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Markham King Square mall, dev. land in receivership, for sale
Markham King Square mall, dev. land in receivership, for sale
One of the country’s largest Asian-style shopping centres, the 340,000-square-foot King Square in the Toronto suburb of Markham, along with an adjacent development land parcel are being administered for sale by Ernst and Young under a court-ordered receivership process.
Capital Power cancels $2.4B carbon capture, storage project
Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. The company determined that the project is technically viable but not economically feasible.
Starlight hit by rising real estate supply in U.S., higher rates
Starlight Investments, a major owner of multiresidential properties run by real estate magnate Daniel Drimmer, launched two funds that invested in U.S. real estate which are now struggling due to higher interest rates and an oversupply of units.
Blackstone real estate completes $3.5B Tricon acquisition
Blackstone and Tricon Residential Inc. announced the closing of the previously-announced statutory plan of arrangement under the Business Corporations Act, whereby Blackstone has acquired all the outstanding common shares of Tricon for $3.5 billion.
Caledon mayor's bid to fast-track huge development nixed
A GTA mayor’s attempt to use “strong mayor” powers to fast-track thousands of hectares of development in her municipality was cut short after the province warned that half the proposed rezoning approvals lay along the future route of Highway 413.
 | CDN Global 34.088 acres of vacant land for sale in OttawaUnveiling the investment potential of 3809 Borrisokane Road: A gateway to prosperity in Barrhaven, Ottawa. Sponsored by: CDN Global |
Resubmission expands proposal north of Finch Station
A resubmission to the City of Toronto for the redevelopment of 5800 Yonge Street by Times Group Corporation proposes a striking increase in both height and residential capacity with a quartet of towers with heights reaching up to 54 storeys.
What happens to office furniture orphaned by hybrid work?
To furnish its new office in downtown Toronto, it seemed logical for sustainability rating company EcoVadis Canada to look for remanufactured, preowned furniture rather than buying new.
Transition to low-carbon economy 'a key priority' for EllisDon
EllisDon’s road to helping decarbonize the construction industry involves reducing pollution on construction sites, using sustainability software and embracing greener planning, according to one of its sustainable buildings executives.
The unlikely union between Lufa Farms and Walmart
Walmart, with over 400 stores in Canada, is a true symbol of mass commerce. In contrast is Lufa Farms, one of the largest rooftop greenhouse operators in North America, which has opened a fifth greenhouse atop a Walmart in Quebec.
Old factory in Toronto becomes net-zero and turns a profit
While most “green” buildings are new builds, typically flaunting industry standards like LEED Platinum, the Alliance Ave. edifice shows that old buildings, which have a harder time getting these kinds of certifications, can actually be more environmentally responsible.
WSP acquires AKF, expands property practice in U.S.
WSP Global Inc. announced the acquisition of AKF Group LLC. Headquartered in New York City, AKF is a specialized mechanical, electrical, and plumbing firm that designs complex healthcare, science and technology, and mission-critical facilities.
Woodfibre LNG 'floatel' permit rejected by Squamish council
The District of Squamish council voted to reject a one-year temporary use permit (TUP) that would clear the way for Woodfibre LNG to use a renovated cruise ship to house over 600 workers in Howe Sound immediately north of Vancouver.
Brantford's Cordage Heritage District under receivership
The Cordage Heritage District in Brantford, Ont., is adding an unfortunate chapter to a property with a history that dates back to 1901 after being placed into receivership in early March.
Opponents warn new dev. threatens Niagara Escarpment
Opponents of a project with 280 townhomes and 90 apartment units close to the Beaver River, formerly the Talisman Mountain Resort about 150 kms northwest of Toronto, warn it opens the door to development of the protected Niagara Escarpment.
Ont. farm town votes on Canada's largest nuclear dump
A bucolic Ontario farm community - Teeswater - will hold an historic online vote in October that will determine whether the quiet rural town will host a multi-billion project that will give Canada a permanent tomb for radioactive waste.
Buyouts of delinquent CRE CLO loans jump 210%
As delinquencies on multifamily mortgages pile up, lenders who had bundled those borrowings into securitizations known as commercial real estate collateralized loan obligations are racing to stave off trouble.
AI worsening supply chain issues data centres, developers
Supply chain challenges have plagued the data centre industry for over four years, but now artificial intelligence is creating a host of new headaches for data centre providers and end users as they build capacity to meet demand.
45,000 retail stores in the U.S. could shutter by 2030: UBS
Roughly 45,000 retail stores could close their doors in the next few years according to UBS estimates. UBS modelled the share of U.S. e-commerce shoppers as growing from 21% to 26% by 2028.
Retail’s new logistics logic
Three decades after the advent of online shopping the retail sector has responded to pressure from this trend and reduced downtown populations by creating smaller storefronts. Adjustments to storage, logistics and fulfillment have also impacted the industrial sector.
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