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BGO acquires $143M GTA crossdock distribution centre

1 week ago

BGO acquires $143M GTA crossdock distribution centre

BGO has acquired a 640,000-square-foot distribution centre at 11400 Steeles Ave. E., just northwest of Toronto, for $143 million from IG Wealth Management’s IG Mackenzie Real Property Fund.

Large Toronto small-bay industrial property sold to KingSett

KingSett Capital has added a coveted commercial and industrial asset to its portfolio, acquiring a three-building, 170,000-square-foot small-bay property along Toronto's Finch Ave. W. for $37 million.

Promise's robots, AI to scale up Mattamy's home building

A partnership between Mattamy Homes’ Alberta division and Promise Robotics will unite the two in scaling-up the delivery of housing through Promise’s factory-based manufacturing process. Promise will supply panels to construct homes in two master-planned communities in Alberta.

Real estate lending drives growth in Canada's debt market

Canada’s debt and capital markets powered through the turbulence of 2025, posting a 10 per cent year-over-year jump in loan issuance to $1.8T by Q3. The real estate sector led the charge, as businesses sought new money.

Tanguay Furniture distribution centre to close

The Tanguay Furniture distribution centre in Montreal's east end will close at the end of the year, resulting in job losses for 140 workers. The warehouse is expected to be emptied before the end of its lease in April 2026.

Michelin moves two business lines to new Montreal offices

Tire manufacturer Michelin has announced the relocation of two business lines to its new offices in downtown Montreal. The downtown offices will be located on two floors at 1001 Maisonneuve Blvd. W.

Private equity swallows up Canada’s mom-and-pop shops

OPINION: There's a cute term in the private equity world: “dry powder.” It denotes financial capital that is sitting ready to be invested when the opportunity arises. Globally, PE dry powder is estimated at over US$2.5T.

Broadway and Cambie plan pre-zoning is no simple matter

OPINION: New zoning is here, but “simple” is still a four-letter word. The City of Vancouver has approved significant pre-zoning for parts of the Broadway Plan and the Cambie Corridor Plan, but more can and should be done.

Inside Canada’s 'largest co-op redevelopment'

What was once a cluster of 54 aging townhouses in South Vancouver has been transformed into three modern highrises. It's the result of a rare partnership between a non-profit housing co-operative and a private developer.

Graywood acquires, reworks 27-storey proposal in Toronto

Graywood Developments has acquired the site of a previously approved proposal at 34 Montgomery Ave. in Midtown Toronto from First Capital REIT. The newly designed proposal now calls for a 27-storey rental building with 10 affordable units.

Moncton considers revised plans for 30-storey building

A developer proposing what could become Moncton's tallest occupied building wants the city to approve a revised plan for the structure. Icon Developments Inc. received council approval in 2023 for a building of up to 30 storeys on Main Street.

Quesnel land portfolios fetch $6.2M from a private investor

Two portfolios totalling eight properties in Quesnel, B.C., have sold to a single buyer for nearly $6.2M, the largest transaction in the central B.C. city this year. 

Vancouver's Oakridge Park mall eyes new opening date

Oakridge Park mall is eyeing a new opening date, and the folks behind the new development are announcing many retail firsts. Many of the retailers participating in the launch will see their first standalone Vancouver stores open in Oakridge Park.

New Walmart opens in Oakville

After months of renovation and preparation, Walmart has started welcoming customers into its newest Ontario location. The 100,000-sq.-ft. store opened its doors at Third Line and Rebecca Street in Oakville in the South Oakville Centre.

Good Earth sets sights on newly closed Starbucks locations

In case you missed the news, Starbucks recently closed hundreds of stores across North America. However, Canadian coffee chain Good Earth has shared that it plans to acquire a number of these recently closed locations in Canada.

Is Ruby Liu rich enough to buy much of the Hudson’s Bay?

OPINION: A citizen of China who wants to buy up the prime retail spaces of Canada’s Hudson’s Bay Co. says when journalists write that she is the wealthiest woman in Vancouver she “feels it” is true.

Brookfield sells Virginia office complex for $53M

Brookfield has offloaded a pair of 2000s-era office buildings that it owned for nearly two decades at its Halley Rise development site in Reston, Va. The Canadian investment giant sold One and Two Halley Rise.

Investcorp obtains $1B refinancing for industrial portfolios

Investcorp has secured $1 billion in debt to refinance four industrial portfolios, totalling roughly 14.4 million square feet, across the U.S. The company has no maturities before 2027. Morgan Stanley led the financing.

Clarion tees up billions to bet on senior housing demand

After more than 40 years buying real estate, Clarion Partners bought its first senior living property this month. The New York-based investment firm plans to spend up to $1B annually on senior housing acquisitions for the next several years.

Inside the 720-store empire that sports parents built

Over the past decade, Dick’s has been a standout in the world of brick-and-mortar retail – one of the few big-box chains that has thrived despite online competition. Annual sales have nearly doubled to more than $13 billion.

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