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Regional Group acquires 3-building Ottawa office campus
Regional Group buys 3-building Ottawa office campus
Regional Group has acquired the three-building, 224,151-square-foot Qualicum Centre office campus in suburban Ottawa from Manulife Investment Management.
Ontario housing bill said to short municipalities by $5B
Ontario housing legislation could leave communities short $5 billion and see taxpayers footing the bill, either in the form of higher property taxes or service cuts, the Association of Municipalities of Ontario said Thursday.
Tech layoffs fuel speculation about Van. sublease space
The latest round of tech sector layoffs at Amazon (AMZN-Q) is fuelling speculation office space could become readily available in downtown Vancouver, creating opportunities for new entrants unable to fit in during the tech boom spawned by COVID-19.
Caisse, Selection were looking into financing partnership
According to four sources, Caisse de dépôt et placement du Québec had accepted the possibility of a partnership with Selection Group for future development projects. It would have provided 85% of the financing in the form of loans.
Zoning order approved for 130-acre Collingwood mixed-use
Di Poce Management Limited and Live Work Learn Play Inc. announced the request for a Minister’s Zoning Order for the 130-acre Poplar Regional Health & Wellness Village mixed-use development in Collingwood, Ont., has been approved.
Graywood nears launch of 53-storey Centricity Condos
Earlier this week, Graywood Developments took another stop toward Centricity Condos, a 53-storey tower at 241 Church St. in downtown Toronto. The Turner Fleischer Architects-designed tower would offer 594 dwelling units — from studios to three bedrooms.
RESCON, partners issue code of practice for tower cranes
The Residential Construction Council of Ontario (RESCON) and partners have released the Construction Industry Code of Practice: Safe Use of Tower Cranes, a best-practices guide to be used by builders and trade contractors when erecting, operating and dismantling tower cranes.
Manulife seeks buyer for 40-storey Chicago tower
Manulife Financial has listed the 40-storey, 815,000-square-foot office building at 55 West Monroe St. in Chicago. Bids of under $130 million are expected for the tower, well under its purchase price of $244 million in 2014.
CPP acquires additional stake In Paris airport operator
CPP Investments has an agreement with Royal Schiphol Group to acquire a stake of approximately 1.59% in Aéroports de Paris, an international Paris-based airport operator. CPP Investments will hold a total stake of approximately 5.64%, valued at $1.1 billion.
U.S. malls are rethinking what anchors should look like
As department stores leave malls, owners are debating what to do with the large spaces left behind. Eastridge Center shopping mall in East San Jose is looking to turn a former 260,000-square-foot Sears space into a Vietnamese indoor market.
REIT portfolio managers assess key trends, issues for 2023
After a strong operating performance by REITs in 2022, the pace of growth is expected to slow in 2023. Macro conditions are expected to remain challenging, including the possibility of a recession, but fundamentals are expected to remain sound.
Investor caution dampens real estate investment
Global direct investment in real estate during Q3 was US$234 billion, down 24% year-over-year, according to JLL data. The drop marked the first quarter of annual declines in real estate transactions globally since the onset of COVID-19.
U of Calgary complex an exemplar for retrofits
The MacKimmie Complex redevelopment at the University of Calgary is a textbook example of deep green retrofits, thanks to its certification as a zero-carbon building from the Canada Green Building Council and its pursuit of LEED Platinum status.
Feds table bill to help supply chain and ease inflation
As supply chain disruptions continue to add to the rising cost of living, Federal Transport Minister Omar Alghabra hopes to help fix the problem with new legislation, but said improvements will take time.
Olymel closing St-Hyacinthe, Que., plant, cutting 107 jobs
Pork producer Olymel is closing its packaging plant in St-Hyacinthe, Que., on Feb. 10, cutting 107 jobs, the company announced on Thursday. The cooperative said the volume of products to package has decreased at the plant on St-Jacques Street.
Investors' appetite for MTY shares growing
Montreal-based MTY Food Group Inc. (MTY-T) caters to casual diners looking for quick food at reasonable prices, raising optimism among some analysts and investors as pandemic routines fade and hungry consumers return to shopping concourses.
QuadReal exec named Western Canada General Counsel of the Year
QuadReal Property Group chief legal officer and corporate secretary Roger Chouinard, who was named the 2022 Western Canada General Counsel of the Year, has spent much of his 23-year legal career in the eye of Canada’s real estate storm.
Average Ontario commissions on track to drop $45K
The average Ontario real estate agent can expect their annual earnings to be chopped by $45,000 this year, says broker and real estate analyst Daniel Foch, who crunched the numbers based on year-to-date Ontario transaction data.
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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