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The rise of super-tall towers: Mansoor Kazerouni of Arcadis

2 weeks ago

The rise of super-tall towers: Mansoor Kazerouni of Arcadis

Super-tall residential towers — generally classified as exceeding 300 metres or 70 storeys — are becoming more common in Toronto and around the world. Mansoor Kazerouni of Arcadis says Toronto is just scratching the surface of what's possible in the realm.

Oxford Properties considers $700 million bond sale

Oxford Properties is readying a $700M bond sale maturing between four and seven years, according to Bloomberg sources. Initial discussions called for a yield for the shorter-dated portion at as much as one percentage point above government benchmarks.

Institutions flirt with premium offices in Vancouver

Canadian institutional clients may be gearing up to re-enter the Vancouver office market, potentially squeezing out foreign groups enticed by higher cap rates. Foreign buyers are still in the market and remain interested, said Michael Emmott of Avison Young.

'Price correction' hits Ontario, B.C. housing markets in April

Home prices continued to fall in April though a recovery may be imminent. The Teranet-National Bank Composite House Price Index, which monitors Canada’s 11 largest metropolitan areas, fell by 1.5 per cent from March to April.

Inside the supertall-to-be 'SkyTower' at Pinnacle One Yonge

A walkthrough, guided by representatives from Pinnacle International, Hariri Pontarini Architects, and others from the project team, revealed in detail the engineering, envelope and energy systems behind what will be Canada’s tallest building.

Wall proposes towers 4 times higher than area plan allows

An application from Wall Financial for a Moodyville project proposes upping tower heights from 49 feet to 180 feet and doubling the allowed density. The Trails project would include nine buildings with a total of 926 units.

Judge OKs sale of Lion Electric to Chiara-led group

Bankrupt electric bus and truck maker Lion Electric Co. will live on after a Quebec judge approved its sale to a consortium of Quebec-based investors. Judge Michel Pinsonnault of the Quebec Superior Court approved a reverse vesting order.

The ‘New Bay?’ Weihong Liu shares plans on social media

British Columbia-based billionaire mall owner Weihong Liu is still looking to purchase dozens of Hudson’s Bay store leases, despite losing the bid for the retailer’s intellectual property to Canadian Tire. 

Canadian retail sales near $70B in March: StatCan

Retail sales increased 0.8 per cent to $69.8 billion in March. Sales were up in six of nine subsectors and were led by increases at motor vehicle and parts dealers, according to a report released Friday by Statistics Canada.

Chilliwack’s Cottonwood Centre sells on retail strength

Strong sales performance following significant reinvestment has driven the sale of Cottonwood Centre in Chilliwack to Vancouver-based Finix Holdings. The shopping mall sold at the end of April for a price estimated at close to $120 million.

Familiprix to launch aging in place-focused stores

Familiprix pharmacy group is establishing a network of large-scale stores and boutiques specializing in the equipment needed to support sick and aging people at home. It will include five autonomy centres of 10,000 to 15,000 sq. ft., and 25 stores.

Trump's tax bill threatens major increases for Canadian firms

U.S. President Donald Trump‘s new tax bill is threatening to significantly hike rates for Canadian corporations and could cost investors holding U.S. securities up to $81-billion in additional taxes over seven years.

New tax twist for multifamily rental buildings in Ontario

Two different property tax rates could apply to the same multifamily building for the 2026 tax year in Ontario. A pending change would allow municipalities to reduce property tax rates on affordable rental units by up to 35 per cent.

Small business confidence goes up, price plans go down

Long-term small business confidence is slowly regaining lost ground after crashing to historic lows in March. The 12-month indicator added 5.3 index points, reaching 40.0 in May, according to the Canadian Federation of Independent Business.

New 10,000-seat arena to be built in Surrey, mayor confirms

Surrey Mayor Brenda Locke has confirmed a new arena is set for the core of the city’s emerging downtown. The arena will anchor a new complex of office, retail, dining, entertainment, and hospitality offerings, including hotel and conference centre uses. 

Blue Owl JV lands $7.1B for data centre project

A joint venture of Blue Owl Capital, Crusoe and Primary Digital Infrastructure has obtained US$7.1 billion in construction financing for the second phase of its 1.2-gigawatt AI data centre project in Abilene, Tex.

Manhattan’s trophy office owners won’t let tariffs rain on their parade

With Manhattan coming off its most active leasing quarter since 2019, many landlords are building out spaces for their growing tenants and are now forced to find ways to absorb or avoid the costs of new tariffs on construction materials. 

Major NYC landlord puts thousands of units in bankruptcy

Joel Wiener, a major owner of NYC apartments, has put properties with thousands of residential units into bankruptcy months after a bank sought to foreclose on them. Numerous property holding companies tied to Wiener’s Pinnacle Group sought court protection Wednesday.

Stellantis to build $388M Metro Detroit distribution facility

Stellantis will invest US$388 million to build a Mopar service parts distribution facility in Van Buren Township, Mich., dubbed Metro Detroit Megahub. The project is set to measure roughly two million square feet, according to Crain’s Detroit Business.

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