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Elysium forms JV, plans 67-storey Toronto Isabella St. tower
Elysium forms JV, plans 67-storey Toronto Isabella St. tower
Elysium Investments has only been part of the Greater Toronto Area development industry for a year, but it already has three high-rise multifamily projects in the pre-construction phase and a pipeline of other potential projects in the works.
IBM to create Cloud MultiZone Region in Montreal
IBM announced Monday morning it will create a new Cloud Multizone Region in Montreal, expanding its data services in Quebec while also offering new capabilities for clients throughout the country.
True North, F.N. to build 15-storey residential tower in Wpg.
The Southern Chiefs' Organization and True North Real Estate Development plan to build a residential tower together at downtown Winnipeg's Portage Place mall, the two organizations announced at a news conference on Friday.
Mixed-use development in the works in Burlington
Alinea Group is looking at a public-private partnership investment with the City of Burlington to transform a 49-hectare parcel of property into a mixed-use community with housing, retail, a hotel, a community centre and a 5,000-seat arena.
There's always going to be need for quality office: CBRE
VIDEO: Molly Westbrook, Toronto downtown managing director at CBRE, joins BNN Bloomberg to discuss downtown Toronto office vacancies hitting 18 per cent and whether new development projects could affect that number.
Long a problem, industrial space now available in Halifax
Halifax had the largest increase in industrial space in Canada in Q1, new figures from commercial real estate firm CBRE show. Space in Halifax was up 400 basis points year-over-year in Q1, followed by Waterloo Region, Calgary and Montreal.
Leduc enjoys strong industrial absorption in Q4
A total of 381,000 square feet of industrial space were absorbed in Leduc during Q4 2023, says Avison Young, despite higher lease rates than in parts of nearby Edmonton. An abundance of new, high-efficiency space many has driven the activity.
Red Apple announces store openings in B.C., Saskatchewan
Red Apple Stores is opening the doors to a renovated store in New Hazelton, B.C. and rebranded location in Carlyle, Sask. The New Hazelton store – located at 4552 10th Ave. – reopens on April 26. It promises to offer upgrades to Red Apple’s signature Candyworks, as well as wider aisles, improved product layout and new store fixtures.
Montreal airport CEO unveils $4B renovation plan
Aéroports de Montréal, the authority overseeing Montreal-Trudeau International Airport, plans to spend nearly $4 billion in a bid to reduce congestion and ramp up capacity at the country’s second-biggest flight hub.
After years of debate, Wpg. development clears big hurdle
A major development project on Winnipeg's Parker lands passed its first hearing at city hall after more than a decade of debate and legal challenges. Thursday, the city centre committee voted unanimously in favour the project, officially named Fulton Grove.
Timelines, profits for Edm. project lack evidence: Audit
Building out Blatchford could take longer and make Edmonton less money than expected because there’s no proof to back the city’s promised timelines and profits, according to the city’s in-house audit team.
London gravel pit may be reborn as neighbourhood
London's old Byron gravel pit may one day be home to large, open parklands and a mixed-use neighbourhood, according to a new development plan for the 185-acre plot of west-end land that will go before council’s planning committee Tuesday.
Mtl. grants Mondev demo permit despite tenant's fight to stay
The city of Montreal has granted condo developer Mondev a permit to tear down a building despite the sole remaining tenant there saying she hasn't settled on the required compensation for her eviction.
Ottawa golf course owner aims to escape forever contract
Cedarhill Golf Enterprises is fighting to free itself from a contractual obligation to operate an unprofitable Ottawa golf course forever. A subdivision agreement signed in 1980 requires "the continued operation of a golf course on the property in perpetuity."
Brookfield breaks ground on Phoenix-area industrial facility
Brookfield Properties has broken ground on Camelback 303 Logistics Center, a 616,100-square-foot industrial development in Goodyear, Ariz. Camelback 303 Logistics Center will comprise two buildings that will provide space for a variety of industrial outdoor storage uses.
Blackstone acquires Apartment Income REIT for $10B
Blackstone Inc. (BX-N) struck a roughly $10 billion deal for Apartment Income REIT (AIRC-N) in the latest sign the real estate investor sees a ripe moment to pour money into the property market.
Tricon receives final approval for takeover by Blackstone
Tricon Residential Inc. (TCN-T) announced the Ontario Superior Court of Justice has granted a final order approving its plan to which Blackstone Real Estate Partners X (BX-N) and Blackstone Real Estate Income Trust will take the firm private.
Hotel101 Global signs merger agreement with JJVSPAC
The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates and JVSPAC Acquisition Corporation (JVSA-Q) have entered into a definitive merger agreement in a deal valueed at over US$2.3 billion.
Manhattan's priciest offices have higher foot traffic
In 25 Manhattan buildings that signed at least three leases for $100 per SF or more last year, foot traffic is approximately 10% higher than the rest of Manhattan’s office stock, according to an analysis by Placer.ai.
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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