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Woodbourne, Address partner on 50-storey rental tower in Toronto

4 days ago

Woodbourne, Address partner on 50-storey rental tower

Construction is underway for a new purpose-built rental apartment at 88 Isabella St. in downtown Toronto that was originally planned to be a condominium. Woodbourne has replaced an unnamed family office to become the partner for Address.

KingSett buys 50% stakes in two Cadillac Fairview malls

Cadillac Fairview said on Friday that it completed the sale of 50 per cent, non-managing interests in CF Pointe Claire mall in Montreal and CF Markville mall in Markham to KingSett's Real Estate Growth LP No. 9.

Anthropic in talks to lease massive data centre campus

Anthropic is negotiating with developer Beacon Data Centers to be the tenant of a proposed project located in Sturgeon County in Alberta’s industrial heartland, powered by a 920-megawatt natural gas plant approved by Alberta’s Utilities Commission on Oct. 23.

Never bet against New York City: Bob Knakal

Jesse Fragale
Host, Working Capital - The Real Estate Podcast

$5.9B port expansion listed as project of national interest

The planned Roberts Bank Terminal 2 expansion in B.C., which is expected to add 2.4 million containers of capacity at the Port of Vancouver, the largest in the country, has officially been named a project of national interest.

Nation-building projects attract investors to communities

A shifting investment climate across Western Canada is driving rare, once-in-a-generation capital into smaller communities outside major cities. This year’s pick of top towns showcases communities that stand to reap the benefits of these forward-looking investments.

Beyond 75 per cent: How a higher-leverage conventional financing structure may help advance your rental project

Developers may want to tie up less equity in each project, keeping more capital for the next. On a $100M+ Ontario rental build, Laurentian Bank helped structure a deal reaching 85% leverage without CMHC-insured construction financing. Joseph McGrath explains how.

Sponsored by: Laurentian Bank

Alberta data centres the new gold rush

Data centres in Alberta are being built and proposed at breakneck speed, despite growing calls to slam the brakes. In total, there are 20 active data centres in Alberta, with another 149 announced and four under construction.

Fort McMurray braces for another boom

This Alberta oil town has known tremendous prosperity, but also hardship and tragedy. A decade after layoffs and wildfire, Fort Mac is gearing up for a new wave of growth.

Windsor’s Sandwich Town booming as Americans flood in

Sandwich Town was decaying for decades, until 2023's $1 million revitalization transformed it into a thriving neighbourhood with booming restaurants and cycling tourism. Now, the opening of new Gordie Howe International Bridge has transformed the community. 

Slate Grocery REIT mails circular for acquisition vote

Slate Grocery REIT (SGR-UN-T) announced it has filed and mailed the management information circular and materials for a special meeting of unitholders, to be held in a live, virtual-only format on Nov. 25 at 11 a.m. ET.

Ottawa event centre rises as $418.8M project progresses

The event centre is part of a $418.8-million project, dubbed Lansdowne 2.0, that is transforming Lansdowne Park in Ottawa's The Glebe area. The new structure will accommodate up to 7,000 people for concerts and 6,600 for hockey.

Density coming to Toronto's MTSAs, but not keeping pace

Toronto’s Major Transit Station Areas (MTSAs) continue to attract substantially denser development, according to the latest data from UrbanToronto. But the number of projects within their boundaries is no longer keeping pace with the rest of the city.

Lockheed Martin buys N.S.-based Ultra Maritime for $3.45B

United States defence and aerospace giant Lockheed Martin has acquired Nova Scotia-based undersea defence company Ultra Maritime for US$3.45 billion. The takeover comes as Nova Scotia sees growing investment in naval defence tech.

BAM, CPPIB close purchase of LXP Industrial Trust

Brookfield Asset Management (BAM) and CPP Investments say they have closed their purchase of LXP Industrial Trust. LXP’s portfolio includes 107 industrial properties in the U.S. The deal valued LXP at about US$5.2 billion.

TSMC’s $265B campus driving a RE boom in Phoenix

TSMC’s $265 billion buildout — the biggest foreign investment in U.S. history, and in an industry that American policymakers would desperately like to repatriate — has turned the scrubby north Phoenix suburbs into a hotbed of real estate investment.

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