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In Langley's zero-vacancy market, Hungerford buys industrial land
In Langley's zero-vacancy market, Hungerford buys ind. land
Hungerford Properties continues to expand its development portfolio in British Columbia with the acquisition of a 3.83-acre Langley site where it plans two multi-tenant light industrial buildings totalling about 103,000 square feet.
Informa creates new Southwestern Ontario Real Estate Forum
It’s an idea that had been discussed for several years; now Informa Canada’s first Southwestern Ontario Real Estate Forum is scheduled for the Crowne Plaza Kitchener-Waterloo on May 10.
Calgary office workers bringing bustle back downtown
The hustle and bustle of downtown Calgary life appears to be trickling back as more employers are requiring workers to file into the office at least a few days a week, says Cristina Schultz, recruitment manager at About Staffing.
 | The Apartments Broker The No. 1 marketing 'secret' for multifamily investmentMikael KurkdjianPartner & Broker of Record, Baron Realty |
Dream Impact closes on two refinancings
Dream Impact Trust (MPTC-UN-T) has closed on the refinancing of the site at 49 Ontario St. for gross proceeds of $80 million and also on West Don Lands Block 8, which will add a further 770 multiresidential rental units.
Hyatt Centric Ville-Marie Montréal celebrates opening
Hyatt Hotels Corporation (H-N) announced the opening of Canada's first Hyatt Centric hotel, Hyatt Centric Ville-Marie Montréal, in collaboration with Montreal-based developer Jesta Group. Centrally located in the heart of Old Montréal, the property boasts 177 guest rooms.
Agro-100 builds liquid production plant in Quebec
Agro-100 just completed a major investment in a new liquid production plant in Joliette, Que. Agro-100's campus now comprises nine buildings; including two manufacturing sites, five warehouses, offices and a maintenance workshop.
Swiss clean aviation firm H55 creates Canadian branch
Swiss clean aviation company H55 S.A. is expanding its presence in North America with the establishment of a fully owned subsidiary to be based in Greater Montreal. H55 plans to secure a manufacturing facility to produce battery packs in 2024.
Site prepared for Frank Gehry's Forma Phase 1
Frank Gehry’s highly anticipated two-tower residential development Forma has obtained a building permit to construct the first phase. Located on King Street West in the heart of Toronto’s Entertainment District, the East Tower will soar 73 storeys.
Equiton proposes 13-storey mixed-use building
Equiton has proposed a 13-storey mixed-use building at 2257 Kingston Rd. in Toronto's Cliffside community. The Icon Architects-designed building would include 318 residential units and about 8,665 square feet of commercial space.
Slate Grocery, NorthWest are REITs to buy
Slate Grocery REIT (SGR-UN-T) stock offers a substantial dividend yield, currently at 7.94%, so it’s absurdly high at this point. NorthWest Healthcare Properties REIT (NWH-UN-T) is also strong because of the industry it’s in.
Real estate podcasts
Shaun Hildebrand, Urbanation: GTA condo & rental in 2023, CRE Podcast
Cheryl Gray, Cheryl Gray Consulting: Building an inclusive RE industry, People Who Perform
Mollie Eisler, Almanac Realty Investors: The intersection of people, technology and place, Tenant Experience Network
Blackstone sells London waterfront complex for $652M
Blackstone has sold St. Katharine Docks, a complex of office buildings, retail space and a 185-berth marina east of London, to Singapore-based City Developments Ltd., for $652 million Cdn.
Hedge fund trader betting against U.S. office sector
Daniel McNamara, a hedge fund manager who made a 119% return shorting debt linked to shopping malls, is betting on fresh pain in the office market. McNamara believes a large number of older offices will spur a wave of defaults.
European shares dragged lower by real estate
European shares ended lower on Thursday, with real estate stocks leading the falls, as investors grew increasingly worried about the prospects of interest rates remaining higher for longer.
GreenPoint to acquire $500M in Industrial outdoor storage
Alternative investment specialist GreenPoint Partners has launched an investment platform that will specialize in truck and trailer outdoor storage, a form of industrial outdoor storage, with a goal of investing $500 million in the sector.
U.S. rent hikes drop to lowest level in a year
The median U.S. asking rent rose 1.7% year-over-year to $1,937 in February — the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin.
Property manager shortage exposed as strata rules change
As B.C. strata ownership expands Into the commercial sector and rules on wind-ups and rentals change, the shortage of experienced property managers is becoming acute and obvious. Statistics Canada reports a shortage of about 100 vacancies for “property administrators.”
Young facing 'very, very tough market': Polygon Homes
Michael Audain, founder and chairman of Polygon Homes, regrets “housing costs are far too high” in Metro Vancouver and Victoria. “It’s tough for young people. It’s very, very tough, unless they have the bank of mom and dad behind them.”
Federal rules will make housing crisis worse: BILD
The federal Prohibition on the Purchase of Residential Property by Non-Canadians Act will hamper much-needed investment in new housing projects, making Canada’s housing supply crisis worse, not better.
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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