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Skyline's Bayers Lake fully leased following jump in activity

6 days ago

Skyline's Bayers Lake fully leased following jump in activity

Skyline Industrial REIT has fully leased the Bayers Lake Industrial Centre in Halifax, a process that went from a trickle of interest upon its completion to a deluge of demand, its president Mike Bonneveld said.

$7B PowerCo gigafactory rises in St. Thomas

What was once a sprawling swath of farmland in the southeastern part of St. Thomas, Ont., is rapidly being transformed into one of the largest industrial construction projects in Canadian history, a landmark $7-billion EV gigafactory.

CRE execs among top earners in CEO pay survey

A number of real estate leaders have been included in a pay package survey by the Globe and Mail looking at the compensation deals of CEOs at Canada's top-100 publically traded companies.

Feds won't support Billy Bishop Airport expansion

The federal government says it won't support Ontario's plan to expand Billy Bishop Airport. Transport Minister Steven MacKinnon said the government received more than 87,000 responses to its consultation on the airport, which ended on Friday.

Gordie Howe International Bridge opens to traffic today

The $6.4 billion cable bridge is set to open to traffic today after months of postponements. The Gordie Howe International Bridge will be the newest route between Windsor, Ont., and Detroit, and one of Canada's busiest commercial border crossings.

Ottawa eyes food hubs to boost grocery competition

The federal government's national food security strategy is trying to both empower farmers and cut into grocery consolidation by pledging a 10-year, $1-billion fund to establish as many as 40 local food hubs across the country.

La Cordée files for bankruptcy protection

Struggling with debts of more than $13 million, sports and outdoor retailer La Cordée has filed for bankruptcy protection. The chain of stores filed a notice of intention to make a proposal to creditors on July 11.

The 10 tallest skyscrapers currently planned for Toronto

Toronto's skyline has reached new heights in recent years with the addition of the city's first pair of "supertall" towers exceeding 300 metres, and while the condo market is dwindling, there are still some ambitious proposals in the works.

Developers see profit in seniors housing amid condo crash

Government programs and growing competition in the rental market are incentivizing developers to find ways to stand out — with some seeing Canada’s rapidly aging population and the lack of senior housing options as an opportunity.

Calls for a moratorium on development at Mont-Tremblant

Deploring an "open-pit mine," elected officials and residents of Mont-Tremblant are calling for a moratorium on the construction of new real estate projects in one of Quebec's most idyllic locations.

Western Canada's tallest tower may need to be shortened

Holborn Group’s proposed downtown Vancouver redevelopment faces uncertainty over federal aviation height restrictions that could limit its planned supertall tower. City Council will deliberate and vote on the controversial project tonight.

52-storey tower, 11 others proposed for Halifax peninsula

At 52 storeys, this might be the new reigning tallest tower in Halifax, beating the current champion, One77, near the Armdale Rotary, standing at 34 storeys. Under construction now, Little Brooklyn in Dartmouth will go up to 40 storeys.

Brookfield Properties rebrands to BGRE

Global real estate operator and developer Brookfield Properties has rebranded as BGRE with immediate effect, to reflect the business’ continued growth. BGRE manages office, logistics, hospitality, retail and residential space in gateway markets around the world.

NAVER, NVIDIA, Brookfield expand Korea AI infrastructure

NAVER, NVIDIA and Brookfield have announced a proposed expansion of Korea's sovereign AI factory infrastructure, increasing capacity from 55 megawatts to 200 megawatts. NAVER also intends to expand its deployment of NVIDIA AI infrastructure to 1 gigawatt.

Why Google's $205B AI plan sparked Wall Street turmoil

Google-parent Alphabet broadly exceeded investor expectations with its second-quarter earnings performance. Yet it was the tech giant’s skyrocketing AI infrastructure spending that grabbed Wall Street’s attention and sent the firm’s share price plummeting.

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