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Will slower market sap industrial intensification in Metro Van?
Will slower market sap industrial intensification in Metro Van?
Strong demand, a shortage of supply and expanding prices have been such consistent elements of Metro Vancouver’s industrial property market that it felt like a permanent condition. It’s not anymore.
Altus to sell property tax service to Ryan, LLC for $700M
UPDATED WITH QUOTES, DETAILS: Altus Group (AIF-T) is selling its property tax business to international tax services and software provider Ryan, LLC for $700M as the firm continues transforming into a pure-play CRE software, data and analytics platform.
Alignvest acquires Montreal student housing asset
Alignvest Student Housing has completed purchase of a purpose-built student accommodation property located in Montreal. The property, known as “The Link”, is a newly constructed, 18-storey building located steps away from Concordia University and walking distance to McGill University.
What if we say no? Burnaby defies B.C.'s TOD housing laws
In its latest protest against B.C.’s new housing legislation, Burnaby has delayed the bylaw required by the province to allow taller buildings near SkyTrain stations. Mayor Mike Hurley tabled the bylaw for a minimum of 90 days.
Office space per worker could shrink by 40% in Burnaby
The need for workspace and “employment land” is growing, but employees might have to make do with less room. New projections show the amount of square footage per worker in Burnaby is expected to decrease by 14-40 per cent.
Edmonton's office market steady with flight to quality
In commercial real estate company CBRE’s recent quarterly report, the data indicates a second straight quarter of Edmonton’s downtown office vacancy rate remaining stable. The national vacancy rate was reported by CBRE to have held at 18.5 per cent.
 | Colliers Canada Brokerage The opportunity in Calgary’s suburban & beltline office marketsWe are seeing a reduction in office footprints as organizations implement new workplace strategies. Yet in the aftermath of the pandemic, Calgary’s Suburban office market has boasted a strong return. Sponsored by: Colliers Canada Brokerage |
Independent trustees, administrator exit Lanesborough REIT
Troubled Lanesborough Real Estate Investment Trust (LRT-UN-V) is down to one trustee following the resignations of Charles K. Loewen and Earl S. Coleman. Winnipeg-based LREIT also announced administrator Shelter Canadian Properties will no longer provide most of its services.
Massive West District development attracts quality retailers
A walk along Broadcast Avenue is a real eye-opener as to the enormity of the West District development. Beginning at 85th Street S.W., the stroll is along eight planned blocks of retail, a showpiece within a 95-acre planned community.
Mississauga industrial development sites await sales approval
It’s been just over a month since a cluster of sites in Mississauga were hit with a receivership order from the Ontario courts. The site owners were some $60M over-budget and owing more than $363M at the time.
 | The Industrial Real Estate Show Mid-year U.S. industrial market updateChad GriffithsPartner, NAI Commercial |
Burnaby hospital nears $1.7B Phase 2 of redevelopment
Phase 2 of the Burnaby Hospital redevelopment project is closer to starting after the province announced the preferred proponent team has been hired. A multi-party contract, also known as a single target outturn cost alliance development agreement, was unveiled Monday.
3 Ashcroft Homes properties placed under receivership
Three Ashcroft Homes properties totalling 600 residential units and 38,000 sq. ft of retail space were placed under receivership after management struggled to lease out approximately 40 per cent of the retail space across the three buildings.
39-storey building proposed for Vancouver SkyTrain station
If approved and built, this new high-rise mixed-use rental housing tower would become the tallest building at SkyTrain Joyce-Collingwood Station in Vancouver. The development site is on Joyce St. about half a city block north of the transit hub.
Will unlocking public land help affordable housing?
In a landmark move outlined in its 2024 federal budget, the Canadian government plans to lease public lands to developers in order to slash capital costs and expedite construction nationwide. The measure would be a leap toward broader housing accessibility.
Fredericton council agrees to sell historic building for $1K
Fredericton city councillors have agreed to sell a historically significant building valued at almost half a million dollars to a private developer for $1,000, under the condition the company restores it and puts it up for rent.
CyrusOne inks $7.9 billion credit line in AI data-centre push
CyrusOne secured a $7.9B US line of credit as it races to build data centres to meet demand from the AI boom. It’s the second sustainability-linked deal in three months for the KKR & Co. and Global Infrastructure Partners-backed company.
Sunrise Senior Living adds 13 senior living communities
Sunrise Senior Living, which operates over 240 communities in the United States and Canada, has added 13 senior living communities to its growing North American portfolio. Additional strategic community additions are expected to be announced throughout 2024.
Flex office giant bets big on oft-unnoticed asset class
It’s not hard to see why managed office space has flown under the radar, even as the flexible office sector has grown and captured headlines in the past decade. You’re not supposed to notice it.
Why the UK’s richest plumber regrets selling out to KKR
Charlie Mullins’ father worked in a toy-car factory. His mother cleaned homes. Today, Mullins has a £10 million London penthouse overlooking the Thames. “Tom Jones lives there, if you can believe it,” he says, of the flat above him.
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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