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Allied, RioCan unveil major new office lease at The Well

3 days ago

Allied, RioCan unveil major new office lease at The Well

Downtown Toronto’s The Well is about to get a significant new tenant, with co-owners Allied Properties REIT (AP-UN-T) and RioCan REIT (REI-UN-T) announcing the lease of four additional floors in the multi-tower mixed-use downtown highrise complex.

Ravelin CEO optimistic as office leasing momentum builds

The optimism expressed by Ravelin Properties REIT (RPR-UN-T) chief executive officer Shant Poladian in an April conversation with RENX continued in an interview following the release of its Q3 financial and operational results.

Oxford fighting to keep 'downmarket' tenant out of Yorkdale

Oxford Properties is fighting a sublease transaction in court that it says “a competitor landlord,” RioCan, forced on it, requiring Oxford to accept clothing retailer Fairweather as a new tenant in the former Hudson’s Bay flagship space at Yorkdale.

One Bloor West sales agreements cancelled after court ruling

The purchase agreements for almost every condo that has been sold at troubled luxury development One Bloor West (formerly The One) will be cancelled, following a court ruling on Monday. 

Eyed for cold storage, B.C. site now up for court ordered sale

An almost 15-acre property that had received preliminary approval for an agricultural cold storage business remains vacant and is now up for a court ordered sale. The development site went up for sale last year for $45 million.

FRAMEWORK: Partnering to deliver affordable housing

Canada’s housing challenge needs proven solutions. VanMar’s FRAMEWORK system delivers what governments are asking for: fast, green, affordable housing built with Canadian materials and expertise.

Sponsored by: VanMar Constructors

Chartwell buys Calgary seniors residence for $53M

Chartwell (CSH-UN-T) has announced its acquisition of The Edward, a boutique retirement residence in Calgary for $53 million. The five-storey residence in the Marda Loop neighbourhood consists of 90 private suites with 86 per cent current occupancy.

Flash sale fails to save B.C. condo tower from financial woes

Despite the much-publicized “Condo Day” flash sale held earlier this year, the Belvedere project in Surrey by Square Nine Developments Inc. is now under creditor protection, according to B.C. Supreme Court filings.

Beedie clears final hurdle on Vancouver Chinatown condos

The city’s development permit board was unanimous Monday in approving a developer’s revised application to build a nine-storey 133-unit market condo building in the heart of Vancouver’s Chinatown.

Slate plan to build atop St. Clair office building slapped down

An ambitious plan to plop a tower on top of an existing office building has been slapped down by planners.  A new report recommends that Toronto City Council refuse the proposed 49-storey development.

Another AI-focused IT giant to set up shop in Calgary

An India-based information technology giant is setting up shop in downtown Calgary. On Tuesday, HCLTech announced the opening of an office in the Ampersand tower, a “client co-innovation and delivery centre” that will provide support to customers.  

Montreal-based MTY Group confirms it's exploring sale

MTY Food Group, which owns restaurant franchises including Bâton Rouge, Dagwoods, Thai Express, Casa Grecque and Jugo Juice, announced it has hired a financial adviser to review “potential strategic alternatives” that could include a partial or complete sale of the company.

H&R REIT seems intent on ignoring a proven game plan

OPINION: CEOs and boards that successfully fend off activist campaigns from hedge funds roll out the same game plan. These leaders follow a similar blueprint when navigating the investor disappointment that comes from a failed sales process at a public company. 

Plans to build US$1B explosives factory in Canada

A new Canadian company plans to build the country’s biggest explosives factory since the Second World War with the help of France’s state-controlled Eurenco, Europe’s top maker of military explosives and propellants.

Oxford, Related sell Hudson Yards Equinox Hotel for $541M

The developers of Hudson Yards have sold the only hotel in the US$25B megaproject. Tokyo-based real estate investment firm Mori Trust bought Floors 1 through 38 of 35 Hudson Yards, including the Equinox Hotel New York.

Four Seasons Private Residences Las Vegas secures $686M financing

Four Seasons Private Residences Las Vegas has secured US$686 million in construction financing from J.P. Morgan, Sculptor Real Estate and Morning Calm Management. This funding will support the development of 171 highrise residences in Henderson, Nev. 

Google launches $40B Texas data centre build-out

Google plans to invest tens of billions of dollars to grow its digital infrastructure footprint in Texas by building three new data centres in the state and expanding two other campuses.

Chicago Loop commercial property values drop 7.2% amid vacancies

Commercial property values in Chicago’s Loop, the city’s central district of skyscrapers, financial firms and offices that drives much of its economy, dropped by about 7.2 per cent last year amid lower sale prices and vacancies.

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