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Recent Articles

Appelt Properties plans medical, multires in mixed-use Surrey tower

2 months ago

Appelt plans medical, multires in mixed-use Surrey tower

RENXResidentialRENX

There are two things Canada’s rising population will require without a doubt: housing and healthcare. Toronto-based Appelt Properties has found a way to put those two necessities together with a new mixed-use tower planned for Surrey City Centre.

Hillcore Group acquires CEDA from OMERS

CommercialConnect Canada CRE

Toronto-based Hillcore Group has acquired industrial maintenance firm CEDA from OMERS for an undisclosed price. Calgary-based CEDA has 1,500 employees and locations across Canada and Texas. Hillcore invests primarily in real estate, seniors living, industrial, logistics, forestry and energy sectors. 

One Yonge teardown proposal fires up carbon cost debate

ResidentialGlobe and Mail

A proposal to tear down the 25-storey former headquarters of The Toronto Star to build two larger towers has put the spotlight on climate concepts known as embodied carbon and more sustainable “circular” construction ideas.

Sobeys parent Empire slowing e-commerce expansion

CommercialGlobe and MailReuters

Sobeys parent Empire Co. Ltd. (EMP-A-T) is slowing its e-commerce expansion, putting a planned warehouse on hold, and ending its exclusive partnership with technology provider Ocado Group PLC, as it seeks to improve the profitability of its Voilà online service.

City council seeks to boost Edmonton's lagging ind. tax base

CommercialCBC

The City of Edmonton gets a smaller portion of industrial development than other area municipalities, a new report shows. Edmonton's share of the region's non-residential properties dropped from 72 per cent in 2008 to 60 per cent in 2022. 

Trailblazing Canada’s industrial buildings of the future

The team behind KingJane Business Park is working on an immense industrial development with next-generation design technology for the growing number of tenants and users that must have scale, convenient access, top-shelf amenities, flexibility and a certified zero-carbon footprint. 

Sponsored by: Colliers Canada

CP24 leaving Queen St. for Bell Media’s Scarborough studios

CommercialHamilton Spectator

While it’s unclear whether CP24’s iconic car hanging out of the Bell Media building at 299 Queen St. W. will remain, the media giant has announced a swath of changes to its news operations at its Scarborough campus.

New 90,000 sq. ft. health complex for Montréal-Nord

CommercialPR Newswire

Réseau MAclinique, in partnership with the Fonds immobilier de solidarité FTQ, has broken ground on Complexe Santé Sault-au-Récollet, a new clinic for primary healthcare needs. The 90,000-sq.-ft. complex will house family doctors, public-sector specialists and paramedical professionals.

PCI & Low Tide proposing three towers in Vancouver

CommercialSTOREYS

PCI Developments and Low Tide Properties have submitted their rezoning application for the project they have planned for the future Great Northern Way-Emily Carr Station being constructed as part of the Broadway Subway Extension in Vancouver.

Moncton sells land for two 17-storey riverfront buildings

CommercialCBC

Moncton council has voted to sell city-owned land to a developer proposing a pair of 17-storey mixed-use towers on the downtown riverfront. Councillors unanimously approved the sale to J.N. Lafford Realty Inc. for what city documents call Gateway Towers.

Wall Financial selling planned Vancouver high-rise site

ResidentialSTOREYS

Less than two years after submitting a rezoning application, Wall Financial Corporation is backing out of its planned high-rise rental project at 1065 Pacific St. in the west end of Vancouver.

$1.5B infrastructure bill for Ottawa's Tewin raises concerns

InfrastructureCBC

The steep cost of building water and sewer infrastructure for the planned Tewin community has one councillor worried the city faces "forever sprawl" in southeast Ottawa. Capital Ward Coun. Shawn Menard said water costs alone will reach $600 million.

City of Regina mulls financing REAL's debts to keep it afloat

CommercialCBC

Regina's executive committee is endorsing keeping Regina Exhibition Association Limited (REAL) as an entity with a modified mandate — and possibly approving a bailout in the range of $7.1 million to $11.1 million in next year's city budget.

Regina short $429M in debt room to chase big capital projects

InfrastructureRegina Leader Post

The city says it does not have enough debt room to support all seven major capital projects council plans to pursue in the next five years, which include a new indoor aquatic facility and central library branch.

Halifax street redesign proceeds despite rising costs

InfrastructureCBC

After years of planning, Halifax is moving ahead with changes to the Windsor Street exchange to improve traffic flow, but the projected cost is rising - expected outlay has doubled to $103.8M.

'A crisis is about to happen': US$929B in CRE debt coming due

CommercialMSN

Entrepreneur Tom Ellsworth believes “a crisis is about to happen” in the U.S. banking system. One-fifth, or $929 billion, of the $4.7 trillion of outstanding commercial mortgages held by U.S. lenders and investors will come due in 2024.

Funds in CRE warn of stranded-asset shock

CommercialBloomberg News

Fund managers overseeing commercial real estate say their portfolios hold significant assets that can be considered stranded due to energy requirements being implemented in Europe. Half of those surveyed say over 30 per cent of their assets are currently stranded.

Padlock consolidates funds, creates Padlock Euro Storage Fund I

CommercialPR Newswire

Padlock Funds I, II and III announced an agreement to consolidate assets through an acquisition of Fund II and Fund III by Fund I. Following completion, the consolidated fund will be named Padlock Euro Storage Fund I.

Why private equity is piling into U.K. hotel portfolios

CommercialBis Now

After a few up-and-down years in the wake of the pandemic, the U.K. hotel market has caught fire in 2024, driven by private-equity giants buying huge portfolios of mostly midmarket hotels. 

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