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Chestnut Hill has big development plans in Toronto's Glencairn

2 weeks ago

Chestnut Hill has big plans in Toronto's Glencairn

Chestnut Hill Developments started building infill lowrise homes in Toronto 44 years ago, a year before a housing market crash. It survived that downturn, and continues to forge ahead today despite challenges for many firms in the condo sector.

What office tenants want - and how landlords are delivering

The office sector is still adjusting to lingering fallout from the pandemic and the effects of hybrid work policies, but savvy businesses should already be looking ahead to the next major wave of change.

Canada’s top-10 paid CEOs took home a combined $314M

The Canadian Centre for Policy Alternatives report, Company Men: CEO Pay in Canada, 2023, shows the top-100 CEOs earned 210 times more than the average worker that year. Here’s a list of who got what.

Millions at stake in tax battle over debt-ridden projects in B.C.

The province of B.C. claims buyers of massive debt-ridden real estate projects are trying to dodge millions in property transfer taxes through a unique financial mechanism supposedly designed only for "exceptional circumstances."

eStruxture's $750M plan for Alberta data centre

Data centre provider eStruxture Data Centers will develop its largest facility in Alberta, a province that wants to be a critical hub for this type of infrastructure. It expects to power up the $750M, 90-megawatts operation in 2026.

Bit Digital expands footprint with $33M facility in Montreal

Bit Digital (BTBT-Q) announced it has acquired real estate and a building in Montreal for a 5MW, Tier-3 data centre expansion project. The acquisition, valued at $33.5 million, was finalized on Dec. 27.

Saskatchewan’s potential for self-storage and childcare

Alternative assets are non-traditional commercial properties that are gaining significant interest from investors looking to diversify from the typical office, industrial, retail and multifamily sectors.

Sponsored by: Colliers Canada Brokerage

Kevin O'Leary wants to revive Canada, starting in Alberta

Mr. Wonderful gets a lot of air-time on Shark Tank. But it’s Kevin O’Leary, the clear-eyed dealmaker who I need to meet, to explain why he’s backing a $70B AI data centre industrial park near Grande Prairie.

Alberta looks to grow tourism with all-season resorts

As the province implements its new all-season resort policy, tourism minister Joseph Schow says 10 tourism development zones have been identified, which are located near airports or have infrastructure to support access. 

City of Burnaby suing Thind over failed payments

The City of Burnaby is the latest entity to have filed a civil suit against embattled Burnaby-based real estate developer Thind Properties, as creditors left and right continue to take action to secure their claims.

Van.'s chief planner hopes to balance trade-offs as city grows

Before taking on his current role, Josh White served as the director of city and regional planning for Calgary. White says the development landscape has changed in past 10 years and systems need to be modernized in response.

Over 115 housing projects started in Metro Van. area in 2024

Over the course of 2024, over 115 strata market residential projects were launched into pre-sales across Metro Vancouver and the Fraser Valley. According to MLA Canada, this represents a combined total of over 11,500 units entering pre-sale.

CRE outlook rides forward with industrial strength

A corner has been turned in commercial real estate, setting the stage for a return of investor confidence. And the resurgence could have industrial strength, says Cory Wright, managing director, B.C., with William Wright Commercial in Vancouver.

Rogers Sugar pins hopes on $300M expansion in Montreal

The chief executive officer of Rogers Sugar Inc., Mike Walton is overseeing a $300-million expansion project that he bets will bolster its Lantic subsidiary and reawaken Canadians’ interest in one of the country’s bedrock industries.

Scaled-back hotel, condo complex given the go-ahead

Town of Lincoln councillors have approved an almost $500-million waterfront hotel and condominium complex in the centre of the Bench wine region. Spearheaded by Toronto-based multidisciplinary city-building company Globizen Developments, the complex will be located near Vineland Station.

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Miami waterfront site sells for $520M in record land deal

A waterfront site in Miami’s financial district is to be sold for more than US$500 million, the largest land transaction ever in the Florida city. Apartment Investment & Management agreed to sell two Brickell Bay Drive sites.

56 CRE heavyweights spill their secrets for 2025 success

You could say CRE has always been defined by three things: innovation, perseverance and optimism. That last one might draw a knowing chuckle — especially as we look back on 2024 and the tumultuous years since the pandemic. 

Silicon Valley no longer considered a top data centre market

Big Tech’s heartland was once firmly entrenched as one of the world’s most critical data centre markets. Now, it's barely an afterthought for the developers and tech giants driving the artificial intelligence data centre building boom.

Soccer star Lionel Messi lists his real estate portfolio

Soccer's Lionel Messi has carried out an IPO of his US$232 portfolio in real estate investment trust Edificio Rostower Socimi, on a small Spanish exchange. The REIT holds seven hotels, shops and office space, as well as houses.

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