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Metrocap, Prime Properties buy Montreal commercial portfolio
Metrocap, Prime Properties buy Montreal commercial portfolio
Metrocap and Prime Properties have completed the off-market acquisitions of six properties in Montreal’s Old Port area from Nexus Industrial REIT (NXR.UN-T) and Sandalwood Management. They plan to acquire two more properties in October to complete the deal.
Toronto remains top tech talent market, but leasing is slow
Toronto has moved up a notch to No. 4 in CBRE’s latest Scoring Tech Talent report ranking North America’s top technology markets. Eight Canadian cities remain in the Top-50 ranking; three others are considered emerging markets.
Some federal depts. don't have space for RTO workers
Some federal public servants are unable to return to their offices three days a week because their departments lack enough space. In May, the federal government announced workers would return to the office three days a week, starting Monday.
Western Canada self-storage space is booming
The development of self-storage facilities is booming across Western Canada. Rising costs and the densification of housing in British Columbia’s Lower Mainland are creating a surge in demand for self-storage among residents and businesses.
'Presales' may sound boring, but they have a huge impact
OPINION - Despite scores of building cranes on the Metro Vancouver horizon, reports are emerging that the presale market is floundering because of interest rates, reduced offshore demand, and stagnant condo prices.
JLL lists site of planned Queen West condo from KingSett
A prime parcel of development land just 300 metres from the intersection of Queen Street West and Dufferin has just hit the market. The site has zoning approvals for a 12-storey mixed-use building with 21 condo units.
 | Trez Capital Entering into a new real estate cycle supported by continued housing demands: H2 2024 OutlookAs 2024 progresses, key economic indicators suggest the real estate cycle is entering a new phase. Major central banks have commenced interest rate cuts, with the Bank of Canada leading the way. Sponsored by: Trez Capital |
Toronto's getting a new neighbourhood in the Port Lands
The pioneering redevelopment of Toronto’s formerly overlooked Port Lands area promises a long list of impressive new features for the city, including beaches, parks, an entire island community, and a second new neighbourhood that was recently announced.
Snaile under new management after $12M sale
Snaile Canada, a leader in the smart locker space, has been sold and is now under new management. The company, founded in 2018, was purchased by Canadian entrepreneur Jonathan Szucs and a group of investors for $12 million.
Emergia shareholders force meeting in effort to oust board
A group of Emergia shareholders, together holding over five per cent of the issued and outstanding shares, announced they have requisitioned a meeting of shareholders of Emergia for the purpose of replacing the board of directors.
Conestoga converts Kitchener office tower into a dorm
Growing up, Meagan Sitek watched her grandparents build and sell homes, and now she is overseeing the conversion of a downtown-office building into a dorm for hundreds of students as a project manager for the Zehr Group.
B.C. plans 45-storey rental tower on Burnaby church land
Burnaby church land could be developed into a 45-storey rental tower with money from the B.C. government. The development would replace the Neighbourhood Church's gathering space and become a mixed use hub with retail, a theatre and 430 homes.
Proposal near Toronto's Weston GO adds 20 storeys
Coming close to a doubling of its previous scale, a resubmission by Altree Developments for 1705 Weston Road proposes a 43-storey mixed-use development, a significant boost from a 23-storey submission in 2020.
250-unit apartment project pitched for London
A London resettlement agency is pushing ahead with an ambitious mega-build in London’s Old East Village, seeking a rezoning approval from city council with the goal of getting shovels in the ground by year’s end.
Kingston faces land ‘shortfall’ to meet future growth: study
Kingston needs to start planning for future employment growth by designating more land for business and industrial uses, according to a new report. The Employment Lands Review suggests Kingston will need to expand its urban boundary to accommodate long-term needs.
Real estate podcasts
Adam Jacobs, Colliers: Predictions for Cdn. RE and market challenges, CRE Podcast
Jarrett Vitulli, Evercore: Diving into secondary investment vehicles, The Weekly Take
Ene Underwood, Habitat for Humanity: Pathways to homeownership, CRE Podcast
Commercial real estate prices are stabilizing
The commercial real estate sector remains for the most part resilient and adaptable, as evidenced by a growing stability in property prices, according to Integra Realty Resources’ 2024 midyear report.
British retirement fund L&G to speed up investments in U.S. CRE
Legal & General, a London-based insurance and asset management firm, is betting big on life sciences to kickstart its push into the U.S. commercial real estate market. L&G has more than $45B of commercial real estate assets under management.
Related files demo plan for 625 Madison, for new luxury bldg.
Another example of New York City's postwar office building boom is coming down. The Related Cos. has filed demolition plans for 625 Madison Ave., an office tower that it reportedly plans to replace with a luxury condo and hotel project.
Dubai family bets on luxury property boom with $1 billion towers
Dubai’s Al Sankari family, which operates one of the emirate’s largest fashion and retail firms, is betting on the booming luxury real estate market with homes starting at nearly $11 million.
Industry Events
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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