects pencil. But as growing animosity toward the industry leads states and municipalities to roll back data centre incentives, developers are preparing to build without them.

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