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Category: Commercial

RioCan delays new construction, gains on retail, apartments

Steve McLean Commercial Finance National Nov. 6 2023

RioCan REIT (REI-UN-T) president and CEO Jonathan Gitlin says the REIT will delay new construction projects due to economic conditions as it reported a net loss, but strong revenue and development metrics in its Q3 2023 financials.

Is excess parking cutting into industrial floor space? Study says 'Yes'

Evan Duggan Commercial Industrial Metro Vancouver Nov. 2 2023

Only about half of the parking spaces at industrial properties around Metro Vancouver and the Fraser Valley are being used, according to a study released this week. 

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