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Prairie Gateway industrial land for sale near Calgary

3 days ago

Prairie Gateway industrial land for sale near Calgary

A significant land parcel in southeast Rocky View County, Alta., is gaining attention as a pivotal piece of the ambitious Prairie Gateway project - an estimated $800-million inland port and logistics hub expected to reshape the region’s industrial landscape.

Brigil unveils vision for $1.3B Gatineau retail redevelopment

The aging Village Cartier shopping centre in Gatineau, Que., which neighbours the city of Ottawa, is set to be redeveloped into a $1.3 billion neighbourhood to be known as Espace Canevas by its owner, Brigil.

Liu lacks ‘foundational’ experience: Cadillac Fairview CEO

Landlords have yet to receive a “meaningful business plan” from Ruby Liu, or any evidence that she has the experience necessary to run department stores in former Hudson’s Bay spaces, the CEO of one of Canada’s largest CRE companies says.

Couche-Tard cagey about the likelihood of 7-Eleven takeover

Alimentation Couche-Tard, the Canadian convenience store giant trying to take over 7-Eleven, says it has started talks with its Japanese rival on a possible deal, even as a challenging U.S. retail environment is hurting its financial results.

Decathlon to close all its Toronto-area stores

Decathlon, the world’s largest sporting goods retailer, plans to close all five of its Toronto-area stores late this summer. The French retailer has stores in Brampton, Burlington, Markham, Scarborough and Vaughan.

Deadline for MPAC’s annual information request is approaching

Owners of more than 35,000 properties in Ontario have received a request from MPAC for income and expense information. Discover the new enhancements that make the submission process easier than ever and learn how your contributions support quality assessments.

Sponsored by: Municipal Property Assessment Corporation

Sunterra nears business as usual amid legal battles

Sunterra Market is nearing a return to normal operations after filing for creditor protection earlier this year when its U.S. subsidiaries faced financial fraud allegations. The grocer operates seven locations in Calgary, two in Edmonton and one in Red Deer.

A look at the $30B neighbourhood being built in Toronto

The plans for the former Downsview Airport are enormous — 10 new neighbourhoods, seven of which of will be built by Northcrest Developments, with an anticipated 65,000 residential units. Canada Lands Company is developing an adjoining 151 acres.

Hamilton council rejects boundary expansions

City council has rejected two developer pitches to expand Hamilton’s urban footprint and build thousands of homes on farmland in the coming years. Combined, the two proposed plans would have added 47,600 homes.

One of Vancouver’s biggest rental projects just completed

The recent completion of one of the city’s biggest purpose-built rental projects — The Signal from Intracorp Homes and Oxford Properties — comes at a time when prospective tenants have more options and bargaining power than they’ve had in years. 

Metro Vancouver mulls DCC overhaul amid industry pushback

Metro Vancouver has commissioned a new report that reviews and analyzes development cost charge (DCC) categories and definitions, which could potentially lead to new policies more palatable to developers who have complained about steep rate changes that began in January.

Fonds FTQ, Urbania break ground on Laval condo project

The Fonds immobilier de solidarité FTQ has partnered with Urbania on U-Bahn Condos. A groundbreaking ceremony was held this week for the 221-unit transit-oriented development to be located just steps from the Montmorency metro station in Laval. 

Strategic Storage Growth Trust III acquires facility in B.C.

Strategic Storage Growth Trust III, Inc. has announced its acquisition of a class-A self-storage facility located at 1305 East 7th Ave. in Vancouver. The five-storey, purpose-built facility offers approximately 52,400 net rentable square feet. 

Billionaire Peter Gilgan can't stop giving away his money

The money was starting to roll into homebuilder Mattamy Homes in 1980 and founder Peter Gilgan was gripped “by the holiday spirit” on Christmas Eve. He went to Joseph Brant Memorial Hospital in Burlington and wrote a $50,000 donation.

Real estate podcasts

Canada’s population drops, real estate reacts, Vancouver Life RE Podcast
National market updates, Canadian Real Estate Investor
Todd Mildon, Oxford Properties: Why class-A properties still win, CRE Podcast

Brookfield to sell Australian senior housing platform Aveo for $2.5B

Brookfield Asset Management will sell its Australian retirement home operator Aveo to The Living Company for US$2.5-billion, the Canadian company said on Thursday.

Baker Tilly takes lease in QuadReal and Thor Chicago office building

QuadReal Property Group and Thor Equities Group have announced a long-term lease with advisory, tax and assurance firm Baker Tilly at 800 W. Fulton in Chicago. The Fulton Market office building is now fully leased.

Data centre surge in small Virginia county continues with $17B project

Data centre developer EdgeCore Digital Infrastructure is planning a 1.1-gigawatt campus in Louisa County, Va., a rural county near Richmond that has quickly gone from a data centre hinterland to a digital development hotbed. 

Kaizen begins $370M Dallas mixed-use

Kaizen Development Partners has started working on a US$370 million mixed-use project in Dallas, Tex. Upon its 2028 completion, the property will comprise more than 400,000 sq. ft. of trophy office space, a luxury hotel and 61 condos.

Industry Events