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Madison Group plans four 58- and 61-storey Toronto towers
Madison Group plans four 58- and 61-storey Toronto towers
Madison Group plans to develop four mixed-use towers on two Eglinton Avenue East sites in Toronto that would stand 58 and 61 storeys, combine to provide 2,364 homes, and offer over two million sq. ft. of space.
Blackstone's takeover of Tricon Residential gets final OK
Blackstone’s take-private bid for one of the largest Canadian owners of residential and multifamily property, Toronto-based Tricon Residential Inc., has received the final regulatory approval and is scheduled to close on May 1.
Seven new ‘supertall’ buildings are coming to Toronto
Toronto’s breathtaking skyline, with looming towers neatly stacked like Tetris pieces on Lake Ontario shoreline, is one of the city’s largest attributes. It's about to radically change. By 2030, at least seven “supertall” skyscrapers are planned for Canada’s busiest downtown.
Rogers to sell data centres, other real estate to pay debt
Rogers Communications is listing its data centres for sale in an effort to raise a billion dollars as the company moves to pay off debt related to the Shaw merger, CFO Glenn Brandt told analysts on a Q1 earnings call.
Sam Mizrahi files lawsuit against Edward Rogers RE fund
Real estate developer Sam Mizrahi has filed a lawsuit against Edward Rogers and Constantine Enterprises Inc. - the real estate fund Rogers owns - regarding an alleged $30-million loss on a condo project at 128 Hazelton in Toronto.
 | Trez Capital The time is now: An opportunistic sweet spot for alternative lenders in 2024Changes in Canada’s commercial real estate sector have reached a tipping point, ushering in a more beneficial and opportunistic market for alternative lenders. Sponsored by: Trez Capital |
King's Town subdivision now for sale in Kingston
A new subdivision in Kingston's north end is now on the market. In addition to being zoned for townhouse residential use, the property could be used for an apartment building, community centre, child care centre, schools and other public buidings.
A multi-tower plan for a Kanata North project for 2025
Main and Main Developments wants to transform a 13.6-acre site in Kanata North in Ottawa into a cluster of mid- and highrise buildings with over 2,000 residential suites. It hopes to break ground next year.
Major Fiera Capital shareholder to sell stake in company
Money and asset manager Fiera Capital Corp. is losing one of its largest shareholders. Desjardins Financial Holding Inc., an indirect wholly owned subsidiary of Fédération des caisses Desjardins du Québec, plans to sell its 6.8-per-cent stake in Fiera.
Slate Office REIT acknowledges resignation of trustee
Slate Office REIT (SOT.UN-T) an owner and operator of workplace real estate, has acknowledged receiving notice from trustee Jean-Charles Angers that he is declining to stand for re-election to the REIT’s board of trustees.
 | The Industrial Real Estate Show Investing in Canadian industrial real estateChad GriffithsPartner, NAI Commercial |
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year is being felt. Lethbridge has 4.1 per cent vacancy rate in Q1 but space under construction has declined.
One year later, no answers on evacuated Langford high-rise
Ashley MacDonald has been waiting a year for answers about why she and other residents of a Langford high-rise had to move out with little notice after the city building’s occupancy permit was revoked from owner Centurion Property Associates Inc.
Edmonton retail leasing market grows and expands: JLL
There is increased demand for retail space in Edmonton amid slowing retail sales, according to JLL's Edmonton Retail Insight Spring 2024 report. The retail leasing market has seen increased net absorption and consistent leasing volumes.
SWTCH raises $37.3M for EV charging innovation
SWTCH Energy Inc., a Toronto-headquartered company behind electric vehicle (EV) chargers and software for multiresidential and commercial buildings, has raised $37.3 million to advance the technology behind its solutions.
Equifax testing rental payment data for credit scores
Equifax Canada says it’s been testing small volumes of rental payment data for a while, and has found that including “alternative data” could establish or enhance the credit scores of about five million Canadians.
U.S. commercial lending imploded 47 per cent in 2023
In 2023, total CRE mortgage borrowing and lending was estimated at $429 billion, a 47 per cent decline from $816 billion in 2022 according to Mortgage Bankers Association's 2023 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
Kroger, Albertsons unveil updated $2.9B divestiture plan
In response to concerns raised by federal and state antitrust regulators, The Kroger Co. and Albertsons Cos. Inc. have amended their definitive agreement with C&S Wholesale Grocers LLC for the sale of assets in connection with their proposed merger.
IOS real estate primed by port values and inland growth
The flood of new capital into industrial outdoor storage has retreated from the recent boom due to today’s cost of debt. But long-term buyers and specialized investors see the next year as one filled with buying opportunities.
Top U.S. residential and transportation terminal projects
The accompanying tables show the Top-10 largest upcoming residential and transportation terminal construction projects in the U.S. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.
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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