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Time is right for Montreal South Shore's tallest condo tower: Devimco

1 month ago

Time right for Mtl.'s tallest South Shore condo build: Devimco

Despite high interest rates and a tough sales market, the timing is right to begin building the tallest residential condo on the South Shore of Montreal, says James Goulet, partner at developer Devimco.

CPP forms $750M US housing loan JV with Redwood Trust

CPP Investments has announced a $750-million US capital partnership with California-based Redwood Trust Inc., (RWT-N) to invest in residential investor bridge and term loans.

Montoni set to launch Montreal mixed-use project

Groupe Montoni will launch construction on the site of Montreal's former Molson brewery this year, president and founder Dario Montoni says. The FTQ Real Estate Solidarity Fund JV plans nearly 5,000 residential units and 200,000 square feet of commercial space.

Canada Maltings office in Toronto to be renovated

The Canada Maltings administrative office in Eireann Quay will undergo a major restoration and renovation, converting a disused heritage building on Toronto’s waterfront into a multi-use community cultural arts and conference centre.

Two TOC buildings planned at Queen-Spadina Station

Two transit-oriented communities (TOC) are planned at Toronto's Queen-Spadina Station. One site would feature a 17-storey 95-unit residential building while the second would include a 15-storey mixed-use building with 122 residential units and ground-level retail.

Ontario Place redev. could include filling in part of L. Ontario

Queen's Park is facing fresh questions over its plans to redevelop Ontario Place after new documents suggest the province considered filling in a portion of Lake Ontario to create a new development space in Phase 2.

34.088 acres of vacant land for sale in Ottawa

Unveiling the investment potential of 3809 Borrisokane Road: A gateway to prosperity in Barrhaven, Ottawa.

Sponsored by: CDN Global

New Horizon, Krpan team up on sustainability with NEWRISE

Burlington-based developers New Horizon Development Group and the Krpan Group have created NEWRISE, a joint venture to develop and build sustainable communities in the Greater Toronto and Hamilton Area.

Ottawa Chinatown property draws developer interest

With interest increasing in a “landmark” Chinatown restaurant that was recently put up for sale, the local business community is holding out hope the familiar eatery will carry on, even as potential buyers consider redeveloping the property.

Ottawa's Bank Street deserves a proper facelift

OPINION: Four decades ago, Bank Street was vibrant, alive and the centre of commerce and tourism. Today, the north-south artery — especially the downtown Ottawa section from Isabella Street to Wellington Street — is crying for attractive business incentives to spur investment.

Chipotle jumps on first-ever stock split

Shares of Chipotle Mexican Grill (CMG-N) breached the $3,000 mark for the first time on record and rose as much as 7.2% on Wednesday after the burrito chain’s board approved a 50-for-1 stock split.

Circle K adding over 1,500 DAVIDsTEA in-store locations

Two popular Canadian beverage chains, Second Cup and DAVIDsTEA, are expanding big-time into Couche-Tard/Circle K locations. President and CEO Peter Mammas said Foodtastic has opened its first Second Cup inside one of the convenience stores.

Craft Brewery 3 Brasseurs plans ambitious expansion

Unique craft brewery concept 3 Brasseurs, based in Quebec, is expanding its footprint with its first two franchise partners and more growth planned for the future. The brand started in France in 1986. 

Calgary property tax increases by 8.6%

Calgary homeowners can expect a higher property tax bill than expected. Accounting for both the municipal and provincial portions, the result is an 8.6 per cent tax increase for a residential property with a median assessed value of $610,000.

FDIC sells $10.5B in former SVB debt backed by apts.

The Federal Deposit Insurance Corp. has sold $10.5 billion of Ginnie Mae project loan securities that it held as receiver for Silicon Valley Bank, which failed more than a year ago. Such debt is backed by apartment loans.

Credit Suisse Fund loses 22% amid real estate shock

The Credit Suisse Real Estate Fund International lost 22 per cet on investments in 2023 because it was “unable to escape the developments on the global property markets,” according to a statement on Wednesday.

Nearly 300 banks vulnerable due to CRE loans: Study

Nearly 300 U.S. banks with heavy CRE exposure could need a capital infusion or to merge with another institution to avoid failure, according to a report from banking industry consulting firm Klaros Group

Women in CRE stalling out early in their careers

Women in real estate face the toughest climb to the top among all 19 sectors analyzed by the World Economic Forum’s recent global gender gap report. Despite making up 45% of its workforce, women hold just 29% of leadership roles.

Lawsuits, judgments threaten student housing pioneer

California-based Nelson Partners Student Housing, a pioneer in the off-campus student housing business, is fighting to stay afloat as foreclosures, bankruptcies, multimillion-dollar judgements and liens pile up against the owner's businesses and personal assets. 

Pain showing up in obscure investment product

Commercial real estate collateralized loan obligations (CRE CLOs), an obscure investment product used to finance risky real estate projects, is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property ventures.

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