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CPKC markets prime, rail-served industrial dev. properties

4 days ago

CPKC markets prime, rail-served industrial dev. properties

Canadian Pacific Kansas City (CPKC) has certified its first nine "site-ready" rail-served locations across North America for potential industrial or logistics development, including sites in Alberta and Quebec. CPKC is the only single-line railway linking Canada, the U.S. and Mexico. 

Bosa Properties keeps focus on Burnaby with 2 acquisitions

Bosa Properties has bought two properties along Kingsway in Burnaby's Royal Oak neighbourhood, including the Best Western Plus Burnaby Hotel. The deal includes a 2.7-acre site 5411 Kingsway, as well as the adjacent 0.17-acre parcel at 5367 Kingsway.

Wesgroup joins Crombie on 4 B.C. Safeway redevelopments

Nova Scotia-based Crombie REIT (CRR-UN-T) announced in its Q1 results the company has entered into four new partnerships with developer Wesgroup Properties. Wesgroup is joining Crombie on its Kingsway & Tyne, Lynn Valley, Hastings and West Broadway projects in Metro Vancouver.

49-storey Toronto condo project goes into receivership

A project that was due to turn a historic Toronto church-turned-theatre into homes has gone into receivership. The corporations behind the development — listed as 736 BST Corp. and 2657819 Ontario Inc. in legal docs — were ordered into receivership last month.

Weihong Liu and the future of Hudson’s Bay Company

Weihong Liu, a Chinese-born Canadian billionaire investor, has emerged as a frontrunner in the race to acquire part of Hudson's Bay Co. If her bid succeeds, it could usher in a dramatic reinvention of the Canadian department store model.

HBC’s demise has hurt RioCan. It could help, too

Mall owner RioCan Real Estate Investment Trust (REI-UN-T) is in another slump. The unit price has declined 16 per cent since the end of February, amid questions about rising vacancies and deteriorating financial performance.

Guelph student housing project paused over $15M fee dispute

Forum Asset Management received approval from Guelph to construct two buildings featuring 587 beds. The company said the city’s decision to charge over $15 million in development charges makes the project “economically unviable” without significantly raising costs for students.

Ontario unveils plans to speed up housing, transit projects

The Ontario government is proposing to expand its ability to impose dense “transit-oriented communities” along public transit lines and restrict the ability of municipalities to demand certain studies before approving development – measures it says would speed up construction.

Our cities are breaking a promise to their residents

OPINION: For years, transit-oriented development has been framed as a solution to the housing crisis. Yet, this vision relies on some baseline assumptions: that the public realm will support this way of living. 

Toronto should reconsider how condo builds are financed

Pouyan Safapour thinks New York City builds condo towers the right way. There, developers receive construction loans and financing from lenders to build condos, and then sell the units once they’re built. 

Edmonton council to examine $553M downtown revitalization

Edmonton city councillors are set to debate a new Downtown Action Plan this week that could chart the course for more than a half-billion dollars to be put toward the development of the city’s core.

A CRE perspective on the Canadian election’s outcome

Over the past few months, amidst multiple tariff announcements out of the United States, we’ve had leadership uncertainty in Canada. With a new prime minister, we will see renewed certainty and forward momentum.

Port Alberni sees fresh investment at former mill site

An ambitious project to redevelop Western Forest Products' former Somass mill site on the Port Alberni waterfront is moving forward. A mixed-use development is planned for the 43-acre site, with residential, commercial and light industrial spaces.

Mass timber takes root in two Sudbury industrial builds

Structural steel has long been the material of choice for industrial buildings in Sudbury but Bloomington Developments has stepped out of that comfort zone to build two industrial buildings in mass timber.

Sony VFX giant to open 'cutting-edge' volume stage in B.C.

Sony’s visual effects giant, Pixomondo PXO, known for its VFX work on shows and movies like House of the Dragon, The Boys and The Penguin, has announced the opening of an LED volume stage in Metro Vancouver.

NYC’s tallest tower leases its highest floors for the first time

Some 1,100 feet in the air, almost as high as you can go anywhere in New York City, One World Trade Center is leasing office space for the first time — a striking milestone in Lower Manhattan’s long recovery.

Is the U.S. real estate demand cycle broken?

Industry professionals say shifting trade policies in recent months have largely thrown expectations out the window. Real estate owners, brokers, analysts and academics from across the U.S. are describing their struggles wading through the current uncertain economic climate.

Tariffs a speed bump on the road to brokerages' planned recovery

Commercial real estate’s biggest brokerages posted strong Q1 results, largely beating expectations and offering an indicator that a market recovery is in the making. But the firms also hedged expectations for the rest of the year due to macroeconomic uncertainty.

AI is changing a key data centre site consideration in an unexpected way

While AI was expected to make connectivity less important for many large-scale data centre projects, industry leaders today say it matters more than ever. The fibre requirements for data centre sites have become far more substantial and complicated.

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