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Latest Alberta & Prairies Industrial Stories
The Moncton, N.B., city council has approved a two-tower riverfront multi-family rental real estate development project, CBC reported. Both towers will stand 17 storeys on land south of Assomption Boulevard along Riverfront Park in Moncton. Council voted 7-3 in favour of the project, according to CBC. Known as Gateway Towers, the $90-million development is slated …
The City of Calgary has completed a utility relocation tied to the in-limbo Green Line rapid-transit project. The two-year effort involved the relocation of underground third-party shallow utilities, including fibre-optic cable, electricity and gas lines, between downtown and Victoria Park. The work was performed by third-party utility companies, including ENMAX, TELUS, Bell, Zayo, Calgary District …
Latest National Industrial Stories
Morguard has acquired a 20% stake in the trophy-class Telus Garden office tower in downtown Vancouver, the company announced. The vendor and purchase price were not disclosed. But TD Greystone and Forgestone Capital were known co-owners. According to a published report citing a TD Greystone representative, the company has retained its 80% interest in the …
Latest Cross Border News Industrial Stories
Commercial real estate industry veteran Jonathan Pearce has joined Hines as a senior managing director and will lead the firm’s Canadian leasing efforts and tenant-management strategies. Pearce will also oversee the U.S.-based company’s Americas region customer centricity efforts. (Customer centricity refers to putting the customer at the forefront of all decisions, services and experiences.) “Jonathan …
Latest Maritimes Industrial Stories
The Moncton, N.B., city council has approved a two-tower riverfront multi-family rental real estate development project, CBC reported. Both towers will stand 17 storeys on land south of Assomption Boulevard along Riverfront Park in Moncton. Council voted 7-3 in favour of the project, according to CBC. Known as Gateway Towers, the $90-million development is slated …
The Renaud-Bray group has acquired the DeSerres art supplies store chain for an undisclosed price. The deal covers 28 DeSerres retail outlets in Quebec, Ontario, Nova Scotia and B.C., along with Cadres Verbec, which specializes in framing supply services, and Lamarche Importation, a stationery product distributor. Renaud-Bray and the acquired firms are based in Greater Montreal. “The time has come …
Latest Ontario Industrial Stories
The Federal Court of Appeal has dismissed a legal challenge intended scrap CN Rail’s $250-million logistics hub project in Milton, Ont. A three-judge panel’s unanimous ruling found that the federal government’s decision to let CN build the terminal despite “significant adverse environmental effects” was reasonable, the Canadian Press reported. A Federal Court of Appeal judge …
The Renaud-Bray group has acquired the DeSerres art supplies store chain for an undisclosed price. The deal covers 28 DeSerres retail outlets in Quebec, Ontario, Nova Scotia and B.C., along with Cadres Verbec, which specializes in framing supply services, and Lamarche Importation, a stationery product distributor. Renaud-Bray and the acquired firms are based in Greater Montreal. “The time has come …
Latest Pacific Canada Industrial Stories
Oxford Properties plans to develop a large life sciences laboratory building in Vancouver’s Mount Pleasant area. The property is located at 11-15 East Fourth Avenue near Ontario Street, a few blocks west of Main Street and within walking distance of the existing Main Street/Science World and Olympic Village stations and the future Emily Carr station. …
Grosvenor has formed a joint-venture with an unidentified Canadian pension fund and Westerkirk Capital to develop the $1.5-billion first phase of the Brentwood Block in Burnaby, B.C. The JV comes after Grosvenor obtained final approval from the city for the project on a 7.9-acre site near the Amazing Brentwood shopping centre and Brentwood SkyTrain station. …
Latest Quebec Industrial Stories
The Federal Court of Appeal has dismissed a legal challenge intended scrap CN Rail’s $250-million logistics hub project in Milton, Ont. A three-judge panel’s unanimous ruling found that the federal government’s decision to let CN build the terminal despite “significant adverse environmental effects” was reasonable, the Canadian Press reported. A Federal Court of Appeal judge …
The City of Montreal will cap property tax increases at 1.8% in 2025. The limit will apply to homeowners and businesses, city officials announced recently. “We want to assure the population because people are stressed,” the head of the city’s executive committee, Luc Rabouin, told reporters during a news conference. “There’s been an increase in the cost of …