The first two condominium towers have been topped off and two more are under construction, but there’s still a lot more to come at the M City development in Mississauga.
De Havilland Aircraft of Canada on Wednesday unveiled ambitious plans to build a major airplane manufacturing complex and aerodrome in Wheatland County, Alta., approximately 30 minutes east of Calgary. The project, to be built on 1,500 acres, will include its head office.
Architect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP
After 14 years, the Alberta Investment Management Corp. finally has a footprint in the province’s economic centre. AIMCo opened its second Alberta office on Wednesday on the 17th floor in the third tower of Bow Valley Square in downtown Calgary.
Yardi serves clients in every real estate market, across Canada, the U.S., and the world. From Saskatoon to San Antonio to Stuttgart, the question on their minds is remarkably similar: What does a return to the office look like . . .
Ottawa council has voted against two proposed development projects — a proposal to build two four-storey residential buildings on Steacie Drive in an industrial business park in Kanata North and Welldale Limited Partnership’s 16-storey proposal in Hintonburg.
Cartareal has applied to tear down the 1958-built former Shell Oil Building at 505 University Ave., and replace it with a 64-storey tower with 704 condominium units – 400 one-bedrooms, 233 two-bedrooms and 71 three-bedrooms – and 268,226 square feet of office space.
Streetcar Developments is proposing to revive a block of buildings constructed from 1889 to 1890. The plan from Giaimo would fuse the block at 641-653 Queen St. E. with a modern nine-storey rear addition with 85 condo units and 8,686 square feet of retail.
After the October civic election, Crombie REIT and Westbank will propose taller building heights for their Broadway Commercial project near Vancouver’s SkyTrain Commercial-Broadway Station. Added density will increase the number of homes from 653 to 894 units.
Kitchen Hub, Canada’s first virtual food hall, has opened its fourth location inside Longo’s Liberty Village. This opening marks the first ghost kitchen concept to open inside a grocery store in Toronto — and the first of its kind in Canada.
G2S2 Capital announced its wholly owned subsidiary has increased its ownership of of Slate Office REIT‘s outstanding units to 14.34%. On Monday, Armco Alberta acquired 234,900 units of Slate Office at a price of $4.46 per unit, representing approximately 0.29% of the outstanding units.
A building on the Champs-Elysees changed hands for more than $600 million US, a record for a CRE transaction on the landmark Parisian avenue. The Cheval Paris fund, managed by Mimco Asset Management, has Canadian fund Brookfield as a backer.
Pontegadea Inmobiliaria, the family investment company of Zara owner Amancio Ortega, recently acquired seven U.S. distribution facilities for nearly $1 billion. The deals reflect a pattern of family office investors switching their focus from office properties to logistics facilities.
Long seen as a potential saving grace for battered retail centres, movie theatres have been well-trafficked destinations that could draw crowds to nearby stores and restaurants, but as major theatre chains struggle, these big boxes could instead become redevelopment targets.
The “massive” correction to China’s CRE market may have at least another two years to run, according to HSBC Holdings CEO Noel Quinn. HSBC said last month it would take further charges against its $12 billion-plus of exposure to China’s CRE.
The Teranet–National Bank National Composite House Price Index fell 2.4 per cent from July to August. It was the largest monthly decline recorded since the index started in 1999. On an adjusted basis, the index fell a record 2.1 per cent month-over-month.
The GTA new home market slid in both the number of sales and inventory levels in August, falling well below 10-year averages, the Building Industry and Land Development Association (BILD) announced on Thursday.
The Daniels Corporation officially began construction on Daniels on Parliament, the final condominium within the third phase of the Regent Park revitalization. The condominium will feature two towers, at 25 and 10 storeys, rising from a shared podium.
Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot market, says the National Association of Realtors.