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Wesgroup pushes ahead with Inlet District in Port Moody
Wesgroup pushes ahead with Inlet District in Port Moody
Chances are that if the SkyTrain's Evergreen Line expansion through Port Moody to Coquitlam hadn't been build in 2016, Wesgroup's huge Inlet District master plan would never have been proposed. However, today that plan calls for up to nine towers.
Dream to sell Arapahoe Basin ski resort, expects $110M profit
Dream Unlimited Corp. (DRM-T) has announced the pending sale of one of its longest-held and most iconic U.S. holdings, the Arapahoe Basin ski resort in Colorado, to U.S.-based resort operator Alterra Mountain Company.
Banks’ loans to developers not as risky as feared
OPINION: Despite fears of a meltdown, analysts are now saying in all but the worst-case scenarios, big banks’ commercial real estate lending will be manageable, and far lower than what’s currently forecast.
Opportunities may lurk in office REIT sector
It’s poised to be another challenging year for office REITS, but some money managers, including Michael McNabb, portfolio manager at Purpose Investments Inc., say there could be decent entry points in the sector for long-term investors.
Big O's roof renovation will cost $870M
The Legault government on Monday confirmed its plan to renovate the roof of Montreal’s Olympic Stadium will move ahead at a cost to Quebec taxpayers $870 million, $120 million more than estimated.
St-Hubert airport terminal receives $90M CIB loan
St-Hubert airport’s planned expansion is a step closer to reality after the Canada Infrastructure Bank approved a $90-million investment in a new passenger terminal. Toronto-based Porter Aviation Holdings and Australia’s Macquarie Asset Management will jointly build the terminal.
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CMLC lays out work schedule for Calgary's major projects
In an update on Monday, the Calgary Municipal Land Corporation (CMLC) announced details of the developments it would be overseeing this year, including a number of mixed-use residential projects and the grand opening of the BMO Centre expansion.
Cdn. scientist helping to shape the future of carbon removal
As chief carbon scientist at Deep Sky, a Montreal-based carbon capture company, Phil De Luna is committed to taking the technology to the next level. Because without it, he doesn't believe the world has a hope of mitigating climate change.
Valuations of old Vancouver buildings skyrockets
While the land under Kerrisdale Cameras in Vancouver's Kerrisdale Village neighbourhood has decreased in value in recent years, the value of its 96-year-old building has just seen a 539 per cent year-over-year increase - from $155,000 to $991,000.
Prairie protein sector facing serious challenges
Roquette’s $600-million plant-based proteins processing facility, which opened in 2021, has stabilized pea farming in Manitoba, but the industry bears several challenges while anticipating increased demand, according to new reports.
Potential graves postpones work on Mtl. distribution centre
The possible presence of graves in an old cemetery on a portion of the current Société des alcools du Québec (SAQ) lands in Montreal has paused work on the $300-million expansion of the distribution centre.
Three industrial buildings proposed in Kelowna
An unidentified developer has proposed three multi-tenant industrial buildings for a parcel of land near Reid’s Corner in Kelowna. The average unit size is approximately 1,900 square feet and the project has the potential for as many as 26 units.
Arcadis IBI unveils proposed Innisfil Orbit GO station
Arcadis IBI Group has released new Innisfil GO images of the proposed station, an infill station on the Barrie GO line south of Barrie that is intended to serve as the anchor of the new Orbit community.
New planning rule slowing Ont. housing construction
The Ontario government’s Bill 109, the More Homes for Everyone Act, has actually made the approval process more expensive and slower, according to building industry sources including Jordan Grant, president of real estate developer Seaton Group.
Feds announce new funding to tackle rental affordability
The federal government has announced $99 million in new funding to tackle rent affordability. The "top-up" to the Canada Housing Benefit will support low-income renters by "delivering rent support payments directly to Canadians," a media release explained.
Brookfield seeks US$15B for office bet
As downtown skyscrapers sit empty in the aftermath of the pandemic, Brookfield is trying to raise $15 billion for a new fund to capitalize on an expected wave of value deals in the office sector.
WeWork explores bankruptcy loan options
WeWork may be forced to take on a new bankruptcy loan to make up for slower-than-expected progress on rent negotiations, an attorney for the shared office space provider said Monday.
Related’s $8B project swaps 4 MSF of office for industrial
Related Cos. is seeking to change Related Santa Clara, its $8-billion, 9.2-million-square-foot Silicon Valley megaproject, swapping out most of the office space for up to 1.6 million square feet of light industrial and advanced manufacturing space.
Stockbridge JV sells 1 MSF outdoor storage portfolio
A joint venture between Stockbridge Capital Group and Dedeaux Properties has sold a one-million-square-foot portfolio of Class A industrial outdoor storage properties located around Southern California’s cities of San Bernardino and Rialto, in the Inland Empire.
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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