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Loblaw says it will open 40 new stores, invest $2B in Canada in '24

Don Wilcox Commercial Retail National 17 hours ago

Two days before releasing its year-end financial report, Loblaw Companies Inc. (L-T) has stated it will invest $2 billion in Canada during 2024 and open 40 new stores. It's an almost identical commitment to one made in early 2023.

Vancouver's Oakridge Park sparks mega-project planning boom

Evan Duggan Commercial Land Metro Vancouver 17 hours ago

A slowdown in land-buyer appetite in Metro Vancouver hasn’t stopped owners and real estate brokers from moving forward with efforts to amass assemblies of single-family homes, then market the properties for high-rise redevelopment. 

Dream Office cuts distributions by 50%

Don Wilcox Commercial Office National 4 days ago

Dream Office REIT (D-UN-T) has followed several of its peers in the sector by announcing a 50 per cent distribution cut, to take effect when it enacts a one-for-two share consolidation later this month.

Editor's Pick

First Capital sells properties in Toronto, Vancouver areas for $116M

UPDATED: First Capital REIT (FCR-UN-T) says it has agreements to divest an additional $116 million of properties, including interests in two Greater Toronto Area development sites, an office building, as well as a Greater Vancouver apartment property.

Don Wilcox Commercial Transactions Toronto / GTA Feb. 7 2024

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