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Ottawa's 6.5-acre Booth Street development site for sale
Ottawa's 6.5-acre Booth Street development site for sale
CBRE is marketing a "fantastic", long-coveted Ottawa development opportunity to create a new community at a 6.5-acre site owned by Canada Lands Company, known as the Booth Street Complex.
The future of Ontario malls, owners are getting creative
As all but three Ontario malls will be losing their Hudson’s Bay Company stores, many mall property owners are left without anchor tenants. Some shopping centres are getting creative with how they fill their vacant spaces.
Last six Hudson’s Bay stores likely headed for liquidation
Hudson’s Bay is holding out hope that it can continue to keep six of its top-tier stores open despite insolvency, but time is running out for the once-vaunted retailer to secure a deal and experts are not optimistic.
Metrolinx's bill for an expropriated Toronto property doubles
After Metrolinx moved to expropriate 1A Atlantic Ave., a 2.84-acre property near Exhibition GO station, its owners argued the agency was stripping them not only of the value of the property in its current form, but of lucrative redevelopment potential.
Firm Capital to divest interest in Montreal industrial JV
Firm Capital Property Trust (FCD-UN-T) is selling its 50 per cent interest in a Montreal industrial joint venture. The 159,470-square-foot facility will be sold for $27.9 million. Firm's portion is approximately $13.8 million.
 | The Apartment Building Expert Beyond competition: Apartment developer peer connectionsDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
High density plan for Hamilton Mountain clears tribunal
A settlement before the Ontario Land Tribunal has set the stage for an 1,850-unit residential development from New Horizon Development at a Hamilton strip mall. The nearly 10-acre property joins the ranks of retail sites poised for redevelopment.
Presales halted for Vandyk project as receivership sale stalls
All presale purchase agreements pertaining to The Buckingham by Vandyk Properties have been terminated, according to documents filed in the Ontario Superior Court, as the court-ordered sales process now extends into a second year.
Davisville proposal would retain modernist heritage building
A 45-storey rental tower is proposed on Merton Street in Toronto’s Davisville Village, an area seeing plenty of highrise intensification. Proposed by Graywood Developments, the building would partially retain the site’s heritage building.
A new life for former Frontenac Tower office building
After being vacant for nearly 20 years, the Frontenac Tower, located in the heart of the Laurier Québec shopping centre, is preparing for a new purpose.The former office building will soon be replaced by 88 studios and apartments.
Calgary’s retail landscape poised for transformation
Calgary’s retail scene is on the cusp of significant change as major space closures from the Hudson’s Bay Company shake up the market. Calgary could soon see nearly one million square feet of retail space become available.
Marshalls opens in downtown Vancouver
Marshalls has opened a major store in downtown Vancouver at the northeast corner of the prominent intersection of Robson and Granville streets. The store replaced Winners in the 30,000-sq.-ft. retail space.
Largest music store in Canada closing after 57 years
It's the end of an era for an enormous music store just north of Toronto, as local institution Cosmo Music has announced its impending closure after almost six decades in business.
$175M set for Hudson Bay Railway and Port of Churchill
The Government of Canada announced an investment of $175 million over five years to support operations and maintenance of the Hudson Bay Railway and pre-development activities at the Port of Churchill, owned by Arctic Gateway Group.
Saskatoon considers change to business property taxes
Saskatoon’s businesses could take on more of the tax load if city council goes forward with a recommendation that the non-residential to residential property tax ratio be adjusted, so businesses pay $1.75 for every dollar paid by residents.
Proptech leaders on U.S. tariffs and the real estate market
Cross-border tariffs and shifting economic policies can drive up costs, disrupt supply chains and create uncertainty for businesses in both countries. For Canada’s proptech sector, which sits at the intersection of real estate and innovation, these changes raise important questions.
Couche-Tard sees strong interest in U.S. stores for Seven & i deal
Private equity firms are showing strong interest in buying about 2,000 North American convenience stores that could be divested if Alimentation Couche-Tard succeeds in its US$49 billion endeavour to buy out Seven & i Holdings.
Dollar Tree to sell struggling Family Dollar for $1 billion
Dollar Tree is offloading its Family Dollar chain for about US$1 billion to Brigade Capital Management and Macellum Capital Management a decade after buying the business. The deal is expected to close next quarter.
Starwood strikes deal for Goldman, Dalfen warehouse portfolio
Starwood Capital Group bought a warehouse portfolio for about US$685 million, signalling increased demand for distribution centres closer to consumers. Starwood bought the 38 warehouses from Goldman Sachs and Dalfen Industrial. Dalfen will continue to operate the portfolio.
Innovo wraps 1M-sq.-ft. multistorey industrial complex in Queens
Innovo Property Group has completed The Borden Complex, a unique class-A industrial property in Long Island City. The million-square-foot multi-tenant development has multiple levels of industrial space and a purpose-built film and television studio
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