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Luxury hotel owner Warwick acquires Montréal's Le Crystal
Luxury hotel owner Warwick acquires Montréal's Le Crystal
International luxury chain Warwick Hotels and Resorts (WHR) has acquired its first property in Canada, the Hotel le Crystal in downtown Montréal which it plans to reopen in May after a two-year closure.
OMERS reports $4.9B gain, sets sights on assets
Ontario Municipal Employees Retirement System CEO Blake Hutcheson sees opportunities for pension fund managers in a difficult environment marked by higher interest rates after returns from private assets helped keep the plan’s returns buoyant at 4.2 per cent in 2022.
Avenue 31 launches Cornwall multimodal logistics village
Avenue 31, the Ottawa-based real estate and development company behind the National Capital Business Park, is launching a new project dubbed Camino-Long Sault, a proposed multimodal logistics village on 675 acres near Cornwall.
Fitzrovia DevCore fund seeks to build $2B of GTA multires
Fitzrovia Real Estate has closed its first real estate fund, Fitzrovia DevCore Fund LP, which is focused on developing purpose-built rental housing across the Greater Toronto Area (GTA).
No relief in sight as Mtl. industrial rents soar
Industrial rents in Greater Montreal soared 112 per cent between 2020 and 2022, the highest two-year advance in Canada, according to Jones Lang LaSalle. Southern California’s Inland Empire region was the only area in North America where rents grew faster.
Porter to develop new Montreal terminal, hotel
Porter Aviation Holdings Inc. is betting it can pull off a renaissance at Montreal’s Saint-Hubert Airport. Cost estimates for expansion plans are in the range of $200-million, including development of a nearby 130-room hotel by Holiday Inn.
 | Trez Capital Patience + experience: The key to success in commercial real estate investments in 2023As we settle into the new year, players in the commercial real estate space are reflecting on 2022 and beginning to execute strategies for 2023. Although real estate has been heavily impacted by economic variables, great opportunities continue to exist. Sponsored by: Trez Capital |
CRE sector undergoing major shifts: Royal LePage
Although the residential market tends to take the lion’s share of headlines, the commercial market is undergoing significant shifts that will have major implications for the rest of 2023, says Damon Conrad, national director of Royal LePage Commercial.
Choice Properties is a steady REIT, but where’s the growth?
Choice Properties Real Estate Investment Trust (CHP-UN-T) hasn’t been dazzling anyone with rising cash distributions in recent years, which raises the question of whether its reputation as a steady performer is enough to hold investor interest.
 | The Long View Why apartment rents are expected to continue risingRichard CrenianFounder & President, ReDev Properties |
ZS2 captures carbon in magnesium cement
ZS2 Technologies, a Calgary-based sustainable building materials company, is solidifying its efforts to create cement made with direct air captured carbon and aid the industry’s decarbonization through its pilot plant in Calgary.
Ivanhoé, Embassy shelve $500M Indian office platform
Ivanhoé Cambridge, the real estate subsidiary of Canada’s second-largest pension fund, and Bengaluru-based Embassy Group have shelved their planned $500-million India office development platform. The partners will instead look at asset-level deals in the country, sources said.
Couche-Tard acquires 45 Arkansas fuel/retail sites
Alimentation Couche-Tard Inc. (ATD-T) announced it is moving forward with a binding agreement for the acquisition of 45 fuel and convenience retail sites from Big Red Stores across the state of Arkansas. All 45 sites are company-owned, company-operated sites.
Ready to acquire Broadmark, create $2.8B mortgage REIT
Real estate financial specialist Ready Capital Corp. will acquire Broadmark Realty Capital, another real estate financial company, in an all-stock deal. Upon completion of the merger, Ready Capital will be an entity with a $2.8 billion capital base.
1.4B sq. ft. of U.S. offices expected to be obsolete by 2030
A Cushman & Wakefield report found the U.S. is expected to end the decade with 1.1 billion square feet of vacant office space. More than 25% of the country’s total 5.56 billion square feet, about 1.4 billion, will be considered obsolete.
Ontario can build 2M homes without touching Greenbelt: Report
Ontario already had enough land designated to build two million new homes – more than its overall goal of 1.5 million over the next decade – before it decided to release parts of the protected Greenbelt, according to new research.
Condo market rebounds as B.C. lifts rental, age restrictions
ANALYSIS: When it went on the Vancouver market in 2001, a newspaper ad for a condominium boasted it is an “adult building,” which meant only people over 45 could live there. The Kerrisdale building also had a no-rental policy.
Canada at risk of housing crash leading to bigger crisis
Canada, along with Iceland, the Netherlands, Sweden and Denmark, is among the five countries most vulnerable to a housing crash leading to a banking crisis within the next year, according to a recent report by Oxford Economics.
Welland, Ont., condo partially collapses again
A luxury condo project in Welland, Ont., has partially collapsed for the second time in eight days. Representatives of Evertrust Developments, said on Sunday the partial collapse occurred at the same area of the building as the last partial collapse.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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