If Ivanhoé Cambridge’s Graeme Silvera were to launch a big-city shopping centre from scratch, he’d have no problem building without massive anchor tenants. “I would pick five junior (tenants) over one major anchor as the new format,” he said.
Bluebird Self Storage has added two more properties to its Southern Ontario holdings, spending $150M on acquisitions and development in the past year. The two most recent additions are in the Toronto district of North York; and in Hamilton.
WeWork, the global office co-working giant, said it will be opening a location in Burnaby’s Metrotown at the Station Square Building. It is also setting up another four-floor, 1,200-desk location at the Brentwood Tower 3 at The Amazing Brentwood complex.
Granite Real Estate Investment Trust (CRT.UN-T) has added almost a million square feet to its portfolio with the acquisitions of leasehold interest in two large, new Mississauga distribution centres. Granite paid $154 million for the properties, which comprise approximately 943,000 square feet.
A judge has ruled the former General Motors property in St. Catharines can be listed for sale, but it can’t actually change hands unless all parties in a multimillion-dollar lawsuit agree to any potential deal.
Three developers have been chosen to bid on the final two stages of Toronto’s sparkling new Regent Park project. Capital Developments and Tridel will join The Daniels Corporation in vying for building rights to the remaining, seven-block area.
The Squamish Nation plans a massive housing project encompassing as many as 3,000 apartments on prime land next to a Vancouver city park, marking the first large-scale urban development by an Indigenous group in Canada.
Developers, consultants and former city hall representatives told the Vancouver Real Estate Forum audience that while stakeholders in communities throughout the region want solutions to affordability challenges, they are far from figuring out how to work together to deliver them.
Premier Doug Ford’s provincial government today unveiled its nearly $30-billion transit expansion plan — including a new 15-kilometre “Ontario Line” stretching from Ontario Place to the Ontario Science Centre in Toronto.
Burlington’s controversial development freeze continues to fuel discussion at city hall. City Council will vote April 23 on Amico Properties‘ request for an exemption from the interim control bylaw on a proposed seniors housing project at 1157-1171 Northshore Blvd. East.
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Swiss private equity firm Partners Group has opened an office in Toronto, its fourth in North America. To run the office, the firm appointed Brad Ballard, a former director at U.S. investment firm BlackRock.
It’s been one of the biggest surprises of the capital’s investment universe. Minto Apartment REIT (MI-UN-T) has seen the value of its equity outpace all but marijuana stocks since it began trading July 3 on the Toronto Stock Exchange.
With municipal approval granted to develop a property in Prince George, Cannabis West Development Corporation (CWDC) announced it is launching the first in a chain of craft cannabis industrial parks in Canada.
Canada Goose (GOOS-T) announced plans to open six new stores with two in Europe, one in the U.S. and three in Canada, at Toronto’s CF Sherway Gardens, the West Edmonton Mall, and at Cascade Shops in Banff.
When Massey Hall opened its doors 125 years ago, visitors were awestruck by the choral music venue’s spectacular stained glass windows, says restoration expert Eve Guinan. Massey is currently in the middle of a two-year “revitalization” project, valued at $139 million.
For the first time in Canada, a provincial real estate regulator – the Real Estate Council of British Columbia (RECBC) – is partnering with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to fight money laundering.
Rarely do market reports mention the financial trouble a lack of sales causes for the 52,000 realtors who are members of the Toronto Real Estate Board. Sharon Soltanian has seen agents with a once decent living drop out of the business.
One out of every 10 condos built between 2016 and 2017 in the City of Toronto is owned by a non-resident of Canada. And nearly nine per cent of condos from 2006-2017 in the city have had at least one non-resident owner on title.
More than 1,000 homes could be put back on Ottawa’s housing market if the city cracked down on owners who have converted their properties into “ghost hotels” on Airbnb, a new report by Fairbnb suggests.