Bonnis Properties principals Kerry and Dino Bonnis have proposed a 16-storey, Perkins&Will-designed office building in the heart of downtown Vancouver. What could hold the development back, however, is that its 260-foot proposed height is far beyond the 90 feet zoning allows.
On the eastern edge of downtown Vancouver, QuadReal Property Group‘s redevelopment of the former Canada Post site on Georgia Street signals what is being seen as an eastward migration of Vancouver’s commercial real estate.
43 per cent of the office space under construction in four of Greater Victoria’s suburban markets (Langford, Colwood, View Royal and Sooke) has been pre-leased, according to CBRE Group’s first Victoria office report. Office vacancy rates have fallen to 6.8 per cent.
Cornwall-based developer Weaving Baskets Group said it has acquired the 250,000-square-foot Cornwall Square shopping centre to complement its portfolio of local properties, which includes the Seaway Shopping Centre. The two-level mall was built in 1979 and features more than 60 tenants.
Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate
The Pembina Institute has launched its Reframed Initiative to accelerate retrofits to help Canada meet its net-zero emissions target by 2050. The company has dropped energy from the deep energy retrofit labelling as one of the key components of the initiative.
A four-building, 740-unit, $300-million eco-friendly seniors’ housing project is coming soon to the quaint suburb of Ste-Anne-de-Bellevue on Montreal’s West Island. The municipality announced the $12.5 million sale of land beside Ste-Anne’s Hospital on Anciens-Combattants Blvd. to developer Dev Meta.
The Algonquins of Ontario group’s partner at the Tewin community, Taggart Group, owns the most land on the identified area of Ottawa’s fourth suburb. Taggart has acquired more than 1,500 acres on the site and just beyond what’s currently allocated.
Commercial landlords will be expected to verify requisite vaccinations of any building personnel, including contractors and subcontractors, who enter into premises the Canadian government leases by Oct. 29, more than two weeks before the federal public service COVID-19 vaccination mandate.
The GTA has been the flagship for Canadian growth over the past 50 years, but while regions like York and Peel have seen incredible growth, investments in transit connecting to the City of Toronto have been lacking. Urban Toronto: Part I
When the pandemic hit, troubled book and lifestyle chain Indigo was forced to rely on online sales for 100 per cent of its revenue. However, while other retailers suffered, Indigo’s online sales soared — more than doubling during the pandemic, to $370 million.
The White House said Wednesday it has helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-days-a-week operation, part of an effort to relieve supply chain bottlenecks and move stranded container ships driving prices higher.
Home Depot (HD) shares traded lower Friday, with its smaller rival Lowe’s (LOW) following suit, after analysts at Loop Capital cut their ratings on both companies, citing ‘significant’ supply chain risks for the home improvement retailers.
New York City’s office buildings saw their first decline in property values in over two decades as the pandemic shuttered businesses and sent thousands of workers home, raising serious questions about the health of the city’s finances.
“In a worst-case scenario, the house price decline over the next three years is estimated to be about 14% in advanced economies and 22 per cent in emerging markets,” says Tobias Adrian, director of the IMF‘s Monetary and Capital Markets Department.
KingSett Capital announced the expansion of its lending program with five- and 10-year term Canada Mortgage and Housing Corporation-insured mortgages. This program will support the financing of multifamily market rental, affordable rental, student housing and seniors’ residences.
Fengate Asset Management, The Hi-Rise Group, SG Constructors and the Labourers’ International Union of North America announced the ground-breaking of a mixed-use development at 75 James St. in Hamilton featuring 500-plus residential units as well as office and heritage space.
Q4 Architects has unveiled the design of a new rental townhome community coming to the Creekwood Chappelle neighbourhood of Southwest Edmonton. One of the first purpose-built rental communities in the neighbourhood, over 30 per cent of the suites will be affordable.