Hazel McCallion, former longtime mayor of Mississauga, Ont., dies at 101
Posted: Jan 31st, 2023In: ConstructionNewsMISSISSAUGA, Ont. – Hazel McCallion, who developed a legacy of feisty advocacy during more than three decades as mayor of one of Canada’s fastest-growing cities, died Sunday morning after a brief bout with pancreatic cancer. She was[...]
Read More about Hazel McCallion, former longtime mayor of Mississauga, Ont., dies at 101Toronto area commercial real estate deals total $7B in Q2, up 43% from year ago
Posted: Aug 23rd, 2022In: ConstructionNewsSource: Avison Young TORONTO – A new report says the total value of commercial real estate sales in the Greater Toronto Area in the second quarter rose 43 per cent compared with a year ago.[...]
Read More about Toronto area commercial real estate deals total $7B in Q2, up 43% from year agoThe cheaper we build our buildings, the more they cost after an earthquake, wildfire or tornado
Posted: Jun 17th, 2022In: ConstructionNewsSeveral people were injured and homes destroyed after tornadoes touched down in Barrie, Ont., in July 2021. (Duckdave/Wikimedia), CC BY-SA Keith Porter, Western University A tornado cut a 270-kilometre path through Kentucky in mid-December 2021,[...]
Read More about The cheaper we build our buildings, the more they cost after an earthquake, wildfire or tornadoCalgary recruits commercial real estate expertise to revive new arena
Posted: May 27th, 2022In: ConstructionNewsCALGARY – The city of Calgary has recruited citizens from the commercial real-estate sector to help get a new event centre and home for the Calgary Flames back on track. When an agreement between the[...]
Read More about Calgary recruits commercial real estate expertise to revive new arenaRioCan REIT sees demand for retail space soar as it reports first quarter profit
Posted: May 11th, 2022In: ConstructionNewsTORONTO – RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation. Jonathan Gitlin, the real estate[...]
Read More about RioCan REIT sees demand for retail space soar as it reports first quarter profitAmazon cloud computing division to open second Canadian hub in Calgary region
Posted: Nov 9th, 2021In: ConstructionNewsCALGARY – Amazon says it plans to open a second cloud-computing server hub in Canada in late 2023 that will result in billions of dollars of investments in the coming years. Amazon Web Services, the[...]
Read More about Amazon cloud computing division to open second Canadian hub in Calgary regionVandyk’s transit-oriented community Grand Central Mimico appoints PCL Construction
Posted: Oct 9th, 2021In: ConstructionNewsRendering: SVN Architects + Planners Vandyk Properties (Vandyk), has announced PCL Construction as the official construction manager of record for the master-planned, community of Grand Central Mimico in Etobicoke. According to Vandyk, Grand Central Mimico marks the first-ever[...]
Read More about Vandyk’s transit-oriented community Grand Central Mimico appoints PCL ConstructionChinese developer misses payment, adding to industry strain
Posted: Oct 7th, 2021In: ConstructionNewsShenzhen Futian Eastern Skyline, Shenzhen’s two iconic skyscrapers, Kingkey 100, and Shun Hing Plaza (Diwang Building) stand among them. (photo: Charlie Fong via Wikimedia Commons) BEIJING (AP) – A midsize Chinese real estate developer failed[...]
Read More about Chinese developer misses payment, adding to industry strainGoogle to spend $2.1 billion on Manhattan campus acquisition
Posted: Sep 23rd, 2021In: ConstructionNewsRendering courtesy COOKFOX Architects via Oxford Properties NEW YORK (AP) – Google is planning to buy New York City’s St. John’s Terminal for $2.1 billion, making it the anchor of its Hudson Square campus. The announcement[...]
Read More about Google to spend $2.1 billion on Manhattan campus acquisitionSmartCentres REIT Releases Second Quarter Results for 2021
Posted: Aug 13th, 2021In: ConstructionNewsRendering source: transitcity.com SmartCentres Real Estate Investment Trust reported its financial and operating results for the quarter ended June 30, 2021. “Our second quarter results reflect the continued strength of our portfolio that experienced collection[...]
Read More about SmartCentres REIT Releases Second Quarter Results for 2021