Skydevco, the new real estate development division of Skyline Group of Companies, has “expansive” plans for multifamily projects in several Ontario cities. Among them is a 25-storey development in downtown Guelph, including retail and office space in the podium.
Fengate Asset Management and Freed Developments Ltd. announced the joint acquisition of a 5.4-acre, transit-oriented and mixed-use site with development entitlements in Toronto from Allied Hotel Properties Inc. (AHP-X).
Loblaw (L-T), which operates the Provigo and Maxi supermarket chains in Quebec, will close its warehouse on Avenue Francis-Hughes in Laval. The 550 employees learned Tuesday morning the grocer will transfer the distribution of dry food to a subcontractor in Ontario.
Nexus REIT (NXR-UN-X) announced it has entered into an unconditional agreement to acquire three single-tenant industrial properties in Regina and Saskatoon, totaling 231,700 square feet of gross leasable area. The three-property portfolio will be acquired for $17.4 million.
The Lincoln Alexander Centre is for sale — again. A listing for the downtown Hamilton building named after Canada’s first black Member of Parliament includes as asking price of $3.7 million for the 21,438-square-foot property on King Street East.
According to coworker.com, there are more than 350 coworking spaces in Canada, with Montreal, Toronto and Vancouver as the top markets. On a global scale, the 2019 Deskmag global coworking survey results estimated that, by the end of 2019, there
Reliance Properties wants to build a 29-storey office tower in downtown Vancouver where a six-storey parkade currently sits. The rezoning application proposes street-level commercial space, office space on the second to 29th floors, and a height of 337.5 feet.
The City of Winnipeg is suing individuals linked to the construction of its beleaguered police headquarters, accusing them of knowingly inflating the cost of the project. The lawsuit names Caspian Projects Inc., Armik Babakhanians and Triple D Consulting Services.
A pothole-plagued, sidewalk-deprived section of 105th Avenue north of downtown Edmonton will finally get fixed after city council agreed to move ahead with the $16-million project. The plans to revitalize 105th Avenue started more than a decade ago.
The family which owns the Waterfront Hotel and Marina in Nanaimo is proposing to dismantle the 45-year-old building and replace it with a 10-storey waterfront hotel designed in a contemporary style.
Quebec-based builder Broccolini has launched a public art contest inviting artists to submit ideas to cover a massive outdoor wall at its $140-million Maison Radio-Canada project in Montreal.
Long before it was called “athleisure” and before Lululemon was selling $75 stretchy pants, Roots (ROOT-T) made it fashionable to pay a pretty penny for sweatpants. However, behind the brand’s cozy image of nostalgic Canadiana, a corporate crisis has been brewing.
It is 4 p.m., precisely a week before Christmas at a Hudson’s Bay (HBC-T) store at the corner of Yonge and Bloor in downtown Toronto. The area is one of the city’s biggest shopping destinations, but the Bay is dreary.
Home decor and furniture retailer Pier 1 Imports Inc. (PIR-N) said on Monday it plans to close up to 450 stores, cut jobs and warned about its ability to continue as a going concern.
French REIT Covivio is buying a portfolio of eight European hotels for $870 million Cdn, according to the seller Värde Partners. The full-service independent hotels have on aggregate over 1,100 rooms located in Rome, Nice, Budapest, Prague, Florence and Venice.
Royal Bank of Canada CEO Dave McKay says the federal government needs to exercise caution as it considers adjusting the mortgage stress test that has loomed over the housing market and rankled the real-estate industry.
December 2019 residential sales reported through TREB’s MLS System by Greater Toronto Area realtors were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade-low 78,015 sales reported in 2018.
The next-door neighbours are enormous warehouses belonging to international conglomerates. There is a stop for a bus that passes during peak hours only, but no sidewalks along the wide, windswept boulevard used by a steady procession of transport trucks.
If you’ve been rejected from booking an Airbnb rental, it may be because the app’s artificial intelligence determined that you’re a psychopath. Airbnb owns the rights to software that’s designed to scan people’s online presence.