Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Seeker Labs’ Catalyst life sciences facility secures anchor tenant

2 days ago

Seeker Labs secures anchor tenant for Catalyst

BlueRock Therapeutics has become the anchor tenant in Seeker Labs’ new Catalyst building, a purpose-built life sciences facility at 77 Wade Ave. in Toronto's Junction neighbourhood.

Waterfront Toronto launches RFQ for Ookwemin Minising

A request for qualifications (RFQ) was issued yesterday for a Port Lands waterfront community project in Toronto – Ookwemin Minising – expected to deliver up to 14,000 new homes.

Edmonton's most expensive condos break ground

In a city with a glut of condo inventory, one Edmonton developer is wagering there is a gap in the hyper-luxury end of the market as it begins construction on condos that range from $2.7M to $9.5M.

First Nation challenging $70B Wonder Valley AI data centre

Arguments were heard in an Edmonton courtroom months after Sturgeon Lake Cree Nation applied for a judicial review to challenge Alberta's granting of a Water Act licence in connection with the proposed $70-billion Wonder Valley AI data centre.

MMI Group eyes 400-acre industrial site in Winnipeg

MMI Group is aiming to create a 400-acre industrial park in CentrePort Canada, a large logistics and industrial hub in Winnipeg. The project, called Sturgeon Business Park, will cost between $60 million and $100 million.

PROREIT completes $107.3M in equity financing

PROREIT (PRV-UN-T) has closed a previously announced public offering. The REIT issued 12,822,500 units at $6.50 for roughly $83.3M. A further $24M was raised through a private placement with Collingwood Investments and Parkit Enterprises. 

Siemens unveils Drummondville manufacturing facility

Siemens Canada has opened a second Drummondville location. The $14M expansion added over 40,000 square feet of new production space, expanded logistics capabilities, and the deployment of digital design-to-manufacturing technologies that enhance productivity, quality and customer lead times.

HST rebate a 'little push' for sales of Madison's Wild Indigo

A 130-acre plot of land in Breslau, Ont. that was held by the owners of Madison Group for years is having the first phase of a long-term project built on the site.

London votes against 8-storey apartment plan

In a rare move, London's politicians, with council’s planning committee, unanimously endorsed denying a controversial apartment proposal. Londoners packed the council chambers Tuesday for the meeting, prompting an overflow room to be prepared.

4-tower proposed for Wilshire Plaza in Vaughan

Newly submitted plans in Vaughan call for a four-building mixed-use community rising to 35 storeys at 8000 Bathurst St. Designed by Kirkor Architects and Planners for Baif Developments, the proposal would replace an existing commercial plaza.

Quebec developers are building smaller units: CMHC

Do you find that new homes on the market are smaller than before? You're right: developers are building fewer and fewer large apartments, confirms data compiled by an analyst at the Canada Mortgage and Housing Corporation.

Nesto secures big-name investors in $300M funding round

La Caisse de dépôt et placement du Québec and Fidelity Investments Canada are backing a $300-million funding round by financial technology company Nesto Inc., which is aiming to drastically reduce its mortgage underwriting time using artificial intelligence.

New Westminster orders landlords to beat the heat

New Westminster, B.C. is now requiring landlords and property owners to keep rentals from reaching dangerous temperatures. On June 8, city council officially passed an amendment that requires at least one room stay at or below 26°C overnight.

How Canada can nation-build responsibly, cleanly: TOCW

Prime Minister Mark Carney has made ambitious energy and infrastructure projects a cornerstone of his nation-building agenda. Panels at Toronto Climate Week (TOCW) laid out how this can be achieved with Indigenous interests, nature and decarbonization in mind.

Frasers makes $2.3B offer to buy rest of Hugo Boss

Frasers Group Plc offered to buy the rest of Hugo Boss AG for about US$2.3 billion as billionaire Mike Ashley seeks to add another fashion brand to his growing collection.

Industry Events