BentallGreenOak has spent $170 million to acquire a six-building industrial portfolio with 767,564 square feet of gross leasable area on the Island of Montreal. It expects to close on a seventh building in the Camco portfolio by year-end.
TAKOL Real Estate Inc. has specialized in selling industrial condominiums in the GTA since its inception in 2015, and is now moving on to its first ground-up development, a 420,000-square-foot property in Milton.
After occupying one of the most recognizable spots on the North Vancouver waterfront for over 40 years, the Insurance Corp. of British Columbia announced Thursday it plans to vacate its 300,000-square-foot head office in the next three to five years.
The Equiton Residential Income Fund Trust has acquired a recently built multiresidential property in Sherwood Park, Alta., for $27.75 million. This acquisition marks Equiton’s entrance into Western Canada in keeping with its strategy to geographically diversify its portfolio.
H&R REIT (HR-UN-T) proposes to transform the Canadian Pacific Building at 69 Yonge St. by adding a 20-storey modern addition to the landmark Edwardian-style proto-skyscraper. The Partisans-designed building would include 127 condominiums, plus 14,650 square feet of commercial space.
DC Dev Corp seeks to redevelop 450 Richmond St. W. with a 19-storey condo. The site, currently a parking lot, is steps away from the future Queen-Spadina station on Ontario Line 3. The architects—Alliance-designed proposal would offer 116 residential units.
To help the Esquimalt and Songhees First Nations redevelop the Rock Bay land they purchased from B.C. Hydro this year, the City of Victoria will develop a revitalization program that could include a property tax exemption for up to 10 years.
Despite the numerous lawsuits against it, the Montreal Metropolitan Community (CMM) will adopt an amendment to its interim control by-law to protect three other golf courses on its territory from being converted into green space.
Circle K parent Alimentation Couche-Tard Inc. (ATD-A-T) gets about half of its gross profit from fuel, hardly an ideal situation with a shift toward electric vehicles. That has CEO Brian Hannasch pondering how to kick-start the company’s fresh food business.
The largest Canadian Tire store in Canada is now open at Ottawa’s Carlingwood Shopping Centre. As Canadian Tire celebrates its 100th birthday this month, the 135,000-square-foot store opened in a former Sears location.
Restaurants in Canada are raising prices, shrinking menus and reducing hours in a bid to survive inflation and labour shortages. Union Local 613 on Ottawa’s Somerset Street is navigating these challenges by “playing the long game,” says owner Ivan Gedz.
Lendlease and Ivanhoé Cambridge have broken ground on FORUM, a $500 million life sciences project in Boston. Scheduled for completion in 2024, the 350,000-square-foot building is the first life sciences development partnership between the two companies.
The world’s highest residential apartment has hit the market for $250 million. Located 1,416 feet above New York City at the Central Park Tower, the luxury penthouse boasts seven bedrooms, eight bathrooms and three powder rooms, in 17,500 square feet of living space.
From his skyscrapers to golf resorts, Donald Trump allegedly manipulated the value of a range of assets that inflated his net worth for years and defrauded banks, insurance companies and the Internal Revenue Service, says New York AG Letitia James.
WSP Global Inc. (WSP-T) announced the completion of its acquisition of two U.K.-based businesses: Capita Real Estate and Infrastructure Ltd. (Capita REI) and GL Hearn Ltd. (GLH), both owned by Capita plc.
Toronto’s real estate market has entered its biggest slump in decades, yet some properties are generating a surprising amount of competition. A three-bedroom bungalow in the Wexford-Maryvale neighbourhood recently drew a startling 57 offers. It sold for $390,100 above the $629,900 asking price.
Individuals, couples or young families used to think of their first homes as “starter properties,” which they would later upgrade for more space, essentially climbing metaphoric property ladders until settling on forever homes later in life.
At the peak of the house selling boom in March the average selling price in the Windsor Essex area was $723,739. It was down to $520,634 last month, according to the Windsor Essex County Association of Realtors.
While there’s a general consensus among planners and politicians that increasing the density of urban developments is a healthy way to grow, there is disagreement about what laws and regulations are needed to encourage the right types of intensification.