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Elysium sees 'golden age of development' looming in GTA

1 week ago

Elysium sees 'golden age of development' looming in GTA

Elysium Investments has submitted applications for two new large-scale purpose-built rental apartment projects in Toronto, where its chief executive officer Sayf Hassan believes we’re entering a new “golden age of development."

JLL Canada at 25: A discussion with CEO Alan MacKenzie

As JLL Canada celebrates 25 years of operations, we talk with CEO Alan MacKenzie about the company's past, the key areas where it sees growth today, and he looks ahead to where several key CRE sectors might be headed. 

Toronto rises as a global contender in supertall development

Toronto is poised to become a global leader for supertall tower developments as the city looks to build up, to increase housing supply and density. There are currently nine supertall towers in development in Toronto, with another six proposed.

$83M office-to-housing conversion announced in Calgary

The federal government, City of Calgary and partners have committed more than $83M to convert a downtown office tower into over 200 rentals. The 800 Six West project will transform an existing commercial building at 800 6th Avenue S.W.

Upfield Capital acquires Vancouver heritage office building

Upfield Capital, a Vancouver-based real estate investment and asset management firm, has acquired a 23,000-square-foot heritage office and retail building at 342 Water St. in Gastown. The property was acquired from Allied Properties REIT (AP-UN-T) for $10.7M.

Debunking coworking myths: What brokers need to know

From commissions to client stability, brokers have more reasons than ever to put coworking space on the table.

Sponsored by: iQ Offices

Canada in the running for new multinational defence bank HQ

Canada is in the running to headquarter a new multinational bank dedicated specifically to financing defence projects. If the Defence, Security and Resilience Bank were headquartered in Canada, it would bring about 3,500 jobs in defence finance to the country.

Worry over increased secrecy at TDSB’s real estate arm

The provincial government has ordered the Toronto Lands Corporation (TLC), the Toronto District School Board’s (TDSB) real estate arm, to make changes that have reduced the public’s visibility into how the organization is managing its billions in assets. 

Building permits fall 5.4% in Q3

Building permits rose 4.5 per cent in September as both housing and commercial projects picked up, but overall construction intentions continued to cool through Q3. Despite September’s improvement, total permit values fell 5.4 per cent in Q3 to $34.6B.

The Indigenous Hub rises as a cultural landmark

The Indigenous Hub is taking shape in Toronto’s Canary District. The 40,000-square-foot mixed-use development will soon span an entire downtown block, encompassing a community health centre and two adjoining midrise residential towers.

Real estate podcasts

John Worth, Nareit: The $1.4T shift, inside the REIT revolution, CRE Podcast
Budget 2025's impact on housing, immigration & jobs, Canadian RE Investor
Pricing falling, budget fallout, land claim shock, Vancouver Life RE Podcast

Are Edmonton developers racing to build student housing?

Edmonton’s downtown is poised for a potential mini housing boom — at least on paper. The city’s first downtown student housing incentive promises roughly 500 new student units near NorQuest College, MacEwan University and other central campuses. 

RFA’s Artis REIT acquisition moves a step closer

Nearly 40 per cent of Artis REIT's unitholders have already committed to support its proposed merger with RFA Capital Holdings Inc., a strong indication on the outcome of the December 11 meeting on the transaction that would create RFA Financial Inc.

Sonder sued over 'chaos' caused by collapse

When hospitality firm Sonder abruptly closed on Monday what followed was nothing short of “chaos,” with guests refusing to leave and building owners scrambling to secure their properties, according to a lawsuit filed Wednesday by two of Sonder's NYC landlords.

ACS, BlackRock to seal $27B data centre deal, report says

Spain's ACS is close to striking a US$26.8-billion partnership with BlackRock's Global Infrastructure Partners to develop data centres, newspaper Expansion reported on Thursday, citing unnamed market sources.

Morgan Stanley, GSA buy $1B student housing portfolio

Morgan Stanley Investment Management and Global Student Accommodation have teamed up to purchase eight U.S. student housing assets across seven states for a combined US$1B, one of the largest deals in the student housing sector in recent years.

New York City set to see rise in 99-unit apartment towers

New York City is getting a surge of new residential buildings with exactly 99 units. Driven in part by the unintended consequence of a new tax program, developers filed 21 applications for buildings with 99 units in Q3.

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