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Primaris builds 'robust liquidity' for retail acquisitions
Primaris builds 'robust liquidity' for retail acquisitions
Primaris REIT (PMZ.UN-T) is coming off a strong first quarter, has been expanding its shopping centre portfolio, and has significantly increased its war chest for further acquisitions, CEO Alex Avery said during its May 2 quarterly financials call.
City of Calgary to develop 600-acre industrial park
More city-owned land is being released for industrial purposes, with Constellation industrial park incorporating 12 lots in Phase 1A being the first to market. The project covers 600 acres and will be Calgary's largest industrial land development.
Colliers eyes brokerage acquisitions, has $1B to spend
Fresh off a multimillion-dollar equity infusion, Colliers is sitting on a $1B war chest, according to the company's recent earnings call. Revenue for the Toronto-based company in the quarter was $1B, up 4% from a year ago.
Over 22,000 homes, 150 projects proposed for Broadway Plan
Ahead of the second anniversary of the City of Vancouver’s approval of the Broadway Plan, there are now 22,469 homes proposed within the six-square-kilometre area plan spanning about 500 city blocks.
The challenges of office building conversion into housing
The federal government plans to free up underused office buildings so they can be converted into housing, but could that really help address the housing crisis? We break down where it’s been done before and challenges posed by conversions.
Government provides details for return-to-office plan
Public servants in the core public administration who are eligible for a hybrid work arrangement will be required to work on-site a minimum of three days per week effective Sept. 9, the Treasury Board Secretariat (TBS) announced Wednesday.
Designing an office experience that feels like home
Offices have evolved into much more than cubicles and coffee machines. Today, owners and designers are pushing the envelope on what it means to come the office, and increasingly work needs to feel like home.
Last call for Hamilton's former Copps Coliseum
When the Toronto Rock leave the floor tonight, it’ll be the last sporting event at FirstOntario Centre in its current form. The sports and entertainment facility is being gutted and renovated in a $280-million rebuild.
High-flying execs to get private hangar at London airport
ADJ Aero, owned by Andrew Charabin, broke ground Friday on a $13-million, 50,000-square-foot aviation facility with a large hangar, lounges, office space, catering and a rooftop patio for well-heeled clients flying through London International Airport.
Calgary International Airport soars to new passenger record
Calgary International Airport soared to a record 18.5 million passengers in 2023, surpassing the previous 18-million 2019 milestone to become the fourth-busiest Canadian airport. Further growth is forecast with its $201-million west runway rehabilitation project.
London Drugs remains closed, rebuilds data infrastructure
Retailer London Drugs says it’s rebuilding its data infrastructure with the help of leading third-party experts to bring its operations safely back online after a cybersecurity incident that has shut down stores since last Sunday.
Loblaw tackles ‘misguided criticism’ as boycott begins
Loblaw’s new CEO Per Bank said at the grocer’s annual meeting there’s a lot of misinformation online about the company, and it is not responsible for higher food prices. A Reddit page with 66,000 members initiated talks of a boycott.
Vanc. flagship Hudson's Bay store still mostly empty
Struggling Hudson’s Bay Co. laid off 100 people across Canada this week, bringing the company’s total layoffs to 600 over the past 15 months. The Vancouver store looks more like a dry-goods museum than a 350-year old Canadian icon.
Aritzia's net income falls, sets itself up for future growth
Aritzia Inc.'s net income fell 58 per cent in its latest fiscal year, which the retailer's chief executive said was spent laying the groundwork for the business's rebound. The business grew 74% in 2022 and 47% in 2023.
BoC’s governor warns interest rates will likely fall gradually
Bank of Canada governor Tiff Macklem is cautioning that interest rates are unlikely to return to the low levels seen in the decade before the pandemic, and that borrowing costs are likely to decline slowly as inflation inches downward.
Off with the ‘handcuffs’: A noncompete ban could change CRE
The Federal Trade Commission announced its decision to ban noncompete clauses, which prevent workers from jumping ship to rival firms. Their elimination ushers in a potential sea of change in human relations departments at CRE firms across the country.
The 'strange marriage' of WeWork and Yardi makes perfect sense
When it was revealed Yardi would become the majority owner of WeWork after providing most of the money it needed to exit bankruptcy, the arrangement seemed to come out of left field for the coworking and proptech sectors.
Dalfen picks up 5 IOS assets on the U.S. West Coast
Dalfen Industrial has acquired five industrial outdoor storage (IOS) sites on the U.S. West Coast for $26-million. Dalfen isn’t the only player pursuing IOS assets. In April, Catalyst IOS Fund II secured $186.9 million in LP commitments.
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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