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Articles tagged with "Commercial"

Stantec expands in U.S. with acquisition of Page
Stantec expands in U.S. with acquisition of Page

Stantec, headquartered in Edmonton, has signed an agreement to acquire Page, a design, architecture, and engineering firm based in Washington, D.C. This acquisition will position Stantec as the largest integrated engineering and architecture firm in North America and expand its U.S. buildings business by 35%. With 1,400 employees from Page joining, Stantec aims to strengthen its expertise in areas like health care and manufacturing. The deal awaits regulatory approval, and terms were not disclosed.

Construction spending plummets on tariff fears
Construction spending plummets on tariff fears

The article discusses a significant drop in construction spending driven by fears over tariffs. Data centers remain a key growth area in an otherwise declining sector, as most private construction sectors reduced their activity in March. This trend reflects broader economic concerns impacting the construction industry.

Churchill Downs pauses $920M expansion on cost uncertainty
Churchill Downs pauses $920M expansion on cost uncertainty

Churchill Downs Racetrack in Kentucky has paused its $920 million expansion project, citing rising construction costs influenced by new tariffs and economic uncertainty. This decision affects several planned projects, such as The Skye, Conservatory, and Infield. The postponement reflects broader challenges in the industry due to fluctuating economic conditions.

New Hyatt hotel, retail and office complex coming to Niagara-on-the-Lake
New Hyatt hotel, retail and office complex coming to Niagara-on-the-Lake

Construction has begun on Clayfield Commons, a new mixed-use development located at the entrance of Old Town Niagara-on-the-Lake. The project will feature The Clayfield Hotel, a part of the Unbound Collection by Hyatt, alongside a Foodland grocery store. Additionally, the development will include 55,000 square feet of retail space and 28,000 square feet of office space.

BC Hydro Launches 22 EV Charging Hubs on Commercial Properties
BC Hydro Launches 22 EV Charging Hubs on Commercial Properties

BC Hydro has launched 22 new public fast-charging hubs for electric vehicles on commercial properties throughout British Columbia, tripling its EV charging network's size over the past year. The expansion brings the total to 591 charging ports, with plans to reach 800 by 2026. This initiative, supported by partnerships with governments and communities, seeks to promote cleaner transportation and reduce emissions. The latest rollout features advanced 350-kilowatt fast chargers, with 400-kilowatt units expected soon.

Rosefellow Acquires Part of Laval Mall for $200M Industrial Project
Rosefellow Acquires Part of Laval Mall for $200M Industrial Project

Rosefellow has purchased a portion of the Méga Centre Notre-Dame mall in Laval, Quebec, for $75 million with plans to redevelop it into a $200 million industrial campus. The project will feature three LEED and Zero Carbon-certified industrial buildings totaling 550,000 square feet. The development aims to target high demand for industrial space due to its strategic location near major amenities and a large labor pool. The demolition for the redevelopment is set to begin after existing leases expire at the end of 2025.

La Ville de Montréal crée un panneau orange personnalisé à cette fameuse microbrasserie dissimulée par des chantiers de construction qui perdurent
La Ville de Montréal crée un panneau orange personnalisé à cette fameuse microbrasserie dissimulée par des chantiers de construction qui perdurent

The city of Montreal has created custom orange signs to help a microbrewery, Le Cheval Blanc, which is obscured by ongoing construction works. These signs are meant to assure patrons that the establishment is open despite its challenging access due to large construction projects blocking the streets nearby. The microbrewery's owner has expressed appreciation for the signs, hoping to maintain accessibility and patronage amid the noisy and disruptive environment. The construction is part of a larger sewer renovation project involving old infrastructure beneath Ontario Street.

Loblaw Expanding Maxi Discount Grocery Chain into New Brunswick
Loblaw Expanding Maxi Discount Grocery Chain into New Brunswick

Loblaw is expanding its Maxi discount grocery chain into New Brunswick by opening a new store in Caraquet this fall. This 15,000-square-foot store at Place Saint-Pierre will be Maxi's first location outside Quebec and will generate around 30 new jobs. The expansion aligns with Loblaw's strategy to increase their small-footprint store presence across Canada. Maxi aims to resonate with the local community's francophone heritage and values.

Le bâtiment durable à l’heure de LEED v5
Le bâtiment durable à l’heure de LEED v5

The new version 5 of the LEED certification system is now available for Canadian projects, promising to further enhance sustainability efforts. This iteration introduces new methods to improve ecological conservation, occupant quality of life, and the decarbonization of buildings. With each iteration of LEED, there is a progressive step forward in environmental responsibility within the built environment.

Vertua low-carbon concrete plays a big role in Houston Methodist expansion
Vertua low-carbon concrete plays a big role in Houston Methodist expansion

The Houston Methodist Hospital is expanding with the Centennial Tower, set to open in 2027, affirming its reputation as a top medical complex in the USA. The project involves using Vertua low-carbon concrete, highlighting sustainability in construction. The hospital was recognized in 2024 as one of the best in the U.S. by U.S. News & World Report. The article emphasizes the significant role of sustainable building materials in modern construction projects.

PSP Acquires The Wharf Project in Washington, D.C. for Reported US$1.8B
PSP Acquires The Wharf Project in Washington, D.C. for Reported US$1.8B

The Public Sector Pension Investment Board (PSP) has acquired full ownership of The Wharf, a mixed-use waterfront development in Washington, D.C., for approximately US$1.8 billion. PSP took over from its development partner Madison Marquette and now controls the 3.5-million-square-foot area along the Potomac River. The acquisition is intended to continue enhancing The Wharf's status as a cultural and commercial hub, with a focus on optimizing its operations and community engagement. Madison Marquette expressed pride in its role in transforming the area over the past 15 years.

Newly Elected PM Carney Faces Several CRE-related Challenges
Newly Elected PM Carney Faces Several CRE-related Challenges

Newly elected Prime Minister Mark Carney, leading a minority Liberal government, faces several commercial real estate challenges. Key issues include dealing with U.S. tariff threats, boosting investment in electric-vehicle and battery manufacturing, and doubling Canada's housing supply. Carney's promises include establishing a federal housing development corporation and avoiding a capital-gains tax increase. Strategic alliances with other parties may be necessary to achieve these goals due to the Liberals' minority status.

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