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Starlight lists 26-property, 2,643-apt. Canadian portfolio for sale
Starlight lists 26-property, 2,643-apt. Cdn. portfolio for sale
Starlight Investments has placed a portfolio of 26 multifamily assets with 2,643 housing units in eight Ontario and British Columbia markets up for sale. If a transaction is closed, it would almost certainly be one of the largest of the year for the sector.
63-storey tower proposed in Toronto's upper Jarvis area
Another tall tower has been proposed to replace low-rise buildings in Toronto's Upper Jarvis area, where a 63-storey condo planned for 5 Huntley Street joins a surge in proposals pushing the local limits on density and height.
Pace Developments' 50-acre Barrie project under receivership
The Urban North Townhomes project in Barrie, Ont., on a 50-acre site at 700-780 Mapleview Dr. E., adjacent to the Barrie South GO Station, and consisting of approximately 1,000 townhouses, is under receivership.
The largest vertical farm in Canada opens in Calgary
Located deep in Calgary’s industrial southeast next door to Amazon’s gargantuan sprawling warehouses, GoodLeaf Farms opened what’s being called the largest vertical farm in Canada at 96,000 square feet, capable of producing leafy greens in the dead cold of winter.
Van. plans to reduce GHG emissions from CRE buildings
Starting June 1, the City of Vancouver’s largest commercial buildings — 100,000 square feet such as office towers, shopping malls and institutional buildings — will have to start reporting their emissions, based on how much energy they use.
Stantec's sustainability-linked revenue jumps $500M in 2023
Edmonton-based sustainable design and engineering company Stantec Inc. (STN-T) says it achieved a $500-million increase in sustainability-related revenue during 2023 compared to a year earlier.
Victoria's tech sector, lifestyle attracting new residents
Victoria is home to upwards of 500 active tech companies, about 15 per cent of the B.C. sector, according to the Victoria Innovation, Advanced Technology & Entrepreneurship Council. In Victoria, the suburbs are outperforming an aging, government-heavy downtown.
Staff nixes Vancouver plan for first dibs on RE acquisitions
Two years ago, Vancouver city council directed staff to explore a bylaw giving the municipality first dibs at buying properties. Now, Vancouver staff have reported the city doesn’t have enough mony for the program to succeed.
The right office solution can take finding the right partner
There’s more choice than ever for office space, but it can still be a challenge for smaller companies to find the right fit. A couple of entrepreneurs in the design world have taken the novel approach by co-leasing.
Loblaw reports 9.8% Q1 profit boost, hikes dividend 15%
Retailer Loblaw Cos. Ltd. raised its quarterly dividend by 15 per cent as it reported its first-quarter profit and revenue rose compared with a year ago. The company owns Loblaws, No Frills, Real Canadian Superstore and Shoppers Drug Mart.
Shake Shack reveals plans for first Canadian location
When Shake Shack crosses the border into Canada later this year, it will make its debut at one of the country’s most prominent intersections at the northeast corner of Yonge-Dundas Square with a menu largely borrowed from the U.S.
Kiokii and ... plans store expansion across Canada
Retailer Kiokii and… Inc. has a vision to be the premier one-stop shop for trendy Asian products, providing North American customers with access to the latest innovations and showcasing the advantages of Asian products.
Plans for early childcare centre near highway raises concerns
To encourage commuters to abandon their cars, Quebec wants to build a brand new early childhood center (CPE) less than 200 meters from Highway 20, in Sainte-Julie even as the CPE has withdrawn due to fears for small children.
McGill project to create downtown lookout, Mt. Royal access
As spring approaches, there are more trucks, more construction workers and more road and sidewalk closures around the former Royal Victoria Hospital. Next month, demolition crews will move in to dismantle two buildings and part of a third.
More stores ditch self-checkout amid theft, customer complaints
In 2020, Walmart started testing cashierless, all self-checkout big box stores, first in the United States and then in Canada. But the pilot project didn't catch on. There is currently just one cashierless Walmart location across Canada and the U.S.
Ivanhoé-backed co-living firm, Cohabs opens in London
Cohabs, a Belgian firm that counts Canadian pension fund Ivanhoé Cambridge among its investors, is opening a 12-bedroom co-living scheme in Shepherd’s Bush. It is also closing deals in the U.S. and the rest of Europe.
Yardi to operate WeWork as separate, arm's-length entity
Yardi Systems' investment arm, Cupar Grimmond, is contributing $337M of the $450M WeWork needs to exit bankruptcy. The company's executives believe “a hybrid workplace is the model of the future” and Yardi technology can help fuel the transition.
Demand for modern temperature-controlled facilities is surging
Investment in cold storage is heating up as increasing demand for fresh food and pharmaceutical supplies drives market development and modernization of a largely outdated cold supply chain. Investors and developers are gaining exposure buying into these previously ignored facilities.
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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