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Reliance Properties pitches new development at Capital Iron Lands
Reliance Properties pitches new dev. at Capital Iron Lands
Victoria’s city council will soon review Reliance Properties’ application for Capital Iron Lands, a largely undeveloped 6.7-acre site along a long-dormant harbour that would be a key component for the British Columbia capital’s planned Arts & Innovation District.
Emergia selling dev. land adjacent to Alliston Honda plant
Emergia Inc. (EMER-CN) has had a very busy past 10 days, announcing a potential new investment in the Montreal firm, a shakeup of its board, and the pending sale of development land adjacent to the Honda plant in Alliston, Ont.
Gov'ts commit $100M for semiconductor plant in Bromont
The federal and Quebec governments are investing $100 million to boost the manufacturing capacity for semiconductors, vital components in technologies ranging from artificial intelligence to quantum computing, with a $59.9-million investment for an IBM Canada facility.
Bécancour, Que. Ford cathode plant put on hold
The cathode factory built by Ford and its partners in Bécancour – a major project in the province's battery sector – is subject to a major slowdown. The billion-dollar project's deadline is pushed back, and risk of increased costs rises.
Federal public servants to return to office 3 days per week
The federal government will expect public servants in the office three days per week in September, a major policy change to the twice-a-week hybrid model that prompted some 155,000 Public Service Alliance of Canada members to strike last year.
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Fiera begins building large Calgary rooftop solar array
Fiera Real Estate Investments Ltd. has started its first in-house rooftop solar project at a 503,000-square-foot industrial property in the Calgary area, which it believes will be the biggest of its kind in Canada.
Rampart 96,726-square-foot Edmonton industrial now leasing
Rampart Business Park in Edmonton will soon be home to over 96,700 square feet of new distribution space at Rampart III. The state-of-the-art industrial building is now leasing, with construction slated for completion in summer 2024.
CF portfolio leads ICSC Mall Productivity Ranking Study
Cadillac Fairview properties make up more than half of Canada’s highest-performing shopping centres, according to the latest International Council of Shopping Centers (ICSC) annual mall productivity rankings. It has 13 of the Top-25 Canadian shopping centres in the rankings.
Construction boom hits Moncton in first quarter of 2024
Moncton is experiencing a construction surge, with 183 permits worth $56.5 million issued in Q1, more than doubling Q1 2023. Residential construction represents 37 per cent of that, with 164 units valued at $21 million approved.
Vancouver tower project pivots from condos to rental housing
Another residential tower project, a 22-storey building by developer Townline and Boniface Oleksiuk Politano Architects in downtown Vancouver’s West End neighbourhood, is pivoting from condominiums as its primary use to purpose-built rental.
Incentives offered for pre-construction Toronto condos
Developers are scrambling to sell units by offering reduced deposits and mortgage assistance for preconstruction condos. For a limited time, Camrost Felcorp is offering two years of mortgage costs up to $90,000 for units less than $1 million.
'One of the rarest settings I've ever seen': Britannia Beach
The Britannia Beach townhome development in British Columbia's Sea-to-Sky Corridor, just north of Vancouver, has been an opportunity for Adera Developments to join a project in a visually stunning region.
UEL near UBC targeted for higher housing density
The University Endowment Lands (UEL) neighbourhood north of University Boulevard by the UBC campus in Vancouver currently encompasses larger single-family houses and mansions on unconventionally big lots. These lots are amongst the most expensive properties in B.C.
Alberta could finally get Calgary-to-Edmonton train line
After years of anticipation from locals, Alberta could finally be getting a train line connecting its two biggest cities. The announcement was made Monday morning by Premier Danielle Smith as part of the Passenger Rail Master Plan.
Cushman & Wakefield reports Q1 2024 financial results
Cushman and Wakefield reported revenues of $2.2 billion, down $64.5 million or three per cent compared to Q1 2023, primarily driven by the Americas, which decreased six per cent due to asset mix changes.
Yardi to become WeWork's majority owner in $450M exit plan
Attorneys for WeWork revealed in a Monday bankruptcy hearing that, under its plan to exit bankruptcy, property management software provider Yardi Systems would become the majority owner of the coworking titan taking a 60% stake in a private WeWork.
$3B Tampa mixed-use project moves forward
Strategic Property Partners has unveiled expansion plans for its $3-bilion downtown Tampa development. The 56-acre walkable live-work-play neighbourhood will feature a build-to-suit office tower, a condominium high-rise and mixed-use entertainment centre with a hotel.
Top 5 U.S. metros for industrial deliveries in 2023
A few top metros emerged as industrial sector leaders displaying resilience and adaptability, fuelled by the reshoring and nearshoring of manufacturing, increased construction spending and e-commerce with some 600 million square feet of industrial space completed nationally in 2023.
Brookfield adds to Dubai portfolio with warehouse deal
Brookfield Asset Management bought a controlling stake in Dubai-based Gulf Islamic Investments realty platform which owns 1.5 million square feet of warehouse space in the UAE, securing a slice of prime warehousing space in a hot commercial property market.
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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