On one hand, partnering with Fengate Asset Management on two mid-rise apartment/retail buildings in Ottawa is a significant step for Regional Group of Companies. On the other, Regional Group COO Dave Wallace calls it a completely natural next step.
Canada’s top fairways could soon be driveways. The National Golf Club of Canada, a male-only private course in the Toronto suburbs, recently drew an unsolicited buyout offer for about $120 million from a real estate developer.
Hudson’s Bay Company (HBC-T) has agreed to be taken private by a shareholders’ group led by chairman Richard Baker at $10.30 per share. The price is nine per cent higher than a $9.45 per share offer from the group in June.
French sporting goods retailer Décathlon will open its second Ontario store in the lower level of a former Sears at the Mapleview shopping centre in Burlington in the fall of 2020. Décathlon opened its first Ontario store in Ottawa in September.
Google affiliate Sidewalk Labs has been trying to win the support of Canada’s venture-capital community in the months leading up to a crucial make-or-break deadline for its proposal to develop a high-tech neighbourhood on Toronto’s waterfront.
This summer, the City of Toronto partnered with MaRS Discovery District, George Brown College, Fitzrovia Real Estate and an innovative startup called ReMAP to create a new urban manufacturing space and incubator for entrepreneurs as part of a residential development.
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Queen’s Park is gearing up to select the successful bidder to transform Ontario Place into a “year-round” destination. “This could include exciting sport and entertainment landmarks, public spaces and parks, recreational facilities, as well as retail,” said spokesman Derek Rowland.
Thursday, a record one million British Columbians participated in the 2019 Great British Columbia (BC) ShakeOut, joining over 66 million people around the world. ShakeOut provides practical, simple training that can save lives during an earthquake.
Resident of Vancouver’s Hastings-Sunrise neighbourhood who’ve spent years waiting for the redevelopment of London Drugs’ property will continue to wait. Its store remains open on the property, while buildings on either side have been knocked down in anticipation of redevelopment.
Just take a walk along False Creek or Coal Harbour and you’ll find yourself surrounded by towers of glass in various inoffensive shades of light grey, blue, and that iconic seafoam green. Why are Vancouver’s buildings so lacking in colour?
The bohemian Toronto neighbourhood of Kensington Market has long been a hotspot for weed culture and home to pot lounge Hotbox Cafe, but one year after the legalization of recreational cannabis there still isn’t a single legal weed retailer here.
Nearly two years after its grocery store closed because of flooding, St. Norbert is getting a brand-new Red River Co-op food store. The 31,000-square-foot South Winnipeg store will also contain a pharmacy.
The proposed Nordic spa at Fort Edmonton Park is dead in the water. Fort Edmonton Management Co. (FEMCo) announced Friday the organization and the Edmonton Nordic Spa group have “dissolved their partnership,” according to a news release.
RioCan REIT (REI-UN-T) announced it has reached an agreement with a syndicate of underwriters to issue to the public, subject to regulatory approval, on a bought-deal basis, 7,770,000 trust units at a price of $25.75 per unit for gross proceeds of $200,077,500.
Crombie REIT (CRR-UN-T) is positioned to benefit from operational improvements from its main tenant, Sobeys, which represents 55 per cent of the REIT’s revenue. In addition, Crombie’s capital recycling program is expected to result in net asset value and earnings growth.
Vancouver House is more than just another high-rise – almost everyone has an opinion about it. Some love it for standing out in a sea of rectangular cuboid towers; others hate it as a symbol of the city’s real estate mania.
Many British Columbians are veering away from the traditional path of their parents in buying a home in the suburbs. It appears developers are taking notice or being nudged by market forces to shift their business model in sluggish conditions.
Retired school principal Mary Alice St. James struggled to maintain her composure before Burlington’s planning committee last week. She was pleading for the city’s help in curbing the noise, parking hassles and trespassing emanating from a mansion listed on Airbnb.
It’s human nature for people to see a problem and want to fix it. Take the housing market, for example. All of the main parties campaigned hard in this election on the promise of making homes more affordable.