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Theia's new Ottawa multires development a unique venture
Theia's new Ottawa multires development a unique venture
The two-tower Odayanhaway development in Ottawa’s West End will most assuredly change the area’s skyline. The innovative project at 30 Cleary Ave. also has the potential to change the way similar developments come together in the city.
Broccolini sells 980,000-sq.-ft. distribution centre for $246.35M
Broccolini has sold two industrial buildings totalling almost a million square feet, located on 63 acres of land in Cornwall, Ont., to Michelin for $246.35 million.
2 GTA office buildings could be torn down for 4 condo towers
Two office buildings in the heart of North York are on the chopping block. Developer Lev Living has proposed to raze the existing buildings and redevelop the Sheppard Avenue East site with towers rising 59, 53, 49 and 30 storeys.
Canadian firms urged to take risks as equity deals slump
Investment bankers are urging Toronto-listed companies to buy a business or raise some money as deal volumes in Canada have fallen to their lowest levels in 23 years. There were 236 deals in 2024, raising $17.2 billion.
Canadian dollar hits multi-year low
The Canadian dollar tumbled to a near five-year low against its U.S. counterpart as hawkish guidance from the Federal Reserve boosted the greenback and investors sought protection against additional losses for the Canadian currency.
 | North American Steel Ontario Building Code 2025: Racking changes explainedPrepare for Ontario Building Code updates in 2025 impacting industrial racking. Learn about seismic compliance, new safety standards, and permit requirements. Stay ahead with expert guidance to ensure compliance, safety, and operational efficiency under the latest regulations. Sponsored by: North American Steel |
Feds launch Indigenous loan guarantee program
The newly launched Canada Indigenous Loan Guarantee Corporation provides qualifying recipients with backing to acquire equity stakes in energy or other resource-related ventures. It will convey loan guarantees of $20 million to $1 billion.
Towers plus production space proposed in TO's Port Lands
Tepfam Holdings proposes a mixed-use redevelopment with a pair of 40- and 45-storey towers rising from a shared podium for the Port Lands area. The submission includes residential, retail and creative production spaces.
B.C. developer Thind Properties hit with strata lawsuit
The strata corporation for a distressed Thind Properties Ltd. project has entered the fold, just as the embattled developer’s project and another one were put into receivership by a B.C. Supreme Court judge.
Richmond nears opening developer-funded transit station
OPINION - The construction of the Capstan station cost around $62M, TransLink said, with $30 million covered by the transit authority and $32.2M raised by the City of Richmond from developers with projects in the Capstan Village area.
Vancouver council votes to demolish dilapidated hotel
A building declared dangerous by Vancouver’s chief building official will be demolished within three weeks. Vancouver council unanimously supported a recommendation that the 167-unit Dunsmuir Hotel be declared dangerous and taken to the ground.
At the heart of Metro's supply chain transformation
Metro is heading into 2025 with renewed capacity to grow its business after reaching the final stage of its seven-year, nearly $1-billion supply chain transformation by adding new automation technology to its warehouses in Quebec and Ontario.
Mi'kmaw group's gaming venture purchases four casinos
Five Mi'kmaw communities in Nova Scotia have come together to enter the world of casino gaming after successfully acquiring four casinos in Alberta. The communities – Millbrook, Paqtnkek, We'koqoma'q, Glooscap and Annapolis Valley — purchased Pure Canadian Gaming.
Strategic Storage Growth Trust expands portfolio in Alberta
Strategic Storage Growth Trust III, a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, has announced the acquisition of a self-storage facility in Edmonton. The class-A property spans approximately 65,200 rentable sq. ft.
Hamilton’s flour power rises with $125M mill expansion
Construction is well underway for a new flour mill on the Hamilton Harbour, ushering in further growth of the city’s burgeoning agrifood industry. Earlier this year, grain-handling giant Parrish and Heimbecker announced that it would be expanding its Steeltown operation.
Companies that spent billions on M&A are now selling for peanuts
Companies that spent billions on poorly timed acquisitions are now offloading at knockdown prices. Alibaba Group Holding announced it’s selling Chinese department-store Intime for US$1B, about 30 per cent of the valuation when Alibaba bought it in 2017.
AT&T, Sweetgreen demand more days in office, joining Amazon
New Year’s Day is the new line in the sand in the ongoing return-to-office battle. AT&T Inc. and Sweetgreen Inc. have both told non-frontline staff to get back to their desks more often come January.
Retail REITs say strong holiday shopping season bodes well for 2025
This year was one of the shortest holiday shopping seasons in memory, with only 27 days between U.S. Thanksgiving and Christmas, but the National Retail Federation is forecasting up to US$989 billion in spending — up 3.5 per cent.
Blackstone buys Ritz-Carlton Okinawa as Japan tourism booms
Blackstone Inc. has bought a Ritz-Carlton resort in Okinawa and is purchasing another hotel on the Japanese island in a deal worth about US$130 million, according to people with knowledge of the matter.
Industry Events
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Canada Real Estate Auctions
Jan 01 2025
to Dec 31 2025
Canada
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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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