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Metropia breaks ground at Union City, names new president
Metropia breaks ground at Union City, names new president
Metropia celebrated two significant milestones on April 10: the groundbreaking of its Union City community in Markham, just north of Toronto, and the appointment of new president Samuel Frum.
Leyad buys third Winnipeg asset, Johnston Terminal
Montreal-based Leyad has acquired its third property in as many months in Winnipeg, adding the landmark Johnston Terminal retail and commercial property to its holdings.
GWL Realty acquires Vancouver site for $58M
GWL Realty Advisors has acquired 1555 Robson St. in Vancouver for $58 million less than two months after it was put up for sale through a court order. Previous owner Align Properties had planned a 28-storey residential tower.
Granite proposes to unwind stapled unit structure
Granite REIT (GRT-UN-T) announced it intends to propose an internal reorganization that would simplify Granite’s capital structure by replacing its current stapled unit structure with a conventional REIT trust unit structure.
Parkland says strategic review is unnecessary
Calgary-based fuel retailer Parkland Corp. (PKI-T) says a strategic review of its business called for by Simpson Oil Ltd., its largest shareholder, is unnecessary. Simpson Oil's sent a letter to the Parkland board of directors last week.
OPINION: Money manager sells Choice Properties REIT
Choice Properties REIT (CHP-UN-T) is a stock Burkett Asset Mgmt. exited recently, after owning it for about a year, due to concerns about the impact of higher interest rates on development activities and fewer identifiable near-term positive catalysts.
Edmonton office vacancy rate improves slightly
While national office vacancy rates continue to climb, Edmonton mounted a slight comeback in the first quarter, bucking the trend by a modest 0.6 per cent and showing glimmers of hope for the office real estate market.
Calgary has a growing tech sector
AUDIO: A snazzy parkade near the downtown Calgary library is part of a maturing tech sector in what's traditionally an oil and gas town. Platform Calgary and a medical software company discuss how to make it in tech.
Westdell proposes 30-, 32-storey London towers
Seven months after buying White Oaks Mall, Westdell Developments has proposed 30- and 32-storey apartment towers on what is currently unused parking space in London, Ont. The two towers — connected by a seven-storey podium — would add 568 apartment units.
Developers should aim for net-zero-ready homes: Land Ark
The national building code is obsolete and more developers should strive to develop net-zero-ready homes, says Stephen Rolston, the founder of Ottawa-based Land Ark Homes.
Robots coming to two Walmart warehouses in Ontario
In a Calgary warehouse, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart Canada (WMT-N) customers. Walmart also plans to bring robots to Mississauga and Cornwall, Ont., distribution centres over the next five years.
Military drone installation to be built in Ottawa
Ottawa will be home to a new $65-million installation used to control and operate the military’s future fleet of drones. National Defence says the new Ottawa facility will be around 65,000 square feet and house six stations.
Montreal trying to bring Prince Arthur Street back to life
VIDEO: As the city expands its network of pedestrian streets, some are wondering about the fate of one of the original no-car roads.
Envirotech repurposes furniture ditched in hybrid work shift
The COVID-19 pandemic may have inadvertently created conditions conducive to a more sustainable corporate environment, according to the vice-president of Envirotech, a Toronto-based office furniture remanufacturer which is helping stem the tide of excess furniture bound for landfills
Apartment rent growing faster than condo rent: Urbanation
According to an Urbanation report, purpose-built units experienced a 12.7 per cent year-over-year price increase in March, averaging $2,117. In contrast, condominium rentals grew at a more modest rate of 3.9 per cent, reaching an average of $2,321.
PÔLE LÉO occupancy set to begin in July
PÔLE LÉO, a residential development in Ville Sainte-Catherine by Cloriacité and the Fonds immobilier de solidarité FTQ, will be ready for occupancy in July 2024. PÔLE LÉO, featuring 140 apartments, is 20 minutes from downtown Montréal's central train station.
U.S. office market availability hits new high
The U.S. office market turned in a dismal Q1 to start a year that many in CRE see as one meant for treading water and waiting for calmer seas. Available space is at record levels and overall demand is tepid.
Apple targets new Miami office space
Apple Inc. is upgrading its presence in the Miami area, taking 45,000 square feet in a new building in Coral Gables, a wealthy suburb just south of Miami, according to sources.
NorthBridge raises $950M for infill logistics investment
NorthBridge Partners and Park Madison Partners have closed NB Partners Fund IV, which raised $950 million targeting small to midsized infill logistics properties. The fund is looking for properties in densely populated places, active ports or markets with manufacturing.
China’s CRE segment is seeing some bright spots
China’s CRE sector is seeing pockets of demand amid an overall real estate slump. The capital city of Beijing is seeing rents for prime retail locations rise at their fastest pace since 2019, property consultancy JLL said in a report.
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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