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Dream sells 438 University office tower in Toronto for $105.6M

3 weeks ago

Dream sells 438 University office tower in TO for $105.6M

Dream Office REIT (D-UN-T) has confirmed it has an agreement to sell its 438 University Ave., office tower in the heart of downtown Toronto for $105.6 million as office transaction activity in the city seems to be on the upswing.

QuadReal works toward Capilano Mall redevelopment

QuadReal Property Group continues laying the groundwork for what it says will be the largest single redevelopment in the City of North Vancouver. It has just completed public disclosure of a 16.5-acre concept to redevelop Capilano Centre Mall. 

AstraZeneca to invest $820M in Ont. life sciences sector

Global biopharmaceutical business AstraZeneca will expand its research and development facilities in Mississauga and relocate its Canadian headquarters to a larger, state-of-the-art office as part of an $820 million investment in Ontario's life sciences sector.

BoC set for another rate cut as Trump’s tariff threats loom

The Bank of Canada is expected to cut interest rates again this week as it braces for a trade war with the United States that could push the Canadian economy into a recession and raise consumer prices.

Inside corporate Canada’s strategy for tariff threats

Canadian companies are stepping up efforts to mitigate risks under U.S. President Donald Trump's 25-per-cent tariff threat. Across industries, businesses are looking at measures from selling government tax credits to accelerating long-term growth plans south of the border.

RESCON supports Ford’s decision to seek new mandate

The Residential Construction Council of Ontario has announced its support for Premier Doug Ford's decision to seek a new mandate from voters. RESCON said Ontario must have an effective leader in place to deal with a new aggressive U.S. administration.

Costco spends $14 million to buy Staples Langford site

The land occupied by Staples in the busy McCallum and Millstream roads area of Langford has been bought by retail giant and immediate neighbour Costco for $14 million. The sale added 2.3 acres to Costco’s land holding.

Vacancies rising in Vancouver office market

The office market in Greater Vancouver saw a higher vacancy rate in Q4 2024, rising 1.2 percentage points annually to 9.8 per cent, according to commercial real estate services firm Colliers Macaulay Nicolls Inc.

Feds ground plans for future airport at Pickering Lands

After more than 50 years, the federal government is abandoning a plan to use a contentious 18,600-acre plot of land in north Pickering for a future airport, and intends to use it to expand Rouge National Urban Park instead.

Tunney's Pasture dev. to see more housing, less office space

Housing — denser, taller and cheaper — will be the hallmark of a revamped Tunney’s Pasture plan unveiled by Ottawa's National Capital Commission. The plan calls for 7,000 to 9,000 new housing units and office space for 7,600 public servants.

Landmark Premiere faces receivership on Vancouver project

A redevelopment at a site near Oakridge Park in Vancouver is set to be delayed as the developer faces receivership proceedings, according to court filings. Landmark Premiere Properties was planning over 600 units for the Shawn Oaks site.

10 issues commonly seen in RE deals gone wrong

OPINION - Want to avoid problems in your next real estate deal? Here are the top 10 issues in my experience that can lead to disappointment, unnecessary expense and even litigation in real estate agreements, in no particular order.

Calgary land use planning document delayed to 2026

Calgary Mayor Jyoti Gondek says the implementation of the Calgary Plan, a framework for future land-use decisions and transportation arrangements as the city grows, will be pushed back by about a year.

Can pickleball go corporate in Canada?

As pickleball soars in popularity, the balance between supply and demand has gotten increasingly out of whack. Now, a U.S. company is betting it can make big bucks off all those court-hungry pickleballers with a network of indoor pickleball franchises in every major city in Canada. 

Retail consolidation stifles innovation in food production

Consolidation of the grocery sector stifles food manufacturing, which will hurt Canadian consumers if a trade war erupts with the United States, say the authors of a new report. Three retailers hold 65 per cent of Canada’s grocery market share.

Brookfield seeks to buy more Japan property after $1.6B in deals

Brookfield Asset Management said it plans to ramp up real estate investments in Japan after buying a stake in a landmark Tokyo hotel and a large plot of land for logistics development in deals worth a combined $1.6 billion.

AT&T sells office buildings for $850M in 13M sq. ft. sale-leaseback

AT&T sold dozens of office buildings for more than US$850M as part of the telecommunications giant's effort to reposition its real estate footprint. New York-based Reign Capital purchased the properties through sale-leaseback agreements with AT&T. 

Big tech wants to plug DCs into power plants. Utilities say it’s not fair

Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals with power plant owners to plug in directly, avoiding a longer and more expensive process of hooking into a fraying electric grid.

Six life sciences real estate trends to watch in 2025

Evolution and innovation are critical to the field of life sciences, with each year bringing new challenges and breakthroughs. This holds especially true in the built environment — the labs, offices, and other commercial spaces that support this dynamic industry.

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