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Harrison Street launches 3rd Calgary student housing project
Harrison Street launches 3rd Calgary student housing project
Harrison Street and its partner Gracorp Properties are launching the development of a 645-unit student and working professional housing project in Calgary’s University District, its third investment in the neighbourhood.
Bank of Canada nears decision on oversized rate cut
The Bank of Canada is widely expected to accelerate monetary-policy easing this week with an oversized interest rate cut in response to weak economic growth and concerns inflation could get stuck below the central bank’s target.
Brookfield seeks U.S. stock index listing, could turn American
OPINION - The Brookfield family of companies are cream of Canada's corporate crop. But they also have a distinctly New York flavour. So, news Brookfield Asset Management (BAM-T) is considering moving its headquarters to New York may give Canadians pause.
G2S2 Capital, Armco Alberta buy Calgary's Bow Valley Square
G2S2 Capital and its Armco Alberta subsidiary announced they have acquired one of Calgary’s trophy office assets, the 1.4-million-square-foot, four-tower Bow Valley Square.
Vancouver office market attracting foreign buyers: AY
Higher cap rates are creating a window for foreign investors to re-enter the Vancouver office market, according to a new analysis by commercial real estate advisory firm Avison Young (Canada) Ltd.
H&R REIT resubmission swaps TO office space for res tower
Developers are frequently seeking to forego office space in favour of increased residential density in this post-pandemic environment, as seen in freshly resubmitted plans for 310 and 330 Front St. W. in Toronto by H&R REIT.
Thind moving on from four-tower project in Richmond, B.C.
Burnaby-based real estate developer Thind Properties is officially moving on from the multi-building Minoru Square project it planned in Richmond. Thind was planning to build an office tower and three residential towers at the site.
DataHive CEO embarks on expansion of Calgary data centre
At age 68, Marjorie Zingle launched DataHive (DH1), after purchasing a failing data centre. Now 89, Zingle has leased the whole of the fourth floor of Calgary's Nexen Building on 7th Avenue for the company's expansion with DH2.
Gracorp and Fiera in legal battle over Vancouver JV project
Gracorp Properties and Fiera Real Estate partnered to purchase and redevelop a condo building on Burnaby Street in Vancouver in 2021. That relationship has since taken a turn, with the two partners embroiled a legal fight, according to court filings.
850 homes planned near Quebec battery industry hub
A major housing project will be built near the Bécancour battery industry to meet its urgent housing needs. The project will include over 850 homes and some commercial spaces, according to Landerz, a brokerage firm that specializes in land transactions.
Carrington Real Estate revives Winnipeg residential tower
The stalled construction of a 14-storey, mixed-use rental apartment tower in Winnipeg is revving back up. The project, called DSM, is over 30 per cent constructed and will have 160 rental apartments and two floors of commercial space.
Towers to townhouses, London home building is on a tear
It’s a little bit of everything, spread all over. A list of proposed residential developments coming to city politicians for approval offers a diverse mix of different types of housing, in different areas of the city.
Hamilton councillors delay ‘use it or lose it’ building provision
Hamilton councillors have heeded a call from the development industry to delay so-called “use it or lose it” provisions that would see municipal approvals yanked after three years if builders don’t follow through with plans.
Builders say Quinte W. should rethink 150% dev. charge hike
Quinte Home Builders’ Association is reiterating its call for Quinte West to rethink a 150 per cent proposed hike in development charges. It would have a resounding impact not only on the construction industry but also taxpayers, the association said.
Canadian investments in India's RE sector intact, expert says
Institutional investors from Canada, along with various partners, have invested close to $9B in Indian real estate and the current diplomatic row is unlikely to have any adverse impact on existing investments, a senior executive with ANAROCK Capital says.
New drone-based diagnostics tool in development
A game-changing new technology is in development that leverages drones, thermal imaging and AI-based analytics to detect, diagnose and fix building envelope defects faster, cheaper and more accurately than traditional methods.
Tishman Speyer JV lands $3.5B for Rockefeller Center
In the largest CMBS loan deal for a single office asset to date, the joint venture of Tishman Speyer and Henry Crown & Co. has obtained US$3.5 billion in refinancing for Rockefeller Center in Manhattan.
The $2.5B plan to transform six historic blocks in South Beach
When complete in 2027, Miami’s “Billionaires’ Beach” will be a sandier, sunnier version of Manhattan’s 57th Street or London’s Bishops Avenue. Developers are collectively pumping more than $2.5 billion into a handful of blocks along Collins Avenue.
RXR Partners JV secures $320M recap for NYC building
RXR, through its Office Recovery Fund, has partnered with Hudson Bay Capital to share ownership of and reposition 620 Ave. of the Americas, a historic 500,000-square-foot office and retail building in Manhattan’s Chelsea neighbourhood.
Bank OZK caps loan sizes as record profits run nears end
Bank OZK, the U.S.'s most prolific construction lender, is capping the size of its loans going forward as it pushes to diversify and reduce the concentration of risk in its portfolio due to its CRE exposure.
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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