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Development partners sought for Queen, Spadina TOD sites

1 week ago

Development partners sought for Queen, Spadina TOD sites

EY Parthenon is marketing prime transit-oriented development opportunities above Toronto’s future Metrolinx Ontario Line Queen-Spadina subway station. 

Crown acquires two class-A office buildings from Fengate

Crown Realty Partners has acquired 1111 and 1122 International Blvd., two class-A office properties in Burlington, Ont., from Fengate Real Estate for an undisclosed price.

U.S. turmoil could spur investment for Canada: CPPIB CEO

The $714-billion Canada Pension Plan Investment Board is “getting calls” from global investors looking to take part in Canadian investments, chief executive officer John Graham said Tuesday at a meeting with The Globe and Mail’s editorial board.

Construction sector ramping up tech investments: KPMG

A new survey says most Canadian construction companies are still coping with a shortage of skilled labour, however their productivity and efficiency has improved in recent years as a result of investments in technology.

Dot Foods opens massive new distribution centre in Calgary

A food industry redistributor is tripling its footprint in the Calgary region to meet growing demand across Canada. Dot Foods Canada announced its move to a new 284,212-square-foot distribution centre at 4639 72nd Ave. S.E.

Diagram by Cressey: A sales success story in a shifting market

In a commercial real estate landscape marked by uncertainty and evolving demand, Diagram by Cressey Development Group has emerged as a standout success for the strata office market.

Sponsored by: CBRE

Globalive gets approval for Wealth One Bank bid

A Globalive Corp.-led consortium of investors says it has secured approval to acquire Wealth One Bank, a Schedule 1 bank catering to Chinese-Canadian clients. Most of the bank's $516M in assets are uninsured mortgages on residential real estate. 

Ruby Liu unveils vision to reinvent Canadian retail

Ruby Liu, chairwoman of Central Walk and the entrepreneur behind a proposed department store chain that bears her name, is preparing to reshape Canadian retail by rethinking what a store can be — merging retail, entertainment, food and culture.

Liu offers $6 million for 3 additional Hudson's Bay leases

The B.C. mall owner hoping to buy dozens of Hudson's Bay leases has offered $6 million to take over three locations in malls that she owns, describing it as just the beginning of a new department store empire.

Asian grocer linked to former London Rona store

London may soon get a new Asian grocery store in the city’s northwest end. The former Rona home improvement centre at 820 Blythwood Rd., just off Wonderland Road north of Oxford Street, is being redeveloped. 

Retailers are in trouble and there may be more to come

The fall of Hudson's Bay may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company's demise is part of a now-annual pitter-patter they expect to continue.

Westmount redev. plan adds density and taller buildings

Westmount is anticipating a large turnout for a public consultation on the new iteration of a controversial redevelopment plan. The plan calls for several highrises to be built on Ste-Catherine St. W. and Dorchester Blvd.

Longueuil plans a convention centre, hotel near the metro

Longueuil wants to add a convention centre and a major hotel to its downtown. To attract developers, the city plans to rely on negotiations regarding the sale or long-term lease-purchase of the land where the complex would be built. 

eQ homes to build out 2 Ottawa-area communities

Ottawa's eQ Homes has been chosen by Neilcorp Homes to complete the build-outs at two Eastern Ontario communities, Marshall’s Bay in Arnprior and Mill Run in Almonte. Marshall’s Bay is already home to hundreds of residents, while eQ will begin building a new block of homes at Mill Run. 

Proposals for 518 rental homes before Vancouver council

Three proposals for housing towers that would create a total of 518 rental homes are among the latest applications under the Broadway Plan to go before Vancouver city council.

AI's office space demands creating strong tailwinds for U.S. REITs

AI’s evolution is expected to have a significant impact on CRE. In addition to increased demand for data centre and cell tower capacity, experts are also forecasting a boost in leasing for the office market from AI-related companies.

Law firm leasing activity jumps 300% in Boston

As Boston's office market continues to gradually recover from the pandemic, a flurry of law firms with workers back in the office and upcoming lease expirations are driving deal activity. 

Trammell Crow, MetLife deliver 2.3 million square feet of warehouse space

Trammell Crow Co. and clients advised by MetLife Investment Management have completed three speculative warehouse buildings totalling 2.3 million square feet near the Port of Savannah. The speculative buildings are the first phase of a major logistics centre.

NYC developer Silverstein bets on rising wealth of Seattle’s neighbour

New York developer Larry Silverstein, best known for his World Trade Center skyscrapers, is going all-in on the Pacific Northwest, taking full ownership of a project surrounded by some of the wealthiest U.S. ZIP codes and the world’s biggest companies.

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