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Alex Miller to succeed Brian Hannasch as Couche-Tard CEO
Alex Miller to succeed Brian Hannasch as Couche-Tard CEO
Alimentation Couche-Tard Inc. (ATD-T) is promoting chief operating officer Alex Miller to become its president and CEO, and announced the pending retirement of Brian Hannasch effective Sept. 6.
Public-private ventures on rise, creating mixed-use spaces
A variety of partnerships combining historic public agency land use demands with private sector development projects to create new mixed-use developments are underway or planned in Toronto.
London approves 3,800-unit subdivision near Cherryhill
A proposal for over 3,800 housing units across dozens of buildings near London's Cherryhill neighbourhood was approved by council. Proposed by Esam Group, it would see a total of 51 buildings — 18 of which are high-rises — completely reshape the area.
Development land most common asset to fall into distress
Across Ontario, development projects are being placed under receivership, and while each case has its own unique circumstances, there is one commonality that holds true for just about all of them: the mortgaged property is a piece of development land.
Burnaby's Metrotown office project faces receivership
They planned to transform a drab 1980s office complex near Metrotown into premium office suites with amenities and strata units. But now the owners, Toronto-based Slate Asset Management, are battling big financial troubles and facing receivership on the Burnaby project.
Molnar selling near-complete Vancouver Kaslo office project
The Kaslo at Renfrew District office development in Vancouver has been listed for sale, according to a LinkedIn post by Matthew MacLean, executive vice president at commercial real estate brokerage Cushman & Wakefield.
True North seeks time to finalize Portage Place purchase
The real estate wing of the company that owns the Winnipeg Jets is asking for another extension before it decides whether to proceed with a $650-million proposal to purchase and redevelop downtown Winnipeg's Portage Place mall.
CPPIB’s head sees ‘no safe harbour’ across asset classes
The head of the Canada Pension Plan Investment Board (CPPIB) doesn’t see an asset class worldwide that’s totally free of risk for investors. CPPIB ended its fiscal year with $632.3 billion of net assets, an eight per cent return.
‘Nothing is moving’: GTA sales of newly built homes plummet
The chill in Toronto’s usually red-hot real estate market is leaving a growing number of new homes to languish. Stubbornly high prices and heightened borrowing costs are icing out buyers, leaving new home sales down 71 per cent in May.
Shrinking mortgage pie spurs more competitive bank rates
Low real estate sales and fewer buyers have pushed the major banks to offer competitive mortgage rates that could prove helpful for homeowners facing renewal this summer and hoping to negotiate a better deal.
New condo tower proposed for Spadina Road, Toronto
A architectural gem from the early 1900s could become the base for a new condo building. Prowinko is seeking approval to build above an old apartment block at 41-45 Spadina Road, combining the two for a 15-storey structure.
Ottawa's Tewin project doesn't add up, it's not just about cost
OPINION - The Tewin development consumed much of the discussion at Ottawa city hall last week, as a joint planning and environment committee accepted the city’s $2-billion Infrastructure Master Plan.
First Best Buy Express opens today in British Columbia
Best Buy Canada and Bell Canada have formed a strategic partnership to introduce 167 small-format consumer technology retail stores branded Best Buy Express. The inaugural Best Buy Express store opened today in Guildford Town Centre in Surrey, B.C.
Municipal infrastructure shouldn’t be an afterthought
Have you heard the saying, out of sight, out of mind? That shouldn’t be the case when it comes to maintaining and upgrading underground municipal infrastructure that provides us with clean and treated drinking water that we rely on.
Yonge-Dundas Square problems go beyond its name
The city designed Yonge-Dundas Square to be a major event space inspired by New York’s Times Square. It would replace a seedy section of the downtown east and revitalize the area. But 20 years later, the square is in trouble.
Suspended N.B. engineer's buildings 'risked collapse'
A Halifax structural engineer called some buildings by a suspended Moncton engineer the scariest things he's come across over a four-decade career. John Richardson told CBC he reviewed several multi-storey apartment buildings at risk of collapse.
KKR acquires $2.1B multifamily portfolio from Quarterra
KKR (KKR-N) has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, for $2.1 billion US. The recently-built, class-A portfolio consists of over 5,200 units primarily in growing coastal and Sun Belt markets.
Apple halts work on $1B campus in North Carolina
Yet another trillion-dollar tech giant is holding back on plans to develop an East Coast campus. Apple is delaying construction on its Research Triangle Park campus, which was set to bring 3,000 jobs to North Carolina.
The growing push in the U.S. for zoning reform
The local zoning rules that make it so hard to build housing — especially apartments and starter homes — could decide the 2024 American election. Once confined to states like California and New York, the housing shortage has spread across the country.
Saudi Arabia set to become world’s biggest construction market
Saudi Arabia is set to become the world’s largest construction market as it pours vast amounts into projects to overhaul and diversify the economy. The kingdom's total construction output value should reach $181.5 billion by end of 2028.
Industry Events
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RealREIT
Sep 10 2024
Toronto
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Canadian Apartment Investment Conference
Sep 11 2024
Toronto
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BOMEX - BOMA Canada's National Building Summit
Sep 23 2024
to Sep 25 2024
Vancouver, B.C.
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Winnipeg Real Estate Forum
Sep 24 2024
Winnipeg
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2024 CREW Network Convention
Sep 25 2024
to Sep 27 2024
Vancouver Convention Centre
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Ottawa Real Estate Forum
Oct 02 2024
Ottawa Conference & Event Centre
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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