Through acquisitions and development, Dream Industrial REIT (DIR-UN-T) is adding over a million square feet to its Greater Montreal portfolio. That’s just one highlight in its most recent update, which reports $329 million in acquisitions in 2021 ($191 million previously unannounced).
A “last-mile” distribution centre is planned on 7.7 acres of Victoria International Airport’s industrial land. Edmonton-based York Realty would construct the building for a client whose name is not being released yet, spokesman Matt Woolsey said Tuesday.
Crestpoint Real Estate Investments Ltd. and Perimeter Development Corp. have purchased 37 acres in Kitchener that will be the future home of the Homer Watson Business Park. Perimeter plans to begin construction in Q3 2021 and to complete the project by mid-2022.
The acquisition of a Kitchener apartment complex, comprised of three buildings and 218 units, means the Equiton Residential Income Fund has grown its portfolio by over 50 per cent in just a month.
Netflix (NFLX-Q) has decided to put its Canadian corporate office — “a big first step” for the streaming giant — in Toronto. Co-chief executive and chief content officer Ted Sarandos had earlier said California-based Netflix was looking at Toronto or Vancouver.
Le Boulevard, one of Canada’s oldest shopping centres, will be shuttered as Montreal expropriates the property for a new transit line. Le Boulevard encompasses about 400,000 square feet of retail space and pre-pandemic saw more than eight million annual visitors.
Canmore council has rejected one of two proposed projects that together would have almost doubled its population in coming decades. Plans for Three Sisters Village and Smith Creek covered about 80 per cent of the Alberta town’s developable land.
Kirkland Mayor Michel Gibson is confident there will be parking available at the REM light-rail station near the RioCan Centre along Highway 40. RioCan REIT and Broccolini are redeveloping the RioCan site with a massive residential, commercial and office complex.
U.S.-based mass media and entertainment conglomerate Disney will be shutting almost all of its standalone retail stores, including all 18 locations in Canada, according to sources. Two Canadian locations already shuttered last month.
As 2021 sees systemic changes in how consumers purchase goods and services it made me realize that some Ontarians have a fundamental misconception about what The Beer Store is and is not.
A provincial government study has concluded the collapse of a 68-tonne construction crane in Halifax during post-tropical storm Dorian on Sept. 7, 2019 was the result of a weld failure in the lower portions of the tower. No one was injured.
Commercial real estate professionals’ confidence in the industrial and office sectors in the first quarter of 2021 rose sharply since the fourth quarter of 2020, according to the Society of Industrial and Office Realtors Snapshot Sentiment Report.
Starbucks Corp. (SBUX-Q) missed expectations for quarterly sales Tuesday, hurt by weakness at its business abroad where the COVID-19 pandemic has forced governments to restrict travel and shut cafes. Shares of the Seattle-based coffee chain fell about three per cent.
The accompanying tables show the top 10 largest upcoming Residential and Transportation Terminal construction projects in the U.S. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.
Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, has entered into a joint venture with San Francisco-based DivcoWest to deploy $1 billion acquiring and renovating homes in high-growth U.S. states.
Residential property owners in Vancouver will pay a larger share of taxes this year after a divisive vote by city council Tuesday shifted $3.6 million in property taxes from businesses to homeowners.
Real Estate Council of Ontario’s Brian Buchan says given the hot housing market, complaints of all kinds are at a historic high. Year-over-year, complaints from homebuyers have jumped 38 per cent, he says, “one of the largest jumps we’ve seen.”
Kitchener city council has passed a motion that will allow for a range of units including backyard homes, coach homes, laneway suites and tiny homes on thousands of residential properties, including single detached, semi-detached, and low-rise apartments.
Amid the on-again, off-again lockdowns, nearly half of Canadians said they already had, or were considering, home renovations, according to an Abacus Data poll released in March. Here are some of the spaces they reconfigured with new realities in mind: