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Retail rents continue to rise, little new space on way
Retail rents continue to rise, little new space on way
Canadian retail real estate rents have continued to rise across all format types and, with little significant new supply on the way to meet demand, that trend is expected to continue according to CBRE's latest retail rents survey.
Couche-Tard to acquire 270 central U.S. GetGo locations
Canadian gas and retail convenience store giant Alimentation Couche-Tard Inc. is making a big splash in international business circles this morning with acquisition plans for GetGo Café +Markets and 7-Eleven owner Seven & i Holdings Co.
Couche-Tard seeks to buy $31B owner of 7-Eleven chain
Circle K operator Alimentation Couche-Tard Inc. (ADT-T) made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co., in what would be the biggest foreign takeover of a Japanese company.
Pershing Square takes $385M stake in Brookfield Corp.
Bill Ackman’s Pershing Square Capital Management built a stake in Toronto-based investment management giant Brookfield Corporation during the second quarter of 2024, a U.S. regulatory filing showed. Ackman’s hedge fund ended the quarter holding 6.8 million shares of Brookfield.
Vancouver office vacancy rises, development slows down
Metro Vancouver's office vacancy rate continues to climb, but a development drought suggests this trend will level off. The vacancy rate rose to 10.4 per cent in Q2 2024, a slight increase of 0.3 per cent from the last quarter.
Ottawa office conversions improving with each project
Scaffolding has gone up in front of 360 Laurier Ave., where construction is underway to transform the former downtown office building into a high-end rental apartment complex. It’s the second such project for developer CLV Group and architects Linebox Studios.
Alberta is pitching itself as the place to build data centres
Alberta wants in on the soaring growth of data centres in North America. A pair of Alberta cabinet ministers set off for Silicon Valley last week to promote the province as a "prime location" to build the physical structures.
Industry braces as dual rail strikes loom on Thursday
More than 9,000 workers at Canada’s two major railways could be either on strike or locked out by Thursday, disrupting supply chains relied upon by many industries. Both CPKC and Canadian National Railway Co. have been halting shipments in preparation.
Canada's cities are sitting on too much cash
OPINION - Many of Canada’s major cities are sitting on large amounts of cash that they collected before – often years ago – the capital projects they were collected to fund are under way.
Capital gains winners created no jobs over last 5 years
Two sectors - real estate and the miscellaneous intermediation sector - were responsible for the majority of corporate capital gains earned in Canada over five years but added no new jobs over that time span, a new study found.
London Drugs moving in to Winnipeg's CF Polo Park
A new anchor tenant is landing in CF Polo Park — and as a result, the mall is undergoing significant change. London Drugs is to open in the former Zellers space, then expand to the Build-A-Bear Workshop and Urban Outfitters spaces.
Pusateri’s consolidates to one store, scraps Little Italy plan
Upscale Toronto grocer Pusateri’s has closed its Bayview Village location and scrapped plans to open a store in Little Italy. Pusateri’s has consolidated operations, including catering, into its flagship Avenue Road location.
B.C. sawmill pivots to prefab mass timber construction
On a parcel of land near Castlegar airport — about four city blocks in size — Kalesnikoff Lumber is building an 80,000-square-foot assembly plant for prefabricated mass timber buildings, thanks in part to $6.7 million from the provincial government.
Nesto wants bigger market share of mortgage renewals
Fresh from gobbling up a much larger residential and commercial mortgage player, CMLS Financial Ltd., online lender Nesto Inc. has its eye on a larger slice of the mortgage market.
TO wants family-sized condos but current builds don't work
Housing experts say we need more family-sized condos to help fix Toronto’s housing crisis, but what we’re building just doesn’t work. Of 8,823 condo apartments currently listed on MLS, fewer than 10 per cent have at least three bedrooms.
Proposal grows to 48 storeys at future Mount Dennis station
In a move to boost density in proximity to the soon-to-open Mount Dennis Line 5 and GO Station, Gairloch Developments has revised its proposal for 15 Hollis Street. The tower’s height has been increased from 34 to 48 storeys.
Sonder reaches Marriott license deal, secures more liquidity
Sonder Holdings (SOND-Q) has reached a series of deals to raise capital and integrate its brand into Marriott International's system, as the alternative-lodging company seeks to strengthen its financial health. Sonder operates over 9,000 boutique hotel rooms and short-term rentals.
Vantage plans 2 Atlanta data centres totalling 1.4M sq. ft.
Denver-based Vantage Data Centers is seeking to develop two data centres totalling over 1.4M sq. ft. in South Fulton County, according to applications filed with the Georgia Department of Community Affairs, which assesses developmental impacts on regional infrastructure.
How data centre brokers work in CRE's hottest asset class
As data centres have morphed from a few floors in a mixed-use building to customized, football field-sized nodes of computing technology, so has the job of the specialized corps of brokers who sell server space.
China court accepts liquidation hearing for Evergrande unit
A mainland Chinese court accepted a liquidation application filed against a China Evergrande Group unit earlier this month, triggering a formal legal process that ratchets up the pressure on the defaulted developer to either restructure or face liquidation.
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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