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Major reno to breathe new life into Quebec City's historic Le 401

4 days ago

Major reno to breathe new life into Quebec City's Le 401

A group of investors is spending $52 million to give new life to a vacant, century-old castle-like building in old Quebec City. Le 401 will have 142 apartments, plus ground-floor commercial space when it’s delivered in spring 2027.

John McKinlay named Centurion CEO, leaves post at LaSalle

Longtime commercial real estate executive and leader John McKinlay has been named the new president and chief executive officer of Toronto-based Centurion. He is leaving his current post as CEO of LaSalle Investment Management Canada.

CPP Investments puts downtown Toronto HQ on the market

The Canadian Pension Plan Investment Board has put the sprawling office complex in downtown Toronto that it calls home on the market, in what will likely be one of the most notable commercial listings this year.

Dollarama buys Australia’s largest discount retailer for $233M

Dollarama Inc. (DOL-T) has struck a deal to buy Australian retailer The Reject Shop Ltd., piercing a second continent overseas as the Canadian discount chain builds out a formula that’s earned it legions of customers in its home market.

HBC landlords oppose lenders controlling restructuring

An agreement that would give Hudson’s Bay's senior lenders greater control over its restructuring is a “Trojan horse,” which compromises the retailer’s ability to save even part of the business, a lawyer for one of the Bay’s key landlords said.

Landowner compensation for constructive expropriation

When zoning laws make land unusable, is compensation owed? Discover how the Supreme Court of Canada’s decision in St. John’s (City) v Lynch clarifies constructive expropriation and what it means for property owners.

Sponsored by: Miller Thomson LLP

As sale prices dive, GTA's new condo inventory grows

Condominium developers in the Toronto area have seen an explosion in the number of unsold units in recently completed buildings, driven largely by people who are defaulting on purchase contracts.

Settlement offer bumps tower to 52 storeys near Danforth GO

A settlement offer outlines revised plans for a 52-storey mixed-use tower at 8 Dawes Rd. in Toronto’s East End-Danforth neighbourhood. Designed by Arcadis for Marlin Spring Developments, it is a significant height bump from the previously proposed 38 storeys.

Mississauga fee cuts draw interest in 13,000 housing units

A bold move by the City of Mississauga to reduce development charges has triggered a surge of interest from developers, with more than 13,000 new housing units now being considered, according to Mayor Carolyn Parrish.

City of Vancouver proposes huge residential project

The City of Vancouver has proposed a new residential development near Science World with 780 rental units. The city's Vancouver Housing Development Office has released plans for the development in two residential towers as part of a rezoning application.

April 1 public hearing for Port Moody's tallest towers

Vancouver-based PCI Developments is seeking to build two 39-storey rental towers on four lots along Spring Street, next to Moody Centre SkyTrain station. But first the company must secure amendments to the city’s zoning and official community plan bylaws.

Cogswell megaproject leading downtown Halifax's rebirth

Demolishing the Cogswell Interchange is the biggest city-building project in the history of Halifax. A new neighbourhood will soon be built, designed to connect downtown with the north end and waterfront, and house 7,000 to 10,000 people.

Montreal archdiocese launches real estate arm

As Montreal grapples with growing homelessness, the Catholic archdiocese in the city is forming a new real estate arm that it says will help ensure any redevelopment of church properties addresses “pressing community needs.”

What unpredictable trade war means for developers

A temporary pause on proposed U.S. tariffs may have eased short-term fears, but Canadian real estate developers and investors are still grappling with uncertainty as trade tensions continue to cloud the outlook.

Real estate podcasts

The bull case for Canada, Canadian Real Estate Investor
Michael Brooks, REALPAC: Tariffs to tech, the future of Canadian RE, CRE Podcast
Dennis Cisterna, Sentinel Net Lease: Reshaping CRE, VCREP

Related aims to raise up to $8 billion for AI data centres

New York property developer Related Cos., known for its work building Hudson Yards, is betting big on demand for data centres with a new business to invest in the infrastructure for artificial intelligence and hyperscale technology firms.

U.S. multifamily firms may be winners of the trade war

The most sweeping tariffs since U.S. President Donald Trump took the White House are set to go into force next week. It’s at least the third attempt at imposing the fees. 

Nomura in talks for offices at Manhattan’s Penn 2 tower

The U.S. unit of Tokyo-based Nomura Holdings Inc. is in talks for new offices on the west side of Manhattan, according to people familiar with the matter. Nomura is discussing a lease with Vornado Realty Trust.

And the trophy goes to ... trophy buildings

If there was going to be a winner in the slow recovery of the U.S. office market, the trophy would go to its namesake. Trophy buildings average 13 per cent vacancy compared to 17.9 per cent for class-A buildings.

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