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Infill multifamily development key sector for Starlight Investments

3 days ago

Infill multifamily is a key sector for Starlight Investments

Starlight Investments has topped off 557 The West Mall — a 249-unit rental apartment building in the Toronto suburb of Etobicoke — as it continues to execute its infill development strategy.

Crown seeks 10 years jail, $26M forfeiture in Fortress case

Prosecutors are seeking 10 years of jail time for the co-founders of now-defunct syndicated mortgage company Fortress Real Developments and the forfeiture of $26 million. Former CEO Jawad Rathore and COO Vince Petrozza were found guilty of fraud in May.

Former HBC building in downtown Vancouver listed for sale

One of the most historically significant and largest retail properties formerly owned by the now-dismantled Hudson’s Bay Company (HBC) has been listed for sale. The property is listed on behalf of FTI Consulting, which is acting as the court-appointed receiver.

Duravit opens $95M climate-neutral ceramic plant in Québec

Duravit has strengthened its North American presence with the opening of a roughly 376,700-square-foot manufacturing facility in Matane, Que. — one of the first sanitary-ceramics plants globally to rely exclusively on electric firing technology.

Canada’s construction financing market finds its equilibrium

After two years of cost volatility, policy uncertainty and cautious capital, Canada’s commercial real estate (CRE) financing market is entering a more rational phase.

Sponsored by: Trez Capital

Broker-owned offices adapt to challenging investment market

Ontario-based Lennard Commercial Realty has opened up shop in Vancouver, the first office outside of Ontario for a firm that describes itself as one of the fastest-growing commercial real estate brokerages in Canada.

Independent advisors back Artis REIT-RFA Capital merger

Artis REIT (AX-UN-T) announced that both ISS and Glass Lewis have issued recommendations that REIT unitholders support the resolutions for a proposed merger with RFA Capital Holdings Inc. at the upcoming special meeting on Dec. 11. 

New tool measures pressure on Canada's housing markets

A tool created by real estate advisory Turner Drake & Partners synthesizes the pressures on Canada’s housing markets into one measurable number, with the intent of helping the industry and policy makers identify and relieve stressors in the sector.

GTA condo crash forces public landlord to redevelop alone

A hostile development climate has forced Toronto’s affordable housing agency to change its plans on a mammoth revitalization project, forging ahead without a private developer for Lawrence Heights’ second phase.

New homebuilders are the boiling frogs of the housing crisis

OPINION: As a homebuilder and business leader who has worked in the industry for decades, here’s what is happening on the ground: costs are rising, projects are stalling and the economics of building homes for all income levels are getting harder.

Toronto project seeks to reignite the co-op housing model

The proponents of the most ambitious co-op building project to break ground in recent Canadian history hope the 612 affordable apartments will be the starting shot for a new era of co-op development in the country.

Province denies Ontario town's plan to buy 2 former schools

The Town of Kingsville says its effort to acquire two vacant schools for attainable housing and public-use spaces has been denied by the province. Municipalities can no longer automatically purchase closed schools.

Canada's first multistorey, 3D-printed student res. underway

The University of Windsor has officially started 3D printing Canada’s first net-zero, multistorey student residence, marking a major milestone in sustainable construction and housing innovation. Once completed, the net-zero building will include seven residential units.

How AI is helping planners design smarter, more livable cities

From housing demand to traffic congestion, city planners have long relied on imperfect models to predict how people move and live. Now, artificial intelligence promises to make those forecasts more accurate.

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Bill Robson, C.D. Howe: The investment gap threatening CRE's future, CRE Podcast
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Blackstone to sell NYC mall to TPG Venture for $425M

Blackstone Inc. agreed to sell a shopping centre in Queens to a venture formed between TPG Inc. and Acadia Realty Trust. The Shops at Skyview in Flushing is under contract to sell for about US$425M.

Manhattan luxury apartment sales surge after Mamdani’s win

Sales of luxury homes in Manhattan jumped last month, countering fears that the election of Zohran Mamdani as mayor would drive out wealthy residents. Buyers signed contracts on 176 homes in Manhattan priced at over US$4M in November.

Amazon tests 30-minute pilot with specialized warehouses

Amazon launched a pilot program to make ultrafast deliveries that, if successful, could fuel demand for industrial space. Amazon is leveraging smaller distribution centres closer to urban cores to get products to customers quickly under a 30-minute delivery pilot.

Data centre demand sending projects into high-risk areas

Data centres are the critical infrastructure underpinning the digital age, and even a brief outage can have massive ripple effects. That's why their developers have historically avoided disaster-prone cities like Houston and Miami.

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