Provincial sources have suggested the favourite in the controversial redevelopment of Ontario Place is Therme Group, an Austria-based developer of glass-encased “wellness resorts” with real palm trees surrounding pools, saunas, indoor beaches and water slides.
The winning proposal of the multi-million dollar renovation to Hamilton’s downtown entertainment facilities proposes changes to FirstOntario Centre, FirstOntario Concert Hall and the Hamilton Convention Centre as well as a series of high-rises. The winning bidder includes Fengate Asset Management.
WalMart (WMT-N) has announced a fifth distribution centre in the GTA as part of a five-year, $3.5-billion commitment to its Canadian operations. It joins a 300,000-square-foot facility being built in Surrey and upgrades to a distribution centre in Cornwall, Ont.
COVID-19 is not deterring the developers behind the Royalmount project in Town of Mount Royal. In February, Carbonleo detailed a complete redesign of its massive shopping, residential and entertainment complex that incorporates greenery, public transit and 3.8 kilometres of pedestrian paths.
Chief Investment Officer & Portfolio Manager, Equiton Capital
The city of Vancouver has released its “draft guiding principles” for the giant Jericho Lands development. The 90-acre site is co-owned by MST Development, a company owned by three local First Nations.
Before March, Vancouver’s architects, builders and tradespeople negotiated for permits at City Hall in a way that was reminiscent of the 19th century. That’s all vanished, for the moment. Meetings are virtual. Plans and drawings can be sent online.
Despite a rise in teleworking, CBRE Ottawa managing director Shawn Hamilton doesn’t expect a wave of new office inventory to flood the market. “My sense is the story won’t be as dramatic as some might think it could be.”
Visitors to Humble Lion’s McGill College Avenue coffee shop are greeted by a hand-drawn rainbow on a chalkboard featuring the ubiquitous “Ça va bien aller” slogan — altered to read “Café bien aller” — with a big question mark underneath.
Montreal-based DAVIDsTEAs creditors are collectively owed $17.3 million. Subsidiaries of Ivanhoe Cambridge are owed $658,286.36. This figure includes $69,677.88 at Metropolis at Metrotown and $68,932.88 at Tsawwassen Mills. CF Pacific Centre in Vancouver and CF Richmond Centre in Richmond are owed $91,554.92 and $43,001, respectively.
A large, damaged crane has been successfully secured and removed from a downtown Toronto construction site after hitting an adjacent building last week. The incident occurred on a PCL Constructors construction site at 160 Front St. near Simcoe and Wellington Thursday.
The coronavirus has prompted landlords to think about how they can incorporate elements of the flexible office model into bigger and bigger office leases, panelists said during a Bisnow webinar about the future of office last week.
Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said.
“The real-estate industry is all about taking cash out, and on a tax-deferred basis, at that,” said Herrick Feinstein LLP‘s Scott Tross. “But in many respects, what’s happening now is reminiscent of what happened 10 years ago or so.”
Simon Property Group (SPG-N), the U.S.’ largest retail REIT and mall owner, is teaming up with Fillogic, a logistics-as-a-service platform for retail. The partnership will allow Fillogic to expand its tech-enabled micro distribution centres.
Real estate agent Zulkider Jiwa, who has managed several Airbnb listings in an East Vancouver building for years, has been ordered by the B.C. Civil Resolution Tribunal to stop using his condos as short-term rentals.
Modern Green Canada wants to rezone a prime piece of real estate across from Oakridge Centre so its 300 social housing units are all in buildings on one parcel instead of being spread across the project and alongside market units.
Multifamily investors buying buildings worth $5 million or more can now access Canada Mortgage and Housing Corp. insured mortgages at 1.3 per cent for five years and 10-year loans at 1.7 per cent, the lowest rates ever offered.
Should Toronto attempt another smart-city project over the next decade, it’s the control and distribution of that human data — its governance — that will make or break the venture, says Ryerson University’s faculty of communication and design’s Richard Lachman.