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Calgary's 500 Fifth office tower latest to go on sale block
Calgary's 500 Fifth office tower latest to go on sale block
A virtually vacant downtown Calgary office tower, owned by oil giant Chevron, is for sale in the heart of the city. JLL Calgary Capital Markets has listed the property, 500 Fifth, located at 5th Ave. SW and 4th St. SW.
Grocery-anchored centres still 'most in-demand retail asset'
The number of grocery stores in Canada rose in 2024 and food retail chains plan on continuing that growth this year, particularly in the discount space to reach more price-conscious households.
Hedge fund Engine Capital demands new board at Parkland
Hedge fund Engine Capital LP has launched a campaign for a new board of directors at Parkland Corp. (PKI-T). Engine wants a new board to oversee a process that could involve the sale of one of the country’s largest retailers.
Inside Kevin O'Leary's Wonder Valley data centre dream
You know him as Kevin O’Leary, star of the hit TV show Shark Tank, nickname Mr. Wonderful. To residents of Alberta, the Canadian businessman is about to be known as the developer of the world’s largest AI data centre park.
Metro Vancouver’s apartment market sees big gains
Last year was a “solid” year for Metro Vancouver’s apartment market, according to Goodman Commercial's annual review. The report said dollar volumes increased 71 per cent to $1.78 billion in 2024 compared with $1.04 billion in 2023.
Two rental housing towers approved in Vancouver
The green light has been given to Quadreal Property Group to redevelop the north surface parking lot of Mount Saint Joseph Hospital in Vancouver into a significant mixed-use rental housing project.
Paired highrises proposed for Scarborough
Markham Lawrence Limited Partnership has proposed two highrise towers of 37 and 38 storeys for the southeast corner of Lawrence Avenue East and Markham Road in Scarborough's Woburn neighbourhood.
Highrise project proposed for old brewery in Edmonton
Dub Architects plans to put a residential and commercial building on land that houses the old Rossdale Brewery. The development could reach 17 storeys, with a maximum of 490 dwellings.
Hudson’s Bay stores could close within 10 to 12 weeks
Hudson’s Bay Co. stores could be liquidated by the end of May or early June if the company cannot find a buyer or investors willing to provide financing, a lawyer for the faltering retailer told a court hearing in Toronto.
Is Canada's retail scene ready for 'buy Canadian' demand?
AUDIO: CBC speaks with retail strategist David Ian Gray about how healthy our economic climate is for homegrown retailers, and how they can best capitalize on the wave of interest in "buying Canadian" sparked by the trade war.
L'Équipeur moves into Old Navy space at Laurier Québec
In the midst of a trade war, the American banner Old Navy, which left the 15,900-sq.-ft. premises it occupied at Laurier Québec for many years, will be replaced by a Canadian banner, L'Équipeur.
Pelican protects itself from its creditors
Pelican International is navigating troubled waters. Insolvent, the Quebec kayak, canoe and pedal boat giant is protecting itself from its creditors in the hope of restructuring. In Quebec, it operates two manufacturing plants in addition to a logistics centre.
GTHA construction still lags behind new population growth
Home construction in the Greater Toronto and Hamilton Area has continued to lag population growth, according to new data: only one new dwelling unit was completed for every nine newcomers to the region over a one-year period.
Seasonally adjusted rate of housing starts slowed: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed four per cent compared with January. The national housing agency says the seasonally adjusted annual rate came in at 229,030 units for February.
Housing catalogue will need permitting, supplies support
The rollout of dozens of standardized house designs is intended to help cities build homes more quickly and cheaply. But without improvements to permitting by municipalities and programs for sourcing building materials, they’ll have little impact, some developers warn.
Halifax improves development approval times by 11 months
A new study from the Canadian Home Builders’ Association concluded that Halifax Regional Municipality has improved its average timeline for development application approval by 11 months. In 2022, the average time was 20.8 months. In 2024, it was 9.8 months.
Potential U.S. federal office sales add uncertainty to sector
The General Services Administration, which is the largest landlord in the U.S. (at an estimated 360 million square feet), surprised the CRE industry and when it published a list of 440 buildings that could potentially be sold off.
Tamares lands $505M loan extension on Manhattan tower
Tamares Group has secured a four-year extension on the US$505 million debt at its 1500 Broadway office tower in Manhattan’s Times Square. The deal closed as the London-based company prepared to lose longtime tenant Good Morning America.
Construction cost growth 'far too hot' as tariffs begin to bite
U.S. construction costs notched higher in February, and a leading industry group is warning price hikes are likely to continue. Iron, steel, steel mill products and softwood lumber prices all increased sharply as President Trump’s new tariff regime set in.
Deepseek panic shows data centres are 'too big to fail'
Nearly two months after DeepSeek roiled markets and triggered alarms about the future of the data centre sector, greater clarity is emerging as to what the Chinese artificial intelligence model actually means for the industry.
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