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GTA industrial market shifts: Large users now have options
GTA industrial market shifts: Large users now have options
The GTA industrial real estate market is among the largest in North America and has the lowest vacancy rate of any major Canadian or American city. However, unlike a year or two ago, large space tenants now have leasing options.
True North divests four office properties in Ontario, B.C.
True North Commercial Real Estate Investment Trust (TNT-UN-T) has an agreement to sell a three-storey, 90,550-square-foot office building in Burnaby, B.C., in addition to three properties for which it has previously announced sales agreements.
Teachers’ mulls $5B sale of Amica Senior Lifestyles: Report
The Ontario Teachers’ Pension Plan is exploring a sale of luxury senior-living residences Amica Senior Lifestyles, which could be valued at about $5 billion, according sources. Teachers’ took Amica private in 2015.
Owner of three B.C. malls bares soul on China
Weihong Liu, dubbed “the wealthiest woman in Vancouver” and the owner of three new B.C. shopping malls including Tsawwassen Mills, reveals her business ideas, plus a great deal more political intrigue, in a feisty and tear-filled Chinese-language interview.
Zoning approved for 50-, 58-storey T.O. residential towers
Zoning has been approved for two Originate Developments, Westdale Properties and Cameron Stephens Equity Capital towers in Toronto: a 50-storey at Yonge & St. Clair and the 58-storey Jarvis & Earl. Together, they will comprise over 1,400 residential units.
OPINION: The trouble with transit-oriented development
The concept goes like this: Where there is mass transit, we should be adding new people. Good in theory. Instead, TOD spreads out the growth into little artificial islands, very often reinforcing inequalities.
Ottawa builder buys 189 acres in Pembroke, plans housing
Entry-level housing, innovation and social connection will be prioritized in a community planned for a 189-acre tract in Pembroke, Ont., now owned by Ottawa developer Creative Dev Ventures.
Calgary Co-op breaks ground on new Alta. location
Calgary Co-op has broken ground on a 41,000-square-foot store and retail space in the Greystone community of Cochrane. The 2.5-hectare site — expected to be operational by summer 2025 — will include a gas station, car wash and convenience store.
Experts say Indigo needs turnaround as privatization nears
As Canada’s biggest bookstore-turned-gift-giver’s-paradise Indigo Books & Music (IDG-T) edges toward privatization, it’s evident from a stroll around one of its Toronto stores that the retailer knows some things haven’t been working.
Home Hardware Stores celebrates 60th anniversary
60 years ago, Walter J. Hachborn and Henry Sittler laid the groundwork for Home Hardware Stores, which now has over 1,000 stores operating under the Home Hardware, Home Building Centre, Home Hardware Building Centre and Home Furniture banners.
Staples beats recycling targets for batteries, writing tools
Staples Canada says it has beaten its 2025 targets for recycling writing instruments and batteries by one year, helping to process eight million pens and pencils and over 840,000 kilograms of batteries in four years.
RioCan, Killam Apartment two REITs to own
RioCan REIT's (REI-UN-T) properties tend to have stable anchor tenants such as Loblaw, Winners and Dollarama. Killam Apartment REIT (KMP-UN-T) specializes in the Atlantic Canada market, which provides it with an geographic advantage.
OPINION: 'Surviving' Vancouver, in more ways than one
What survives of early Vancouver? And how can residents survive contemporary Vancouver? Those are the questions historian and artist Michael Kluckner delves into in his edgy new illustrated book, Surviving Vancouver.
Real estate podcasts
Brad Keast, Dream: When heritage meets modernity, CRE Podcast
Sophie Wade, Flexcel Network: Advancing workforce innovation, Tenant Experience Network
John Peets, Oxford Properties Group: Hotel-like offices could change your 9 to 5, CRE Podcast
U.S. CRE foreclosures up 117% year-over-year
There were 625 commercial real estate foreclosures in March, up six per cent from February and 117% from the same time last year, according to a new report published by real estate data provider ATTOM.
MCR, BLT complete $632M refinancing of 53-hotel portfolio
MCR and Building and Land Technology (BLT), which has developed more than 25 million square feet of real estate across commercial and residential properties, have closed a $632 million, three-year, fixed-rate financing on a portfolio of 53 U.S. hotels.
Co-working firm Switchyards plans 200-location expansion
Switchyards wants to expand its neighbourhood-focused co-working concept to 200 locations across the Southeast and beyond over the next five years. Switchyards just wrapped up a $5-million round of VC funding that will help fuel an expansion.
WeWork turns to SoftBank, Yardi to fend off Neumann bid
WeWork needs up to $400 million in capital to viably exit bankruptcy, and has been in negotiations with SoftBank and Yardi Systems. Waiting for a possible sale is Flow, the apartment startup founded by former CEO Adam Neumann.
Google job cuts hit real estate division
Google will eliminate positions within its U.S. real estate department, part of a second round of layoffs since January 2023 as the tech giant continues to cut costs and redirect funding.
Amazon CEO talks grocery potential
In his annual letter to shareholders this week, Amazon president and CEO Andy Jassy addressed several aspects of the retail behemoth’s grocery business, including items sold through its website and at its Amazon Fresh and Whole Foods Market stores.
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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