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PCI plans 3-bldg. Vancouver Mount Pleasant industrial, office complex
PCI plans 3-bldg. Vancouver Mt. Pleasant ind., office complex
PCI Developments’ appetite for redevelopments within Vancouver's Broadway corridor shows no signs of abating. Its latest plan is for a three-building mixed-use office and light industrial complex in the heart of Mount Pleasant.
Canadian retail snapshot: Quality space 'shrinking quickly'
Retail leasing in Canada's major markets is stabilizing after a period of strong momentum amid a flight to quality locations, according to JLL's recently released retail insight reports.
Parkland selling 157 gas station, convenience store sites
Calgary-based Parkland Corp., (PKI-T) is selling 157 convenience store and gas station assets across Canada, retaining a pair of real estate firms to begin the marketing process to sell the sites, which include brands like Chevron, Ultramar, Pioneer, and FasGas.
ANALYSIS: How The One came undone
The room is quiet for a full minute before Sam Mizrahi, the man behind one of Toronto’s largest and most controversial condo developments, finally speaks. About 20 employees of Mizrahi Developments are present and the mood is uneasy.
BGO plans multi-building Vancouver rental complex
BGO plans an all-rental complex consisting of a 17- and 19-storey tower with six-storey podium, two six-storey buildings and a 37,000-square-foot grocery store in Vancouver. 114 of the 569 units are at rents 20% below the citywide average.
Design panel out following Wesgroup complaints of delays
On Tuesday, Port Moody city council voted 5-2 to disband its advisory design panel for a year shortly after Wesgroup Properties complained about delays on its Coronation Park project.
Vancouverites concerned about Broadway Plan proposals
Vancouver’s plan to remake Broadway has prompted a wave of proposals for 20- to 30-storey towers, including several that will displace more than 200 tenants, and is driving a debate about whether the proposed growth is too great.
Cityzen, Tercot propose 46-storey mixed-use tower
Cityzen Development Group and Tercot Communities have proposed a 46-storey mixed-use tower at 2485 Eglinton Ave. W. in Toronto's Keelesdale neighbourhood. The gh3*-designed project would include 500 condo units in addition to commercial space.
Ontario, Toronto work on Exhibition Stadium TOC proposal
Queen's Park, in consultation with the City of Toronto, is working on a transit-oriented community (TOC) development proposal that would transform Exhibition Station into a connected transit hub with new housing, office and retail space.
EllisDon project manager loves challenge of big projects
EllisDon project manager Diana Demmers, the Vancouver Island Construction Association’s reigning U40 Person of the Year Award winner, has gained a reputation for being a champion of women and young people in the industry.
Creative, LWLP to partner on district energy communities
Low-carbon district energy developer Creative Energy and real estate developer Live Work Learn Play (LWLP) will be partnering to create sustainable communities that leave a legacy, according to an executive at Creative Energy.
Montreal not finished pouring money into Olympic Stadium
When Quebec’s government announced in February that it was planning to fix the roof of Montreal’s Olympic Stadium, it seemed, from an outsider’s point of view, an obvious plan. The stadium's decades-old fiberglass-and-Teflon roof is full of tears (about 20,000).
Barrie gives initial approval for 16-storey mixed-use
Barrie council has given initial approval to Arten Group of Companies' rezoning proposal to build a 16-storey tower with 124 rental apartments, along with ground-floor and second-storey commercial space at Dunlop and Henry streets near Highway 400.
Skybridge linking Royalmount to metro station completed
The skybridge installation linking Royalmount to the De la Savane metro station saw its the last two segments of the overpass integrated into their structural foundations. Royalmount aims to be the first 100% carbon-neutral mixed-use project in America.
BMO partners with Carlyle Group on investment fund
Bank of Montreal (BMO-T) is joining forces with Carlyle Group Inc. (CG-Q) to launch a fund targeting high net-worth clients, as part of a push to open up markets for privately-owned assets to a broader array of individual investors.
Fitch: Plunge in U.S. office values could exceed 2008 fallout
U.S. office property values face further losses ahead and a recovery even longer than after the Global Financial Crisis, according to Fitch Ratings, which said it will “lead to permanent property valuation impairments and higher CMBS loan losses.”
U.S. office occupancy faces 'black hole' of remote work: Green Street
Remote work has caused a "black hole" in U.S. office occupancy, knocking demand significantly below pre-pandemic levels and vacancy rates to historic lows, with a recovery to prior usage unlikely for years, said real estate analysis firm Green Street.
Padlock Fund IV acquires U.K. self-storage property
Padlock Partners UK Fund IV announced it has successfully completed the acquisition of a self-storage property in Sidcup, U.K. for $17.8 million Cdn. The three-storey facility currently offers approximately 38,000 net rentable square feet of self-storage and bulk space.
Boston tied for lowest retail vacancy of major U.S. metro areas
Boston's retail vacancy is 2.9% and has fallen every year since 2020, according to Marcus & Millichap. Boston was tied with Miami and Raleigh, N.C., for the lowest vacancy rate of the 50 metros the firm tracks.
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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