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The Bay Adelaide Centre in Toronto will get its third tower. (Image courtesy Brookfield)
As we approach the end of 2018, it’s time to look back on another extremely busy year in Canadian real estate.
That means it’s time for the RENX Top 30 real estate stories of 2018 Newsletter. With overall Canadian real estate investment approaching another record high level, there was certainly a lot of news on which to report, and that made our choices very challenging.
But choose we must. So we’ve compiled a list of stories which, we believe, draws from the largest and most significant real estate events during the past 12 months. The list is designed to encompass all the major sectors in the commercial real estate, from the traditional areas of office, industrial, retail and multi-residential to new economy businesses such as technology and coworking.
Any such list is very objective – imagine, even our editors didn’t always agree on what to include, and what to leave out – but we hope you’ll agree that every story on our year-end list certainly falls into the category of “important news”.
Our Top-10 list of real estate headlines is ranked below. For the complete list visit our RENX Top 30 real estate stories of 2018 Newsletter.
- Choice Properties acquires CREIT in $6B transaction
- PIRET to be acquired by Blackstone in $3.8B deal
- Blackstone JVs with Starlight on Canadian multi-family
- Brookfield to build Bay Adelaide Centre North tower
- Amazon announces Edmonton fulfillment centre, Toronto expansion (the ecommerce leader is now building four major fulfillment centres across the country)
- WeWork continues its rapid growth across Canada (and opinions remain divided among CRE professionals)
- National Bank buys Broccolini site for new Montreal HQ
- CF, IMCO to build 46-storey Toronto office tower
- Calgary downtown office towers drop $1.6B in value
- Caisse de depot invests $250M in Avison Young
On December 27, 2018 RENX will publish its annual look ahead to 2019 newsletter.
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