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Anthem continues to expand Alberta industrial portfolio
Anthem continues to expand Alberta industrial portfolio
Anthem Properties completed its acquisition of a five-building industrial portfolio in Edmonton, closing on the Emco building and the Brier Business Centre - before flipping the latter property. The firm continues to seek investment opportunities in Alberta.
Demand still outpacing growing supply of apartments
The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments — despite demand still outpacing supply for rental housing.
Retail space remains scarce across Metro Vancouver
Space is tight for retailers and restaurant owners looking to open stores in Metro Vancouver and those wanting large floorplates have even fewer options. Colliers International vice-president Sherman Scott says low vacancy is the norm across the region.
Fitzrovia CEO: It's OK to rent
With rents at record highs and vacancies at all-time lows, Canada is in the midst of a severe apartment crunch. Fitzrovia CEO Adrian Rocca is deploying rooftop pools, coffee-to-cocktail cafés and dog spas to get his country out of it.
$85M earmarked for U of T’s modernization plan
The Ontario government invested $9.9 million in the Toronto High Containment Facility last week, part of the University of Toronto’s $85-million modernization plan that will make the lab the largest academic facility of its kind in Canada.
Workforce pressures to continue in West: BuildForce
New reports from BuildForce Canada suggest the construction industry in Canada’s three western provinces will generally trend upwards over the next decade but with pockets of weakness in all three during the forecast period.
National Bank still carbon neutral, but emissions rose in 2023
National Bank of Canada's (NA-T) operational emissions reached a four-year high in 2023, but the sixth-largest Canadian bank still beat its 2025 target for the metric, according to its 2023 ESG Report.
CFIB: 200K small businesses took loans to repay CEBA
Roughly 200,000 small businesses took on new debt to access the forgivable portion of their pandemic relief loans from the federal government, the Canadian Federation of Independent Business said Tuesday.
H&M tops estimates for quarterly operating profit
H&M, the world’s second-largest listed fashion retailer, reported a stronger than expected first-quarter operating profit, sending its shares up 13 per cent, as new CEO Daniel Erver said shoppers liked the brand’s spring collections.
B.C. eateries, pubs see Canada's steepest sales drops
B.C. restaurants, pubs and bars are enduring steeper drops in sales than any other province, according to Statistics Canada data released Monday. Industry advocates say this is because it costs more to live in B.C.
Nova Scotia craft breweries closing, restructuring
After a craft brewery boom in Nova Scotia, the taps are running dry for some. Serpent Brewing closed last year. This month, Off Track Brewing announced it will close and two other Halifax-area breweries plan to sell or restructure.
Australia's Just Cuts targets Canadian market
Sydney, Australia-based Just Cuts is set to launch its first Canadian salons in the near future as the brand looks to expand to the Canadian market. The brand is set to open this year in Calgary, Edmonton and Mississauga.
Brookfield’s L.A. office tower selling at huge discount
A Los Angeles office building Brookfield Asset Management (BAM-T) defaulted on is being sold to Consus Asset Management, a South Korea-based firm, for about 50 per cent less than the US$289 million outstanding debt on the tower.
Average U.S. office rents continue ticking up
Average U.S. office rents are higher than they were in the fourth quarter of 2019, even as the country's office market battles surging vacancy rates, a glut of sublease space and a wave of defaults.
U.S. office loan payoff rate rises in January, February
The payoff rate on maturing U.S. office loans packaged in commercial mortgage-backed securities (CMBS) spiked in January and February from last year, according to a new report by ratings agency Moody's Investors Service.
$4.3B citizenM hotel chain could be sold
The pension funds that own global hotel chain citizenM are exploring options, which could include a sale for as much $4.3B US. The chain is owned by Dutch pension giant APG and Singaporean sovereign wealth fund GIC.
Apple Hospitality acquires 234-room AC Hotel for $116.8M
Apple Hospitality REIT, Inc. (APLE-N) today announced the acquisition of the 234-room AC Hotel by Marriott Washington DC Convention Center for approximately $116.8 million, or $499,000 per key.
Bondholders oppose Chinese developer's debt proposal
A group of major bondholders of defaulted Chinese developer Shimao Group said on Wednesday it "firmly opposes" the firm's proposal to revamp $11.5 billion of offshore debt, clouding its prospects amid a deepening crisis in the property sector.
Country Garden to carry out liquidation analysis: Sources
Country Garden has hired Kroll to carry out a liquidation analysis ahead of a court hearing in mid-May, according to three sources, as the embattled Chinese developer pushes ahead with its offshore debt restructuring plan.
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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