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Prime Group makes first Canadian self-storage investment
Prime Group makes first Canadian self-storage investment
Prime Group Holdings, LLC has made its first Canadian self-storage acquisition in the hamlet of Sherwood Park, just east of Edmonton. The business, which is nearly 90 per cent occupied, previously operated under the Pockit Self Storage banner.
200-room hotel coming to Casino de Montréal
Loto-Québec announced plans Monday to build a 200-room hotel next to the Casino de Montréal in Parc Jean-Drapeau. The $150-million structure will be financed by Loto-Québec and is expected to open in two to three years.
Chevron backs North America's largest hydrogen energy hub
Chevron Corporation (CVX-N) is expanding its commitment to renewable energy by taking a controlling interest in the Advanced Clean Energy Storage Project in Delta, Utah. The facility is poised to become the largest green hydrogen energy hub in North America.
Oxford sells 75% interest in GTA ind. parks to TPG for $1B
Oxford Properties Group has sold a 75 per cent stake in two of its most significant Toronto-area industrial parks to San Francisco-based TPG (TPG-Q) for approximately $1 billion.
Lack of available land worsens Ont. housing shortfall: Report
Unless more land is made available for housing in parts of Ontario, the shortfall for grade-related housing could grow to over 200,000 units by 2051, worsening an already-existing problem, according to a report by Malone Given Parsons Ltd.
Yonge & Gerrard proposal increased to 85 storeys
A revised proposal for 372 Yonge St., a collaborative mixed-use effort from Yonge & Gerrard Partners Inc, Turbo-Mac Ltd, and Trimed Investments Inc., designed by DIALOG would soar 85 storeys, up from its original 74 storeys, and include 628 condo units.
 | HighView Partners Compensation in a changing marketIn January, we will release the Real Estate Compensation Guide 2024; the only publicly available, industry specific, compensation guide in Canada. We’re asking for your help in completing our short survey to ensure the guide is as accurate as possible. Sponsored by: HighView Partners |
Can Windsor bring life to its downtown?
Dorian Moore has a vision for Pitt Street. As the distinguished architect and urban designer walks this thoroughfare in downtown Windsor, he imagines crowds of pedestrians; stores and restaurants that spill onto the sidewalk; and a public library.
Coromandel Properties being mismanaged, court hears
A B.C. judge has denied a receivership application from the purported majority shareholders of residential development firm Coromandel Properties Ltd. who claim management is threatening the company’s assets.
 | The Industrial Real Estate Show Social media for CRE: Up your game in 2024Chad GriffithsPartner, NAI Commercial |
Ontario court approves sale of Mastermind Toys chain
The Ontario Superior Court of Justice has approved the sale of the money-losing toy store chain Mastermind Toys to Unity Acquisitions Inc., a company controlled by retail veterans Joe Mimran, Frank Rocchetti and David Lui.
Neighbourly shareholder lowers bid to take it private
Neighbourly Pharmacy's (NBLY-T) controlling shareholder Persistence Capital Partners Monday announced a revised bid of $18.50 per share for all Neighbourly shares it does not currently own. Shareholders of Neighbourly do not need to take any action at this time.
Inflation holds at 3.1% in November
Canada’s annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled. Forecasters were widely expecting to see inflation tick down last month.
Statistics Canada reports record population growth in Q3
Canada’s population grew by more than 430,000 during the third quarter, marking the fastest pace of population growth in any quarter since 1957. Statistics Canada released its Oct. 1 population estimates Tuesday, putting the number at more than 40.5 million.
Burnaby wants to be a leader in pre-fabricated rental housing
Burnaby wants to be part of a coalition of “local government champions” as part of a provincial plan to deliver more housing for “middle-income” families. Off-site pre-fabrication is seen as a method to deliver rental housing.
Student housing may be key to unlocking T.O.'s waterfront
OPINION: George Brown College has just one residence building that accommodates 505 students, around two per cent of its overall enrolment of around 31,000. The college wants the city to help them change that.
Washington-area office default risk surpasses San Fran’s
The Washington area has passed San Francisco for the highest share of office buildings with bank loans at risk of default - at 72 per cent - as U.S. government employees continue to work remotely.
Hedge fund, developers snapping up bus terminals
Greyhound bus terminals across the U.S. are being shuttered, including dozens that were bought and sold by a hedge fund that grew to prominence by buying up local newspapers before selling off their headquarters and cutting staff.
BDT & MSD raises $3.2B for latest credit fund
BDT & MSD Partners, the merchant bank created by the merger of Byron Trott- and Michael Dell-backed firms, raised $3.2 billion for a new real estate credit fund that’s providing capital to U.S. borrowers when many traditional lenders have retreated.
LondonMetric in talks to merge with LXI REIT in $8.1B deal
U.K. real estate company LondonMetric Property Plc is in talks to acquire rival LXI REIT Plc in a transaction that would create a business with a combined $8.1 billion US portfolio, the companies said Monday.
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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