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GWLRA to create amenities building for One Adelaide office tower

2 weeks ago

GWLRA to create amenities building for One Adelaide

As more and more workers return to downtown office buildings, the buildings they are returning to are rapidly being upgraded to welcome them. GWLRA's One Adelaide East office tower will be the most recent example.

Deecorp’s Vancouver hotel part of Granville St. resurgence

It could take up to 20 years to return Granville Street to its former glory as the city’s main entertainment and hospitality district, but developer Stanley Dee figures his recently approved hotel project will be part of that success.

The great decoupling in industrial real estate leasing

GUEST SUBMISSION: It’s obvious to most players in the Greater Toronto Area industrial leasing market that the sector has slowed over the past 24 months. What’s less obvious is the secondary effects this has created.

Hamilton NBA star invests in downtown arena

OPINION: Shai Gilgeous-Alexander plays basketball in an awful lot of arenas around North America. Now he’s about to become a part owner of one. Oak View Group announced Monday morning, the star point guard is investing in TD Coliseum.

Calgary still has many corporate HQs, but with fewer people

Calgary remains among the top headquarter cities in Canada — the share of its workforce employed at head offices continues to outpace other major centres such as Toronto, Montreal, Edmonton and Vancouver. But Calgary has been losing ground.

Via Rail leases out office space in Pacific Central Station

One of Vancouver’s most recognizable landmarks and oldest major buildings is getting a new kind of passenger — not on the tracks, but in its office space within the upper levels of the building.

WoodWorks at BUILDEX: Inside the conversations shaping wood-based design & construction innovation

Accredited WoodWorks BC seminars by top industry leaders dive into mass timber, hybrid systems, and housing delivery innovations and challenges shaping active BC projects. Last chance to register for this Wednesday & Thursday, as limited tickets remain. Secure your spot here. 

Sponsored by: WoodWorks BC

Sustainability in mind, Siemens looks to 'do more with less'

Founded in 1847, Siemens, has been in business since the days of the telegraph. A critical factor in its longevity has been its ability to adapt to evolving technology, which continues today with AI, software and sustainability taking centre stage. 

Kitchener-Waterloo’s building industry grinds to a halt

Kitchener-Waterloo’s billion-dollar building industry is in limbo weeks after the Region of Waterloo said it would no longer approve new development applications until it can fix a water supply system that has insufficient capacity to meet population growth.

Rival Filipino Cultural Centre plan proposed in Vancouver

After publicly opposing a proposed new mixed-use hotel with a Filipino Cultural Centre on Main Street in Vancouver’s Mount Pleasant area by a developer and another non-profit organization, Filipino BC is now coming forward with its own competing plans.

Abbotsford plans large mountain-side development

Over the next 40 years, the McKee Neighbourhood Plan envisions thousands of new homes for more than 20,000 residents, parks, schools and opportunities for the neighbourhood to be an outdoor adventure hub.

What's next for the old Royal Vic? Not student housing, yet

A CDPQ Infra report on the feasibility of converting a portion of the former Royal Victoria Hospital into student housing puts the cost of upgrading the heritage buildings at nearly 79 per cent of the estimated $845M construction cost.

Onex completes $7B acquisition of Convex Group

Onex Corp. says it has completed its deal to buy Convex Group Ltd., a specialty property and casualty insurance and reinsurance business, in partnership with American International Group Inc.  

Loblaw expands Maxi discount strategy in Quebec

Loblaw Companies Limited is continuing its push into value-oriented grocery retail with the opening of a new co-located Maxi and Pharmaprix in Mont-Laurier. The new location is one component of a much larger capital program. 

Eddie Bauer looks for buyer, stores to liquidate

The operator of Eddie Bauer’s Canadian stores says it has filed for U.S. bankruptcy protection and will soon make a similar filing in Canada. Eddie Bauer LLC says the 220 stores across both countries will remain open, but host liquidation sales.

Legal battle over the construction of a grocery store

Should a municipality promote economic development or protect existing businesses? The owner of a vacant lot is suing the City of Saint-Joseph-du-Lac, which is slowing down his commercial construction project to avoid harming the local grocery store.

White House mulls opening antitrust probe on homebuilders

Trump administration officials are exploring opening an antitrust investigation into U.S. homebuilders as the White House sharpens its focus on tackling the country’s housing affordability crisis. The Department of Justice could open the probe in the coming weeks.

Westbrook selling Ritz-Carlton hotels in New York and D.C.

Westbrook Partners, a Palm Beach Gardens, Fla.-based real estate investment firm, has sold The Ritz-Carlton New York, Central Park and is on the verge of selling The Ritz-Carlton Washington, D.C. in the West End neighbourhood of the U.S. capital. 

Cousins Properties pays $318M for Charlotte tower

Cousins Properties has acquired 300 South Tryon, a 638,000-square-foot lifestyle office building in Charlotte, N.C., for US$317.5 million. Barings previously owned the class-A property, according to Yardi Matrix information. The firm is also the tower’s anchor tenant.

Shallow-bay CRE: Not just for industrial anymore

Over the past several years, one of the most consistent shifts within commercial real estate has been the blurring of traditional lines between retail and industrial space – particularly in the small-bay and shallow-bay segment of the market.

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