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What could happen to GM’s Oshawa land?
What could happen to GM’s Oshawa land?
For more than a century, hundreds of acres of land in Oshawa have been a vital part of Canada’s automotive industry. However, a decade or so from now there could be condos, office towers and shopping malls on the land.
Former St. Catharines GM property for sale
The former General Motors property in St. Catharines that’s embroiled in legal wranglings is now being listed for sale by BayShore Groups. For-sale signs were put up at the 54.7-acre Ontario Street property on Thursday.
Terrace business park counting on LNG project
Developers of a nascent Terrace, B.C.-area business park hope they have a match made for LNG success. The Skeena Industrial Development Park has 970 hectares of space its owners and the City of Terrace are angling to fill with industrial customers.
CCMP to acquire BGIS for US$1B
CCMP Capital Advisors, LP will acquire facilities management company Brookfield Global Integrated Solutions in a deal worth about US$1 billion, the companies announced. Gordon Hicks, the CEO of BGIS, said he and the management team will remain in place.
Montreal Le Bourbon condos incorporate office space
The developer of a $40-million condominium in Montreal’s Gay Village has established a non-profit organization to house community groups in part of the nine-storey building. The city required space be provided to the groups, most involved in the LGBTQ community.
Four decades later, Saskatoon’s south downtown rises
• Saskatoon StarPhoenix • RENX
It might seem surreal to some Saskatoon residents to watch the development at River Landing take shape. After several grand plans and visions failed, the consortium led by Saskatoon’s Victory Majors Development Corp. is building a $300-million office-condominium-hotel complex.
East End Ottawa neighbourhood set for $50M renewal
• Ottawa Citizen • RENX
The owner of Bobby’s Table, a small family restaurant, always seems to be busy. On a recent Tuesday, his place is packed before 9 a.m. The only seats left are next to the cash register on raised bar stools.
LeBreton Flats reset ‘unacceptable’: Devcore president
• CBC
A Gatineau developer who took part in the ill-fated procurement to redevelop LeBreton Flats maintains the process unfolded in an unfair way, and its demise means the capital has missed an important chance to create a landmark in its downtown.
Tesla walks back plan to close most showrooms
• Winnipeg Free Press • The Drive • Reuters
Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles. Tesla (TSLA-Q) says it closed 10 per cent of its stores, but a few of those will remain open.
Calgary golf course development all but defeated
A redevelopment proposal for Calgary’s former Highland Park golf course appears all but finished following the release of a study that found the project poses a risk to public safety from flooding in Confederation Valley.
ZAS Architects seeks to expand Vaughan Sports Village
• CBC
Laura Rinaldo says she never imagined the greenspace behind her home in Vaughan would be developed, but ZAS Architects wants to buy the public land and use it to expand a nearby sports facility.
Wertman pitches 181 units in Nanaimo university district
Another higher-density residential development could be coming to Nanaimo’s Third Street. Wertman Development Corporation‘s DLX on Third application calls for the construction of two four-storey buildings, providing 181 residential units and 5,500 square feet of commercial space on 1.3 hectares of land.
New code aims to increase women in B.C. construction
• Victoria Times Colonist • Business In Vancouver
Mary-Anne Bowcott says she still remembers the fear she felt when she overheard co-workers talking about her while she was a roofer. It made her consider leaving the industry all together, like so many other tradeswomen.
Signa, RFR buy NYC’s Chrysler Building for $150M
Signa Holding GmbH, Austria’s largest privately owned real estate company, will buy the iconic Chrysler Building in New York City in partnership with property firm RFR Holding LLC for about $150 million, sources said.
The high-stakes standoff over trading towers
In a weedy field 35 miles west of Chicago squats a tidy red-brick building with a peaked roof. Against the eastern wall, reaching just above the roofline, are poles equipped with small dish antennas that gather and send microwave signals.
Toys R Us emerges from bankruptcy
Toys R Us Property Company I, LLC today announced it has emerged from bankruptcy as a reorganized entity under the trade name Hill Street Properties LLC. Investors in Hill Street include Empyrean Capital Partners, LP and Glendon Capital Management L.P.
Nanaimo apartment construction at 40-year high
Construction of purpose-built rental apartments in Nanaimo is happening at a pace that hasn’t been seen in decades, and just when the community seems to need it most, according to Canada Mortgage and Housing Corporation data.
Vancouver mansions rented at bargain-basement rates
Dozens of multi-million dollar homes on Vancouver’s westside have come up for rent as a result of the provincial Speculation and Vacancy Tax and the city’s Empty Homes Tax.
Real estate tax to regulate housing market in China
A draft real estate tax law is being finalized for submission to the Chinese National People’s Congress, officials said Saturday. Liu Junchen, vice chairman of the Legislative Affairs Commission, said work is “progressing steadily.”
San Jose, Minneapolis, Denver have lowest U.S. vacancy rates
San Jose, Minneapolis and Denver are the U.S. metros with the lowest vacancy rates, according to LendingTree‘s new study. Vacancy rates are low for different reasons, ranging from strong job opportunities to a growing influx of millennial homebuyers.
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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