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Year of change and diversification at Cadillac Fairview: Iacono
Year of change and diversification at Cadillac Fairview: Iacono
As Salvatore Iacono enters his second year as president and CEO of Cadillac Fairview, he is focused on diversifying the assets of a firm which has undergone significant reorganization. Part of this involves something of a return to its roots.
Woodland Capital buys 226-unit Montreal apartment portfolio
Woodland Capital has made its biggest multifamily acquisition to date, the 226-unit Messier-Parthenais portfolio in the Plateau Mont-Royal borough of Montreal, as it continues to focus on apartment sector investments.
Feds take aim at large investors buying single-family homes
The federal government is seeking to restrict large, corporate investors from amassing single-family homes, as it tries to deal with the lack of affordable housing. Ottawa is asking the public for feedback on ways to curb these purchases.
Brookfield drawn into U.S. court case over Peru project stake
Toronto-based asset management giant Brookfield (BN-T) is under scrutiny for buying an infrastructure project caught up in one of the largest corruption scandals in South American history. The Canadian corporation is accused of profiting from assets plagued by “corrupt practices."
A dozen more public properties available for housing projects
The federal government announced yesterday 12 new public properties have been added to the Canada Public Land Bank list, with more on the way. Federal properties are now available for housing proposals in all provinces except Prince Edward Island.
Ontario housing construction about to take big hit: RESCON
High housing costs across Ontario are stunting new construction and could lead to layoffs in trades already struggling to recruit workers to accommodate a wave of coming retirements and an expected increase in demand, a new housing industry report says.
Construction on The One threatened by potential lawsuit
The drama surrounding The One in Toronto can only perhaps be exceeded by the height of the tower itself, and the former may be growing faster than the latter, with a potential lawsuit now threatening construction on the troubled project.
Thind facing two more receiverships, owes $220M to KingSett
Two additional projects by Burnaby-based Thind Properties are heading toward receivership, significantly widening the scope of the developer's financial troubles that began with its District Northwest project in Surrey being placed under receivership.
Patrick Morin Group buys 4 stores in Gatineau-Ottawa
With the acquisition of four P. Bonhomme stores, including three in Ontario and one in Quebec, the Patrick Morin Group, known for its hardware stores of the same name, is making its first breakthrough in the Gatineau-Ottawa region.
Dream closes Arapahoe Basin sale; releases special dividend
Dream Unlimited (DRM-T) has announced the closing of its previously-announced sale of Arapahoe Basin ski area in Colorado to Alterra Mountain Company. Management believes this results in after-tax profit of approximately $115 million.
AutoCanada completes $10M sale of Okanagan Chrysler
Automotive retailer AutoCanada Inc. (ACQ-T) has completed the sale of Okanagan Chrysler in Kelowna, B.C., to Kot Auto Group. This divestment supports AutoCanada's focus on enhancing profitability and lowering leverage.
What is YieldStar, the controversial AI rental pricing software?
Canadian officials are concerned about YieldStar, a controversial software that recommends rent prices to landlords that is currently the subject of a government lawsuit in the U.S. In October, the government said it would launch an investigation into the software.
New Ottawa arena could spur 'whole economy': NHL commish
NHL Commissioner Gary Bettman toured Ottawa yesterday to promote a new downtown arena. The Ottawa Senators and National Capital Commission have an agreement in principle that would see Capital Sports Development purchase land in LeBreton Flats for the arena.
Proposal aims to repurpose old Royal Alberta Museum
Edmonton architectural firm Reimagine and development company Beljan are teaming up to try to save the old Royal Alberta Museum building. The joint proposal hopes to keep the vacant building standing by repurposing it into a new community hub.
Metro reports $219.9-million Q4 profit
Metro Inc. (MRU-T) reported a fourth-quarter profit of $219.9M, down from $222.2M a year earlier. The company behind Metro grocery stores and Jean Coutu drugstores says the profit amounted to 98 cents per diluted share.
Values drop at Brookfield’s $62B property division despite revenue uptick
Brookfield Property Partners saw its revenue tick up slightly in the third quarter, but a decline in the value of investments in its funds and its global office portfolio pushed its overall real estate value down.
British Land valuation creeps higher on strong rents and retail
British Land Co. saw an increase in the value of its portfolio of offices, warehouses and stores in the first half, helped by deploying more capital into the strong-performing retail sector.
Manhattan office shows strength in a still lacklustre market
The Manhattan office market is struggling with new development activity, with only one project breaking ground year-to-date through September, while five other projects were delivered. The sector showed a slight improvement in vacancy, with a number of significant leases inked.
REIT allocations are shifting: Nareit
Allocations by active managers shifted toward data centre, telecommunications and health-care assets in the third quarter of 2024, according to new findings from Nareit. The dataset tracks quarterly investment holdings for the 26 largest actively managed real estate investment funds.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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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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