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Newrise JV building final phase at Oakville's Glen Abbey Encore
Newrise builds final phase at Oakville's Glen Abbey Encore
Two established Greater Toronto Area development companies have created a joint venture known as Newrise to complete the final phase of the Glen Abbey Encore community in Oakville - the midrise Ovation Rentals which will offer 356 apartments.
Vantage lands $3B green loan for N.A. expansion
Vantage Data Centers has obtained a $3 billion green loan to expand its N.A. footprint. A bank syndicate led by Wells Fargo Securities LLC, along with TD Securities, Truist Securities and Scotiabank, provided the revolving credit facility.
Halifax developer proposes 3,000-unit housing project
A proposal submitted April 1 to develop a 69-hectare plot by Evan Price's company Five Corners Properties, between Brookside and Pictou Roads in Bible Hill, has been approved by Colchester council and referred to planning staff.
Metrotown is changing the heart of Burnaby
Metropolis at Metrotown, the largest mall in British Columbia, is a “fortress in the landscape,” according to Ivanhoé Cambridge, which is conducting a new round of public consultation on how the mall might look in the next 30 years.
Vancouver's housing industry both booming and struggling
Construction began on over 33,000 homes last year in Metro Vancouver, a record level and a 28 per cent increase over 2022, according to B.C. real estate services firm Rennie. But that's not the whole story.
Live/Work concept III: RE interests, comm. planning concerns
GUEST SUBMISSION: Beyond the unit and building scale, introducing residential uses on industrial lands destabilizes the surrounding area, leading to loss of industrial businesses that serve the wider community. How does this happen and what should be done?
Feds aiming to speed up sale of surplus office properties
Public Services and Procurement Canada, which owns or leases more than 30 million square feet of office space in Ottawa-Gatineau, plans to reduce its office footprint by up to 50 per cent over the next decade.
Crown Group Hotels acquires two N.S. golf courses
Mississauga-based Crown Group of Hotels is entering its first full season as owner of the Mountain Golf and Country Club in Colchester County and the Glen Lovat Golf Club in New Glasgow. Crown’s portfolio includes eight hotels.
Rapid transit village tower approved, without rapid transit
York Developments proposal to build a 219-unit, 25-storey tower on site of a Swiss Chalet restaurant was approved by London council Tuesday despite calls for more study and warnings the area lacks rapid transit.
Landlords of 275 Hamilton buildings apply for rent hikes
Newly released data from Ontario's rental housing tribunal analyzed by CBC News shows landlords of 275 properties in Hamilton, Burlington, Niagara Region and nearby areas applied to raise rents above provincial guidelines (AGI) from 2017 to 2022.
Charbone ramps up green hydrogen production
Brossard, Que.-based Charbone Hydrogen (CH-X) is ramping up its efforts to become a major player in the green hydrogen production sector, and will soon be launching its flagship Sorel-Tracy modular plant along the province's "Steel Highway" corridor.
Harvey’s aims to surpass 500 locations in Canada
Michael Nault, chief operating officer at Harvey’s, discusses the fast-food chain's past 65 years in Canada and what consumers can expect going forward, including the ultimate goal of 500 locations within the next five to 10 years.
Furniture store sets up shop in Mtl. train station
Shopping for a sectional sofa before taking the train to Toronto is now possible. Meubles RD has just set up shop at Montreal Central Station. The store represents a showcase for the firm, aiming to break into the Montreal market.
New food hall opens in Toronto’s Eaton Centre
The former Richtree space on the lower level of the CF Eaton Centre is a food court again. Created by high-end restaurant Oliver & Bonacini, its meals are seen as an inexpensive alternative to fast food along the underground walkway.
Bloor Street adds Saint Laurent flagship store
Toronto’s Bloor Street luxury run is seeing an unprecedented number of luxury brands opening flagship stores. Last week, Kering-owned Saint Laurent opened a 10,400-square-foot location at 110 Bloor St. W., featuring a brutalist facade and updated design concept.
CoStar to buy proptech firm Matterport in $1.6B deal
CoStar Group Inc. plans to acquire Matterport, an early developer of 3D capture technology to produce photorealistic virtual tours or “digital twins” for properties. This reflects about $1.6B of enterprise value, the companies announced.
U.S. office tenants in driver's seat
On the heels of four years of hard times for office owners, a new wave of lease expirations is on its way. U.S. tenants have leverage like never before as they negotiate the leases that will influence landlords’ balance sheets.
HSBC opens flagship wealth centre at Hudson Yards
HSBC has opened its flagship wealth centre at The Spiral in New York City’s Hudson Yards neighbourhood. The wealth centre at 66 Hudson Blvd. E., is connected to HSBC’s U.S. headquarters at The Spiral, a 65-storey office tower.
Change in pensions slowly strangling U.K. real estate
U.K. defined benefit schemes liked real estate and were significant investors. The long-term, stable income property provides was good for planning to pay out pensions years or decades in advance. The new defined contribution pension schemes, not so much.
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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