Recent Articles
Concert's new CEO sees herself as development outsider, with eye on growth
Concert's new CEO sees herself as development outsider
Catherine Roome believes all organizations require transformation. "There's this interesting saying right now that the rate of change in an organization has to match the rate of change outside," the recently appointed CEO and president of Concert Properties said.
BGO acquires Toronto's 95 Wellington office tower from CF
BGO has acquired the 23-storey 95 Wellington St. W. office tower in downtown Toronto from Cadillac Fairview. The sale of the class-A property is the latest sign the office market in the city’s core continues to rebound.
NorthStar's Livy the 'cooler, younger sister' to nearby PoCo
Despite being a close neighbour to its sibling project, the Livy condo by NorthStar Development in Port Coquitlam, B.C. is far from a twin, with its distinct personality that focuses on affordability and livability.
Vancouver hotel projects ramp up as World Cup nears
Plenty of new hotel supply is in the pipeline for Metro Vancouver and set to ease a long-standing shortage some tourism industry insiders have been warning about for years. Three hotels are set to welcome guests by early summer.
AHIP REIT announces review of strategic alternatives
American Hotel Income Properties REIT LP (HOT-UN-T) announced its board of directors has initiated a review of strategic alternatives to maximize unitholder value. The board will analyze and evaluate a range of alternatives, the REIT said.
Canada’s ‘real estate economy’ is costing us — here’s how
Canada has become a “real estate economy” with a major productivity problem. We have built on a foundation that prioritizes shuffling the ownership of existing houses over the productive investment required to grow. The trade-offs are now impossible to ignore.
Luxury condos sprout from restored 1930s auto showroom
After decades of neglect, an old automobile showroom is being lovingly restored and will form the base of a new 13-storey luxury condo of 58 residences, to be called One Marlborough.
Condo chill forced developers to look at alternative uses
With new condo project launches grinding to a standstill in the Toronto — there were zero in the first quarter — many developers are being forced to swallow high carrying costs, leaving them to contemplate alternative uses for their land.
Coquitlam backs highrise and lowrise projects
Coquitlam council unanimously backed a 35-storey market strata tower in Burquitlam during Monday’s meeting. Spanning six lots on Tyndall and Claremont streets, the project also includes a six-storey rental building.
Towers with over 600 units proposed for Ajax
A development proposal from Bousfields Inc. could bring two 30-storey towers to Ajax. The proposed development includes approximately 622 dwelling units and 2,500 square metres of commercial space at the ground level.
Glenora developer deserves discipline for doxxing
OPINION: A developer in the Glenora neighbourhood has been trying to intimidate residents opposed to its multiplex by printing the opponents’ names on a large sign and on flyers and has threatened to turn the project into a halfway house.
Firm closes $8.5M acquisition, advances on $218M deal
Firm Capital Property Trust (FCD-UN-T) has closed on an acquisition of a 50 per cent interest in a 103-site manufactured home community in Didsbury, Alta. Firm expects to close on a $218M transaction for 1,649 MHCs in Q2.
Brick-and-mortar retail remains surprisingly resilient
Online shopping has been the bogeyman of brick-and-mortar retailers since well before the COVID-19 pandemic forced everybody online. But the reports of the death of in-person retail were greatly exaggerated.
Abbatiello Group buys the Shaker restaurant and bar chain
The Abbatiello Group is expanding its family and adding 21 restaurants to its portfolio through the acquisition of the Quebec-based chain Shaker Cuisine & Mixologie. Originating from the world of fast food, this is the first restaurant-bar type chain for Abbatiello.
The founder of Liquidation Marie is far from finished
No degree, no money, no plan: she built the largest network of liquidation grocery stores in Quebec thanks to her flair for the deal and is now racing towards 50 stores, before someone else steals her place.
Lilly commits additional $4.5B in Indiana manufacturing sites
Eli Lilly said on Wednesday it would invest US$4.5B more across two of its three manufacturing sites in Indiana, bringing the U.S. drugmaker's total capital expansion commitments in the state since 2020 to more than US$21B.
Wall Street readies data centre IPOs as AI-linked debuts surge
Wall Street banks are getting ready to raise billions of dollars taking data centre companies public, even after IPO investors have already piled into anything that looks like a bet on artificial intelligence spending.
Where office use is heading: The New York City bellwether
A recent Hubble survey picked the brains of top New York City business leaders, including founders, C-level executives and decision makers, gauging their present office utilization philosophy and future workplace arrangement plans.
Bullish CEOs bet wave of investment will prop up growth
Some of the world’s most influential investment executives are looking past the economic fallout from te war in Iran, betting waves of investment in artificial intelligence and infrastructure will help economies push through a period of global turmoil.
Industry Events
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Land & Development
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