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Rising bond yields put focus on asset fundamentals: Avison Young

1 week ago

Rising bond yields put focus on asset fundamentals

Canada’s commercial real estate sector is staying steady, even as it is buffeted by higher bond yields brought on by economic and political volatility outside the country, Avison Young said in its Q3 analysis of cap rates and investment trends.

Reinvesting in existing office towers for the future of work

GUEST SUBMISSION: Canada's workplace is evolving. As organizations adapt to changing employee expectations and cities continue to grow, conversations about the future of office have largely focused on what comes next.

Stalled Vancouver office tower project pivots to hotel

An office tower project approved about six years ago for a narrow vacant lot in the Central Business District of Downtown Vancouver could now become predominantly a sizeable hotel, with office space retained on its upper floors.

Logel hits $200M revenue as it marks 25 years in business

Logel Homes has won multifamily builder of the year awards in Calgary and Alberta in the same year, adding to a nine-year run in which the Calgary-based company has collected 78 industry awards.

CPP, OMERS sell Associated British Ports stakes to IFM

CPP Investments and OMERS have agreed to terms with a fund managed by IFM investors to sell each of their respective 33.9 per cent and 30 per cent stakes in Associated British Ports. Financial terms were not disclosed.

PSP Investments, Nuveen launch $790M U.S. retail JV

PSP Investments and Nuveen Real Estate have launched a joint venture with US$790 million in initial investments to acquire open-air shopping centers across the U.S., targeting grocery-anchored properties and retail destinations focused on everyday consumer needs.

Topping off IRIDESA. The evolution of 1156 The Queensway.

Leader Lane Developments and ELM Developments celebrate a major construction milestone at IRIDESA, a 12-storey purpose-built rental community on 1156 The Queensway, with occupancy expected in early 2027.

Sponsored by: Leader Lane Developments & ELM Developments

Why there's still 'a lot of pain' for real estate developers

There’s talk of a rebound in the CRE sector, but one industry executive who specializes in insolvency says he’s busier than ever. Jeffrey Berger, managing director of TDB Advisory, gauges the market by his transaction volumes.

Former retirement home to reopen with studio apartments

A shuttered retirement home near London is reopening with 120 studio apartments. Formerly the Maple View Terrace retirement residence, the six-storey building will now be known as The Horton after being bought by Toronto-based Artha Capital in July.

Menkes plans office demolition for residential project

Menkes Developments has resubmitted plans for part of a redevelopment at 793 Don Mills Rd. in Toronto’s Flemingdon Park area, replacing an earlier plan that would have retained the Foresters office building.

Decathlon opening in former Sears building in Fleur de Lys

The French chain Decathlon continues its expansion in Quebec with the opening of a third store in Quebec City next summer, in the new Fleur de Lys district. The future store will have an area of ​​30,000 square feet.

Four stores to occupy former HBC space at Hamilton mall

Hamilton's Lime Ridge Mall has big shoes to fill. So big, that filling them will be a four-part job. Four unannounced retailers will fill the two-level space left vacant by Hudson’s Bay Company (HBC) last year.

Toronto Chinatown Land Trust buys its first building

Toronto Chinatown Land Trust is making its first buy — a mixed-use building with two apartments and two commercial spaces — as part of its mission to remove properties from the private market and keep them affordable under community ownership.

Dream Industrial REIT closes $300M debenture offering

Dream Industrial REIT (DIR-UN-T) has closed its previously announced private placement of senior unsecured debentures consisting of $300 million aggregate principal amount of 4.416 per cent Senior Unsecured Debentures, Series I maturing on October 22, 2030.

Ken Griffin completes deal to build 1,400-ft. NYC skyscraper

Vornado, Ken Griffin and Rudin announced they formally closed on their joint-venture agreement to build a 66-storey, 1,400-foot tall skyscraper in NYC. The JV partners also closed on a US$3.3 billion construction loan for the tower.

CoreWeave's debt fuelling fears of a data centre reckoning

CoreWeave’s mounting debt has roiled markets over the past week and stoked fears about the future of the AI cloud provider and the booming sector it occupies. While prominent analysts and investors say fears are overblown, some analysts have doubts.

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