Cadillac Fairview will develop a new suburban downtown area around its CF Fairview Pointe-Claire mall on Montreal’s West Island. Project Fairview will surround the 52-year-old shopping mall at Highway 40 and St-Jean Boulevard, which itself is getting a makeover.
French bank Natixis has agreed to buy an 11 per cent stake in Canadian asset manager Fiera Capital Corporation (FSZ-T) for around $128 million. Natixis Investment Managers CEO Jean Raby will join Fiera Capital’s board.
UPDATED: H&R REIT (HR-UN-T) will capitalize on strong pricing for downtown Toronto office assets and sell its 1.1-million-square-foot The Atrium for $640 million. KingSett Capital CEO Jon Love confirmed Thursday it is the buyer, calling The Atrium a “key acquisition.”
Luxury real estate brand Sotheby’s International Realty Canada (SIRC) has been sold by a subsidiary of Dundee Corporation (DC-A-T) to Toronto-based Peerage Realty Partners Inc., expanding the stable of high-end brands the company controls. No financial details were disclosed.
After three decades without major new condominium developments, Newmarket is getting a major reinvestment with The Davis – Residences at Bakerfield, which will eventually house three condominium towers designed by architects RAW.
The plan to redevelop three lots at Yonge and Elm Streets in downtown Toronto has evolved. The original July 2016 proposal for 8 Elm included 80 storeys and was denied. The IBI Group-designed project has now been reduced to 67 storeys.
We live in a global business environment, and real estate investing is no exception. Seeking to diversify their portfolios and take advantage of higher-yielding opportunities, many investors are looking to overseas real estate markets.
Sipping an Americano in a Yaletown cafe recently, Larry Beasley seems at home. That makes sense. Not only does he live a short walk away, he has his fingerprints all over the neighbourhood.
Sobeys Inc. (EMP-A-T) is more than doubling its bet on e-commerce technology – to $190-million – with plans to build a robotic warehouse in Montreal in addition to the one under construction in Vaughan, north of Toronto, for home-delivered goods.
The Gildan (GIL-T) apparel company, which has become a leader in the North American underwear, socks and leisurewear market, is preparing to close its last plant on Canadian soil, on Jarry Street in Montreal.
Land real estate specialist Shawn Hansen says demand remains strong for farmland in Alberta, despite geopolitical headwinds. Hansen pointed to a 640-acre parcel he recently listed near Vulcan for $3.1 million. “It sold in two days,” said Hansen.
Inside the Ottawa Bagelshop and Deli, a 30-year Wellington West institution with tiled floors and a wood-burning bagel oven, Mary Ellen Kot and Christine Libon are meeting for lunch. As of late, the neighbourhood’s retail district is transforming.
The future still bodes well for the office and industrial sectors, according to the Royal Institution of Chartered Surveyors 2019 Q1 U.S. Commercial Property Monitor report. However, survey participants indicate more downward movement is on tap for the retail sector.
Brookfield Asset Management (BAM-A-T) has become the latest institution to back property-technology startup VTS. VTS said its Series D fundraising, which received $90 million US capital, was led by Brookfield’s technology investment arm.
REIT first-quarter financial results
REOC first-quarter financial results
The Province of British Columbia is cracking down on landlords and renters who break tenancy laws by setting up a compliance and enforcement unit within the Residential Tenancy Branch (RTB), housing minister Selina Robinson announced in Victoria on Wednesday.
Burnaby city council wants the provincial government to allow larger larger basement suites in homes. The municipality will request the Ministry of Municipal Affairs and Housing to eliminate a 970-square-foot cap on suite sizes in the B.C. Building Code.
A spike in apartment construction helped drive home building in April for the London area. The number of housing starts in the London area was 436, up from 367 year-over-year, due largely to a high number of apartment starts.