LocationsRecent Articles
Developers continue to expand Montreal life sciences sector
Developers continue to expand Montreal life sciences sector
The Greater Montreal Area might already have a higher availability rate for life sciences space than Toronto or Vancouver, but new and repurposed facilities are continuing to be developed to keep up with the growing demand.
Kastel Holdings buys downtown Edmonton office tower
Kastel Holdings has acquired Edmonton’s Empire Building, a vintage 11-storey office tower in the city’s downtown core. The 108,800-square-foot building, built in 1962, will continue to house offices and main-floor retail, the company's president said.
The Live/Work concept: Past and present, form and function
GUEST SUBMISSION: With the seemingly endless debate about return-to-office versus working at home, plus considerations such as commute times, housing costs, office vacancies, changing demographics and an appeal for work-life balance, the live/work concept warrants a revisit.
$120M pharmaceutical facility proposed near Winnipeg
Mittall Canada has proposed a $120-million pharmaceutical manufacturing facility development in the R.M. of St. Clements, north of Winnipeg. The facility would manufacture drugs like insulin and naloxone and is expected to create 1,000 jobs.
Toronto office vacancies jump another 13%
Office vacancy rates jumped by 12.7 per cent in downtown Toronto in the first quarter of 2024 from the last quarter of 2023, according to Colliers. Toronto trailed the national downtown office vacancy rate of 16 per cent.
Bank of Canada holds interest rate at 5%
The Bank of Canada left the key overnight interest rate at five per cent Wednesday, where it has sat unchanged since July of 2023. Inflation is “still too high and risks remain,” the central bank said in a statement.
Dream Office REIT responds to market rumours
In response to recent increases in Dream Office REIT’s (D-UN-T) unit price and rumours around the price changes, the trust stated it continues to focus on its strategy of delivering long-term value to unitholders in a challenging office market.
Edmonton Exhibition Lands report to be revisited
More planning and a new report is to come in late 2024 for the 200-acre Edmonton Exhibition Lands project after the City of Edmonton urban planning committee met on Tuesday. Discussions about the future plans for the space continue.
Ottawa committee OK's plan to wrap housing around church
The City of Ottawa’s built heritage committee has approved an application to build a nine-storey, 113-unit residential building that “wraps around” part of the former All Saints Anglican Church at 315 Chapel St. in Sandy Hill.
DBS proposes 40-storey East York residential tower
At DBS Developments’ rental community in East York's Taylor-Massey neighbourhood, plans for Bela Square Phase 2 include an Arcadis-designed 40-storey tower to the south of seven- and 35-storey rental buildings of the first phase.
Architect using VR to show future of Toronto’s Chinatown
Growing up in Southwestern Ontario, between Kitchener, Windsor and London, architect Linda Zhang developed an affinity for Toronto’s Chinatown at a young age. “I spent my childhood driving several hours with my family to do weekly groceries in Toronto’s Chinatown,” she recalls.
OPINION: We can fix Western Canada’s supply chains
Improving costs, streamlining regulations and investment can address transportation leaders’ dissatisfaction with Canada’s trade networks. Collective effort and collaboration can turn the tide, restoring optimism to the business landscape of Western Canada.
FNIA launches Indigenous real estate inspections agencies
Nathan McDonald, founder and owner of First Nations Inspection Authority (FNIA), Tuesday announced the launch of one of the country's first Indigenous inspections agencies for residential, commercial and industrial developments. It will also advocate for improvements in First Nation buildings.
Shoppers, TerraCycle to recycle beauty product waste
Shoppers Drug Mart Inc. (L-T) has launched a recycling program for its private cosmetics line Quo Beauty with Trenton, N.J.-headquartered TerraCycle, aiming to tackle waste that is rarely accepted by curbside services.
Ivanhoé JVs on $900M Australian student housing
Montreal-based real estate giant Ivanhoé Cambridge announced it is partnering with Scape Australia and Dutch pension manager APG Asset Management N.V. in a $900 million Cdn venture in Australia’s student housing sector.
Moody's CRE, LandGate to redefine risk analysis
LandGate announced a strategic collaboration with Moody's CRE to transform the renewable energy sector's approach to risk assessment, lending and investing. The collaboration aims to expand the market's ability to derive additional value from commercial real estate assets.
More than 80% of U.S. offices see uptick in lease renewals
According to the latest VTS Office Demand Index (VODI), national demand for office space marked its sixth consecutive month of annual growth, and VTS’ 2024 Global Workplace Report showed that 62% of companies are executing a hybrid work strategy.
$65B TSMC campus will impact Arizona’s industrial market
Phoenix, already a top industrial and advanced manufacturing hub, can expect to attract even more CRE investments now that Taiwan Semiconductor Manufacturing Co. plans to add a third lab for a total investment of more than $65 billion.
Signs of U.S. REIT softening emerge
Publicly traded REITs eked out a 2.1% gain in funds from operations (FFO) in 2023, according to Nareit’s T-Tracker. While positive, it was much lower than the figures posted in 2022 and 2021 when FFO grew 17.2% and 22.3%, respectively.
What 99 Cents Only’s demise means for CRE
The announcement Friday that 99 Cents Only Stores LLC is going out of business has immediately put into play the company’s 44 owned and 333 leased locations in Arizona, California, Nevada and Texas.
Industry Events
-
Western Canada Apartment Investment Conference
May 07 2024
Vancouver
-
Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
-
Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
-
Montreal Real Estate Forum
Jun 06 2024
Montreal
-
Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
