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Vacant for 6 years, Calgary's former Nexen tower gets new life
Vacant for 6 years, Calgary's former Nexen tower gets new life
The class-A former Nexen office tower in downtown Calgary, which has basically been vacant since 2019, has a new life with a recent renovation of its main floor and +15 level and leases with two significant new tenants.
Sunray Group buys Toronto's luxury Bisha Hotel
Sunray Group has acquired downtown Toronto’s Bisha Hotel from Lifetime Developments and INK Entertainment Group for an undisclosed price and will convert it into the first Canadian location for Marriott’s The Luxury Collection brand.
Hudson’s Bay likely to close half its stores in restructuring
Canada’s oldest retailer is working on a restructuring plan that could keep roughly 40 of its 80 Hudson’s Bay stores open, if the company can secure financial assistance from its landlords and mall owners.
A long time coming: The trouble at Hudson’s Bay
Hudson’s Bay, one of Canada’s most iconic department store chains, has officially filed for bankruptcy protection. While this may come as a surprise to some, for many in the retail industry, the move has been long anticipated.
42-storey residential tower revises Markham redev.
Hilton Markham Suites Hotel Ltd. has submitted revised plans for Phase 1 of the Markham Suites redevelopment, proposed as a 42-storey residential tower. The entire site occupies a 41,204-square-metre parcel in the Markham Town Centre.
The accidental developer leading the Downsview project
In 2018, the Public Sector Pension Investment Board bought the 400-acre airfield and manufacturing site at Downsview from Bombardier for $816 million, established Northcrest Developments, and then installed Derek Goring as CEO in May of 2023.
Industrial Heartland attracting investment to Edmonton
Alberta’s Industrial Heartland is a designated industrial zone northeast of Edmonton, created over 20 years ago and comprised of over 580 square kilometres of land earmarked for industrial operations. Its ongoing growth and stability continues to interest global investors.
Edmonton should say no to subsidizing Daryl Katz — again
OPINION: Last week, Edmontonians were surprised to learn of an agreement between the City of Edmonton, the Government of Alberta, and OEG Sports and Entertainment, formerly Oilers Entertainment Group, regarding the extension of the Capital City Downtown Community Revitalization Levy.
Toronto's Lawrence Plaza faces redevelopment after 70+ years
A neighbourhood staple that has served Toronto’s Bathurst and Lawrence area for over 70 years could soon vanish. RioCan REIT is planning to redevelop its Lawrence Plaza property opened in 1953 as the city’s first suburban shopping centre.
Samsung Canada opens store at Scarborough Town Centre
Samsung Electronics Canada has unveiled its latest Samsung Experience Store at the Scarborough Town Centre in Toronto, reinforcing the brand’s commitment to expanding its retail presence in Canada. The new store aims to provide customers with an immersive, hands-on experience.
Toys 'R' Us on Broadway in Vancouver to permanently close
The longstanding Toys ‘R’ Us store on West Broadway in Vancouver will soon close, marking the end of nearly three decades of operation. The store has been an anchor business in the area since it opened in the late 1990s.
Free retail space offered at Vancouver's Bentall Centre
The owner of the Bentall Centre complex, one of the largest office complexes in downtown Vancouver, has launched the Buy B.C. Initiative. The program offers half a year of free commercial retail space to select local small businesses.
Proponent of Kingston soccer stadium withdraws proposal
The plan to bring a soccer stadium to the Memorial Centre, valued at up to $50 million of private sector funding, has been cancelled by the proponent. The project was vehemently opposed by residents and groups using the property.
Buy Canadian: Two REITs to ride out the tariff turbulence
For a buy Canadian strategy, we looked at two real estate investment trusts that are largely insulated from the chaos. Both are based in Canada, have little to no direct exposure to the United States and pay steady cash flow.
Are Canadians saying 'goodbye' to Florida?
In the U.S., more than a quarter of Canadian tourism spending went to Florida last year. “Protecting the American People from Invasion” is a Trump executive order which has gone under the radar but may target Canadian travellers to Florida.
Canada is a supercomputer laggard, needs to change
Simon Fraser University’s water tower building has a 1960's control centre that feels like a museum of computing technology yet in the same building there is a 7,800-square-foot high-performance computing centre with one of Canada’s most powerful supercomputers.
U.S. states are proposing tougher rules for data centres
From a Georgia bill that would pin data centres with higher power costs, to proposed sustainability mandates in California, 2024 saw a dramatic increase in legislation and other initiatives from state governments focused explicitly on data centres.
Rocket Companies to acquire Redfin in $1.75-billion deal
Detroit-based Rocket Companies, a platform consisting of mortgage, real estate and personal finance businesses, plans to purchase Redfin, a leading digital real estate brokerage, in an all-stock transaction for US$1.75 billion of equity value.
The 'battle' to complete largest U.S. office-to-res conversion
New Yorkers could be forgiven for thinking there’s a new building at the tip of Manhattan. The tower at 25 Water St. is 10 floors taller than when it housed a supercomputing facility and back office for JPMorgan Chase.
Couche-Tard holds talks for U.S. shops sale in Seven & i deal
Canada’s Alimentation Couche-Tard Inc. has held “exploratory discussions” with buyers for any U.S. stores that would need to be divested to secure regulatory approval for a potential takeover of Japanese rival Seven & i Holdings Co.
Industry Events
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Western Canada Apartment Investment Conference
Apr 22 2025
Vancouver Convention Centre
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Vancouver Real Estate Forum
Apr 23 2025
to Apr 24 2025
Vancouver Convention Centre
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Edmonton Real Estate Forum
May 27 2025
to Feb 27 2025
Edmonton Convention Centre
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Sep 08 2025
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Sep 15 2025
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Halifax Convention Centre
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