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Shelborne acquires $95M eight-building industrial portfolio
Shelborne acquires $95M eight-building industrial portfolio
Shelborne Capital has acquired eight single-tenant industrial buildings for $95 million from Olympia Tile as part of a nationwide sale-leaseback transaction.
More housing, less office space needed in Atlantic Canada
After record commercial real estate investment volumes in Atlantic Canada for the past two years, activity in the region slowed in 2023 largely due to higher interest rates, according to CBRE.
Extension requested on potential Wpg. mall acquisition
The real estate wing of the company that owns the Winnipeg Jets is asking for six more months to decide whether to proceed with a $550-million proposal to purchase and redevelop downtown Winnipeg's Portage Place mall.
Veteran retailer acquiring Mastermind Toys
A company controlled by Canadian retail veteran Joe Mimran is buying the faltering store chain Mastermind Toys, taking on the majority of its store locations after the company said it might have to entirely wind down the business.
Lenders drawing a bead on ind., purpose-built rentals
If lenders could draft a fantasy real estate portfolio, industrial properties and purpose-built rentals would be among their top picks. Older class-B office properties, though, aren’t getting snapped up nearly as high in a fantasy draft.
Edmonton outlines future development
With Edmonton's overhauled zoning rules taking effect in January, new district plans outline where residents can expect more density in the years ahead, and highlight areas where new development is a priority.
Turbulence continues for Edmonton's Blatchford development
Ten years after the final plane took off from the runway of Edmonton's municipal airport, the Blatchford neighbourhood taking shape on the site remains a stunted version of an original blueprint.
Schneider Electric opens Montreal lab for greener buildings
French automation and energy management company Schneider Electric has opened a 4,500-square-foot laboratory in Montreal, with plans to tap into local talent to help decarbonize buildings and industries through digitization.
$165M medical glove facility coming to London, Ont.
Montreal-based Medicom Group Inc. announced Friday it will open a 140,000-square-foot factory southeast of London, Ont., to increase domestic production of nitrile gloves. The $165 million facility will employ 135, Medicom said in a statement.
Changes coming to Charlottetown's Royalty Crossing
Winners is expanding by 8,000 square feet at the Royalty Crossing shopping centre in Charlottetown, says mall owner APM Group. A new strip mall with five retail locations is also in the works nearby, the firm reported.
Theberge optimistic about proposed Ottawa towers
As Ottawa councillors continue to deliberate over high-rise development near the Central Experimental Farm, Joey Theberge, owner of Theberge Homes, says he remains cautiously optimistic about the future of his three residential towers proposal.
Ontario municipalities can't reach new home mandates
At least 20 Ontario municipalities are so far away from reaching their provincially mandated targets for new home construction starts they have virtually no chance of hitting the mark, and will face stiff financial consequences in 2024.
An 'exceptional' time for modular homebuilding: Pacd Homes
Through its line of modular homes, Pacd Homes believes it has found a way to reduce costs by rapidly building the components for smaller-sized housing in factories. Guelph-based Pacd was founded in 2017 by Blue Valley Building Corporation.
N.S. rents rising faster than any time since the 1970s
The cost of Nova Scotia rental housing is rising faster than at any time since available data collection began in 1979. The province's rent inflation rate of 14.1 per cent is the highest in Canada and the third-highest on record.
Developer must hire engineer after B.C. wall collapse
The City of Coquitlam has ordered developer Amacon Construction Ltd. - which was behind a condo construction project on Foster Avenue that suffered a wall collapse Wednesday - to hire a third-party geotechnical engineer as it works to remediate the site.
Panattoni JV breaks ground on 783K-sq.-ft. Seattle building
A joint venture of Edmonton-based Panattoni Development Co. and Crow Holdings Capital has broken ground on a 782,875-square-foot industrial facility in Frederickson, Wash., a Seattle suburb. Completion is expected in the second quarter of 2024.
Fengate acquires U.S. wireless communications towers
Fengate Asset Management announced financial close on the acquisition of a portfolio of wireless communications towers in the U.S. from TowerCom. The towers, located in 11 states, expand Fengate’s communications tower portfolio to more than 200 towers in 15 states.
Yieldstreet to acquire Cadre, expand investment platform
Alternative investment platform Yieldstreet plans to acquire online real estate investment platform Cadre in a move expected to improve the positioning and market presence of both companies. Collectively, the two platforms are valued at more than $9.7 billion.
Evergrande's liquidation hearing pushed to January
China Evergrande Group on Monday said it has been granted an adjournment of a court hearing into a liquidation petition to Jan. 29, giving the embattled property developer time to finalize a revamped offshore debt-restructuring plan.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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