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Matthews, Tribal Partners team up to create Matthews Tribal

1 month ago

Matthews, Tribal Partners team up to create Matthews Tribal

After more than a decade of collaboration, Dallas-based developer Matthews and Vaughan, Ont.-based developer Tribal Partners have joined forces through what Matthews senior vice-president Phill Geheb calls a “strategic corporate combination” to create Matthews Tribal. 

Distinctive O'Connor property being sold in Toronto

A unique and historic Toronto property currently used as a seniors assisted living and care centre at O’Connor Drive and Broadview Avenue in East York is being sold by the Sisters of St. Joseph of Toronto and marketed by Colliers.

Major transformation on the horizon for CDPQ RE portfolio

Caisse de dépôt et placement du Québec's Charles Emond was clear: a major transformation of the RE portfolio is coming. "We no longer want to be operators, but investors," he said. "We are going from one extreme to the other."

In Toronto condo land, the investor buyer has left the building

As sales of new preconstruction condominiums have fallen to multidecade lows, more developers are turning away from the sugar high of investor-purchasers and rediscovering “end-users”: otherwise known as people who intend to live in the condo they buy.

National Bank’s real estate business building momentum

National Bank successfully launched a licensed real estate services brokerage in 2024. NBF Real Estate Services Inc. added property sales and NBF Mortgage Brokerage Services Inc. added a licensed mortgage brokerage to its suite of advisory services and capital markets expertise.

Sponsored by: National Bank

45-storey tower proposed on Yonge St. in Thornhill

Arkfield Development is proposing a 45-storey residential tower for 7079 Yonge St. in Markham’s Thornhill area. The proposal includes 568 residential units and 4,200 sq. ft. of retail space.

Another tower planned for King and Caroline in DT Hamilton

The southwest corner of King Street West and Caroline Street South has been pegged for redevelopment by Oakville-based Lavish Design Build, which plans to bulldoze the lot and build a mixed-use condo tower.

How B.C.'s two biggest cities plan to build housing

Cranes tower over the offices of both Josh White and Ron Gill, the planning experts who must figure out how Metro Vancouver’s two most-populous cities will build more homes in a crippling housing crisis and an economic downturn.

B.C. tests extending early marketing period for developers

The B.C. Financial Services Authority has launched a pilot program that extends the “early marketing period” for developers with large projects of 100-or-more homes by six months, allowing developers 18 months to secure their approvals and financing.

Kingston's downtown poised to enter a new era

A couple of years out from the COVID-19 pandemic, a handful of large infrastructure proposals and new residential developments hold the promise of making the downtown core more prosperous than ever.

Modular Precast leading on prefab concrete construction

An 11-storey rental building slated for KingSett Capital’s Valhalla Village development in Etobicoke will be one of the first in North America made from prefabricated concrete components, courtesy of Modular Precast Systems Inc.

Room rate growth continues in Canada's hotel sector

Canada’s hotel industry reported positive performance year-over-year, driven by growth in room rates, according to January data from CoStar. Occupancy rose 0.3 per cent to 49.8 per cent while the average daily rate increased 2.7 per cent to $180.

Hollywood Theatre in Kitsilano changes ownership

There has been a change of ownership in a historic cultural and entertainment venue in Vancouver’s Kitsilano neighbourhood. Vancouver-based developer Dayhu Group of Companies announced it had acquired the Hollywood Theatre and Hollywood Residences buildings following recent renovations.

Real estate podcasts

Stéphan Déry, Canada Lands Company: Downsview West, CRE Library
Vic Gupta, CreateTO: Affordable housing and major projects, CRE Podcast
Chris Kasianchuk, Warrington PCI: The future of sustainable CRE, VCREP

BSR REIT to sell 9 properties to AvalonBay

BSR REIT (HOM-UN-T) announced it will sell nine Texas properties, consisting of 2,701 apartment units, to AvalonBay Communities for approximately $887.8M (US$618.5M). Six of the properties are in Dallas and three are in Austin.

Eli Lilly to invest $27B building 4 U.S. manufacturing sites

Eli Lilly and Co. plans to bolster its medicine production with a US$27B investment in four new U.S. pharmaceutical manufacturing sites, bringing its total capital commitment to future expansion to more than $50B.

U.S. REITs ready to put funds to work

REITs are heading into 2025 with an appetite to grow and the liquidity to support deal-making. The big question is whether they will find opportunities in a market where interest rates are likely to remain higher for longer.

Industrial developers turn away from New York City

A new rule in NYC requires distribution centres to go through a special permitting process that would give local politicians power to block a project. The legislation, made public in May, was immediately dubbed a “total killer” for the sector. 

Derwent, Shaftesbury see values rise as London rents surge

Landlords Derwent London Plc and Shaftesbury Capital Plc saw the values of their portfolios jump more than four per cent last year as a shortage of space pushed rents higher in London for both office and commercial properties.

Industry Events