LocationsRecent Articles
Artis to sell new-construction Houston industrial park for $320M
Artis to sell new-construction Houston ind. park for $320M
Artis REIT (AX-UN-T) has an agreement to sell one of its premium properties, the newly developed 1.8-million-square-foot Park 8Ninety industrial centre in Houston, to U.S.-based KKR as the trust continues divesting assets to strengthen its balance sheet.
Housing developers struggle with population boom puzzle
A theme found its way into nearly every keynote presentation, plenary and panel discussion when the commercial real estate industry met April 3 at the Vancouver Real Estate Forum. Canada’s population is booming and it’s causing some gain — and pain.
Pension funds seeking RE diversification at home, abroad
Significant headwinds in the commercial real estate sector have impacted the number of transactions seen in 2023, leading institutional investors to pursue diversification at home and abroad, says Lewis Gascoigne, an investment consulting principal at Eckler Ltd.
Galleria on the Park progresses with Phase 2
Construction is advancing on the second phase of Almadev's Galleria on the Park, Galleria III, in Toronto's Wallace-Emerson neighbourhood. The Hariri Pontarini Architects-designed 31-storey addition will comprise 427 condo units in addition to retail space.
Colliers’ Ottawa office leasing transactions at 2019 levels
Colliers says it’s on pace to close its highest number of office leasing deals since before the pandemic – a trend that suggests things could be turning around for Ottawa’s beleaguered office market, says Warren Wilkinson, senior managing director in Ottawa.
 | Alterra Developments Alterra Developments announces appointment of new CFOLeading Greater Toronto Area real estate developer names Annamalai (Malai) Muthu as the company’s new CFO in a pivotal leadership transition as part of Alterra Development’s strategy for continued growth and modernization. Sponsored by: Alterra Developments |
Committee approves new Ottawa subdivisions
The City of Ottawa’s Planning and Housing Committee has approved zoning amendments for 570 residential units in 20 detached homes, 150 townhouses, four-storey apartment buildings, and a nine-storey mixed-use building in Stittsville and a nine-storey, 126-unit building In Kanata.
Chiniki F.N. invests in Calgary mixed-use redev.
A recent $10-million investment into Symons Valley Ranch gives Chiniki First Nation a 51 per cent stake in the historic 12.4-hectare northwest Calgary property which has been approved for 1,500 residential units, retail and commercial uses.
Economic strains dampen Montréal’s retail growth: JLL
Montréal retail sales growth is expected to wane amid challenging economic conditions despite future completions, according to the recent Montréal Retail Spring 2024 report by commercial real estate firm JLL.
Italian-themed Fazoli’s plans 25 Canadian locations
American-based Italian food brand Fazoli’s is kicking off its international expansion with 25 locations in Canada over the next 10 years with the first ones expected to open in 2025 in Alberta. The brand's parent company is FAT Brands.
Denninger’s new CEO takes a look ahead
It’s early morning in February and inside Denninger’s Burlington, Ont., location there’s a flurry of activity in the specialty grocery store with strong European vibes, a nod to its German roots.
Consumers getting back to discretionary spending: Roots
Roots Corp. (ROOT-T) executives say the back half of 2024 will likely see consumers edging back into purchasing discretionary goods they forewent as inflation and interest rates climbed.
RE companies get money-laundering failing grades: FinTRAC
A report from the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) found most banking and real estate companies it audited last year are not following the country’s anti-money laundering laws, sparking calls for greater oversight and higher fines.
Ottawa again shows lack of imagination on Lansdowne
OPINION: For some inexplicable reason, the City of Ottawa has developed an aversion to design competitions that most cities routinely undertake to attract the best and brightest in order to bring new and innovative ideas to major projects.
California lenders have outsized CRE debt concentration
California, an epicentre of last year’s regional-bank turmoil, is also at the forefront of the industry’s latest trouble spot: commercial real estate. Almost a third of its 127 registered banks have property debt above 300%, the most among U.S. states.
Traders flee U.S. real estate stocks
Investors are dumping real estate stocks after a hotter-than-expected inflation reading quashed expectations for an imminent break from elevated interest rates. S&P 500 Index shares lost more than 4% Wednesday, on track for its worst day since mid-2022.
Applied Materials weighs scrapping $4B R&D facility
Applied Materials reportedly might pull the plug on developing a $4B research and development centre in Silicon Valley due to a lack of government funding. The EPIC Center, a 180,000-square-foot facility, was announced last May.
U.S. tech leasing to remain depressed
The U.S. tech industry's retreat from office space, accelerated as the industry ramped up layoffs and normalized hybrid work schedules, promises another year of sluggish leasing, further stressing an already strained market. No turnaround is expected in the near term.
Aareal reduces non-performing U.S. office loans by $543M
Germany's Aareal Bank AG said it reduced the volume of non-performing U.S. office loans by about $543 million US as it moves to contain the fallout from deteriorating real estate markets.
Costco acquires Dallas office building for $14.25M
Costco Wholesale Corp. purchased a North Dallas office tower out of bankruptcy with plans to breathe new life into the 1980s-era property. The retailer snagged North Central Plaza I for $14.25M, or about $72 per square foot.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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