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Orion to build 296K-sq.-ft. Surrey ind. facility for Nanak Foods
Orion to build 296K-sq.-ft. Surrey ind. facility for Nanak Foods
Orion Construction will construct a 296,000-square-foot processing plant in Surrey's Campbell Heights business park for Nanak Foods, North America’s largest supplier of dairy-based South Asian foods.
Killam sells 11 P.E.I. residential buildings for $27M
Killam Apartment REIT (KMP-UN-T) sold five Prince Edward Island properties for $27 million. The 227 residential units across 11 buildings reflects the sale of Country Place, 27 Longworth Ave., 280 Shakespeare Dr. and the Ducks Landing apartment buildings.
T&T hires real estate ‘guru’ to oversee U.S. expansion
Asian supermarket chain T&T Supermarkets has named Chris Pine head of real estate to oversee its U.S. expansion. T&T operates 33 Canadian stores and is set to open its first U.S. store in Bellevue, Wash., next year.
Primaris to acquire Halifax Shopping Centre, Annex for $370M
Primaris REIT (PMZ-UN-T) is continuing to buy premium retail properties across Canada, announcing Monday morning it has an agreement to acquire the Halifax Shopping Centre and the Annex for $370 million.
Canadian CRE market remains steady in Q3 2023: Morguard
Morguard's 2023 Canadian Economic Outlook and Market Fundamentals - Third Quarter Update reported overall the major Canadian commercial property sectors remained stable in the third quarter and that the Canadian economy is forecast to strengthen from Q3 2024 onwards.
Metro Van. renews $3.5B infrastructure plea to feds
Metro Vancouver’s board is calling on the federal government to invest $3.3 billion in a new wastewater facility and over $200 million to back the construction of affordable housing over the next decade.
Don’t throw out Brookfield Infra with bath water
Shares of Brookfield Infrastructure Partners LP (BIP-UN-T) have fallen like a stone. As unpleasant as that’s been, there’s nothing inherently wrong with Brookfield Infrastructure’s businesses. The chief problem is rising interest rates.
Brookfield on path to boost earnings with insurance arm
One of the cornerstones of Brookfield Corp.’s (BN-T) plan to boost its earnings over the next five years is a business that barely existed for the company three years ago: Its fast-growing insurance arm.
Calgary getting its first esports arena
Bow Valley College will be home to a new digital entertainment centre that will transform the esports and digital media industries in Calgary. The Calgary Entertainment Arts Production Hub (CEAPH) will be located in Calgary’s core at the college.
Architect La Roche leads Arcadis NV sustainability program
Amsterdam-based sustainable design company Arcadis NV is fully committed to decarbonizing the built environment, a mission being spearheaded by architect Pablo La Roche. Last year, Arcadis became a major player in Canada with the acquisition of Toronto-based IBI Group.
Asking price of GTHA housing drops, but rents stay high
Average asking prices for unsold single-family housing in the Greater Toronto and Hamilton Area (GTHA) were down 30 per cent in October 2023 from their peak in July 2022, according to analysis from Bullpen Research & Consulting Inc.
Feds to make short-term rentals less lucrative: Report
A narrowly focused fall fiscal update coming Tuesday from federal Finance Minister Chrystia Freeland includes a measure designed to make it less lucrative for people to use their properties as short-term rentals, the Star has learned.
Feds announce $2B for rental housing in Ontario, Maritimes
Over two days the federal government has announced over $2 billion in funding to support purpose-built rental projects in six Canadian municipal regions. The funding will come as repayable low-interest loans through the Rental Construction Financing Initiative (RCFI).
B.C. begins effort to protect existing rental supply
The Rental Protection Fund, B.C.s new strategy to acquire existing apartment buildings, is well underway, with several buildings on target for possible approvals by the end of 2023. The province’s $500-million contribution is the initial injection of cash.
Plan for rural Manitoba development falls through: Sources
Plans to transform 104 acres off Manitoba's Pelican Lake into a resort has fallen through. Funding for the development did not come through as expected, and project entrepreneur Brett Sheffield died following a random act of violence in Toronto.
Ivanhoé JV opens 518-unit San Jose community
A joint venture between Ivanhoé Cambridge and Shea Properties has completed and opened Sixth & Jackson, a 518-unit community in San Jose. Partners included general contractor Swenson Builders, architecture firm Ankrom Moisan and CDC Designs as the interior designer.
BXP sells $746M stake in life science assets
BXP has agreed to sell a 45 per cent interest in two life science properties in Cambridge, Mass., to Norges Bank Investment Management. The assets include a combined 810,000 square feet and were valued at $1.66 billion.
Wave of loan maturities signals looming office distress
Net income for office properties has grown harder and harder to maintain as the number of challenges for the sector has continued to grow. The U.S. vacancy rate as of September was 17.8 per cent, says the CommercialEdge market bulletin.
Walmart grows industrial footprint
Walmart said it is expanding its supply chain through new distribution and fulfillment centres as it saw revenue increase by 5.2% to $160.8B. It also also plans to modernize and invest in other distribution centres already in its portfolio.
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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