Retail
Canadian Property Management
Vancouver boasts all round lowest vacancy rates
Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.
Canadian Property Management
RioCan REIT marks 30 years as public company
RioCan founder and chairman, Edward Sonshine, and other members of the senior leadership team ushered in the TSX trading day, January 19th, in celebration of the REIT's 30th anniversary.
Canadian Property Management
Year-end retail rents show little slippage
Retail rents rose or remained steady across most formats during the second half of 2023 with slippage confined to a few street-based, downtown shopping districts in large Canadian cities.
REMI Network
Morguard to divest hotel portfolio
Morguard announced plans to sell a portfolio of 14 hotels located across Ontario and Nova Scotia.
Canadian Property Management
Primaris REIT to acquire Halifax retail properties
The $370-million deal will add the Halifax Shopping Centre and its associated open-air Annex to Primaris REIT's portfolio.
Canadian Property Management
Regional mall fundamentals receive high marks
New analysis projects "significant opportunity for growth" drawing on the surging Canadian population, urban densification trends and minimal new competition for incumbent regional malls.
Canadian Property Management
Retail rents posting gains in open-air venues
Calgary, Montreal and Halifax particularly enjoyed an upturn in retail rents during the first half of 2023, but declining rates were next to non-existent across Canada's major urban markets.
REMI Network
Multi-tower project bound for Pickering
Plans for Pickering City Centre entail 6,000 new residences across more than 10 mixed-use towers and revitalizing a 1970s-era shopping mall.
Canadian Property Management
Conestoga Mall to pad Primaris REIT portfolio
Primaris Real Estate Investment Trust has inked a $270-million deal for Conestoga Mall, a 585,000-square-foot enclosed shopping centre in Waterloo, Ontario.
Canadian Facility Management & Design
Liquor store sell-off nears end in Saskatchewan
Significantly more revenue has been raised through the auction of the retail permits associated with the stores than from the sale of the properties themselves.
REMI Network
Study explores how worker turnover propels talent drain
The manner in which top performers leave their jobs can cause various levels of disruption within a workplace, including a potential snowball effect that involves the turnover of multiple quality employees.
Canadian Property Management
Department store drain continues
Nordstrom Canada’s sudden swoosh into the department store drain will leave empty anchor space in some of the country’s top-performing and most prestigious regional malls.
REMI Network
Condos kick-start Cloverdale Mall redevelopment
A condo development will kick-start QuadReal’s Cloverdale Mall reboot. Mattamy Homes plans to build on a standalone 2.3-acre site at 2 and 10 The East Mall Crescent.
REMI Network
H Mart will anchor M2M community in North York
Aoyuan International’s upcoming M2M mixed-use community of nearly nine acres in North York will welcome Asian supermarket H-Mart as its anchor tenant.
REMI Network
Staples Studio’s first co-working location opens in Alberta
Staples Canada opened its newest working and learning store in Calgary's University District neighbourhood, marking Staples Studio's first co-working location in Alberta.
Canadian Property Management
Food-anchored retail tops CRE investment menu
Food-anchored retail plazas remain a staple on the commercial real estate menu, again emerging as the preferred asset type in Altus Group’s survey of Canadian investment trends in Q2.
CondoBusiness
Private homes preferred for cannabis use
More than 90 per cent of survey respondents confirm that they typically use non-medical cannabis in their own homes, while 46 per cent use it in other people’s homes.
