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Cold-storage firms Congebec, Bradner merge operations

1 day ago

Cold-storage firms Congebec, Bradner merge operations

Canadian cold-storage logistics specialists Congebec and Bradner Cold Storage are uniting operations to create a network of facilities which spans much of Canada - from Quebec in the east to British Columbia in the west.

Manulife Place tower rebrands as National Bank Centre

One of Edmonton’s most recognizable downtown office towers will be rebranded, shedding its previous Manulife Place title to become the National Bank Centre as the bank begins moving in hundreds of employees later this year.

Hudson’s Bay sees interest in 65 of its leases

A process to find takers for leases held by Hudson’s Bay has generated plenty of interest. A new court filing in the chain’s creditor protection case said 18 unnamed parties submitted letters of intent for a total of 65 leases. 

Indigenous groups hold the key to infrastructure investment

OPINION: Indigenous participation in major projects is accelerating. RBC estimates that the Indigenous equity opportunity in energy and resource sectors could amount to $100 billion in the next 10 years. 

Chatham’s first luxury rental development in over 30 years is up for sale

Park Place in Chatham is a newly built, 231 unit, 2-building multi-family investment property with 100% occupancy being represented by Colliers.

Sponsored by: Colliers Canada Brokerage

Report on Calgary downtown highlights office conversions

The City of Calgary delivered a report on the state of the downtown, covering its revitalization from 2022 to 2024. It highlights the projected return of $3.50 for every dollar in public funding invested in downtown office conversions.

Retail, restaurants and rooftops in Calgary’s Beltline

Western developer Vesta Properties will build three large towers in downtown Calgary, with the aim of bringing urban life to an underused corner of the city through a new, vibrant community that will be built at street level.

The entrepreneurs building a racquet sport empire

Founded by two consumer retail veterans as a pop-up project in the summer of 2023, the pickleball and padel club Fairgrounds has exploded in popularity, with four locations in the GTA and many more on the way.

Peoples Jewellers unveils flagship store at Yorkdale Mall

Peoples Jewellers has opened a redesigned flagship store in the prestigious Yorkdale Mall. This innovative location is set to redefine the shopping experience for jewellery enthusiasts, blending luxury with approachability to create an inviting atmosphere.

Avril expanding with new locations in Quebec

Granby-based Avril, which now has 13 grocery stores – including two in Montreal and three in the greater Quebec City area – will open 10 new branches within the next five years.

Frank and Oak to close all stores, sell intellectual property

Clothing retailer Frank and Oak is closing all 14 of its stores in the coming weeks and selling its intellectual property to a Montreal-based company as part of ongoing restructuring efforts. 

Vancouver city council backs Jericho Lands megaproject

Vancouver city council has voted in favour of the Jericho Lands project that will create 13,000 housing units in West Point Grey over 25 years. Council unanimously backed the First Nations project on 90 acres of low-density land.

Developer asks Supreme Court to review Parker Lands ruling

Developer Andrew Marquess plans to ask the Supreme Court of Canada to hear his contention that the City of Winnipeg slowed the progress of a 1,900-unit residential development in Fort Garry, lawyer Dave Hill said Tuesday.

Homes on Hamilton expansion lands would be 10 years away

Don’t expect farmers’ fields to sprout subdivisions any time soon if developers get the go-ahead to expand Hamilton’s frozen urban area into rural lands. The construction of homes proposed for Elfrida and near Mount Hope wouldn’t likely start for several years.

Should foreign buyer restrictions be relaxed?

For some years now, there has been broad public acceptance for restrictions on foreign homebuyers through taxes and bans. But as economic uncertainty about tariffs and global stock market turbulence stall already tepid activity, these issues have also reignited conversations.

Amazon the latest tech giant to pause data centre leasing

Amazon Web Services, the world’s largest data centre user, has reportedly paused some of its data centre leasing discussions, indicating a slowdown in the tech giant’s near-term appetite for new data centre capacity. Amazon’s cloud division is “pulling back”, particularly in markets outside the U.S.

CRE is 'at a crossroads' after loan modifications spike

The days of extend-and-pretend strategies, where loan terms are pushed out to delay refinancing or payoffs, are far from over, new data suggests. Loan modifications for CMBS, collateralized loan obligations and Freddie Mac debt nearly doubled over the last year.

'The Shining' hotel owners borrow $300M for horror-themed expansion

Sundance Film Festival’s upcoming move to Boulder, Colo., has the owners of a cinematically significant hotel nearby plotting an expansion for film festival fans longing to see the door once marked “REDRUM” or burst into rooms shouting, “Here's Johnny!” 

Blackstone lends $368 million for luxury Oslo property portfolio

Blackstone Inc.’s real estate debt business has refinanced a portfolio of properties on an Oslo shopping strip that’s lured the world’s biggest luxury brands, the largest such loan ever provided in Norway.

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