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Toronto-based Greybrook eyes U.S. multifamily expansion

1 week ago

Toronto-based Greybrook eyes U.S. multifamily expansion

Toronto-based Greybrook is turning its focus to the U.S. multifamily market with a new fund seeking to capitalize on deeper liquidity south of the border.

Major executive shakeup for Clarke Inc., Ravelin REIT

Halifax-based real estate firm Clarke Inc. (CKI-T) recently made a number of senior leadership changes, as it works to integrate Ravelin Properties REIT.

Court rules CAPREIT overcharged Toronto tenants on rent

One of Canada’s largest landlords has lost its appeal against a group of Toronto tenants who said they were overcharged rent since 2023 to pay for upgrades to the building. 

Beedie breaks ground on 60-acre Surrey industrial park

Beedie has officially started construction on South Campbell Heights Business Park, a 60-acre industrial development in Surrey, BC. And it's a significant one — once complete, the park will deliver more than one million sq. ft of industrial space.

Quebec investors lose Château Montebello bid

Despite the hope raised by its sale, the Château Montebello will not become a Quebec property again, according to a consortium of investors, led by businessman Michael Andlauer (Bulldog Capital Partners), owner of the Ottawa Senators.

West Vancouver approves hotel for Horseshoe Bay site

A plan to redevelop one of Horseshoe Bay’s most iconic corners – including Troll’s Restaurant – into a five-storey boutique hotel with commercial shops on the ground floor has been approved by West Vancouver council.

Racking as a deal tool: How fixturing credits and OpEx financing are reshaping industrial leases

The newest incentive in industrial leasing isn't free rent. It's the steel inside the building. Learn why fixturing credits and OpEx financing are reshaping how landlords, brokers, and tenants structure their next deal.

Sponsored by: North American Steel

Hullmark proposes hotel, res. tower for Liberty Village

Liberty Village could see a new hotel and residential tower near King St. W. under a proposal from developer Hullmark for Toronto's Carpet Factory campus, which will include 263 residential units and 168 hotel suites.

Aging infrastructure restraining development in Canada

Construction executives, municipal engineers and developers say aging water and wastewater systems are emerging as one of the country’s biggest constraints on housing construction, leaving approved projects to possibly sit idle for years while improvements are made.

Plan to switch townhouses for condo tower draws local ire

Over 1,600 residents near Toronto's Southport St. have signed a petition opposing an application that would significantly expand a development approved in 2012. Developers have submitted an application adding a 32-storey condo in place of previous plans for townhouses.

Mimico application boosted to five towers up to 54 storeys

Minto Communities' revised proposal replaces threee previously planned condominium towers that ranged from 23 to 42 storeys with five purpose-built rental towers rising from 34 to 54 storeys, introducing the tallest buildings yet proposed in the area.

40-storey tower planned near future SkyTrain station

Could this be one of the first highrise tower projects for Surrey’s Fleetwood area? The City of Surrey is considering the redevelopment of a site located roughly one block east of SkyTrain’s future 152 Street Station.

Ontario mulls new retrofit financing option

A proposal to bring private lenders more directly into property-assessed clean energy (PACE) programs could open up a new financing option for energy and water efficiency upgrades in Ontario’s commercial and multifamily buildings.

Regina’s new Costco worth at least $25M

Two building permits from the City of Regina have put a fresh price-tag of at least $25.4 million on the new Costco being built in the city’s west side.

Brookfield eyes stake in $3.5B Manhattan office campus

Brookfield is in talks to take a 10 per cent stake in Hudson Square Properties, a 13-building office complex on the West Side of Manhattan. The deal would value the 6.2-million-square-foot campus at US$3.5B.

Meta ups investment to $50B for largest data centre project

Meta has expanded its already massive Hyperion data centre project in Richland Parish, La., boosting planned investment to more than US$50 billion from US$10 billion. The campus will deliver five gigawatts of computing capacity. 

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