News
Tridel Selected as Development Manager to Complete The One
December 12, 2024
It was announced late yesterday that Tridel has been selected by receiver Alvarez & Marsal as the new development manager, construction manager, and general contractor for The One. The project ... Read More
Bank of Canada Cuts Rates by Half a Point but Signals ‘More Gradual’ Pace
December 11, 2024
The Bank of Canada delivered a second consecutive interest rate cut of half a percentage point on Wednesday, but signalled the pace of easing may slow as uncertainty builds in ... Read More
Court Challenge Launched Against Ontario Bike Lane Removal Legislation
December 11, 2024
Group of cyclists claim new law infringes on Charter rights to life and security for bike riders in Toronto A cycling advocacy group is leading a court challenge against recently ... Read More
QuadReal Acquires Toronto Queen St. W. Site for $24.25M
September 9, 2024
Property contains low rise commercial/residential building, offers redevelopment potential QuadReal has purchased two low-rise buildings at 1149 and 1153 Queen St. W. in Toronto with the assumed intention of redeveloping ... Read More
Quadreal, Mattamy Homes Kick off $6 Billion Project in Toronto
September 3, 2024
First Phase of Shopping Mall Redevelopment to Include Condo Tower The real estate arm of British Columbia's largest pension fund is joining with a large homebuilder in launching a $6 ... Read More
Dream Impact Sells Property in Toronto’s South Core for $23.7 Million
August 27, 2024
Purchaser Arkfield Sees Redevelopment Potential Near Waterfront Dream Impact Trust has sold a property in Toronto's South Core in a move to improve liquidity for the publicly traded company. TD ... Read More
First Capital Joins Growing Number of REITs Selling Assets To Increase Liquidity
August 1, 2024
Retail Landlord Agrees To Sell $66 Million in Assets Involving Two Properties in Toronto First Capital REIT, a retail real estate investment trust with $9.5 billion in assets, agreed to ... Read More
The Sky Is Not the Limit: New Flight Path MZOs Reduce Potential Height of Development in DT Toronto
January 26, 2024
On Friday, January 26, 2024, the Minister of Municipal Affairs and Housing issued a Ministerial Zoning Order (MZO), O. Reg. 10/24, reducing the heights of the protected air ambulance flight ... Read More
First Capital REIT Selling Four Properties for a Total of $184 Million
April 11, 2023
TORONTO - First Capital REIT says it has signed deals to sell four properties including the Hazelton Hotel in Toronto for a combined total of $184 million. The real estate ... Read More
Hazelton Hotel Part of First Capital’s $184M T.O., Montreal Asset Sales
April 11, 2023
Hennick & Company acquiring Toronto's Hazelton Hotel, ONE Restaurant as part of the divestments. With a recent proxy battle in the rearview mirror, First Capital REIT (FCR-UN-T) has returned to ... Read More