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'Very confident': Yonge City Square breaks ground in Toronto

1 week ago

'Very confident': Yonge City Square breaks ground in Toronto

The condominium market is still in a slump but The Gupta Group founder and chairman Steve Gupta is so optimistic about its prospects that he’s starting construction on a 697-unit, mixed-use project before reaching usually expected sales thresholds.

Jadco buys Galeries Laval shopping centre from Fonds FTQ

Jadco Group has spent $126 million to purchase Galeries Laval, a 591,000-square-foot shopping mall in the Greater Montreal city of Laval. It is the second-largest shopping centre transaction in the province during 2024.

15 companies named in proposed rent price-fixing lawsuit

A proposed class-action lawsuit alleges more than a dozen landlords and property managers have conspired to artificially inflate rents across Canada. The suit claims landlords and property managers did it by using software called YieldStar.

Toronto Star’s old Yonge St. office building to be demolished

A demolition permit for the historic Toronto Star building at 1 Yonge St. was accepted by the city on Dec. 4. Developers hope to build a megaproject that will include one of the tallest skyscrapers in Toronto on the site. 

CDPQ commits $353.8M to optimistic debt fund

Pension fund Caisse de Dépôt et Placement du Québec (CDPQ), has reportedly committed $353.8M to SL Green Realty's opportunistic debt vehicle. The fund will focus on distressed credit opportunities in New York’s office and retail real estate sectors

O'Leary proposes 'Wonder Valley' data centre park in Alberta

If you're doing something audacious, go big. Entrepreneur Kevin O’Leary is taking that message to heart with a bold proposal to develop what his company says would be the world’s largest AI data centre industrial park in northwest Alberta.

Cameron Stephens celebrates 20 years in business with $12 billion of loan origination and nearly $4 billion in assets under administration

Since 2004, Cameron Stephens has delivered $12 billion in committed loans, driven by precision, partnerships and integrity. With $4 billion in AUA, the firm continues to empower Canadian real estate growth.

Sponsored by: Cameron Stephens

Trillium Acquisition Corp. announces $32M private placement

Trillium Acquisition Corp., soon to be renamed Distinctive Quality Living, has announced a Finco-brokered private placement offering of up to $32 million in connection with the recently announced acquisition of three multifamily properties in Alberta.

Royal LePage forecasts strong housing market in 2025

Next year looks to be a great one for the home-building industry as buyers are expected to return and prices to rise according to a 2025 market forecast by Royal LePage.

52-storey proposal would convert Toronto office building

A 52-storey proposal in Toronto’s King-Spadina area would reuse the structure of a nine-storey office building as its base. Designed by WZMH Architects for Industrial Alliance Insurance and Financial Services, the submission includes rentals, retail and flexible, non-residential space.

Trio of towers proposed to replace plaza in Mississauga

A trio of towers designed by Onespace Unlimited are proposed to replace a commercial plaza on Fieldgate Drive north of Bloor Street in Mississauga, halfway between Dixie Road and the Toronto border at the Etobicoke Creek.

Ashcroft Homes given court-ordered protection from creditors

An Ottawa judge has approved an order that gives Ashcroft Homes protection from its lenders while the developer and property owner restructures its struggling business. The order allows time for Ashcroft to refinance the business or sell some assets.

Broadway Plan key to solving Van.'s hotel room shortage

OPINION - While the Broadway Plan strives for transit-oriented development with significant residential and commercial uses, it misses some crucial pieces, one of them being the expansion of our tourism infrastructure.

Hampton Inn by Hilton Winnipeg Downtown opens

With two more floors than it had five years ago, there’s a good chance there will be room in the inn this Christmas. The Hampton Inn by Hilton Winnipeg Downtown celebrated its grand opening Monday. 

New Walmart Supercentre is in the works for Edmonton

Walmart Canada plans to invest about $300M in Alberta to open three new Walmart Supercentres and modernize several additional stores over the next two years. The new Edmonton Southwest Walmart Supercentre will be about 140,000 sq. ft.

How to control spiralling public transport project costs

Well over a hundred billion dollars of major public transit projects are being planned or under construction across Canada. However, many of these projects are experiencing steeply escalating costs.

Blackstone’s DC ambitions educate a city on AI power strains

QTS, the data-centre developer that Blackstone (BX-N) bankrolls, is building 10 hulking bunkers over a stretch of land that’s more than 600 acres. They’ll hold thousands of computers for companies including Microsoft Corp.

Where Norges, Starwood and others say they plan to keep spending

As commercial real estate markets begin to transition into the next cycle, with prices bottoming and dealmaking climbing, the world's largest property investors are settling on which bets they plan to double down on and which may require cashing out.

U.S. set for a nationwide shuffle of corporate headquarters

The business of corporate relocation, also known as site selection, is poised for a busy 2025, analysts say. Corporate moves have been rippling across the U.S., with 137 moves in 2023 by Fortune 500 firms, according to research from CBRE.

Canary Wharf clinches vital $778M refinancing from Apollo

Funds managed by Apollo Global Management Inc. have agreed to provide a US$778 million loan to Canary Wharf Group, enabling the owner of most of the east London financial district to repay upcoming bond maturities.

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