Renovations at Halifax’s Purdy’s Wharf are in the home stretch and owner GWL Realty Advisors has enlisted CBRE to market over 200,000 square feet of office and retail space which will be available in its three buildings.
Menkes Developments Ltd. in partnership with TD Greystone Asset Management announced the signing of a lease with B+H Architects for 23,008 square feet of office space at 320 Bay St., a heritage building situated on the corner of Bay and Adelaide Streets.
Leasing activity in Ottawa’s commercial real estate sector held relatively steady in the past quarter but the upcoming federal election might have a substantial impact on the downtown office market in coming months, according to a report from Colliers International.
The availability and affordability of housing across the GTA, and navigating the complex world of property technology, dominated a PwC and Urban Land Institute (ULI) panel discussion. The discussion launched the ULI/PwC 41st Emerging Trends in Real Estate 2020 report.
Canadian Apartment Properties Real Estate Investment Trust (CAR-UN-T) announced today it has completed the acquisition of a four-storey waterfront apartment property in Summerside, P.E.I. Occupancy for the property currently stands at 100%. CAPREIT paid approximately $11.6 million for the property.
A planned 20-acre neighbourhood in Montreal is one of nine in the world — and the only Canadian site — participating in a Fitwel pilot project. The Quartier des lumières is helping to lay the groundwork for an international Fitwel Community certification.
Toronto-based iQ Office Suites is growing. Launched in 2012, iQ’s portfolio includes four co-working locations in Toronto and one in Vancouver. The company is also in the process of opening another four locations: one each in Vancouver, Calgary, Montreal and Ottawa.
Plans for the former Oakridge Transit Centre site are ramping up. Dubbed “Oak Green,” the development envisions including 17 buildings, which rise between three and 23 storeys, a childcare facility, a public park, retail space and social housing.
A planned multifamily apartment building with street-level commercial units will bring new rental stock to the Lavalee neighbourhood of St. Vital, if developer Ryan Ridge’s vision moves forward as planned. Ridge is the owner of Ridgix Building Solutions Inc.
Proposals for high-rise residential development in the CF Polo Park area have been put on hold for a second time, to give Shindico Realty Inc., Cadillac Fairview and land owners more time to resolve differences with the Winnipeg Airports Authority.
Dream Global REIT (DRG-UN-T) today announced it is mailing its Management Information Circular in connection with the special meeting of unitholders to approve the proposed transaction with affiliates of real estate funds managed by The Blackstone Group (BX-N).
Killam Apartment REIT (KMP-UN-T) has reached an agreement with a syndicate of underwriters led by RBC Capital Markets to issue to the public, on a bought deal basis, 5,050,000 trust units for $19.90 per unit for gross proceeds of $100,495,000.
Cash-strapped WeWork has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the U.S. and Canada after it says it discovered elevated levels of formaldehyde.
MGM Resorts International (MGM-N) said it would sell its Bellagio and Circus Circus Las Vegas resorts in separate deals valued at about $5 billion, as the U.S. casino operator seeks to monetize its real estate assets and bolster its balance sheet.
U.S. luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, sources said on Monday.
When the Hudson Yards megamall opened on the West Side of Manhattan roughly half a year ago, there were plenty of skeptics. The development is in many ways supposed to be the blueprint for a 21st-century shopping mall.
According to a survey commissioned by Royal LePage (BRE-T), newcomers to Canada represent one in every five homebuyers (21 per cent). If the current international migration level is maintained, Canadian newcomers are expected to purchase 680,000 homes over the next five years.
Canada’s largest cannabis producers are being credited with micro-booms in some local economies and the trickle-down effects are visible in nearby housing sales and price increases. This trend is more pronounced in Eastern Canada.
Hopeful townhouse buyers are waiting to see if the condominium units they prepurchased in 2016 will ever get built as shareholders wage a power struggle for control of CIM International Group Inc. (CIM-CN), a Toronto-area real estate development company.
If you’re thinking of getting into the market to buy a house, you should know: Waiting could cost you. Prices in Montreal have been rising steadily during the past few years, and the momentum doesn’t seem to be slowing.