Pro Real Estate Investment Trust, or Pro REIT, closed a portfolio sale as it moves away from owning retail properties to focus on industrial buildings.
Office property owners can generate more revenue and increase tenant satisfaction by reorganizing their parking spaces with innovations such as dynamic pricing and shared parking passes, according to Matthew Lindenberger, chief technology officer at Reimagined Parking company Impark.
Of the hundreds of locations that Starbucks is closing, many are in high-profile and busy urban areas — prime retail real estate — as a post-pandemic drop in downtown foot traffic, competition from upstart rivals and a growing preference for drive-thru service take their toll on the coffee giant.
The office component of the historic Cours Mont Royal complex in downtown Montreal has officially changed hands, the latest chapter for part of what was once said to be the largest hotel in the British Empire.
Toronto is benefiting from the renaissance of the food court, led by vibrant destinations including CF Toronto Eaton Centre’s Queen’s Cross Food Hall, Wellington Market, located in the basement of the Well, and Waterworks Food Hall in a converted heritage building off Adelaide St.
Coffee giant Starbucks is taking more steps to slash its expenses, planning to close some North American stores and lay off 900 workers as it tries for a comeback.
All Amazon Fresh stores in the UK are set to close just five years after the chain, best known for its "Just Walk Out" technology, launched, marking a bricks-and-mortar retreat for the ecommerce giant.
A big box Toronto-area retail outlet has swapped lumber and lawnmowers for LED showerheads and novelty slippers. Panda Mart, the South African-born global retailer of household goods, novelty home décor and furniture, has leased a 113,462-square-foot freestanding retail building and is days away from opening its first Canadian location in a former Rona hardware store.
The proposed US$9.1 billion purchase of Canada's largest independent gas station chain, Parkland Corp., by Dallas-based Sunoco LP has cleared a U.S. regulatory waiting period, while the Canadian government still deliberates in a time of trade tensions between the two countries.
Goodwill Industries is planning a large-scale expansion across southern Ontario, seeking to add dozens of new thrift stores and donation centres over the next few years.
Newmark has published a study on the Champs-Élysées, which sheds light on recent changes in retailing by comparing the Parisian avenue with other iconic shopping thoroughfares, including 5th Avenue in New York and Oxford and Regent streets in London.
Discount retail chain Dollarama is one step closer to getting its planned $450 million warehouse near Calgary built, as Rocky View County officials conditionally approved a development permit for the distribution center to be built in the High Plains Industrial Park just north of Calgary.
Claire’s, a decades-old mecca for female tweens and teens getting their ears pierced and buying inexpensive jewelry, is looking to mount a comeback under new ownership.
Although rental housing in Alberta is still far more affordable than in many other parts of the country, urban areas in the province are seeing that affordability advantage slip due to the combined effects of stagnating wages and rent growth that ranked among the strongest in North America just a year ago.
New retail development across the United States is in the midst of a dramatic slowdown, but fast-growing Phoenix continues to see activity with a multibillion-dollar project about to get off the ground.
CT Real Estate Investment Trust added to its Calgary real estate portfolio by purchasing the NorthPointe Town Centre, which contains more than 200,000 square feet, in a deal with Primaris REIT.
American luxury furniture house RH has inaugurated its French flagship at 23 avenue des Champs-Élysées, Paris. Located a stone's throw from Avenue Montaigne, the world's epicenter of fashion and luxury, the gallery is housed in an exceptional 7-storey building owned by Immobilière Dassault, where design, architecture and gastronomy meet.