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Vive buys former St. Catharines hospital site for rental dev.
Vive buys former St. Catharines hospital site for rental dev.
Vive Development Corporation is expanding from its home base in Kitchener, Ont. into a new market with ambitious plans to redevelop the former St. Catharines General Hospital site into a high-rise purpose-built rental community.
Loonie takes a hit after Trump threatens tariffs
The Canadian dollar fell to its lowest level since May 2020 after Donald Trump threatened to impose tariffs on Canadian goods shipped to the United States once he takes office in January.
BoC, Fed should focus on rising delinquencies, bankruptcies
Despite the cumulative 75-basis-point cut by the United States Federal Reserve since September and the 125-basis-point cut by the Bank of Canada since June, the most recent loan officer surveys for both countries showed lending standards actually tightening.
It's 'naive' to blast big institutions providing rental housing
OPINION - Readers likely won’t be surprised to hear the property development industry, and many politicians, don’t have trouble with REITs. Or with the insurance companies and pension funds that often finance and manage much of the country’s purpose-built rental housing.
Nearly 400 rental homes planned for Kitsilano
West 4th Avenue retail strip is set to see a drastic rebirth that brings new life to the commercial district and surrounding residential neighbourhood. A mix of significant uses are planned for the redevelopment of the longtime Safeway grocery store.
Northstar to buy QRD Met project under receivership for $10M
The numerous properties once owned by Quarry Rock Developments (QRD) are being sold off one by one, with the latest being a project called The Met, at 2245 McAllister Ave. in Port Coquitlam.
Firm Capital, Telsec critical of Melcor's increased offer
UPDATED WITH FC, TELSEC RESPONSE: Melcor Developments increased its offer for Melcor REIT (MR-UN-T) shares 11 per cent, to $5.50 per unit, as it continues efforts to take the trust private. Dissident minority shareholders, however, say it's not enough.
Windsor, U.S. developer end legal battle over dev. site
The City of Windsor and a company that had sought to turn the former Grace Hospital site into student housing have ended their legal battle over the development. Fairmount Properties said it has elected to focus on U.S.-based initiatives.
Norfolk considers incentives for developers who 'build up'
Amid public outcry over plans to turn Norfolk County farmland into subdivisions, mayor Amy Martin wants to sweeten the pot for developers to build in the rural municipality’s urban centres.
Development activity accelerates in Calgary's East Village
Ongoing development activity in the East Village will bring hundreds more residential units to the area over the next year, Calgary Municipal Land Corp. said. Bankside Properties and Sumus Property Group have bought two land parcels for residential developments.
Looming building boom in Laval
A flurry of major construction projects in Laval announced over the last few weeks suggests a building boom may be underway. Leading the list is a two-tower rental apartment project at the Carrefour Laval mall by Toronto-based Cadillac Fairview.
Deafblind community starts construction on new project
A project to build 56 new apartments, designed for members of the deafblind community, on a one-acre parcel of land in Etobicoke using federal Rapid Housing Initiative funding almost didn’t happen.
35,000-sq.-ft. Adidas flagship store opens in Vancouver
Adidas has now opened within the former Victoria’s Secret flagship store space in downtown Vancouver. It is the very first “Home of Sport” brick-and-mortar store concept in Canada and the United States for Adidas.
Slate acquires Morrisons regional distribution centre in U.K.
Slate Asset Management has an agreement to acquire U.K. grocery chain Morrisons' 780,0000-square-foot regional distribution centre from Aviva Investors. The building, fully leased by Morrisons, is in Bridgwater, Somerset.
CRE investment falls to decade low, but that could soon change
Investment in commercial real estate has been down in 2024, but with more certainty from the election results and falling interest rates, activity is expected to come back in a big way.
St. James’s Place to shutter $3.25B U.K. property funds
St. James’s Place Plc is winding down three U.K. property funds managing a total of £1.84 billion (C$3.25 billion), a year after halting client redemptions during a wider commercial real estate downturn.
Blackstone buys into Santander’s $1B loan portfolio
Blackstone Inc. (BX-N) has bought interests in a portfolio of infrastructure loans from Banco Santander SA worth US$1 billion. The portfolio is made up of loans that are financing assets in digital infrastructure such as data centres.
Trump policies likely to affect CRE, but bond yields a bigger influence
One pressing question in commercial real estate is the potential impact of a Trump presidency. According to Oxford Economics, the impact could be significant but in the short term,10-year bond yields are the metric to watch.
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