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Toronto's first Toor Hotel to open in mixed-use apartment tower
Toronto's first Toor Hotel to open in mixed-use apt. tower
Manga Hotel Group is in final preparations to open its first Toor Hotel in Toronto, featuring 232 rooms, and to begin marketing 181 purpose-built apartments in its new 33-storey 203 Jarvis St., tower.
Balancing the privilege, challenges of family dev. succession
When one looks around B.C.'s Lower Mainland, there are some familiar names behind some of the development and real estate businesses in the region: Aquilini, Gaglardi (Northland Properties), Bosa, Chard and Illich (Townline Development), to name a few.
Galleria SC site becoming masterplanned community
Since 1972, Galleria Shopping Centre has stood at the intersection of Dupont and Dufferin streets. Now, Almadev is transforming the site into a masterplanned, mixed-use community, Galleria on the Park with nearly 3,000 units, an eight-acre park, and a community centre.
London Drugs temporarily closes stores due to cyberattack
Retail and pharmacy chain London Drugs says it was the "victim of a cybersecurity incident" Sunday and has shuttered its stores across Western Canada until further notice out of "an abundance of caution" as soon as the attack was discovered.
Kingsgate Mall celebrates 50 years, future in jeopardy
2024 marks 50 years since Kingsgate Mall opened in Vancouver's Mount Pleasant neighbourhood. But a legal battle between Beedie, which leases the site, and its owner the Vancouver School Board, could put the mall's future in jeopardy.
Demos without substantial development resets U.S. retail
A great recalibration of the country’s retail footprint has been underway for years, as bankruptcies have roiled some of the most beloved stores and restaurant chains. Now, as other CRE sectors stumble and slow, retail has stabilized as a result.
Founder of Freshii suing company that bought the chain
Freshii founder Matthew Corrin is suing the company that bought his healthy-food chain seeking at least $2.5-million in damages from Foodtastic Inc., a privately held Montreal company that purchased Freshii in a $74.4-million deal in 2023.
Fashion brand Ted Baker Canada files for creditor protection
The proprietors of high-end fashion retailer Ted Baker Canada have filed for creditor protection, claiming the brand’s operations are struggling and failing to “achieve a positive cash flow.” The applicants also operate Lucky Brand and Brooks Brothers stores in Canada.
Triovest aspires to standardize sustainability in Canada
Triovest, a Toronto-based real estate investment management company, wants to make its sustainability planning the standard for the industry by sharing insights for every property in its portfolio with its peers.
Vancouver leads the way making large buildings greener
OPINION: In February, the City of Vancouver became the first Canadian city to regulate greenhouse gas emissions produced by large buildings when it began implementing its Annual Greenhouse Gas and Energy Limits. Our companies have collectively decarbonized 20 large buildings.
Residential flood risk on the rise in Canada: Intact Centre
Ten per cent of Canada’s housing is uninsurable for overland floods, the Intact Centre says in its latest report Flood Risk Check-Up For Canadian Municipalities: Tackling Flooding Together, sounding the alarm for municipalities and the housing industry to take preventive steps.
Fire leaves plans for Edmonton's Hangar 11 site in limbo
Big in scale and historic significance, the World War II building that went down in flames a week ago involved some huge commitments. In 2021, Architure Inc. and Tim Antoniuk bought the three-acre Hangar 11 property for $1.5 million.
Northcrest seeks ideas to activate Downsview Airport Lands
Northcrest Developments, the lead developer reimagining the 370-acre Downsview Airport Lands, calls for artists, programmers and event producers to help bring the site to life. In Beyond the Tarmac, Northcrest offers up to $100,000 in funding.
Workers, unions recognize Day of Mourning in Woodbridge
The National Day of Mourning is April 28 and this weekend ceremonies took place across Canada in memory of workers who have lost their lives, suffered injuries or faced illnesses because of workplace incidents.
Self-storage slides with declining rents, abandoned projects
Self-storage, an early pandemic wunderkind in commercial real estate, continued its steady decline in March, with rents dropping 4.5% annually, according to Yardi Matrix. Rents hit $16.25 per SF, showing declines for both climate-controlled and non-climate-controlled properties.
KKR acquires 19 student housing assets for $1.6B
KKR is buying a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust (BREIT) for $1.64B. The assets, which include more than 10,000 beds, serve 14 four-year public universities in 10 states.
Jesse Stein transitions from fighter jets, NFL to Airbnb CEO
Since joining Airbnb in 2020, Jesse Stein has been helping guide the hospitality giant amid its most tumultuous period. He’s working to bridge the gap between Airbnb and landlords by piloting an Airbnb-friendly apartment program and building branded residences.
Microsoft, Google, Meta to raise data centre spending
Even after more than a year of unprecedented spending on the data centres and information technology equipment to support AI, tech giants Microsoft, Google and Meta have all indicated they will spend billions more on developing AI infrastructure.
San Francisco's office prices may have hit bottom
Positive momentum from local and out-of-state investors in San Francisco’s office investment market over at least nine months has helped reset pricing and inspired newfound hope in the beleaguered property sector, but the glut of unoccupied office space remains.
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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