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Office tower housing Toronto's Google HQ listed for sale

4 days ago

Office tower housing Toronto's Google HQ listed for sale

The Canadian headquarters of Google in Toronto has been put on the market. The tech giant has been the sole office tenant at the 18-storey building at 65 King St. E. for the past five years.

CRE strategies for moving projects forward in tricky climate

The Land & Development conference at the Metro Toronto Convention Centre closed with a discussion about the most significant challenges, trends, risks and opportunities for investors, owners and developers across Canada.

Blackstone in talks to buy property firm H&R REIT

Blackstone Inc. is in discussions with H&R Real Estate Investment Trust about a potential acquisition. The talks come after takeover negotiations last year involving H&R, Blackstone, TPG and Crestpoint Real Estate Investments fell apart.

Retail space a casualty of the Toronto condo bust

OPINION: Swathes of retail space in Canada’s largest city are sitting empty after tenants were evicted or left, only for development projects to be put on hold amid a chill in the condominium market.

Court-ordered sales in Lower Mainland's housing market

A growing number of Lower Mainland development sites are being sold through court-ordered proceedings as high interest rates, weak condo sales and tight financing strain smaller developers. The trend creates opportunities for better-capitalized buyers.

OPINION: B.C.’s PST expansion is a tax on a tax

Starting Oct. 1, every new home and every major project in B.C. will quietly become more expensive to build and operate. Not because materials cost more or wages went up, but because the same dollar will be taxed twice.

The Spoke welcomes residents to the Junction Triangle

Construction at The Spoke is all but complete and its first residents began moving in this May. Located in Toronto’s Junction Triangle, the purpose-built rental community by Tricon Living brings 398 rental homes.

Builders service land for new Calgary homes

Sky Ranch, a new master-planned residential community in Rocky View County just outside of Calgary, is expected to be fully built out within five years as demand for housing in the Calgary region continues to grow, says developer JL Developments.

Dollarama growth continues with 28 store openings

Canada’s largest discount retailer saw sales increase by 21.4-per-cent compared to the first quarter last year. The retailer opened 28 new locations in Canada during the quarter, reaching a total of 1,719 stores as of May 3.

Roots reports $10.1M quarterly loss

Roots Corp. reported a loss of $10.1-million in its first quarter as it continued its review of strategic alternatives, including the possible sale of the company. The loss amounted to 26 cents per share for the quarter.

Mondetta expands Modern Ambition with 3 new stores

Winnipeg-based apparel company Mondetta is bringing its premium menswear brand Modern Ambition to Toronto, Calgary and Vancouver this year, marking the next phase of an expansion strategy that began with the opening of the concept’s first flagship store in Winnipeg.

Equiton opens Dallas headquarters ahead of U.S. expansion

Burlington, Ont.-based Equiton, a private real estate investment and asset management firm, has announced the grand opening of its new office in Dallas, Tex., advancing the company's expansion into high-growth North American markets.

U.S. delays opening of Gordie Howe bridge

The opening of the Gordie Howe International Bridge between Windsor, Ont., and Detroit was postponed indefinitely at the behest of the Trump administration, just a day before the long-delayed span’s planned Friday ribbon cutting.

Sleep Number files bankruptcy, merging with Sleep Country

Sleep Number Corporation announced that it has entered into an agreement to combine with Sleep Country Canada. The transaction will enable the company to provide a broader assortment of products, services and stores across Canada and the U.S.

U.S. office-to-res. projects nearly quadruple since 2022

Office-to-residential conversions make up 47 per cent of all future adaptive reuse projects planned in the U.S. and 12 of the top-20 metropolitan areas account for the majority of projects planned.

India developer Prestige plans $6.3B of launches

Prestige Estates Projects Ltd., which counts BlackRock Inc. and Vanguard Group Inc. among its investors, is targeting about US$6.3 billion in estimated sales value this year as the developer is launching projects across India, its billionaire founder said.

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