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Canada office market stabilizes in Q3 following years of uncertainty
Office market stabilizes in Q3 following years of uncertainty
In the wake of COVID and higher interest rates, the Canadian office market is turning a corner toward greater stability and a rise in suburban office activity while the industrial sector is cooling according to Colliers Canada Q3 office report.
Reimagining offices as educational learning spaces
Investing in employees’ skills is becoming a top priority for companies looking to stay competitive. Bank of Montreal is leading the trend with its new BMO Academy – an innovative hub designed to support the development of the bank’s 54,000 employees.
Thornhill's Promenade evolving into a vibrant shopping hub
Promenade Shopping Centre in Thornhill, north of Toronto, is undergoing a substantial transformation as part of a redevelopment plan aimed at creating a vibrant, mixed-use urban centre. The 535,000-square-foot mall is adding residential towers, retail spaces and entertainment attractions.
 | Design, Policy and Canadian Cities The hidden architects of our cities: How traffic engineers shape urban landscapesNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
CDPQ, Nuveen roll out $830M green CRE financing venture
Caisse de dépôt et placement du Québec and Nuveen’s U.S. green capital division have set up a $830M commercial real estate financing venture, combining commercial property assessed clean energy (C-PACE) financing with senior bridge and construction financing.
 | KOLT Realty Inc., Brokerage The evolution of small bay industrial real estateThe shift from institutional ownership to tenant-led demand is opening new opportunities for industrial condo conversions. As businesses recognize the benefits of ownership, companies like KOLT are positioned to lead, offering expertise and innovative solutions aligned with evolving market needs. Sponsored by: KOLT Realty Inc., Brokerage |
Court ruling allows massive CN Rail hub in Milton to proceed
The Federal Court of Appeal has dismissed a challenge to the construction of a massive rail-and-truck hub in the GTA. The $250M project aims to double CN’s existing line of tracks in Milton and construct a hub for containers.
Will TO-Montreal route be Canada's first high-speed rail line?
In July 2023, the federal government shortlisted three private consortiums to participate in the request for proposal's (RFP) detailed bidding process on a high speed train line, attracting international interest from major investors.
OPPI tour highlights downtown Hamilton development blitz
Hamilton's downtown will be unrecognizable in five to 10 years as prime properties, many now serving as underused parking lots, are developed in a blitz of building, planners leading a recent Ontario Professional Planners Institute tour of the city said.
Western Canada's tallest tower approved in Burnaby
The proposal to build two groves of new high-rise towers next to SkyTrain Lougheed Town Centre Station in Burnaby has received the green light. Developer Pinnacle International plans to build five towers across two separate sites next to the transit hub.
First groundbreaking in Mississauga's Lakeview Village
There were good vibes on all sides as stakeholders and politicians gathered for a groundbreaking celebration for Tridel’s Harbourwalk complex on Mississauga's waterfront yesterday. The 455-unit building is the first residence to launch at the massive Lakeview Village development.
Toronto dominates the Crane Index with 83 in downtown core
Construction cranes are a fixture of Toronto's skyline. Back in Q3 2023, Toronto had the most operating cranes out of any North American city — a staggering 240, according to Rider Levett Bucknall's latest Crane Index.
Three rental towers proposed for Van.'s East Hastings area
One of the city’s largest developers, Westbank, has partnered with the Promerita Group on a proposal to build three towers of 38, 39 and 19 storeys in East Hastings, between Glen Drive and Vernon Drive.
Morguard starts construction on 431-unit rental community
Morguard (MRC-T) has officially started construction on a new rental apartment building in Mississauga. Work has started on the purpose-built rental community of 431 units in three residential towers at 725 Village Green Blvd., near Cawthra Road and Atwater Avenue.
RBC Place London closing in on back-to-back strong years
RBC Place London is putting the finishing touches on a year that will see more than 200 events, generating more than $22 million in spinoffs, the convention centre’s chief executive says.
Atlantic Packaging Products opens new plant in Hamilton
Scarborough-based Atlantic Packaging Products has celebrated the opening of its newest manufacturing plant in Hamilton, Ontario. This state-of-the-art facility will allow the company to enhance its ability to provide sustainable, high-quality packaging solutions while expanding capacity to support customer growth.
OpenAI to open first NYC office in Kushner-owned building
The company at the bleeding edge of the artificial intelligence revolution is opening up a large New York City office. OpenAI has signed a lease for 90,000 square feet at the Puck Building in the SoHo neighborhood of Manhattan.
Sears is looking for rent relief on last-standing stores
In its heyday, Sears dominated the U.S. from its headquarters in Chicago, once the country’s tallest tower. Now, Sears’ once-bright blue logo sits fading on abandoned, empty buildings in strip malls across the country.
BioMed buys Kendall Square complex in Boston for $361M
A Kendall Square building that houses an MIT "tough tech" spinout has been sold in one of the largest CRE deals of 2024. BioMed Realty acquired 730-750 Main St. in Cambridge, a two-building complex, from MIT for US$361.5M.
Blackstone’s EQ Office sells San Diego campus for $77M
A joint venture between Harbor Associates and F&F Capital Group has acquired Highlands Corporate Center, a 211,000-square-foot, five-building office campus in San Diego. Blackstone’s EQ Office sold the asset for US$77 million, public records show.
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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