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Ledim grows apartment development pipeline in eastern GTA
Ledim grows apartment development pipeline in eastern GTA
Ledim Developments has followed a similar path to several other GTA developers, as the family-owned firm has recently sharpened its focus on the multires sector. It's latest Kingston Road project, on its home turf in Ajax, is an example.
HarveyCorp JV buys biomed facility for life sciences campus
An empty, 700,000-sq.-ft. Quebec City health sciences complex once owned by biotech company Medicago has been acquired by a group of Quebec investors intending to transform it into a life sciences nexus.
TikTok Vancouver office closure big blow to employees
Earlier this year, TikTok expanded its Vancouver offices from a co-working space to a 16,000-sq.-ft. floor of the 32-storey tower at 595 Burrard St. Now it will close, along with TikTok's Toronto office
Toronto’s housing market will boom in 2025: Royal LePage
Toronto’s high-priced real estate market isn’t going the way of Manhattan — but could surpass Vancouver in the coming months, according to Royal LePage president and CEO Phil Soper, who says fundamentals that drive real estate markets are solidly established.
Lockouts hit Canada’s biggest ports: Montreal, Vancouver
Workers are locked out at Canada’s two biggest ports on Monday, after Montreal longshore employees rejected a contract with their employers group on Sunday night. Dock workers at British Columbia’s ports, including Vancouver, have been locked out for a week.
Retailers face crisis as port shutdowns threaten holidays
Canadian retailers face a potential crisis this holiday season as container traffic halts at the ports of Montreal and Vancouver, while a Canada Post strike looms. The Retail Council of Canada warns of potential severe disruptions due to delayed shipments.
Dutch DAC company Skytree opens N.A. HQ in Toronto
Dutch carbon capture company Skytree will be planting roots in Toronto as a beachhead for North American expansion, with plans for manufacturing its technology and supporting large commercial projects on the continent.
Vancouver Island industrial space tight, rates slide in Nanaimo
A competitive industrial real estate market on mid Vancouver Island continues putting a squeeze on sparse inventory. An annual fall report by Colliers International showed a vacancy rate of 1.9 per cent for industrially zoned building space around Nanaimo.
38-storey development proposed beside Weston GO station
Plans for a mixed-use development dubbed Hickory Tree Towers have been proposed for Toronto's Humber Heights-Westmount neighbourhood, where it would rise 38 storeys and deliver 421 dwelling units. Toronto-based Arkfield Development submitted the site plan in late October.
Windsor offers downtown parking lot for developer dreams
The City of Windsor is inviting developers to submit ideas for housing on another downtown parking lot. The request for expressions of interest is for a Pelissier Street lot, one of six city-owned properties made available for residential development.
Iconic Windsor venue which seats 900 up for sale
If you've ever dreamed of owning a theatre, here's a grand opportunity: The Olde Walkerville Theatre is up for sale. Current owner Mary Lambros says the deal is for the venue in its entirety: Stage, rigging, lights and all.
Hungerford to redevelop Kitsilano pub and liquor store site
A popular drinking hole in Vancouver’s Kitsilano neighbourhood will be redeveloped into a mixed-use development with rental housing. Local developer Hungerford Properties has submitted a new development permit application to redevelop 2828 West 4th Ave.
Halifax company hopes to speed up construction of highrises
HFX Steel Framing Solutions hopes to move into the high-rise building business, thanks in part to $270,000 from the Atlantic Canada Opportunities Agency with which the company is buying equipment used to produce heavier steel.
Portfolio of 18 quick-service restaurants for sale
A portfolio consisting of 18 quick-service restaurants overseen by Franchise Management has been listed with Marcus & Millichap’s NNN Group, based in Vancouver. FMI acquired the locations last year and is now divesting the real estate.
Fast-fashion retailer Dynamite files for IPO
Montreal-based clothing retailer Groupe Dynamite Inc. filed a preliminary prospectus for an IPO with Canadian securities regulators, disclosing rising revenue and net income. The offering will consist of existing shares. Groupe Dynamite will not receive proceeds from the IPO.
Dye & Durham shares tumble on competition probe
Dye & Durham shares fell after Canada’s Competition Bureau obtained a court order to investigate alleged anti-competitive conduct at the company. The probe is focused on Dye & Durham’s conveyancing software used in residential real estate transactions.
BGO pays $60M for Miami cold-storage facility
BGO Cold Chain has purchased Medley Cold Logistics, a 178,000-square-foot class-A cold-storage facility in Miami. Truist Securities sold the asset for US$60 million, according to Miami-Dade County records. JLL brokered the deal for the seller.
Brokerage firms ride leasing comeback to strong quarter
CRE brokerages surprised analysts in Q3 by crushing market predictions. Cushman & Wakefield’s report presented an earnings increase of 15%, JLL 31%, and CBRE and Newmark Group surpassed forecasts by 13% and over 6%, respectively according to Zacks Investment Research.
CRE’s DEI drive faced setbacks but achieved minor gains
Bisnow's fifth DEI Data Series, an ongoing investigative project that examines the diversity of the boards and executive leadership of the biggest companies in commercial real estate shines a spotlight on racial and gender inequality in the industry.
Voters give thumbs-up to $2B of development on Watson Island, Fla.
Two high-rise projects will rise on Watson Island in Biscayne Bay after Miami residents voted to greenlight the developments. Terra Group and ESJ Capital Partners gained approval to redevelop the Jungle Island animal theme park.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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