Groupe Quint has recently purchased and is about to close on more than 900,000 square feet of industrial real estate in several buildings in the Montreal area. The rapidly expanding Montreal-based firm has also established a foothold in the Detroit area.
Broccolini is reportedly in discussions to bring a massive Amazon.com sorting and distribution centre to the former Ford assembly plant site in Talbotville, near London, Ont. Amazon.com has already confirmed it will open two warehouses in London.
After attempts to sell all of the mall or shares of it over the last three years, Montreal-based real estate giant Ivanhoé Cambridge has agreed on terms to sell Victoria’s recently renovated Mayfair shopping centre. Financial terms were not disclosed.
As office tower vacancies in downtown Calgary exceed 30 per cent and the resulting hole in municipal tax revenues increases, the city has formally outlined its 10-year, $1-billion plan which calls for improvements to everything from cycling and pedestrian infrastructure.
An East Village parkade will be home to Calgary’s first “one-stop shop” for tech entrepreneurs. The $80-million Platform Innovation Centre and Parkade is a joint venture between the Calgary Municipal Land Corp., the Calgary Parking Authority and Platform Calgary.
CEO/president Byron Chard said Chard Development‘s offer has been accepted for the former White Spot restaurant property at Douglas Street and Caledonia Avenue in Victoria. Retail, offices and housing are included in the Vancouver-based firm’s plans for the site.
Crescent School, one of Toronto’s premier private schools for boys, has agreed to pay $42 million to acquire the land under the Bob Rumball Canadian Centre of Excellence for the Deaf (BRCCED). The site at 2395 Bayview Ave., is nearly seven acres.
Digital Realty (DLR-N), the largest global provider of cloud- and carrier-neutral data centre, colocation and interconnection solutions, announced the opening of its latest North American data centre in downtown Toronto, representing 800kw and 6,900 square feet of new colocation facilities.
The Retail Council of Canada is joining calls to establish rules for grocers and their suppliers, a significant about-face that could accelerate the campaign to check the power of the most dominant players in the Canadian grocery business.
REOC first-quarter financial results
Canadian National Railway Co. (CNR-T) made its first steps to address regulatory concerns over its proposed takeover of Kansas City Southern (KSU-N), committing to the sale of a KCS rail line in Louisiana where the two companies’ routes overlap.
San Jose city officials officially approved a plan for Google to build a massive campus in the heart of California’s third-largest city. The 80-acre Downtown West project will including 7.3 million square feet of office space and thousands of housing units.
Security Discovery‘s Jeremiah Fowler, who specializes in internet security and data protection, called real estate companies “an extremely valuable target” given the size of funds transferred in transactions. “Where else are you going to get hundreds of thousands of dollars?”
Pointe-Claire city council will hear the appeal of a redevelopment project being promoted by Brivia Group during a meeting scheduled for Tuesday. Brivia plans to erect five-, seven- and 10-storey sections for a total of 224 rental units at 575 St-Jean Blvd.
ANALYSIS: Consider what’s happened during the four months ended April 30 compared to the same period in 2020. Existing homes in Ottawa sold for an average of nearly $800,000 — up 34 per cent for a capital gain of roughly $200,000.
Vancouver realtor Andrew Szalontai’s online advice on “how to avoid the foreign-buyers tax” is a sign of the difficulty in tracking foreign ownership. The website offers a variety of strategies for circumventing B.C.’s 20 per cent foreign-buyers tax on residential dwellings.
Vancouver-based rental platform liv.rent announced it has added bitcoin as a form of payment, allowing tenants to pay their rent with cryptocurrency while the landlord receives fiat currency. The new payment method works the same as others on the platform.