commercial leasing

TORONTO — Nordstrom's departure from Canada's retail landscape will leave significant holes in shopping malls, and some analysts say landlords will need to get creative to fill the space.If malls want to find similar tenants to…

TORONTO – The outlook for commercial real estate looks ``bumpy'' in the near term, but CBRE's 2023 forecast predicts a soft landing could still be in the cards.The Canada Real Estate Market Outlook report, released Tuesday, predicts…

TORONTO – Manulife Financial Corp. is eliminating about 50 jobs as it makes changes to its real estate operations.The company says it is changing its real estate operating model in Canada and its regional coverage strategy in North…

TORONTO — RioCan Real Estate Investment Trust reported net income in the third quarter of $3.2 million, down from $137.6 million the year before, attributing the drop to a net fair value loss on investment properties.The…

TORONTO — In the first months of the COVID-19 pandemic, Shopify Inc.'s Tobi Lutke was among the first tech leaders to declare most of his staff would ``permanently work remotely'' because ``office centricity is over.''His belief in…

TORONTO — RioCan Real Estate Investment Trust executives say the business can weather economic headwinds even after reporting its second-quarter net income was almost halved since last year.While a near 40-year high inflation level is…

TORONTO – Commercial real estate firm CBRE says for the second quarter in a row, the country's suburban office vacancy level was lower than the rate seen for downtown regions.The firm says the national suburban office vacancy rate…

TORONTO – 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 company's chief…

TORONTO – RioCan Real Estate Investment Trust is ``pruning'' its tenant mix to ensure malls and other retail spaces it owns are filled with resilient businesses that are best positioned to weather any further COVID-19 upheaval.Chief…

TORONTO – RioCan Real Estate Investment Trust says its net income reached $145.3 million in its latest quarter as all of its tenants were able to reopen from COVID-19 lockdowns.The Toronto-based trust says its second-quarter net income…