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TAS to transform newly acquired Toronto industrial building
TAS to transform newly acquired Toronto industrial building
TAS acquired a 290,000-square-foot industrial building at 1500 Birchmount Rd. in east Toronto in a receivership sale last month, but the site will offer more than what are generally considered industrial uses when it’s upgraded for new tenants.
Armoyan becomes chair of Slate Office REIT board
In the latest chapter during a year of upheaval, financially troubled Slate Office REIT (SOT-UN-T) has a new chair of its board of trustees, with George Armoyan taking over from Sam Altman, and Shant Poladian also joining the board.
Municipal policies slam brakes on housing development
GUEST SUBMISSION: When a local government adopts a new land use policy, it would be reasonable to think it has been financially tested and, on some level, offers a viable path to creating the type of housing it purports to allow.
Fitzrovia launches $1B fund to build up Toronto rental stock
Toronto developer Fitzrovia recently made its first investment using a new $1.1-billion fund backed by pension plans to acquire the rights to redevelop a 24-storey office building on midtown Toronto’s St. Clair Avenue West.
MST has deal in place to buy out CLC from 2 major projects
The Musqueam, Squamish and Tsleil-Waututh First Nations have a deal in place to buy the Canada Lands Company's stake in the Heather Lands and Jericho Lands projects, STOREYS has learned.
Dream begins construction on planned community in Ottawa
Dream (DRM-T) and its partner Multifaith Housing Initiative have broken ground to start construction on Odenak, the latest development in Ottawa's LeBreton Flats. Located at 665 Albert St., the project will include 608 rental units.
49-storey tower proposed near Toronto's Kipling Station
A new high-rise proposal would add to the rapidly densifying area around Etobicoke's Kipling station. Marlin Spring Developments, after acquiring the site on Dundas Street West in July, has submitted plans for a 49-storey residential tower.
$100M apartment building proposed for downtown Grimsby
The busy corner of Mountain and Elm streets in Grimsby could get a huge makeover. Toronto-based Castlepoint Numa is looking to build a 10-storey, 252-unit rental complex at 13 Mountain St. and 19-23 Elm St.
Positive net absorption on horizon for office market: CBRE
CBRE released Canada Office Figures Q3 2024, which reports overall office market activity was neutral this quarter with just 53,000 sq. ft. of negative net absorption. Yet, the market should report its first positive net absorption year since 2019.
How lab design is evolving to meet modern research needs
Today’s life sciences researchers seek collaborative, flexible spaces that adapt to their shifting priorities and foster teamwork. In response, architects and designers are reimagining laboratory spaces – to meet scientific demands and enhance the experiences of the people working within them.
Behind-the-scenes look at $50M Gateway Casino rebuild
Amid the flashing lights and ringing sounds as guests play slot machines and table games, Gateway Casinos London at Western Fair District is preparing to open the second phase of a five-phase $50-million reconstruction.
U-Haul buys Royalty Maples Cottages property in P.E.I.
U-Haul Moving and Storage has bought the property formerly known as Royalty Maples Cottages in Charlottetown. However, the rental buildings that dotted that land may have a new life.
Manulife CEO Gori to retire, Witherington named successor
Manulife Financial Inc. (MFC-T) has announced chief executive Roy Gori will retire in May and be succeeded by Phil Witherington, who is currently chief executive of Manulife Asia.
Deconstruction could solve waste of demolishing buildings
Deconstruction may seem slow and costly compared to just knocking something down. But there's growing interest from building owners and the construction industry in taking a more careful approach, cutting waste and emissions and giving new life to old materials.
Fortress Mountain ‘stoked’ about all-season resort plan
Ownership at Fortress Mountain, the infamously dormant downhill skiing mountain in Kananaskis, Alta., says it is “stoked” about proposed legislation that would open Crown land for all-season resort development and increase lease terms by nearly fourfold.
REIT and REOC Q3 financial reports
Bridgemarq Real Estate Services, (BRE-T), Canada Newswire
Chartwell Retirement Residences, (CSH-UN-T), Canada Newswire
Gulf & Pacific Equities Corp., (GUF-X), Globe Newswire
Northview Residential REIT, (NRR-UN-T), Globe Newswire
Starlight Western Canada Multi-Family No. 2 Fund, Canada Newswire
London office deal lifts Ares' U.K. spending past $2.2B this year
U.S. private equity investor Ares Management has completed a deal to buy a West End office for C$240M, which lifts its spending in U.K. real estate over $2.2B this year.
New data centre provider launches targeting office conversions
A new company has launched with a strategy of converting offices in major cities into data centres. Based in London, U.K., EdgeNebula says it can convert a vacant commercial building into a data centre in as little as two months.
Castle & Cooke lands $140M for California shopping centre
Castle & Cooke has received $140 million in financing for Crossings at Corona, a 833,995-square-foot shopping centre in Corona, Calif. Deutsche Bank AG provided the loan, in a deal brokered by JLL Capital Markets.
Allstate thinks outside the cubicle with flexible workspaces
Insurance giant Allstate has sold its Chicago headquarters and now wants 25 per cent of its corporate staff to use coworking spaces, in a rare move by a big employer.
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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