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Dream Summit industrial venture acquires Foothills North portfolio

3 days ago

Dream Industrial acquires Foothills North portfolio

Dream Industrial has expanded its Calgary portfolio with the acquisition of a 618,000-square-foot multi-tenant complex in the Foothills Industrial Park, underscoring the company’s continued investment in one of Canada’s strongest-performing markets. 

Projects and problems in GTHA’s multifamily sector: Part II

As condo sales struggle, housing development has slowed and expanding inventories impact asking rents, NKPR brought experts from across the spectrum together to discuss projects and ways to kick-start activity in the GTHA. This is Part II of the article.

Van. office landlords turn to show suites to stay competitive

Vancouver landlords still recovering from the effects of the pandemic are trying to lower vacancy rates by shifting their leasing strategies to provide already-outfitted, move-in-ready show suites rather than shell spaces that tenants build out.

Combining units is no easy fix for record condo inventory

Developers may be sitting on a record amount of inventory in Toronto, but experts say combining units to offer larger floor plans is not feasible as a way to start moving the stock they have.

London's office vacancy rate remains stubbornly high

As more companies bring workers back to the office, some city centres across Canada are seeing office space fill up again. That hasn’t been the case in downtown London, which continues to grapple with record-high office vacancy rates.

MIC halts investor redemptions in residential fund

Mortgage Company of Canada has temporarily halted redemptions for its residential lending fund as homeowners struggle to make their monthly loan payments amid the country’s housing downturn. The rise in mortgage delinquencies means lenders are increasingly using power of sale.

Brampton rejects two large housing projects

Two development applications that would have brought over 300 new homes to Brampton were rejected after residents called for the plans to be scrapped. Locals were cornered the development would put strain on infrastructure, along with traffic and safety concerns.

New rental rating program launches in June in Toronto

Starting next month, apartment buildings and rental properties in Toronto will be required to display a sign indicating the property’s maintenance standards and quality of living. Part of the RentSafeTO program, the colour-coded signs will go up starting June 15.

Brightwood rental community underway in Waterloo

The federal government has committed over $52M to support the construction of Brightwood, a six‑storey rental community now underway at 150 Wissler Rd. in Waterloo. Brightwood is being developed by Killam Apartment REIT (KMP-UN-T).

32 Raglan resubmitted as 35-storey seniors tower

Madison Group is repositioning a previously approved mixed-use residential tower at 32 Raglan Ave. in Toronto’s Cedarvale neighbourhood into a seniors-focused development, now partnered with VERVE Senior Living. The proposal applies to a 12-property assembly.

Two condo proposals scrapped for 36-storey student res.

A redevelopment proposal is dramatically changing plans for 208 and 210 Bloor St. W., where plans for previously approved side-by-side condominium towers have been scrapped, for a single 36-storey privately run student residence from Resident and Tribute Communities

How Saint John became Canada’s fastest-growing port

Thanks to a recently completed $247-million modernization effort and a splash of good fortune courtesy of American tariff policy, Saint John is ready to rise again. For Saint John, American tariffs are a good news/bad news story. 

Shoot 360 opening largest Canadian facility in Oakville

Canada has become an increasingly important growth market for technology-driven sports training concepts, and U.S.-based basketball company Shoot 360 is continuing its expansion with the opening of its largest Canadian facility to date in Oakville.

Lululemon launches new store design concept

Lululemon has officially opened its gigantic flagship in Montreal. Spanning two levels and 11,600 sq. ft., the new space significantly expands Lululemon’s presence in the city and reflects the brand’s broader shift toward larger, experience-driven retail environments across North America.

A new kind of Maxi will open in Jonquière

A Maxi 3.0 will open next year in Jonquière, in the Arvida sector, thanks to an $8M investment. The developers want to breathe new life into this area of ​​Arvida, which has been neglected for several years. 

Meta goes big on the bayou with $200B investment

Mark Zuckerberg’s desire to build the world’s biggest AI facility has entangled his company deeply in Louisiana’s politics, culture and economy. The facility has a multibillion-dollar price tag and a footprint that could cover much of Manhattan.

Brookfield to secure $735M for industrial collection

Brookfield is on track to secure a US$735M financing package for a 25.3M-sq.-ft., 65-property industrial collection, according to a Morningstar report. The collateral entered Brookfield’s portfolio earlier this year, with the purchase of Peakstone Realty Trust. 

NYC unveils reforms to slash housing development timelines

In an effort to tackle the housing crisis, the Mamdani administration released a set of recommendations that would overhaul every part of the development process and could cut years off of schedules. 

London office leasing rebounds on demand fuelled by finance

London, England office leasing bounced back from Covid-era lows, with tenant floor-space expansions reaching a six-year high on rising demand from finance and professional services firms, according to broker Cushman & Wakefield.

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