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Fiera veterans launch Beausoleil Real Estate Investments

1 year ago

Fiera veterans launch Beausoleil Real Estate Investments

They've been friends for some 30 years and developed working relationships at Standard Life Investments and Fiera Properties for close to 20; now Peter Cuthbert and Blair McCreadie have launched Beausoleil Real Estate Investments Ltd

Denciti buys Kelowna golf course, gets nasty surprise

Denciti Development Corp. bought the 106.4-acre Kelowna Springs Golf Course in October after Kelowna city council adopted a new Official Community Plan (OCP) which designated the land for future industrial and employment uses. Then, everything changed.

Couche-Tard buying 2,193 Euro. service stations for $4.53B

Canadian convenience store operator Alimentation Couche-Tard Inc. (ATD-T) has struck a deal to acquire 2,193 service stations in the heart of Europe from French oil giant TotalEnergies, its first major acquisition more than five years, for about $4.53 billion.

Rising costs, tighter margins challenging land developers

There was a time when land speculation was a game that almost anyone could play. But rising costs and tighter margins are changing the landscape for real estate development in Canada.

Conversion of Strategic's Barron Building back on track

Downtown Calgary's Barron Building is back on the path to redevelopment after it was stalled. And in a year and a half Strategic Group's historic building it is expected to become another office-to-residential conversion in the city.

Calgary offering grants to demolish old office buildings

Calgary's $3-million program aims to accelerate the removal of up to 200,000 square feet of vacant office space. It will offer grants to approved property owners to tear down “inefficient and end-of-life buildings that negatively impact downtown vibrancy.”

The creation of Harbour Equity's Recap Program

An innovative preferred equity and mezzanine capital solutions for refinancing alongside term debt. How Harbour Opportunity Partners is solving for equity shortfalls in today's challenging environment. 

Sponsored by: Harbour Opportunity Partners

Alberta's CrossIron Mills adds new tenants

The 1.2 million-square-foot CrossIron Mills shopping centre just north of Calgary, owned by Ivanhoé Cambridge and managed by JLL Canada, James Moller, has added Harry Rosen Outlet, Bailey Nelson, Lovisa, New Balance, Clarks Shoes and Specsavers recently.

Quebec ski apartment-hotel project unveiled

La Société Immobilière du Massif de Charlevoix unveiled its 118-unit apartment-hotel project Le Camp de Base - Secteur Grande Pointe. Units in the Petite-Riviere-Saint-Francois, Que., project will range from 409 to 678 square feet and start at $300,000.

Brixen launches Exhale Condominiums in Lakeview

Brixen Developments’ 11-storey Exhale Condominiums will bring 284 boutique condo units to Mississauga's waterfront. The Architecture Unfolded-designed mid-rise at 1381 Lakeshore Rd. E. will include a fitness centre, co-working spaces, kid’s play areas, dining rooms and a rooftop terrace.

Some federal works get one-year remote extension

Workers at call centres for the Canada Revenue Agency and the departments of Immigration and Employment and Social Development will continue remote work for another year as most must return at least two days a week by March 31.

Three Sixty Solar completes solar tower trial in B.C.

An iconic image of the traditional solar farm is the sprawl of panels extending beyond sight. Three Sixty Solar Ltd., a Vancouver-headquartered company, is flipping this picture around vertically with its solar tower to save valuable land.

CP Rail's $31B deal to buy KCS clears final hurdle

The U.S. rail regulator’s approval Wednesday clears the final hurdle in CP’s bid to buy Kansas City Southern Railway Co. for US$31 billion, which would create the only single-line rail network linking Canada, the U.S. and Mexico.

Aecon to sell interest in Bermuda concessionaire for $128.5M

Aecon Group Inc. (ARE-T) has entered into an agreement with Connor, Clark & Lunn Infrastructure to sell a 49.9 per cent minority interest in the L.F. Wade International Airport concessionaire, Bermuda Skyport Corporation Limited, for US$128.5 million.

Blackstone’s BREIT records biggest advance in 6 months

Blackstone Real Estate Income Trust Inc., the Blackstone Inc. fund for affluent individual investors, reported its biggest monthly total return in six months as February’s dividend payments and rising rents offset a decline in property valuations.

University of California has $2B real estate plan

Fresh off a $4.5-billion deal with Blackstone, the University of California’s investment office is looking to deploy $2 billion to buy or finance buildings near its 10 campuses, including dorms, faculty housing, classrooms and lab space. 

Hundreds of hosts booted from Airbnb after T.O. city audit

Hundreds of people who rent rooms or homes on Airbnb in Toronto have been delisted from the platform after a city audit, with some saying minor clerical errors have cost them thousands of dollars in bookings.

Toronto-area real estate begins to bounce back

The real estate market in Ontario largely pauses while schools send their students off for March break, but the end of the holiday is likely to bring a crop of new listings in cities around the province.

Canadians across all generations still bullish on real estate

Dropping home prices and economic uncertainty hasn’t turned Canadians off the housing market, with people across all age groups bullish on real estate, according to a generational trends report from Mustel Group and Sotheby’s International Realty Canada. 

Concern surrounds Windsor’s rental licencing pilot project

More than 900  have signed a petition calling on Windsor’s new residential rental licencing by-law to be revoked. By May 31, owners of rental properties that contain four or fewer units must apply for a rental licence for each unit.

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