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GWLRA ready to take its fourth Livmore, in Ottawa, to market
GWLRA ready to take its fourth Livmore, in Ottawa, to market
When GWL Realty Advisors brings its latest premium apartment building to the leasing market in Ottawa in the coming days, the 26-storey Livmore Westboro will be the result of a continuing evolution in the brand.
C-suite execs now lead DEI initiatives in CRE firms: Survey
Diversity, equity and inclusion (DEI) issues held the same, or higher importance, for almost 98 per cent of commercial real estate-related companies which took part in the Global Real Estate DEI Survey for 2023.
BOMA opposes closure of downtown Winnipeg concourse
An organization representing property owners around Winnipeg's Portage Avenue and Main Street says it opposes a city plan to close the underground concourse. The Building Owners and Managers Association of Manitoba warned the decision will hurt its bottom line.
Quebec energy shortages to curtail industrial projects
Quebec doesn’t have enough electricity to satisfy all the companies wanting to carry out industrial projects in the province, Energy Minister Pierre Fitzgibbon says — and the situation could drag on for a decade.
Arkfield acquires 50,000-sq.-ft. Yonge-Davis Centre
Arkfield has completed the acquisition of Yonge-Davis Centre across from Upper Canada Mall in Newmarket. Yonge Davis Centre has over 50,000 square feet of leasable area in the services, retail, and food industries and is situated on 4.6 acres.
Work begins on $303.9M Victoria terminal redevelopment
Work has begun on the first phase of the $303.9-million redevelopment of the Belleville Terminal, used by passengers travelling between Victoria and the U.S. via the FRS Clipper and Coho ferry.
Churchill charts a new course as cash starts flowing
It’s been decades since there’s been this kind of optimism around the Port of Churchill and how it could be developed into a transportation hub. The combined federal and provincial investment in the port since 2018 is $293 million.
H&R undervalued, but still a ‘show-me’ story
OPINION: H&R REIT (HR-UN-T) seems to be on the right path and the units offer attractive value for investors who are content to get paid an above-average yield while they wait for the repositioning to bear fruit.
Crown resubmission reduces towers to 59, 53 storeys
A resubmitted proposal by Crown Realty Partners reduces two towers at 123 Edward St. in downtown Toronto from 72 to 59 and 53 storeys, respectively. The Turner Fleischer Architects-designed towers would include 1,551 condo units and retail space.
CHBA, Built Green Canada unveil housing award finalists
The Canadian Home Builders’ Association (CHBA) and Built Green Canada have announced finalists for their two awards programs commemorating standout new homes, and innovation in sustainable builds. CHBA winners will be announced on May 10, 2024 in Saint John, N.B.
FortisBC's $50M study to see impact of home retrofits
FortisBC has launched a study of deep energy retrofit strategies for housing in B.C. to examine the impact on energy use and climate-warming pollution. The $50-million initiative covers 20 single-family homes and four apartment buildings in Vancouver.
Calgary rejects plebiscite for proposed blanket rezoning
Calgarians won’t be given the opportunity to vote in the next municipal election on the city’s blanket rezoning proposal, city councillors have decided.
Hamilton tenants seek aid in troubled buildings
Hamilton tenants in two troubled Forge and Foster buildings - at 211 York Rd. in Dundas - are publicly appealing for help to protect their affordable apartments from disappearing amid the real estate management firm’s mortgage woes.
U.S. multiresidential rental growth will be modest: Morguard
Morguard Corporation's (MRC-T) 2024 U.S. National Economic Outlook and Multi-Suite Residential Rental Market Fundamentals Report indicates rent growth will be modest in 2024 as demand falls short of new supply during the peak phase of the construction cycle.
Neumann’s Flow plans Miami apartments, offices
Adam Neumann’s real estate startup Flow is planning $300 million in Miami developments in an area that was known as tent city just a decade ago. Neumann founded Flow after his exit from WeWork.
Pfizer's ex-HQ could be Manhattan's largest conversion
Metro Loft Management CEO Nathan Berman has a deal in place for a nearly 50% stake in pharmaceutical giant Pfizer's former headquarters from investor David Werner. Berman plans to convert the Midtown office campus to approximately 1,500 rental units.
Data centre developers caught in backup power pinch
As developers try to keep up with the record amount of data centre demand, they are navigating a difficult path on a critical issue for operating these facilities: providing backup power.
Evergrande's flagship unit, founder accused of fraud
China Evergrande Group founder Hui Ka Yan will be barred from China's securities market for life and fined $6.53M US after the regulator accused the group's flagship unit of inflating results, securities fraud and failing to make timely disclosures.
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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