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Triovest builds 891K-sq.-ft. Markham industrial park on spec

1 month ago

Triovest builds 891K-sq.-ft. Markham industrial park on spec

Triovest  is demonstrating its continuing belief in the industrial leasing sector by breaking ground on a 46-acre site in Markham, just north of Toronto, in one of this year’s largest spec development launches.

Toronto's 180 Duncan Mill office building sells for $28.1M

A 145,034-square-foot class-A office building on a 2.34-acre Toronto site with future development potential has changed hands for $28.1 million in a deal brokered by Avison Young.

Palladitcheff looks back at nine years at Ivanhoé

Before leaving her position for good, Nathalie Palladitcheff wanted to take a final look at the nine years she spent at Ivanhoé Cambridge, including the last four as CEO. "I wanted to give one last interview . . . " she says.

Canada's inflation unexpectedly fell to 2.8% in February

Canada's annual rate of unexpectedly fell to 2.8 per cent in February, which could increase pressure on the Bank of Canada to start lowering interest rates.

Ontario Line reshaping Toronto neighbourhood

At the Riverdale Shopping Centre in Toronto's east end there are no signs up, but word is getting out. The busy No Frills that anchors the plaza will be closing on April 20, the beginning of many changes to come.

Why can’t transit projects be delivered on time?

A new report from the Future of Infrastructure Group citing research using 80 years of data from around the world, found only two rail projects out of every 1,000 were delivered on time, on budget and with the expected benefits.

Trent University kicks off landmark Seniors Village housing project

Trent University seeks like-minded organizations to design, build, finance, operate and maintain age-friendly community.

Sponsored by: Trent University

Small business insolvencies skyrocket 41% in Q4

Punishing interest rates, looming federal pandemic loan repayments and shifting market conditions have led to a “perfect storm” of economic challenges for Canadian small businesses — and a skyrocketing insolvency rate to go along with it.

Buffalo Rail plans Northeast B.C. industrial hub

Calgary-headquartered Buffalo Rail & Infrastructure Corp. announced the $7-million acquisition of Canfor Pulp Products' recently discontinued pulp mill assets, including 300+ acres of heavy industrial land, in Taylor, B.C. Buffalo plans a multi-use industrial distribution and logistics hub.

Nortera CEO seeks to continue North American growth

Almost two years ago, French company Bonduelle America was bought by the Caisse de dépôt and the Solidarity Fund, which repatriated to Quebec the ownership of vegetable processor Nortera, which currently operates 13 factories in Canada and the United States.

Putting a figure on CRE climate risk with ClimateFirst

ClimateFirst, a Guelph-based company, says its physical climate risk software is a unique offering in the burgeoning market of climate forecast technology for commercial real estate (CRE) by calculating the dollar value of the expected risks to properties.

Office return mandates do little for profit or productivity

OPINION: If a company needs more mutual, creative work, and a more productive team, it has to start not with mandates, but a focus on workers themselves: where they want to be, what it is they need to excel.

Lytton seeing more building permits following delays

After years of delays, five residential building permits have  been issued and over a dozen more permits are “in the queue” as the Village of Lytton continues to rebuild after a fast-moving wildfire destroyed most of the community.

B.C. city suing Bear Mountain developer for $1.88M

The City of Langford is suing Bear Mountain Resort owner Ecoasis Developments LLP for $1.88 million, claiming the company breached an agreement to make scheduled payments for its share of the Bear Mountain Parkway expansion.

Ottawa's historic Chinatown faces growing pains

One of Ottawa’s oldest neighborhoods is grappling with its future due to an increase in vacant businesses and changes in the community. A fixture of Ottawa's Chinatown for 40-plus years, Yangtze Restaurant is putting its property up for sale. 

OPINION: Rent controls hurt rental supply

Many advocates champion rent controls as a panacea for rising rents, but a wealth of empirical evidence indicates that while such controls may offer temporary respite to current tenants of controlled units, they invariably inflict long-term damage on future renters.

Brookfield shifts Aussie development focus to student housing

Brookfield Asset Management has acquired an 18,223-square-foot development site at 100-106 Franklin St. in Melbourne and has quickly set about trying to change the permit from build-to-rent to student accommodation in a 1,013-room, 39-storey tower.

Capri 'buying as much office as we can swallow'

Capri Investment Group has inked office deals in Chicago and Washington, D.C., over the past year, and is closing in on one in Los Angeles, part of a major bet on the future value of the discounted asset class.

Hotel REIT stocks outperform as investors bullish on travel

Shares in hotel and lodging REITs are outperforming the general stock market, boosted by stronger group and corporate travel as well as the possibility of interest rates dropping. Park Hotels & Resorts Inc. has seen the biggest increase.

Georgia votes to suspend data centre tax breaks

The Georgia Senate has voted to suspend data centre tax incentives in the state — legislation that could have a dramatic impact on development in one of the industry’s fastest-growing markets.

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