Kenneth Chan
Urbanized Editor at Daily Hive
Optimistic realist. @DailyHiveVan Editor for Architecture, Real Estate, Transport, Urban Issues, Politics & Business. 🏗🏙🏘🚎🚇⛴✈️ [email protected]
Articles
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2 days ago |
dailyhive.com | Kenneth Chan
After 355 years, beginning as a fur trading company incorporated by King Charles II, the end of Canada’s oldest retailer is fast approaching. Hudson’s Bay Company is expected to shutter all of its department store locations by June 2025, marking the final phase of a nationwide liquidation process that began in late March.
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2 days ago |
dailyhive.com | Kenneth Chan
The process for liquidating the assets of Hudson’s Bay Company (HBC) is progressing quickly, with 17 bids submitted ahead of the deadline. According to a new court filing on Friday by Alvarez & Marsal — the court-appointed monitor overseeing HBC’s Companies’ Creditors Arrangement Act (CCAA) proceedings — 12 parties submitted qualified bids covering a combined total of 29 individual leases. Several of these leases received multiple bids, with overlapping interests in the same locations.
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2 days ago |
dailyhive.com | Kenneth Chan
RioCan Real Estate Investment Trust (REIT) has reported a quarterly loss and revised its annual earnings forecast downward due to the financial strain caused by its significant exposure to the dissolution of the Hudson’s Bay Company (HBC), which recently sought creditor protection.
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2 days ago |
dailyhive.com | Kenneth Chan
A new project using cutting-edge artificial intelligence (AI) technology is underway at one of the critical access points for Sea Island, the location of Vancouver International Airport (YVR), aiming to improve traffic flow and roadway safety for one of the region’s busiest transportation corridors.
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4 days ago |
dailyhive.com | Kenneth Chan
Given the expected lengthy list of public speakers, just one rezoning application is scheduled for review, deliberation, and potential approval during the public hearing with Vancouver City Council on Thursday, May 15, 2025.
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After 10 years, the Safeway mixed-use redevelopment proposal at #SkyTrain's Commercial–Broadway Station is headed to Vancouver City Council for a decision at a public hearing this Thursday. 1,000+ rentals in towers up to 44 storeys. #vanpoli #vanre https://t.co/PEletwQvLz
Hullo Ferries is seeking a new permanent CEO to steer the next phase of expansion, including more routes. Inaugural CEO Alastair Caddick is returning to his Vancouver-based consulting firm. My interview with the interim CEO. #bcpoli #vanpoli #vanre https://t.co/L84w5tLzWO
Prominent Vancouver real estate firm Rennie has laid off about 25% of its head office staff, reducing its head count to 92 employees. Citing not only market and economic conditions, but also urban affordability, geopolitics, and AI. #vancre #vanre https://t.co/AbxoCfBoDg