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Blackstone To Buy Toronto Warehouse Portfolio For Over $400M
New-York-based Blackstone Real Estate has entered into an agreement to purchase six industrial properties in the Toronto area for more than $400M.The properties' locations have not yet been publicly...
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BC Office and Industrial Vacancies Remain Tightest in Canada, With Few Solutions
Vacancy rates for office and industrial real estate in both Vancouver and Victoria are lower than in any other market in Canada, according to a year-end report published by Colliers on Thursday....
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3-Storey, 14-Acre Calgary Herald Industrial Building Sold, Ahead of Postmedia...
On Wednesday, it was revealed that Postmedia would be laying off 11% of its editorial staff that work for its newspapers across the country. That may have been a shock to many, but likely not to those...
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TransLink Plans to Build New E-Bus Facility Along the Fraser River
Vancouver's Marpole neighbourhood could soon be home to a new TransLink e-bus service depot, thanks to a new development application filed by the city's transit agency.Operated by the Coast Mountain...
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Red Bull, Hungerford, Denciti Move On Industrial Land Outside Metro Vancouver
The industrial real estate market in Metro Vancouver is notoriously tight, with vacancy rates as close to zero as you can get -- 0.2% according to a Q4 2022 Colliers report -- and that has forced many...
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19-Storey Office, Industrial Complex Approved Next To Marine Gateway
On Thursday, Vancouver City Council approved a project by Mercury Properties -- a division of Hungerford Properties -- that would see a mixed-use complex with office and light industrial space built...
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Three Sixty, First Project In New Mount Pleasant Industrial Zone, Launches
Last month, Vancouver-based developer Strand launched leasing at its latest commercial project, Three Sixty, a mixed-use development set to rise nine storeys in Vancouver's Mount Pleasant...
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BC Industrial Real Estate Investment Over 3X Higher Than Office In 2022
The industrial real estate market in Metro Vancouver is defined by a shortage of available space and land, and the amount of dollars being poured into industrial real estate shows that the demand is...
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BC Sees Lowest Industrial Real Estate Absorption in Nearly a Decade
In the past half-decade or so, the industrial real estate market in BC has been increasingly defined by the high demand and low supply of such space, which makes what occurred in Q1 that much more...
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Six Years After False Creek Flats Plan Approval, Housing Questions Linger
On May 17, 2017, the City of Vancouver approved the False Creek Flats Plan, setting the stage for the historic 450-acre district to evolve once more and become -- the City hoped -- an invaluable...
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Commercial Real Estate To See "Upswing In Demand" As Industrial, Retail Grow
Despite ongoing struggles in the office market, Canada's commercial real estate sector is poised to see an "upswing in demand" as strong industrial and retail markets drive growth.RE/MAX Canada's 2023...
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Frontline CEO Amyn Bhayani On The Firm's Future, Fraser Valley Industrial...
This week, Langley-based Frontline Real Estate Services is finally publicly announcing the new leader at its helm: former Vice President of Corporate Development at Colliers Amyn Bhayani. Bhayani's...
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Canada's Industrial Availability Rises, But Market Remains Remarkably Tight
Availability in Canada's industrial real estate market rose above 2% for the first time in two years, but market conditions remain remarkably tight.According to CBRE's Q2 2023 Canadian Industrial...
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Vancouver Industrial Availability Nearing Highs Not Seen Since 2020
Is the industrial real estate market in Vancouver losing its momentum?According to a national industrial report published by CBRE last week, the availability rate of industrial space in Vancouver rose...
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Proposed Plans For Markham’s Buttonville Airport Take An Industrial Turn
If you look up at the sky on any given day in Markham, Ontario, you’re likely to see a plane or two cruising in or out of the Buttonville Municipal Airport airspace -- but not for much longer.The...
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Amazon Opens First Canadian AMXL Fulfilment Centre In Calgary
Amazon's first AMXL fulfilment centre in Canada has completed construction and is now up and running, a spokesperson from Amazon Canada tells STOREYS. The fulfilment centre, known as YYC6 Project...
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‘Demand Has Not Waned’: Canada’s Industrial Sector Outperforming All Other...
Between sliding home prices and rising office vacancy, it’s clear that Canadian real estate is hurting. Even so, the country’s industrial sector seems to be bucking the downcast trend.According to a...
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GTA Industrial Availability Rises To Highest Rate In Over Five Years
Demand for industrial space dipped further across the Greater Toronto Area in the third quarter of 2023 but, following the frenzy kicked off by the pandemic, conditions still favour landlords. As...
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How Minimum Parking Requirements Affect Industrial Development
Minimum parking requirements are increasingly being reconsidered across North America, and whenever discussions arise, it's almost always as it relates to residential development. However, for reasons...
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‘Constrained Supply’ To Give Multifamily, Industrial Real Estate A Boost In 2024
Report after report lately tells us that Canadian real estate is in for a quiet 2024. Even so, industry stakeholders say that the multifamily and industrial sectors will see “positive momentum” in the...
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TPG Acquires Majority Of Oxford's GTA Industrial Portfolio For $1.3B
One of the largest private industrial real estate transactions Canada has ever seen was just finalized in the Greater Toronto Area.TPG and Oxford Properties have struck a new partnership that will see...
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The Biggest Commercial Real Estate Deals in Metro Vancouver in 2023
As the year closes, it’s time to look back on the biggest commercial real estate deals in Metro Vancouver. There were a couple of sizeable sales in an otherwise ultra slow commercial property market,...
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How Canada's Commercial Real Estate Markets Will Play Out In 2024
Like most realms of real estate, the commercial real estate world is going with the ebbs and flows of interest rates, which hit a high of 5.00% in 2023 – a rate not seen in over two decades. As we...
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Industrial Development Sites In Mississauga Mired In Receivership Amid $363M...
While it’s not unusual these days to see a development project over-budget — you could argue that soaring material and labour costs all but ensures it — it’s hard not to raise an eyebrow at one that’s...
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Burnaby Employment Land Study Concludes Need For 22M Sq. Ft Of Commercial Space
As the City of Burnaby continues its work on Burnaby 2050, a new official community plan (OCP) that will guide the city's growth across the next 25 years, a big component of the project is economic...
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"Let's Just Get The Deal Done": Inside The CRE Rush To Beat The Capital Gains...
In April, when the Government of Canada first announced that it would be increasing the capital gains tax inclusion rate, concerns and criticism were widespread. The Government of Canada saw June 25...
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Metro Vancouver's Top Office And Industrial Transactions In Q2 2024
According to commercial real estate brokerage JLL, office market activity in Metro Vancouver in Q2 2024 was "relatively muted," with "limited leasing activity" and "lack of deal velocity."The second...
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Higher Design And Better Amenities: The New Industrial Real Estate Complex
Metro Vancouver has had one of the strongest industrial markets in the country for numerous years now. Not dissimilar from what we've seen in residential development, strong demand for industrial...
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Commercial Mélange Proposed For Etobicoke Combines Industrial Units And...
A dynamic new commercial development potentially headed for Etobicoke could provide 28 industrial and office condo units and a five-storey self-storage warehouse. If approved, the development would...
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Modern Industrial Condominium Development Coming to Mississauga
Gate 33 Business Centre — a brand-new industrial condo development from Black Dog Development, in partnership with FAX Real Estate — is headed for north Mississauga, just south of Pearson Airport.The...
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