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56-acre life science, technology park proposed north of Toronto
56-acre life science, tech park proposed north of Toronto
The owner of a 56-acre plot of land acquired 43 years ago for a hobby farm in Georgina, Ont., north of Toronto, is seeking to turn it into the Canadian Life Science and Technology Park.
CAPREIT acquires two-tower London apt. complex for $130M
CAPREIT (CAR-UN-T) has acquired the newly constructed Alto Towers apartments in London, Ont., for $130 million, the trust announced this morning. The transaction is part of $216 million in acquisitions and dispositions CAPREIT completed in Q1.
City planners pivot, recommend massive Wpg. mixed-use
A decade after it was first proposed, Winnipeg city planners recommend approval for Gem Equities’ proposal for 1,575 units in 23 “apartment-style” buildings, ranging from six to 22 storeys tall. Six of the buildings would include ground-floor commercial units.
CN plans to move Montreal HQ: Sources
The Canadian National rail carrier plans to move its head office not far from Victoria Square in downtown Montreal. Established at 935 rue De La Gauchetière Ouest since 1961, CN is eyeing 600 De La Gauchetière Ouest, according to sources.
AY sees green shoots in Montreal office market
Patrick Laurin, general manager of Avison Young in Montreal, sees a glimmer of hope in the office market. The availability rate fell slightly for the first time in a long time, dropping from 19.4% in Q4 to 18.5% in Q1.
AI could be long-term blow to the office market
According to Oxford Economics, the office market is the most exposed property sector in the U.S. to the impact of generative AI by 2032. Tthe Canadian market tends to generally align with the trends of its neighbour to the south.
 | CDN Global 34.088 acres of vacant land for sale in OttawaUnveiling the investment potential of 3809 Borrisokane Road: A gateway to prosperity in Barrhaven, Ottawa. Sponsored by: CDN Global |
Gardena underscores large-scale funding complexities
With interest rates continuing to cruise record highs, developers have had to become more creative with financing options. A case in point is Gardena, a 745-unit residential development Intracorp is developing in Coquitlam that combines strata-titled and rental units.
Tinder for homebuying: Wahi lets couples hunt for homes
Couples can swipe right on their ideal home with an app by Toronto-based real estate tech firm Wahi that lets partners get on the same page throughout the homebuying experience.
Rock Tech advances Thunder Bay-area lithium refinery plan
Plans to convert a former paper mill in northern Ontario into a lithium refinery have been finalized between Canadian companies Rock Tech Lithium Inc. (RCK-X) and BMI Group after a search for sites across North America.
The $421-million reimagining of the St. Lawrence Centre
TO Live, responsible for Toronto's civic performance venues, has unveiled details of its $421-million plan to redevelop the St. Lawrence Centre for the Arts, offering a glimpse into the facility which will be anchored by a state-of-the-art theatre.
T.O. to spend $37M on BMO Field upgrades for World Cup
On Tuesday, Toronto city council's general government committee awarded a $37-million contract for BMO Field upgrades that are necessary to meet FIFA hosting requirements and will enable the facility to accommodate more than 45,000 fans.
Galleria Supermarket embarks on Ontario expansion
Galleria Supermarket is in expansion mode across Ontario. The Galleria brand is looking for potential sites of 3,000 to 20,000 square feet in markets such as Aurora/Newmarket, London, Markham, Mississauga, Richmond Hill, Waterloo and Toronto.
Holt Renfrew Toronto Bloor Street flagship marks 45 years
The Holt Renfrew store at 50 Bloor Street W. in Toronto is marking 45 years of operations. When it opened in March 1979, it was met with considerable celebration and marked a milestone as the chain's largest store location.
L.A. office tower dumped by Brookfield faces foreclosure sale
The Gas Company Tower, in downtown Los Angeles, is facing foreclosure after Brookfield Asset Management walked away from the building. Appraised in 2020 at US$632M it is now worth closer to US$200M, according to Barclays.
AIMCo looks to increase Asia asset exposure to 15%
Alberta Investment Management Corp., one of the largest Canadian institutional investors, is seeking to grow its Asia portfolio contribution to about 10 to 15 per cent of assets under management, from its current mid-single digits.
Home Depot buys SRS Distribution for $18.25B
Home Depot (HD-N) is buying building-products distributor SRS Distribution Inc. for about $18.25 billion in a bid to bolster the company’s professional services business. SRS, based in McKinney, Texas, has more than 760 branches across 47 U.S. states.
U.S. CRE investment pros see 12% drop in bonuses
Bonus payouts for U.S. CRE investment professionals fell 12% year-over-year during 2023, according to a poll from Jackson Lucas that gathered data from 1,574 respondents. The decline in bonuses was offset by a three per cent overall increase in salaries.
Blackstone plans to invest $25B in India private equity assets
Blackstone Inc. aims to add an additional $25 billion of Indian private equity assets over the next five years, reflecting the South Asian country’s increasing allure to global investors.
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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