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Downtown Vancouver hotel development 'makes sense': Hallmark CEO
Downtown Vancouver hotel dev. 'makes sense': Hallmark CEO
Hallmark Hospitality has submitted its latest plans for a much-needed 151-room hotel along Vancouver's West Broadway. While the firm is anxious to move ahead, dealing with years of bureaucracy and a highly complex site has posed significant challenges.
Colonnade expands prop. mgmt. to Atlantic Canada
Ottawa-based Colonnade BridgePort is continuing to expand its real estate management services division, setting up shop in Atlantic Canada where it will begin managing a portfolio of over a million square feet in Nova Scotia and New Brunswick.
HOOPP misses benchmark due to real estate losses
Healthcare of Ontario Pension Plan (HOOPP) recorded a 9.38 per cent return on investments in 2023 as stocks soared but missed its internal benchmark by about one percentage point as real estate assets struggled.
Graywood, KingSett condo proposal upped to 50 storeys
A resubmitted Zoning By-law Amendment application from Graywood Developments and KingSett Capital marks the latest in a series of proposals for 29 through 39 Pleasant Blvd. The latest incarnation is seeking permission for 50 storeys wirh 409 condo units.
Build up or tear down? Demographics are key
OPINION: Higher building costs may be critical to the bottom line, but they signal a broader underlying challenge that will shape the construction industry for decades to come: demographics.
 | CDN Global 34.088 acres of vacant land for sale in OttawaUnveiling the investment potential of 3809 Borrisokane Road: A gateway to prosperity in Barrhaven, Ottawa. Sponsored by: CDN Global |
Patience will be rewarded in real estate stocks: Kingwest
VIDEO: Tim Regan, managing director and portfolio manager at Kingwest & Company, joins BNN Bloomberg to discuss the closing markets with the TSX near two-year highs.
Stocks boost Canadian wealth while real estate declines
A global rally in bonds and equities supported Canadians’ wealth at the end of last year, offsetting continued declines in real estate values. Canadians’ household net worth rose 1.8 per cent to $16.4 trillion in Q4, Statistics Canada said.
Kamloops hotel proposal revived after post-COVID
Developer/hotelier Ron Mundi says COVID-19 impacts forced his company to abandon plans to propose a new Kamloops hotel in favour of a condo development — but a strong industry rebound has prompted another pivot to a six-storey Hyatt Place.
Sandman Signature Hotel & Suites opens in Dartmouth
Sandman Hotel Group has opened its second hotel in Nova Scotia and its first Signature: Sandman Signature Dartmouth Hotel & Suites, next to Dartmouth Crossing. The hotel offers 212 guest rooms and suites and a Denny’s restaurant will open this month.
Surrey, B.C., hospital to get critical care tower
A new critical care tower will be built at the current hospital site in Surrey, B.C., to take pressure off the overcrowded emergency room and add capacity for specialized care, Premier David Eby says.
Trial date set for stalled Richmond Atmosphere project
A trial surrounding the liability for a stalled Richmond city centre development will start on April 29. The Atmosphere project's owners are under creditor protection. Romspen Investment Corporation is owed about $176 million.
Decathlon repositioning with renovated stores
Global retail sports brand Decathlon has launched its new purpose: to “Move People Through the Wonders of Sport.” The retailer has 19 stores in Canada after entering the country in 2018, and all locations will be renovated in the initiative.
KaleMart24 opens fresh convenience concept in Montreal
KaleMart24 recently celebrated the grand opening of its first store in Montreal. The first KaleMart24 is in Berri-UQAM Metro station in the city centre borough of Ville-Marie, which is home to major shopping arteries like Sainte-Catherine Street.
Independent cinema chains are 'in crisis': Study
Research from the Network of Independent Canadian Exhibitors released Tuesday said 60 per cent of independent cinema operators surveyed between December and February operated at a loss at the end of their most recent fiscal year.
Goldman Sachs to resume U.S. CRE investment
Goldman Sachs Asset Management will resume "actively investing" in U.S. commercial real estate this year because the market is bottoming out, Jim Garman, the co-head of its real estate business, said on Wednesday.
U.S. office use showing no signs of rebound
Roughly four years after the World Health Organization declared Covid-19 a global pandemic, employees are still coming back into the office at about half the rate they were pre-March 2020.
Appraisers at centre of CRE's price reckoning
Commercial appraisers find their work at the centre of one of today's largest real estate stories: the fate of the office market. Their decisions of value will have enormous sway on when properties sell and even who controls key assets.
Interest rate environment complicates CRE maturities
OPINION: Although the Federal Reserve has signalled rate cuts are likely on the horizon, the current interest rate environment continues to pose a hurdle to many CRE transactions with loans approaching maturity.
30% of European office space may be 'obsolete': LaSalle
LaSalle Investment Management is reducing its exposure to offices in Europe and believes between 20% and 30% of office space in the region could be "obsolete", the firm's head of Europe said on Tuesday.
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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