Triovest has just started marketing a 22-acre Brampton site in the northern Greater Toronto Area where it plans to build two mid-bay industrial buildings totalling about 562,000 square feet.
Northland Properties has acquired the soon-to-be-completed King Blue Hotel in Toronto from Greenland Canada, which is developing the 118-suite boutique facility as part of its twin-tower King Blue Condominiums.
KingSett Capital has proposed a 35-storey tower 1255 Bay St. in Yorkville. The BDP Quadrangle-designed building would sit atop a 10-storey podium and contain 357 residential units, with 103 bachelor units (29%), 109 one-bedrooms (30.5%), 109 two-bedrooms (30.5%), and 36 units of three bedrooms or more (10%).
Hazelview Investments has proposed a 28-storey rental building at 40 Raglan Ave. in Toronto. The Graziani + Corazza Architects-designed building would be home to a total of 279 residential units: 32 studios (11%), 124 one-bedrooms (44%), 94 two-bedrooms (34%), and 29 units of three bedrooms or more (10%).
Business is slowly starting to percolate again at the Second Cup coffee shop franchise in Toronto’s PATH as workers trickle back to major downtown office buildings above the world’s biggest underground retail hub. The pandemic slashed sales by 80 per cent.
People are returning to co-working spaces and many are also considering the spots for the first time as they adjust to long-term remote work or depart office jobs to start companies. Werklab owner Christina Disler is among those feeling relieved.
Co-founder, Right at Home Realty
OPINION: Gatineau-based Katasa has proposed to build a 26-storey high-rise at the corner of Bronson and Carling, an Ottawa intersection so busy it constantly roars, day and night, with a grinding, motorized anger. Not surprisingly, nearby residents are concerned.
Choo Communities, an Ottawa-based full spectrum community developer, has introduced reStays to downtown Ottawa’s hotel scene. The intimate boutique hotel has 111 suites. It offers fully furnished studios, one-bedroom and two-bedroom apartments and a series of signature collection suites.
Birks Group is making major moves in the Calgary market with the launch of two store renovations: Maison Birks’ newly renovated flagship store located in the CORE Shopping Centre; and Birks Group’s Brinkhaus Jewellers boutique, which was revealed in September.
VIDEO: Cecilia Williams, chief financial officer, Allied REIT and Tamara Lawson, chief financial officer, QuadReal (BCIMC Realty), discuss the landscape of Canada’s CRE markets with Bloomberg’s Ari Altsetdter, reporter, Real Estate Americas at the Bloomberg Canadian Fixed Income Conference.
Real estate podcasts
Courtney Renaldo, Yardi: Getting energy right, CRE Podcast
Suzanne Sears, Best Retail Careers International: Why many retailers are demanding staff are vaccinated, The Retail Insider Podcast Network
Susi Yu, MAG Partners: Connecting residents to their community, Tenant Experience Network. Season 2, Episode 13
Triple Five Group‘s American Dream shopping centre and entertainment complex in East Rutherford, N.J., unveiled The Avenue, a 300,000-square-foot wing with 20 retailers including anchor Saks Fifth Avenue. Montreal-based GH+A designed the space with the aid of Toronto-based Adamson Associates Architects.
SNC-Lavalin Group Inc. (SNCAF) will speed up its expansion into the United States in the years ahead as it tries to boost sales and profit after a two-year retrenchment. Montreal-based SNC-Lavalin unveiled a new three-year growth plan Tuesday.
Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill that had been set for Thursday, bowing to party progressives who had demanded action on a larger social policy bill first.
Views on the economy, commercial real estate and the industry’s shrinking talent pool were among the topics discussed at NAIOP’s second in-person conference since the pandemic began. CRE.Converge took place this week in Miami Beach, Fla., with more than 1,000 attendees.
TD Canada Trust Thursday became the first of the big six banks to backpedal on its September cuts and take fixed rates back up. TD jacked up its five-year fixed rates by 30 bps on Thursday.
The COVID effect is over. Rental housing markets are on the rebound in major cities across Canada this fall, steadily rising as workers come back to the office and universities and colleges resume in-class learning.
The Rentals.ca Network, Inc. has launched. The initiative includes six Canadian rental marketplaces – Rentals.ca, Rentfaster.ca, Louer.ca, Rentboard.ca, RentCanada.com and TorontoRentals.com. – which its creators say offer the most traffic and leads for landlords to list properties, and listings for renters.
The Real Brokerage Inc., an international, technology-powered real estate brokerage, announced Calgary-based Redline Real Estate Group will join its growing network of agents. Redline has 85 agents and 10 offices in Alberta, Ontario and British Columbia.