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Partners see Mtl.'s Hemisphere as 'generational asset'
Partners see Mtl.'s Hemisphere as 'generational asset'
George Vouloumanos hopes when people walk by his 334-unit Hemisphere purpose-built rental project in Montreal’s West Island, they’ll say “Those guys did it right.” His company Apollo Microwaves is partnered with Kodem to develop the site.
 | The People Space EDGAR, Inovalis, Mattamy, Ontario Teachers' announce exec moves...Don WilcoxManaging Editor, RENX |
Calgary pauses conversions after funds run out
Calgary’s office-to-residential conversion program is hitting pause as the city expects to hit its $153-million ceiling for available funding, a sign of the plan’s “tremendous uptake,” according to officials. Calgary has 13 projects approved and four under review.
Toronto dominates new North American crane index
Toronto remains dominant in the latest biannual Rider Levett Bucknall (RLB) Crane Index, which tracks the number of construction cranes in 14 North American cities where RLB does business. Toronto’s 240 cranes far outdistance second-place Seattle, which has 45.
Megaprojects to spur steady growth, Ontario trades told
Delegates attending the recent Ontario Building Trades Council annual convention heard repeatedly that even with a tepid economic forecast in the near future, ICI is poised to roar ahead in the province.
 | FCT Commercial title insurance: how are you managing risk?Every transaction comes with unknowns, and those unknowns can come with price tags. Title insurance protects you and your portfolio from the hard-to-anticipate risks present on every property. Sponsored by: FCT |
Boeing looks to increase Ottawa office footprint
While many local businesses are downsizing their offices as employees spend more time working from home, Boeing Canada says it expects to expand its downtown Ottawa footprint from its current 8,000-square-foot space in the World Exchange Plaza.
Low-rise is a sweet spot for these office buildings
A newly opened retail and office building on Toronto’s Ossington Avenue fits in well with the century-old brick buildings in a neighbourhood that has attracted some of the city’s trendiest restaurants, boutiques and small businesses.
Expo ’86 developer: Upzone everything in Van.
Stanley Kwok, 96, the key figure in developing Vancouver's former Expo ’86 lands into a swath of high-rises, parks and a seawall would like to see all of Metro Vancouver upzoned, so it could potentially become a metropolis of towers.
SFU eyeing building student housing in Surrey
“We are very interested in looking to build student housing in Surrey. I think we all recognize the pressures that are evolving in the housing market. I think there’s a wonderful opportunity,” says Joy Johnston, president and vice-chancellor of SFU.
Lands sought for new joint hospital in K-W
Grand River Hospital and St. Mary’s General Hospital are asking interested property owners to submit lands for consideration for a future joint hospital in Kitchener-Waterloo.
Keltic sued over alleged $24M Richmond office deal
Yi Teng Investment Inc., which allegedly bought 40,000 square feet of office space near Richmond Centre for $24 million, is suing Keltic (Brighouse) Development Ltd., in B.C. Supreme Court alleging the developer backed out of the sale.
Germain opens 19th Canadian hotel in Calgary
Canadian hotelier Germain Hotels announced the official opening of its 19th property in Canada: Alt Hotel Calgary University District, marking its first inauguration since 2019. It also announced the Alt Hotel Ottawa Airport will start construction in several weeks.
PIMCO surrenders 20-hotel portfolio
Newport Beach, Calif.-based asset manager PIMCO has reportedly walked away from 20 hotels it owns, the latest example of an institutional player giving up on underperforming properties amid a challenging financing environment.
Netflix to open stores where fans can play, shop and eat
Netflix Inc. plans to open new destinations where fans can immerse themselves in the worlds of their favorite TV shows, shop for clothing, eat themed food and maybe even try a Squid Game obstacle course.
Dream Industrial, Granite, SmartCentres top REITs to buy
Dream Industrial REIT (DIR-UN-T) has been turning heads with a yield of 5.51%. Granite REIT (GRT-UN-T) is another industrial player that deserves investors’ attention. SmartCentres REIT (SRU-UN-T) specializes in open-air shopping centres with a portfolio of over 160 properties
U.S. banks report continued pain on CRE loans
Morgan Stanley noted it set aside $134 million for credit losses in Q3. Similar to the $161 million it set aside in Q2, the bank noted this was due to "deteriorating conditions in the commercial real estate sector."
Lincoln Property breaks ground on $515M megaproject
Lincoln Property Co.’s Southwest arm, LPC Desert West, has commenced construction on Luke Field, a $515-million class-A industrial project totaling 2.4 million square feet in Glendale, Ariz.
JLL: Tenant demand points to office stabilization
The U.S. office market has faced volatility since the pandemic, but a new JLL report predicts stabilization is right around the corner due to an uptick of return-to-office mandates, growing tenant requirements, declining sublease additions and shrinking high-end availability.
Starboard pushes for News Corp. real estate spinoff
Activist investor Starboard Value LP, which has built a position in News Corp., wants the Murdoch-family controlled media giant to separate its Australian real estate business, claiming it is “significantly undervalued.”
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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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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