Trulife Developments might have just one completed project to its credit, but it will soon launch sales for a joint venture condominium and has ambitious plans for other developments at various stages in its pipeline.
Paul Finkbeiner has experienced some pretty tough business climates during his 30-plus-year career, so the global head of real estate for Great-West Lifeco is unruffled by the current situation facing commercial real estate investors and managers.
Winnipeg city council has narrowly approved a $20-million package of incentives to assist a $400-million renovation of Portage Place by Toronto-area developer Starlight Investments. Starlight made a conditional $69.9-million offer for the downtown Winnipeg shopping centre.
Ottawa’s Denis Archambault and Quebec City-based Pierre and Francois Moffet plan to build a 1.3-million-square-foot complex of apartment units and hotel suites near Ottawa’s Cyrville LRT station. The project would include a hotel and residential towers of 25, 27 and 36 storeys, respectively.
The Conference Board of Canada is set to sell its head office building at 255 Smyth Rd. in Ottawa, as it transitions to a remote-based organization. The board had already planned to sell, but physical distancing measures sped up the timing.
When it opened in 1952, the strip of shops set back from the intersection of Bayview and Eglinton in Toronto’s Leaside neighbourhood inaugurated a whole new era. Sunnybrook Plaza’s place in history is enshrined as Toronto’s first strip mall.
Less than a year ago, Nathalie Palladitcheff joined global real estate investor Ivanhoé Cambridge, succeeding Daniel Fournier as CEO of a company with a $64-billion portfolio. She could have had no premonitions about what would unfold in 2020.
Landmark Advisory Services, a Montreal-based real estate advisory firm specialized in commercial tenant representation, has chosen Calgary for its Western headquarters. Richard Glubish, its director of corporate accounts, Western Canada, has 29 years of experience in commercial real estate.
Ascena Retail Group (ASNA-Q), the parent company of Ann Taylor, Loft and Justice, says it will close all of its clothing stores in Canada. According to their websites, there are four Ann Taylor, nine Loft and 37 Justice stores in Canada.
Montreal-based clothing retailer Tristan has chosen to take shelter from its creditors. The company hopes the process will enable it to renegotiate its leases for its 44 locations in Quebec, Ontario and Alberta.
A&W Revenue Royalties Income Fund (AW-UN-T) saw same-store sales plunge more than 30 per cent in its most recent quarter as the fast-food chain kept many of its locations shut down due to the COVID-19 pandemic.
The accompanying table records the 10 largest construction project starts in Canada in June. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada.
PODCAST: The Star’s Robert Benzie and David Rider talk about the future of Ontario Place, the false starts and new hope for the waterfront, and the battle between the province and the city over a Toronto institution.
Canada Life Investments announced its LF Canlife UK Property ACS fund has sold Farringdon’s Superunion building for $46 million Cdn to Hampshire County Council. The London property has 32,025 square feet of office space.
Fl India’s Flipkart said on Thursday it had acquired parent Walmart Inc.’s (WMT-N) local cash-and-carry business, as the e-commerce firm strengthens its wholesale offerings to better compete with Amazon.com Inc (AMZN-Q).
A new Zoocasa report suggests there’s a rare window of opportunity to snag a condo in downtown Toronto. Zoocasa says listings of ex-Airbnbs suits were 108 per cent higher year-over-year for 10 buildings in the downtown entertainment district and waterfront.
A former Tim Hortons location in Chéticamp, N.S., that was vacant for years is being transformed into an apartment complex. Gerard Lefort of Hammonds Plains Lifestyle purchased the property. Work on the building included adding a second level.
A proposal from developer North Atlantic Star calls for a 12-storey, Options Architects-designed building to rise from the current site of a low-rise retail plaza and surface parking lot at 3150 Eglinton Ave. E. in Scarborough.