Recent Articles
Huge mixed-use development proposed for Burlington, Ont.
Huge mixed-use development proposed for Burlington, Ont.
Alinea Land Corporation has proposed a huge, 36-building mixed-use development for an empty 121-acre site it has owned for two decades, at 1200 King Rd. in Burlington, Ont.
Starlight's busy Q1: acquisitions, openings, 4th fund close
Starlight Investments had an active first quarter with the acquisition of over 1,000 rental units in Ontario, opening two apartment buildings in British Columbia and closing its fourth Growth Fund to fuel more acquisitions across Canada.
New-build home sales in Ontario surge after rebate launch
Ontario’s new home market is heating up after sales tax rebates went into effect this month, but it’s too early to say whether the move will revive a sector that has been in a slump for years.
MZOs force through controversial 11-tower Oakville plan
On Thursday, the Ontario government issued four minister’s zoning orders (MZO) to fast-track a condo project near the Oakville GO station. It would bring more than 6,800 new homes to an area the size of Rogers Centre.
Mississauga offices sweeten offering with lounges, gyms
With both private- and public-sector employees being called back to their offices, some companies are looking to entice workers to trade the conveniences of the home office for access to gym equipment, yoga rooms, lounges, gourmet coffee and more.
Industrial zone coming to Maple Ridge, B.C.
A new industrial zone in Maple Ridge is in the pipeline, which could help relieve pressure on the region’s industrial real estate, though one local business remains concerned about high land prices pushing companies away.
Calgary city council repeals blanket rezoning
Calgary’s repeal of its citywide rezoning policy is being welcomed by critics as a chance to press reset on city planning, while developers warn the move is already stalling investment and could push capital out of the city.
Vancouver's wild condo pre-sales era is over. What's next?
The pre-sale model responsible for financing a huge proportion of new homes built in Metro Vancouver over the past three decades is now, in the estimation of different industry professionals, "on its knees," "dismal" or "dead, dead, dead."
New shopping plaza under construction in Edmonton
Residents in southwest Edmonton will soon have more access to shops, restaurants and services, with a new commercial plaza under construction. Desrochers Village is a phased, 30-acre power centre from Allard Developments.
Regina-based MDL purchases South Gate Plaza for $6.2M
The MDL Real Estate Income Fund has purchased the 3.91-acre South Gate Plaza in Prince Albert for $6.2 million. This is the second property MDL purchased in Prince Albert.
Is Choice Properties the right REIT?
OPINION: In a mid-March report following a conference on retail real estate investment trusts, Scotia Capital Inc. analysts Mario Saric and Himanshu Gupta named Choice (CHP-UN-T) as a top pick in the sector alongside Crombie REIT (CRR-UN-T).
Gen Z Canadians are reviving mall culture
Long before the days of smartphones, social media and same-day delivery, the mall was where people met, lingered and spent time together. New research from Lightspeed Commerce suggests that Gen Z Canadians are rediscovering the social side of shopping.
SCDC, TransLink lead Newton plan to draw 4,000 residents
A major redevelopment effort aimed at reshaping the core of Surrey’s Newton neighbourhood over the next 30 years has been unveiled through a partnership between the Surrey City Development Corporation (SCDC) and TransLink.
33-storey rental tower proposed for Markham
Plans are advancing for the first phase of a larger community at 455 Ferrier St. in Markham, where a 33-storey mixed-use rental tower is proposed as part of what will be Saint Mark’s Coptic Canadian Village.
Hyatt hotel to open next to Metrotown SkyTrain station
A sizeable hotel accommodations property is set to open immediately east of SkyTrain’s Metrotown Station in Burnaby this spring. Hyatt Place Vancouver/Metrotown hotel will occupy the first 10 floors of the 48-storey mixed-use tower at 4498 Beresford St.
64-acre fairytale resort being built in Alberta
Charmed Resorts, known for its dazzling fairytale cottages, has received the green light to open a new 64-acre Alberta location. Charmed opened its first location in Blairmore in spring 2021.
Miami wealth boom drives $1B Mandarin hotel project
Miami’s Mandarin Oriental ended a 25-year run with a planned implosion over the weekend that took less than a minute. From the rubble will rise a US$1-billion luxury project fuelled by the city’s wealth boom.
Vacancy high in life sciences sector after construction boom
Nearly 60 million square feet of life science space came online in the U.S. between 2020 and 2025 in the 11 hubs tracked by Savills Research, but more than half remains vacant, according to a new report from the firm.
Interra buys Greenway Plaza office campus in receivership sale
A prominent 53-acre mixed-use office campus in Houston that has been in receivership for years, has a new owner. Interra Capital Group acquired Greenway Plaza and appointed CBRE to lease it, the Houston-based boutique private equity firm announced Friday.
KKR unit to boost buying in $2.8-trillion Japan property market
KKR & Co.’s Japan real estate management subsidiary plans a “big expansion” in acquiring properties companies want to sell, a market the firm estimates could be worth ¥450 trillion (US$2.8 trillion), the unit’s head said.
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