Browsing Tag

retail

Ont. judge orders HBC to pay outstanding rent to landlord Oxford Properties

Tara Deschamps – THE CANADIAN PRESS Jun 25, 2021

TORONTO – Hudson's Bay Co. is being ordered to pay up after it withheld rent from a prominent mall landlord.Ontario Superior Court Judge Cory Gilmore told the Toronto-based department store chain this week to pay rent it is owing Oxford…

Real Estate

With sales down 95 per cent, Montreal souvenir shop owners hope tourists return

Morgan Lowrie – THE CANADIAN PRESS May 25, 2021

MONTREAL – The shelves of Mohamed Ghodhbane's souvenir shop in Old Montreal are full of the kinds of merchandise found in tourist-friendly places the world over: T-shirts, shot glasses, key chains, snow globes and novelty licence…

Real Estate

‘Stronger’ commercial leasing environment emerged amid COVID: RioCan REIT CEO

Tara Deschamps – THE CANADIAN PRESS May 4, 2021

TORONTO – RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.The Toronto-based trust…

Real Estate

‘Super competitive’: Warehouse demand soars amid shift to online shopping

Tara Deschamps – THE CANADIAN PRESS Apr 29, 2021

TORONTO – A boom in online shopping during the COVID-19 pandemic is making it tough to find warehouse space in many provinces, industry insiders say.Industrial space is being gobbled up at a dizzying rate as companies expand their…

Real Estate

Caesars puts pandemic losses at $2B, wants insurers to pay

Ken Ritter – THE ASSOCIATED PRESS Mar 29, 2021

LAS VEGAS – Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business…

Real Estate

Canadian multi-suite residential and industrial real estate to outperform in 2021: Morguard

Building Jan 26, 2021

Morguard Corporation released its 2021 Canadian Economic Outlook and Market Fundamentals Report, which reveals 2020 investor confidence in the multi-suite residential and industrial property sectors. Meanwhile, sales of retail and office…

Real Estate

The ULI Awards for Excellence are now open for submissions

Building Dec 21, 2020

The ULI Awards of Excellence recognize superior development efforts in the private, public, and non-profit sectors. Winning projects represent the highest standards of achievement in the development industry, and today the real estate and…

Real Estate

From restaurants to retailers, virus transformed economies

Paul Wiseman And Alexandra Olson – THE ASSOCIATED PRESS Dec 16, 2020

NEW YORK – It would be just a temporary precaution.When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon – as soon as New…

Real Estate

RioCan cuts payouts as COVID 19 challenges outlook for retail real estate

The Canadian Press Dec 4, 2020

TORONTO – RioCan Real Estate Investment Trust says it is cutting its payouts to unitholders by a third as the COVID-19 pandemic creates an uncertain future for shopping centres.RioCan, which counts Dollarama, Canadian Tire and Costco…

Real Estate

Ivanhoe Cambridge cuts 50 positions, mainly outside Quebec, in shopping centres

The Canadian Press Nov 25, 2020

MONTREAL – The real estate arm of Quebec's pension fund manager has laid off about 50 people, mostly outside of Quebec, as it continues efforts to turn around the performance of its shopping centres.Ivanhoe Cambridge's latest…

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