Summit Industrial Income REIT (SMU.UN-T) is expanding its GTA portfolio with the pending acquisition of a 342,830 square foot, single-tenant warehouse and logistics facility in Ajax, just east of Toronto.
RioCan REIT (REI.UN-T) completed the sales of a portion of the air rights at The Well in Toronto and 5th & THIRD™, Embassy BOSA in Calgary, realizing density value totalling approximately $45.4 million at RioCan’s interest for the development of multi-residential buildings.
Steve Diamond, a developer and chair of the board for Waterfront Toronto is promising to create an “iconic” looking neighbourhood at Quayside as the corporation gets set next year to seek a new partner to co-develop the site abandoned by Sidewalk Labs.
Groupe MACH has taken a significant first step into the Greater Toronto Area office market with the acquisition of First Meadowvale Centre in Mississauga. The 10-storey mid-rise office tower, which opened in 2010, is located at 2465 Argentia Road.
Apollo Global Management (APO-N) won shareholder approval for its US$1.9-billion takeover of Great Canadian Gaming Corp., sealing a deal that had faced stiff opposition until the private equity firm increased its bid by 15 per cent.
CEO of Cineplex, Ellis Jacob has seen the pandemic played out like a gruesome horror flick for the movie exhibitor’s business. With most of the company’s theatres dark on the eve of the box-office season, does he expect a happy ending?
Partner, Robins Appleby LLP
Dream Office REIT’s downtown Toronto Adelaide Place is the first commercial tower in Canada to install Kimberley-Clark’s Onvation smart restroom management system. The sensor-laden systems are designed to reduce waste, create efficiencies for building staff and identify problems in restrooms.
One of RBC’s top real estate brokers, Gary Morassutti, is retiring after nearly four decades working on commercial property deals, including the nearly $1-billion sale of a Toronto office complex. He will be replaced by managing director, David Tweedie.
Scarabelli Realties, an Ottawa real estate firm, proposes to tear down a pair of commercial buildings in mid-town neighbourhood The Glebe and rezone the site to build a new 16-storey mixed-use building with ground-floor commercial space and 150 residential units.
When the massive-scale renovation, restoration and preservation work began in earnest on Parliament Hill’s historic Centre Block, excavators were caught off-guard to find that Canada’s most historic and significant edifice had been built atop a rubble foundation.
NAIOP Research Foundation held its National Research Directors Meeting in September bringing together NAIOP’s Distinguished Fellows and research directors from real estate brokerage, data and investment firms to discuss current trends and the effects of the pandemic on the CRE.
Coronavirus vaccines, social impact, climate change and what constitutes a mainstream real estate sector will be on investors’ minds in the new year, according to UBS Asset Management. Here are the investment bank’s top 10 real estate questions for 2021:
Blockchain has been around for a little more than a decade, but the benefits of this digital method for moving around valuables are still unknown. However, experts predict Blockchain and cryptocurrencies will continue to impact the real estate industry.
No longer China’s most valuable company, Alibaba Group Holding Ltd. shares tumbled another 8 per cent on Monday erasing almost all its 2020 stock-market gains, just days after Chinese regulators signalled a major change in their posture toward its finance affiliate, Ant Group Co.
China will overtake the U.S. to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, said the Centre for Economics and Business Research.
When Canada Mortgage & Housing Corporation appoints a new CEO next year, it should restore the government agency’s role as a homeownership champion, ending the policy misadventure under outgoing CEO Evan Siddall that made it harder for Canadians to buy homes.
The upward trend in Canadian housing starts continued in November, when the seasonally adjusted annual rate rose 14.4 per cent (to 246,033 units) compared to October. Much of the growth stemmed from outside the single-detached segment, according to the CMHC.
The single-family home market has seen blazing sales and price growth in 2020 but the city’s condo market has dragged as rents dropped and listings flooded the market. Experts said there are signs that condos are poised to sell again.