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Elysium names industry veteran King as new managing director

1 week ago

Elysium names industry veteran King as managing director

When Harley Mintz and the management team at Elysium Investments decided to hire a new leader, one name kept coming up. “The only person that I really wanted was Lorrie (King)," he said.

Xanadu receives $195M to build quantum computing plant

Xanadu Quantum Technologies (XNDU-T) will use a $195-million investment from the federal government to refurbish a Toronto facility in order to build “fault-tolerant, utility-scale, photonic quantum computers.” The 158,000-square-foot Toronto site was formerly a Campbell’s Soup factory.

Massive Port Moody project enters bankruptcy protection

EDGAR Development’s massive Portwood project in Port Moody has entered formal bankruptcy protection, with the unfinished portions of the 23-acre project now headed for a court-supervised sale as its developers grapple with more than $100 million in debt.

Saskatchewan is evaluating 30 data centre proposals

Jeremy Harrison, Saskatchewan’s minister responsible for Crown utilities SaskPower and SaskEnergy, said the province has received “a lot of inquiries” from prospective developers and is ready for more data centres — as long as they bring their own power supply.

Construction underway on Guelph office development

A Hanlon Creek Business Park office development will offer new space in Guelph's tight market. It consists of two buildings, both two storeys, with 90,000 square feet of space in total.

Site Selection ranks Canada’s best investment locations

The business case for Canada continues to be solid. Site Selection Magazine ranks Canada’s top locations for attracting corporate investment, facilities and jobs, highlighting major projects across the country and strong performance by Ontario, Alberta and Saskatchewan.

Bombardier to buy Mitsubishi aerospace plant near Pearson

Bombardier Inc. says it will buy Mitsubishi’s main Canadian aerospace factory. The deal means MHI’s 270,000 square-foot plant that handles wing assembly, fuselage and flight control installations for some Bombardier planes will now fall under that company’s umbrella.

Mont Tremblant announces $42.5M expansion

Alterra Mountain Company has confirmed the launch of expansion work on its Mont-Tremblant ski area. The investment will be used to develop the Timber summit and will eventually offer eight new slopes as well as a new high-speed ski lift.

Metro closing its Montreal order processing centre

The 110,000-sq.-ft. Metro (MRU-T) centre at 10655 Henri-Bourassa Blvd. W., in Saint-Laurent, which opened just four years ago, has over 10 kilometres of shelves of dry and refrigerated food.

MONTONI developing new retail complex in Mascouche

Quebec-based real estate developer MONTONI announced Tuesday it is partnering with Super C and Jean Coutu in developing a new retail complex designed to meet the growing needs of Mascouche’s population in Quebec.

Significant renovations underway at Burlington Centre mall

Significant renovations are underway at a Burlington, Ont., mall for a couple of new businesses expected to open next year. The project is part of ongoing changes at the mall that include the relocation and expansion of some existing stores.

Canada's water, sewer systems lag housing growth

Municipalities and developers are confronting wastewater plants nearing capacity, sewers that need expansion and aging water systems that already require billions of dollars in investment. The result is that developments are being delayed, phased or stopped.

Multiplex developer faces 10th tree-cutting investigation

Toronto-area multiplex developer Modcity is now facing its tenth municipal investigation for alleged illegal tree removal, a city councillor says — leaving residents wondering why existing laws seem powerless to stop alleged repeat offenders.

U.S. landlords must create their own value a bargains fade

The window for buying commercial property on the cheap is closing. With valuations holding firm and rate relief slipping further out of reach as bond yields climb, analysts say the next phase of the cycle will reward operators, not opportunists.

Why high yields on government bonds are causing alarm

Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. Investors’ retreat from long-dated sovereign debt has been driven by a range of concerns.

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