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Crestpoint acquires 24-property portfolio of retail, office

Don Wilcox Commercial Transactions Ontario 20 hours ago

UPDATED WITH NEW DETAILS: A Crestpoint Real Estate Investments fund has acquired a portfolio of two office buildings and 22 retail properties comprising approximately 1.35 million square feet of leasable space.

Empire closes Crombie-owned Calgary distribution centre

RENX Staff Commercial Empire Calgary 1 day ago

Crombie REIT (CRR-UN-T) announced it expects “no material financial impact” as a result of Empire Co. Ltd.'s decision to immediately close its e-commerce customer fulfillment centre in Calgary and a satellite facility in Edmonton.

Efforts ongoing to backfill vacant HBC stores: JLL report

Steve McLean Commercial Retail National 23 hours ago

Sixty-five per cent of the 96 department store spaces left vacant by last year’s demise of Hudson’s Bay Company (HBC) will be committed to new tenants within two years, a new JLL report forecasts.

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Rob Blackwell has been promoted to president of Aspen Properties, a company where he has spent the past two decades. We also report on executive and board moves at Kipling, Ravelin, CentreCourt, Centurion and more...

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