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Toronto DC completes $1B Metro supply chain revamp

3 weeks ago

Toronto DC completes $1B Metro supply chain revamp

Grocer and retailer Metro Inc. (MRU-T) has inaugurated the final facility in its $1 billion supply chain modernization initiative, with its 567,000-square-foot automated Toronto fresh produce distribution centre now fully operational.

Immostar, First Nation JV to develop up to 600 apartments

Quebec City-based lmmostar and the Huron-Wendat have united to create what the two are calling a first-of-its-kind real estate partnership in Eastern Canada between a private developer and a First Nation.

$750M data centre to be built in Calgary area

Montreal-based eStruxture Data Centers, the largest data centre provider in the country, will announce today it’s building a new $750-million facility, located five kilometres north of Calgary in Rocky View County.

Quebec City to Toronto high-speed rail link to go ahead

The Canadian government will announce plans for a high-speed train linking Quebec City and Toronto in the coming weeks, Radio-Canada has learned. Proponents of the project hope the train will take passengers from Montreal to Toronto in three hours. 

An urban retrofit for the tech tribe in Vancouver

About 2,500 Amazon staff moved this year into The Post, a 1.1-million-square-foot complex on West Georgia Street in Vancouver designed by MCM Architects. Another 2,000 will join them in 2026. 

Seneca to shut Markham campus over student visa cuts

Seneca Polytechnic, Toronto's largest community college by enrollment status, is temporarily closing one of its major campuses and blaming the shift on the reduction in international students imposed by the federal government.

Navigating the ESG and energy management ecosystem

The real estate sector in Canada is at a pivotal moment. As ESG considerations take centre stage, what was once seen as a trend has evolved into a key driver of long-term asset value and investment potential.

Sponsored by: Yardi

TransLink pays $86.5M for 2 industrial properties in Surrey

Regional public transportation provider TransLink made a significant real estate purchase this summer, STOREYS has learned. TransLink acquired the two properties from Belkorp Properties for a total of $86.5 million. The two properties total just under 10 acres.

South End Village master plan in Surrey under foreclosure

The sprawling South End Village Master Plan project from Waterstock Properties is the latest, and one of the largest, development projects that has become the subject of foreclosure proceedings, according to court filings in British Columbia.

Stalled Hamilton project is frustrating for city

The proposed redevelopment of Jamesville in Hamilton’s North End, hinges on the outcome of Canadian National Railway’s appeal to the Ontario Land Tribunal. Revised plans for the site call for 600 residential units including a 20-storey, private market building.

Mid-rise proposal in Toronto would replace office building

A 12-storey, mixed-use mid-rise is proposed at the northeast corner of Mount Pleasant Road and Davisville Avenue in Toronto’s Mount Pleasant Village neighbourhood by the Muzzo Group. It would replace a five-storey office building from 1960.

Real estate podcasts

Gary Chance, Nantum AI: AI, data and sustainable RE, Tenant Experience Network
Mark Goodman, Goodman Comm.: Vancouver RE - A market in motion, CRE Podcast
Shelby Kostyshen, Wm. Wright Comm.: Okanagan’s best investment secret, VCREP

Global brands adding life to Vancouver’s West 4th Avenue

When it comes to Vancouver’s streetfront retail scene, West 4th Avenue stands out. It has become known for up-and-coming, smaller retailers — often those that are higher-end and sell durable and fashionable clothing, outdoors wear and travel essentials.

New No Frills grocery store landing in Edmonton

Edmonton’s Mill Woods Town Centre is getting a new No Frills grocery store. Centre owner Maclab Development Group announced Monday that Loblaws will open a No Frills as an anchor tenant.

Dickie's Barbeque Pit plans for 32 restaurants in Ontario

Dickey’s Barbecue Pit has made plans to grow its footprint in Ontario. The company has signed a development deal with Hayder Smokey Barbecue to bring as many as 32 stores to the province. 

7-Eleven to build 500 ‘food-forward’ stores by 2027

Convenience store giant 7-Eleven said it plans to build 500 convenience stores between 2025 and 2027, according to an investor presentation. The locations will feature a new prototype billed internally as its “New Standard" stores.

Blackstone, Starwood and Ares on $2.6B U.K. hotel chain frenzy

Global private equity firms are betting big on U.K. hotel chains in 2024. And with Blackstone (BX-N), Starwood and Ares dropping US$2.6B on three deals alone, the big question is what is sparking so much interest.

Wyndham launches extended-stay brand in U.S.

Wyndham Hotels & Resorts has formed a partnership with a residential management company to launch an extended-stay concept in the U.S. The hotel giant is partnering with Seattle-based Reside to open five residential-style hotels under the Wyndham Residences brand. 

There will soon be no meatpackers in NYC’s Meatpacking District

New York City’s last meatpackers in its storied Meatpacking District are leaving. Gansevoort Market, one of the city’s longest-operating meat markets, will end its lease early to make room for housing and a potential expansion of the Whitney Museum.

CRE crash is battering even the safest U.S. bonds

For the first time since the great financial crisis, buyers of top-rated commercial mortgage-backed securities are suffering losses. Of all the hot spots across global finance that were upended by the pandemic, few remain as fragile.

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