Nicola Wealth Real Estate has, rather quietly, acquired five Canadian and U.S. properties this year adding about a half-billion dollars in assets to its portfolio. “Nicola Wealth Real Estate is aggressively pursuing acquisition opportunities,” Nicola’s Alex Messina told RENX.
Google parent company Alphabet Inc. and affiliate Sidewalk Labs are partnering with the Ontario Teachers’ Pension Plan to launch a new company that invests in North American infrastructure. Sidewalk Infrastructure Partners, plans to hold, operate and invest in advanced infrastructure.
For 236 years, the name Molson has watched over Montreal’s Centre-Sud neighbourhood, from the area’s earliest days as an agricultural plain to its evolution into a workers’ village, a manufacturing hub, a postwar ghetto, and eventually, a lively gay village.
Allowing property owners to use secondary suites as short-term rentals would encourage more landlords to convert to Airbnb-style rentals and exacerbate an already tight rental market and high rents, Toronto’s seven-day Local Planning Appeal Tribunal (LPAT) was told Thursday.
The odds are against the future of department stores. They are overstored, slow to change and underwhelming in service. Selling to price- and product-knowledge-conscious consumers is a challenge, with no visible pullback by those who choose to shop online.
Finning International Inc. (FTT-T ) chief executive officer Scott Thomson has this advice for other executives looking at the ongoing chaos surrounding global trade: “Your views need to change every six months.”
L.L. Bean can’t fit its entire catalogue into its 13,000-square-foot store in Oakville, so it has curated its collection using years’ worth of data. CEO Stephen Smith said until it gets it right, it will not open another Canadian store.
Forever 21 is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, sources say. The company has been in talks for additional financing and working with a team of advisers to help it restructure.
The ambitious plans to expand the Vancouver region’s subway system to the University of British Columbia and Langley will get a significant boost from money committed by UBC and from development fees, says TransLink‘s Kevin Desmond.
Genesis Land Development Corp. reported it has entered into a firm purchase and sale agreement for the acquisition of approximately 130 developable acres of future residential development land in north Calgary for $23.7 million.
One of the best residential real estate investments is Northview Apartment REIT (NVU-UN–T). Northview is one of the largest real estate investment trusts in Canada. Its portfolio consists of over 27,000 residential units and 1.2 million square feet of commercial space.
REOC second-quarter financial results
American Hotel Income Properties REIT (HOT-UN-T) announced it has recently completed approximately US$1.5 million of renovations at the Residence Inn by Marriott Chattanooga near Hamilton Place (Tennessee). Four other U.S. hotels in AHIP’s portfolio are currently under renovation.
Opportunity Zones have much to offer to investors as well as underprivileged communities. This unique market-based approach to spur low-income development has already had substantial positive impacts on development levels and property values in many cities across the U.S.
Construction has begun on a soaring tower that will become Japan’s tallest skyscraper. The ambitious Toranomon-Azabudai project, in central Tokyo, aims to be “a city-within-a-city,” according to the scheme’s developers. The tallest of three towers will reach 1,083 feet.
An increasing number of home buyers expect a U.S. recession in the next three years, according to new data from realtor.com. More than half of current home shoppers expect to put their home search on hold until the economy recovers.
B.C.’s housing sales cycle has gained traction, according to the latest Canadian Real Estate Association data. Muliple Listing Service sales rose in all regions in July with provincial sales up nearly 14% from June to a seasonally adjusted 6,650 units.
Home Buying in 2019 Is Hard Work is a new report issued by Mortgage Professionals Canada (MPC). This report investigates the thinking and weighted considerations of first-time home buyers in Canada in light of recent economic conditions, and decisions by policymakers.
Half a kilometre west of Eglinton and Kipling in the borough of Etobicoke, Park Property Management has submitted a rezoning application proposing a pair of infill rental buildings to accompany two tower-in-the-park rental towers that currently make up 63 Widdicombe Hill.
RENX in Review: Our Top Stories This Week
Most Viewed: The battle between wood and concrete construction
Editor’s Pick: Panattoni launches spec Oshawa industrial development
Office transaction: Montreal tech hub O Mile-Ex sold to Spear Street Capital
ICYMI last week: Greenland Group building Toronto’s East Bayfront