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Peakhill, Ziegel Advisors launch commercial brokerage platform

1 day ago

Peakhill, Ziegel launch commercial brokerage platform

Peakhill Capital and Ziegel Advisors Inc. have launched a national commercial real estate brokerage platform called Peakhill Commercial Realty. The business is led by Jamie Ziegel as its chairman and national sales team lead. 

Rosefellow expands industrial footprint with new offices

Bullish on the industrial markets in Ottawa and the U.S., Montreal-based developer Rosefellow will open offices in the national capital and Miami. “We see an incredible runway in Ottawa,” says Rosefellow co-CEO Mike Jager. 

Zonix’s 1,060-unit Markham project put under receivership

After being listed for sale last year, the sprawling Grand Park project in Markham, Ont., is now under receivership, according to Ontario Superior Court filings. Zonix had planned two residential towers, 40- and 44-storeys tall, for the site.

Will defence-driven spending propel Halifax's growth?

Halifax could be on the cusp of a transformation that puts it alongside Canada’s largest urban centres, with unprecedented growth expected over the next decade as billions of dollars in defence and infrastructure investment reshape the region’s economy.

Massive new maintenance hangar coming to Winnipeg

A 73,110-square-foot maintenance hangar being built near Winnipeg's airport will create hundreds of jobs and the potential for more flights, WestJet's CEO says. The facility will be built west of airport in the newly named Airlink Business Park.

Inside the current U.S. lot development market: What the submarket data is actually saying

Real estate remains intensely local. Even neighbouring master-planned communities can face entirely different demand conditions, housing inventory levels and pricing dynamics. Today, success depends less on choosing the right metro and more on selecting the right corridor within it.

Sponsored by: Trez Capital

Alberta policy luring data centres: power producers

Alberta’s data-centre policies will go a long way to successfully draw projects to the province and could help avoid development pushback seen in the United States, say the heads of two of the province’s largest independent power providers.

6-storey boutique hotel proposed for Kensington Market

The project would occupy a 462-square-metre property between College and Oxford streets. Plans call for 43 hotel rooms, including 28 standard rooms, six accessible deluxe rooms, six accessible family rooms and three loft-style rooms.

30-storey condo tower proposed in Barrie

A 30-storey condominium tower is being proposed in Barrie’s Allandale neighbourhood, within the Allandale GO Major Transit Station Area. The residential tower would rise above a six-storey podium and feature 285 condominiums.

Granite REIT announces three-for-one unit split

Granite REIT (GRT-UN-T) has announced that its board of trustees have approved a three-for-one split of the trust’s outstanding units for unitholders of record at the close of the business day on Nov. 18.

New retail development is on the way west of Edmonton

A new retail complex is on the way for Spruce Grove, Alta., bringing more commercial space to the growing city west of Edmonton. The development will feature eight commercial bays, with leasing options ranging from 1,250 to 9,000 square feet.

Sunterra shutting down another location in Alberta

Alberta-based Sunterra Group, with a portfolio of grocery stores and meat processing facilities, has closed its third store in a few months. The company recently went through a court-approved for sale or investment process within its court-supervised restructuring proceedings.

Wendy’s rejects takeover bid from Trian to take it private

The board of Wendy’s Co. unanimously rejected a roughly US$1.4 billion buyout offer from a group led by Nelson Peltz’s Trian Fund Management, saying the proposal substantially undervalues the company.

Cushman & Wakefield's global HQ sells at 45% discount

An affiliate of Prime Finance acquired the 31-storey Chicago office tower in a joint venture with Hines. It sold for US$115M, a 45 per cent discount from US$210M, which the company paid in May 2020.

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