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Upscale retailers to anchor Montreal Royalmount development
Upscale retailers to anchor Montreal Royalmount dev.
The developers of the mixed-use Royalmount property in midtown Montreal have announced a half-dozen upscale retailers, including Louis Vuitton, Gucci, Tiffany and Co., and RH will be among the tenants in its multi-level retail and lifestyle complex.
Downtown Montreal office vacancy could soar: Altus
Office vacancy rates in downtown Montreal could soar to almost 30 per cent in the next five years as more employers cut their real estate footprint on the back of teleworking’s growing popularity, a new Altus Group forecast says.
Tech sector looks south for growth during downturn
At a moment when profit and fiscal prudence carry more gravity among Canadian tech companies than they have since the Great Recession, many of those companies are heeding the call of America.
ONE, Vestcor buy Edmonton site, plan 1M sq. ft. of industrial
ONE Properties and Vestcor have partnered to acquire 41 Business Park, a property in Nisku, just outside Edmonton, where they plan to develop approximately one million square feet of industrial space.
SHEIN opens 170,000-sq.-ft. GTA warehouse and office
SHEIN, a global online retailer of fashion, beauty and lifestyle products, today announced it has opened its new 170,000-square-foot Canadian corporate office and the company’s first distribution facility at 10 Canfield Dr. in Markham.
Embracer shuttering Montreal video game studio
Video game publisher Embracer Group AB is shutting down Onoma, a Montreal-based video game studio it acquired just months ago. Onoma, formerly known as Square Enix Montreal, was part of a large acquisition earlier this year, alongside Eidos Montreal.
Henry Singer signs Edmonton Stantec Tower lease
Stantec Tower, Western Canada's tallest tower, will be welcoming Henry Singer Fashion Group as a new tenant in the coming months. The men's lifestyle destination will occupy over 10,000 square feet in the tower's retail plaza.
Porter Airlines building two Ottawa Airport hangars
The Ottawa International Airport is teaming up with Porter Airlines’ parent company on a $65-million plan to build two new aircraft maintenance hangars totalling 150,000 square feet that will eventually employ hundreds of workers in the capital.
KingSett a GRESB global leader, still aims higher
Already recognized as a worldwide ESG leader by the Global Real Estate Sustainability Benchmark (GRESB), KingSett Capital plans to use that stature as a springboard for greater sustainability successes.
London condo developer seeking a break on fees
Developer S2E Technologies is seeking a break on the fees city hall charged for its west London, Ont., project, saying delays in approving Eve Park's application during the COVID-19 pandemic cost the company $10 million.
3 Canadian REITs under $10 cash cows for passive income
Nexus Industrial (NXR-UN-T) owns and operates industrial, office, and retail properties. Like Nexus, BTB (BTB-UN-T) owns and operates a diverse property portfolio (mid-market office, retail, and industrial). Slate Office (SOT-UN-T) owns and operates high-quality workplace real estate.
Manulife US REIT occupancy slips further in Q3
Manulife US REIT’s (MUST) portfolio occupancy slipped further to 88.1% as of Oct 18, extending a decline from 90.0% as at end-June and 91.7% as at end-March, largely due to Quinn Emanuel’s downsizing of some 71,000 square feet in L.A.
CF, Hines Interests invest $1.3B in Aussie build-to-rent sites
North America-based real estate developers Hines Interests L.P. and Cadillac Fairview will jointly buy and develop up to $1.3 billion Cdn of assets in the Australian build-to-rent sector, the companies said Wednesday.
MTY Food Group buying Wetzel’s Pretzels for $284M
MTY Food Group (MTY-T) has signed an agreement to buy the company that owns the Wetzel’s Pretzels chain for $284 million in cash. Wetzel’s Pretzels has over 350 locations in 25 states in the U.S., in Canada and Panama.
U.S. CRE debt markets hit stormy waters amid rising rates
One year after record lending volume during what appeared a joyous recovery out of COVID, the debt markets began to tighten in the second half of 2022. The culprit: uncertainty over how high the Federal Reserve will raise interest rate.
Investors in T.O.’s assignment market face a murky future
Marketing a condo in Toronto's real estate landscape is tricky, says veteran agent Robin Pope. It’s even more complex in the shadowy corner of the market where people try to unload their obligation to take possession of an unfinished property.
Vancouver home sales down 45.5% year-over-year
The Real Estate Board of Greater Vancouver says home sales continued to plunge in October, falling 45.5 per cent year-over-year and 12.8 per cent from September. October sales totalled 1,903, 33.3 per cent below the 10-year average.
For first time in months, Victoria sales go up
An increase in sales numbers has buoyed Greater Victoria’s real estate market as it weathers the current financial uncertainty. For the first time since May, the number of month-over-month sales has increased, according to the Greater Victoria Real Estate Board.
Calgary sales fall 15 per cent year-over-year
The Calgary Real Estate Board says the city is on track to record a record year for home sales, even as the number of October transactions fell 15 per cent year-over-year.
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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