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Woodbourne, Epic buy Montreal industrial portfolio
Woodbourne, Epic buy Montreal industrial portfolio
Woodbourne Capital Management and Epic Investment Services have acquired a 313,511-square-foot small-bay industrial portfolio in the Montreal borough of Saint-Laurent from KingSett Capital for $66.5 million.
T.O.'s rising vacancies could threaten office valuations
While some towers are chock-full of tenants, one-third of the biggest office buildings in the core of Canada’s most important financial district are at least one-fifth empty, with some grappling with even larger voids of up to 50 per cent.
Marvel's 3-building Van. project to be sold over $46M debt
Marvel Group's planned 330-unit project, comprised of four-, nine- and 27-storey residential buildings in North Vancouver, is the subject of foreclosure proceedings as a result of a substantial amount of debt and has now been listed for sale.
 | The Industrial Real Estate Show Investing in class-B industrial real estateChad GriffithsPartner, NAI Commercial |
York proposes twin 33-storey towers in London
York Developments has proposed two 33-storey apartment towers on the 13-acre London Mall site, the former home of a Sears store. The project would include 408 apartment units and a six-storey commercial podium at its base.
Halifax considers incentives for office conversions
In an effort to respond to its ongoing housing crunch, the city of Halifax is considering ways to encourage developers to convert old offices into new apartments through monetary grants.
New Marriott hotel coming to Pictou County
A new hotel is coming to the East River Business Park in Pictou County, N.S. Barci Enterprises, led by Frank Barci and his investment partner Carlos Lopes, will build TownePlace Suites, part of the Marriott International hotel chain.
Esquimalt’s former English Inn receiving $13M facelift
Lenny Moy is at $13 million for renovations to the heritage Rosemead House, previously Esquimalt’s English Inn. A June opening for the restaurant is set to be followed by 28 hotel rooms and the Salt and Ivy spa.
NAIOP imposes order on CRE’s evolving vocabulary
NAIOP’s updated glossary of common CRE business terms presents an expanded list reflective of an evolving vocabulary across a multidisciplinary workforce. The newly released 2024 edition features 250 standardized definitions categorized by nine different functions, including ESG and building certifications.
Calgary Co-op breaks ground on new retail complex
Calgary Co-op has broken ground on a 42,000-square-foot retail complex in Cochrane. The former 150-acre gravel pit owned by Burnswest Properties is being developed as the Greystone community, with homes for around 1,800 residents.
Ted Baker Canada enters creditor protection
Fashion brand Ted Baker‘s Canadian division recently obtained protection under the Companies’ Creditors Arrangement Act in Canada. Ted Baker Canada operates 25 retail store locations under the Ted Baker, Lucky Brand and Brooks Brothers store banners.
London Drugs announces gradual reopening of stores
London Drugs says it is gradually reopening its stores following a cybersecurity incident that shuttered its more than 80 locations across Alberta, Saskatchewan, Manitoba and B.C.
Canada needs 57,000 workers to meet net-zero housing goal
Canada will need to fill a construction jobs gap of almost 57,000 positions to meet the country’s 2050 net-zero target for housing, according to Building a Greener Future, an analysis by BuildForce Canada.
Ontario comes up short on student housing
An analysis of campus housing at 22 of Ontario's publicly funded institutions found that six just don’t have the space to guarantee beds — including Queen’s University for the first time in many years — and two don’t have housing at all.
Vancouver neighbourhood is in the crosshairs again
OPINION: In a Mount Pleasant enclave along West 10th and West 11th Avenues, there stands some of Vancouver’s most pristine heritage houses, pink, blue and yellow Victorians and Edwardians, and several coach houses, as old as the 1890s.
Brookfield to invest about $1.5B in credit manager Castlelake
Canada’s Brookfield Asset Management (BAM-T) will invest about $1.5 billion in U.S.-based private credit manager Castlelake, the companies said on Monday. Brookfield will acquire a 51 per cent stake in Castlelake’s fee-related earnings as part of the deal.
31% of office mortgages at risk of default
About $52 billion, or 31 per cent, of all office loans in U.S. commercial mortgage bonds were in trouble in March, KBRA Analytics said. Chicago and Denver offices lead with 75 and 65 per cent in jeopardy, respectively.
Cress Capital acquires downtown Denver tower
Cress Capital has acquired The 410, a 24-storey class-A office building in downtown Denver. In collaboration with Denver-based E2M Ventures, Cress had acquired the loan on the 440,000-square-foot building earlier this year and negotiated a deed-in-lieu of foreclosure.
Crypto data centres still face a bumpy road
Bitcoin mining data centres are drawing attention again as the cryptocurrency's price has shot up to record highs, but crypto’s real estate gold rush may be a thing of the past.
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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