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Seacliff advancing 3 major Vancouver Island developments

2 days ago

Seacliff advancing 3 major Vancouver Island developments

The Vancouver Island development market has not been immune to the challenges the rest of B.C.’s new-housing market has been facing, but that hasn't stopped Seacliff Properties from moving forward on several phased developments. 

Good planning doesn't equal good design

Naama Blonder
Architect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP

How much were Canada’s top CEOs paid in 2024?

A number of CRE-related CEOs made the list for highest pay in 2024 among Canada's 100 largest public companies. Top ranked was Jay Hennick of Colliers International Group (CIGI-T) whose total compensation for the year was $70.3 million.

AIMCO looks for new CIO amid push to expand Calgary office

Alberta Investment Management Corp. is hunting for a new chief investment officer as it carries out an overhaul that began last year when the provincial government fired the board and its top executive.

New Lime Ridge Mall owner Primaris looks to the future

Primaris (PMZ-UN-T) CEO Alex Avery shares early plans for Lime Ridge Mall in Hamilton Mountain, which the REIT recenly purchased from Cadillac Fairview for $416M. Plans include finding an anchor tenant and some demolition to accommodate housing development.

Hudson’s Bay back in court for sale of three leases

Hudson’s Bay Company is scheduled to be back in court this morning, where it’s expected to seek approval from a judge to sell three of its leases to B.C. mall owner Weihong Liu.

Toronto proposes big changes to neighbourhood retail plan

Rather than allowing small shops on the corners of all neighbourhood streets, the City of Toronto is proposing businesses only be established on more heavily trafficked local roads, such as Shaw Street.

Canadian clothing brand Duer expands in U.S. and Canada

The newest Duer store is set to open this Friday in Victoria, B.C. The company wants to open 30 to 40 physical locations in the next few years, mostly in the U.S., where the brand already has a sizable presence.

Will Toronto’s green homebuilding measures survive?

A battle is brewing over the fate of environmental standards that Toronto has long imposed on homebuilders, with the Ford government and developers in one corner and city officials in the other, the Star has learned.

As London opens land for development, landowners want in

As London moves to open up over 3,700 acres for development, landowners are lining up to have their parcels included. Among the applicants to move properties inside the growth area are Sifton Properties, Auburn Developments, Southside Group and Farhi Holdings

Cogir president says Montreal rents will continue to rise

A former finance major at Couche-Tard, Raymond Paré now works as president and partner at Cogir. The company develops, builds and leases 23,000 apartments, giving him a bird's-eye market view. He says rising rents are affecting tenants' ability to pay.

Bid for Thind project collapses as presale buyers back out

In a rare and unfortunate turn of events, the stalking horse bid to take over the District Northwest project in Surrey by Thind Properties has been terminated, according to court documents.

Retrofit program to help decarbonize Montreal buildings

Owners of aging multiresidential buildings in Montreal with an interest in decarbonizing their properties can now tap into a retrofit funding program run by Efficiency Capital and The Greater Montreal Climate Fund.

Polycor must pay Quebec $10M for closed stone company

Natural stone company Polycor will have to pay a $10 million penalty for closing its Rivière-à-Pierre plant in Portneuf, three years after receiving $98 million from the Quebec government.

Trent breaks ground on largest development since founding

Trent University has officially broken ground on Gidigaa Migizi College and the Otonabee College residence, marking the beginning of one of the largest infrastructure developments for both the university and the Peterborough area since Trent’s founding in 1964.

Halifax council passes plan to prepare city for 1 million people

Halifax councillors have passed a plan guiding growth for years to come. It continues the goal of densification, and aims to have 75 per cent of new development go in the urban area where water, sewer and transit services exist.

U.S. resort-area hoteliers feel the Canadian cold this summer

Once-bustling cross-border tourist traffic has slowed to a crawl since President Donald Trump imposed new tariffs and floated the idea of annexing Canada. The fallout is prompting a wave of trip cancellations, leaving hotels, restaurants and entertainment venues scrambling.

Amazon tells thousands of staff to relocate for work

Amazon is escalating its battle to bring employees together. The tech giant is asking several thousand employees to relocate to specific locations to be closer to their teams, in some cases asking staffers to move across the country. 

Commercial real estate credit distress is spreading

The pain in U.S. CRE credit continues to bubble to the surface after a surge in borrowing costs and the rise of work from home left lenders vulnerable. Delinquencies continue to increase, though the rate has moderated, Green Street said.

PHP raises Assura bid to $2.4 billion in latest KKR fight

A takeover battle for one of London’s healthcare REITs took a new turn after the board switched its recommendation from an all-cash private equity offer to a sweetened one by a listed player.

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