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Crestpoint expands Alberta portfolio, buys 3 shopping centres
Crestpoint expands Alta. portfolio, buys 3 shopping centres
Toronto-based Crestpoint Real Estate Investments, in partnership with the Trinity Retail Fund, has expanded its Alberta portfolio in the past few months by acquiring three retail properties. The investments also pushed Crestpoint’s AUM past the $10-billion mark.
PROREIT acquires single-tenant Montreal-area industrial bldg.
Montreal-based PROREIT (PRV-UN-T) is nearing its goal of growing its industrial holdings to 90 per cent of its portfolio via a series of acquisitions and sales in 2024. Its latest purchase is a $32.6-million industrial building in Dorval.
Business groups ask federal gov't to prevent rail stoppage
A coalition of business groups is calling on the federal government to prevent a work stoppage at Canada’s two biggest railways. Unless deals are reached, rail service is poised to stop at 12:01 a.m. EDT tomorrow.
$300M pledge for 1,508-bed student housing project at UBC
The province and University of British Columbia will partner to create housing for more than 1,500 students at the institution's Vancouver campus. The 1,508-bed project will include five buildings ranging from eight to 18 storeys.
Development permit for 27-storey Dartmouth tower rejected
A city planner’s decision to deny an application from Can-Euro Investments for a development permit for a 27-storey mixed-use building on Horizon Court in Dartmouth is under appeal. The project has been in the works for over a decade.
Cheam FN backs eco-tourism, buys $18M Fraser River Lodge
Cheam First Nation has purchased Fraser River Lodge in B.C.'s Fraser Valley as a strategic acquisition for economic development. The First Nation announced Tuesday it has finalized the $18.1M acquisition of the 20-acre property in Agassizin.
Edmonton historic building on the market for $4.5 million
The Great West Saddlery Building, located steps away from Jasper Avenue and the ICE District, has been listed for $4.5 million. Its 30,000 square feet of space are currently home to restaurants, office space and artist studios.
Why are so many builds going bust in a housing crisis?
VIDEO - Over the last year, more than 200 real estate developments in Canada became insolvent. Andrew Chang explains why, at a time of high demand for housing, a growing number of projects are falling through.
Carrington breaks ground on Winnipeg rental property
Located at Station Place and Rathgar Avenue in the district of Fort Rouge, a new 16-storey apartment tower is underway amid an expansive mixed-use development, known as 25 Station Place.
New planning rules to boost home building in Ontario
Ontario's housing minister has announced new planning regulations intended to set the stage for a long-term building boom. Changes encourage building more homes near major transit stations and on low-density lands such as shopping plazas and malls.
Housing construction slowdown hitting Vancouver area
COLUMN - The number of new homes starting construction around Vancouver has dropped, new figures show, affirming what many had feared. At a time when governments seek to boost housing supply, a combination of factors have made it harder to build.
Impact Kitchen expands in TO with 2 new locations, eyes NYC
Toronto-based Impact Kitchen is expanding to two more locations and plans to break into the New York City market. The new Toronto locations, at 2555 Yonge St., and 181 Bay St., are to open in September and October, respectively.
Brookfield seeks nearly $15.1 billion to back Grifols takeover
Brookfield Asset Management (BAM-T) is asking banks to line up about C$15.1 billion of debt for its potential take-private deal for Spanish pharmaceutical producer Grifols SA, according to people with knowledge of the matter.
Real estate podcasts
Trevor Casey, Nch’ḵaỷ Development Corp.: Sen̓áḵw: A Landmark Project Empowering Indigenous Communities, CRE Podcast
Martin Kelly, Blueprint: Creating the Blueprint for the Future of Real Estate, The Tenant Network
Denis Jones, Deveraux Group: Challenges and Opportunities in CRE, CRE Podcast
KKR in talks to buy The Parking Spot in $1.4 billion deal
KKR & Co. is in advanced talks to acquire The Parking Spot, an owner and operator of parking properties near airports. The alternative-asset manager’s deal for the Chicago-based company values it at about $1.4 billion.
Hyatt to buy Standard International for up to $335 million
Hyatt Hotels Corp. has agreed to buy Standard International, adding to its portfolio of lifestyle lodging brands in a deal that could be worth up to $335 million. Hyatt will pay a base price of $150 million.
EQT Exeter REIT acquires two industrial assets: $245M
EQT Exeter REIT has purchased two U.S. industrial properties - 3327 E Harrisburg Pike in Middletown, Penn., for over $170 million and 1500 Shoals Way in Portland, Tenn. for $75 million. Both are fully leased.
Private buyers spending more money in L.A. office market
Buyers are dipping back into office investment in Los Angeles, but the buyer profile has changed dramatically. Institutional investors were responsible for nearly half of L.A. office purchases, this year they’ve only made five per cent of the deals.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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