Timbercreek Financial Corp. has moved to place Stephen Avenue Place, a 40-storey office tower in downtown Calgary, under receivership for the second time in two years.
Choice Properties Real Estate Investment Trust says it sold a five-property retail portfolio in Spruce Grove, Alberta, as Canada’s largest publicly traded real estate investment trust shifts its focus to multifamily and industrial properties.
On the surface, the latest Edmonton jobs report shows strength, but the stubborn unemployment rate amid population growth signals trouble for the labour market.
BMO Financial Group has agreed to sell 138 branches in the United States, mostly across the Great Plains, to First Citizens Bank in a move BMO says will allow it to free up capital to fund its expansion to markets the bank sees as more promising for long-term growth.
Roughly 18,000 jobs were added to Vancouver’s metropolitan market over the past year, a 1.1% increase, according to Statistics Canada's latest release published last week.
The Fraser Valley has experienced substantial growth in recent years, driven by a robust office development cycle and a surge in industrial construction prompted by evolving consumer behaviours during the pandemic. With inventory now replenished, developers have scaled back construction in the commercial sector; however, residential development continues, albeit under increasing pressure.
Monos is set to open its third U.S. store in Chicago in a Fulton Market space where the Canadian travel brand also plans to debut its Postcard lounge concept.
Toronto’s former Downsview Airport runway is preparing to head to its next phase as Northcrest Developments has named Michael Van Valkenburgh Associates to lead the design guidelines for the strip set to become the spine of YZD, one of the largest urban redevelopment projects in North America.
KingSett Capital has acquired a portfolio of micro-bay warehouses, properties with manufacturing, service and retail tenants in Toronto’s Emery neighbourhood, a transit-connected zone in the city’s northwest.
Retail real estate values are shaped by both economic conditions and demographic trends, and it’s not just about having money circulating in the economy.
Good Earth Coffeehouse is brewing a plan to take over retail spaces left vacant by the Seattle-based Starbucks, the chain that said last month it would close roughly 400 stores in the U.S. and Canada.
There was a tangible sense the commercial property industry isn't just ready for better times but witnessing them at this year's Expo Real conference in Munich. It was boosted no doubt by an increase in delegates and almost chaotically busy scenes at the leading brokerage's stands.
When a Barnes & Noble opened to a long line of customers in August in a former Staples office supply store in Texas, it didn't have its traditional dark wood and green aesthetic. Instead, the feel was airier: soft Victorian pink walls, light-wood displays and genre-themed rooms with reading nooks as well as play areas catering to local customer preferences.