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Oxford sells $81.5M Vaughan Industrial Park building
Oxford sells $81.5M Vaughan Industrial Park building
A Greater Toronto Area manufacturer has beaten the odds in a very tight Greater Toronto Area industrial market and acquired a 281,265-square-foot building in Oxford Properties' Vaughan Industrial Park for $81.5 million.
 | The Apartment Building Expert The return of the vendor takebackDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
Artis lists three Winnipeg office buildings for $67.5M
Artis REIT (AX-UN-T) has listed two buildings off Main Street — 13- and 23-storey facilities dubbed the “Bell MTS Portfolio” — for $33.5 million. Also listed at $34 million is 220 Portage Ave., a 17-storey building housing RBC.
Some new Vancouver condos held empty for years: Memo
Internal city documents show some Vancouver developers have paid up to hundreds of thousands of dollars in annual empty homes taxes to keep new condos empty for several years while they wait for a buyer to meet their asking prices.
Windsor CRE market cools in first half of 2023: CBRE
The volume of Windsor CRE deals and their value both declined year-over-year in the first half of 2023, but the area is still on track for its second-best year on record, CRBE Windsor associate president Brad Collins said.
Theberge Homes proposes three Ottawa high-rises
Theberge Homes has proposed two 24- and one 32-storey towers with nearly 1,100 residential units at 780 Baseline Rd. The site, which Theberge bought two years ago for $16.5 million, is occupied by 36,000-square-foot Fisher Heights Plaza.
EDIFIA, Fonds launch Phase 2 of Québec City rental
EDIFIA Groupe Immobilier and the Fonds immobilier de solidarité FTQ have joined forces again, this time to build Le Cardinal Sud, a 95-unit rental building in Québec City's Val-Bélair neighbourhood.
Tribe acquires Meritus Group Management
Tribe Property Technologies Inc. (TRBE-X) announced it has agreed to acquire Meritus Group Management Inc., an arm's-length party, strengthening Tribe's presence in the GTA. Meritus has over 5,000 homes under management.
Walmart opens new Supercentre in Montreal
Walmart Canada has opened a new Supercentre in Montreal at the Marché Central shopping centre. The 140,000-square-foot store represents a $20 million investment by the retailer, and employs some 300 associates.
Choices Market set to open first Vancouver Island store
B.C.-based Choices Market is set to open the doors to its first store on Vancouver Island. The Pattison Food Group-owned banner is setting up shop in Parksville at 319 Island Highway East on Thursday – its 11th location.
Feds launch RFP for next phase of Block 2 redev.
The federal government has launched the Request for Proposal (RFP) process for construction management services to support the next phase of Ottawa's Block 2 redevelopment in the Parliamentary Precinct. The contract is expected to be awarded in early 2024.
RioCan estimates GHGs, asks SBTi to validate goals
RioCan Real Estate Investment Trust (REI-UN-T), one of the largest Canadian REITs, finished a high-level estimate of its greenhouse gas emissions and certified more of its portfolio under green standards in 2022 as part of its evolving ESG strategy.
Average rent surges to record $2,078: Rentals.ca
The Canadian rental market has set a record, with the average asking rent surging to $2,078 in July. This marks an 8.9 per cent annual increase, the most rapid growth seen in three months, according to Rentals.ca.
Montreal renters turning to apartment swapping
“Apartment swap only,” begins the advertisement for renter Adam Reider’s three-bedroom, ground-floor apartment in Montreal’s sought-after Notre-Dame-de-Grâce neighbourhood, referring to a transfer of two separate leases, with another tenant who has the exact apartment his family of four needs.
BGO’s Rob Naso on new move-in-ready office model
BentallGreenOak has spent the better part of a year creating a model at its offices at Manhattan’s 685 Third Avenue. What started out as the company’s “office of the future” is now being called its MIRO (move-in-ready offices).
This might be a great time to buy foreign REITs
OPINION: Many opportunities exist outside Canada in real estate. The largest and probably most familiar market is the U.S. Given its more capitalistic system, the American economy will outperform Canada’s despite all the social and political problems it currently faces.
Investors pour billions into U.S. student housing
College students aren't the only ones scoping out new opportunities on and off campus. Major real estate investors have been marching into student housing, drawn to the sector by its higher rent growth than traditional multifamily and its “recession-proof” assets.
Microsoft breaks ground on $1B Wisconsin data centre campus
Microsoft has started constructionat a $1-billion, 315-acre data centre campus in Mount Pleasant, Wis. Announced in March, the initial phase will see four data centre buildings constructed on 215 acres.
NYC’s weed stores exposing banks to illegal sales
The proliferation of unlicensed marijuana stores across New York City the last two years has had an unexpected consequence for banks and real estate owners: Many are now intertwined in the cannabis business.
L.A. office vacancies threaten properties' viability: Newmark
A new analysis from Newmark found 26 per cent of L.A. offices – a total of 57 million square feet – are under 70 per cent occupied, potentially jeopardizing their ability to remain economically viable assets.
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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