Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Hazelview’s 10-year journey at Story of Willett West nears end

1 day ago

Hazelview’s 10-year journey at Story of Willett West nears end

Hazelview Properties has begun pre-leasing and model suite tours for Story of Willett West, a 530-unit rental community in Halifax’s Clayton Park neighbourhood that will be one of the city’s largest apartment complexes when complete. 

G2S2 extends new lifeline to Ravelin REIT

G2S2 Capital, a major investor in Ravelin Properties REIT (RPR-UN-T), has provided it a further lifeline by extending forbearance on loans of almost $600 million. G2S2 also assumed US$84 million in debt on a Chicago office building.

Major cities vie for multinational defence bank HQ

Toronto is one of a handful of Canadian cities, including Ottawa, Montreal and Vancouver, pitching itself as the ideal place to headquarter the Defence, Security and Resilience Bank being established by NATO members and their Indo-Pacific allies.

Jim Pattison Group buys Cherry Lane Shopping Centre in B.C.

Penticton’s Cherry Lane Shopping Centre has changed hands, with the Jim Pattison Group completing the acquisition of the longstanding retail property from Manulife. The development arm of the Jim Pattison Group confirmed the purchase closed Dec. 3.

VAST Industrial Corp. announces acquisition of The Whalen Company

VAST Industrial Corp. and the shareholders of The Whalen Company are pleased to announce the acquisition of The Whalen Company by VAST. Whalen shareholders will retain ownership in Cold Point Corporation.

Sponsored by: VAST Industrial Corp.

StorageVault to acquire six assets for $71.8 million

StorageVault (SVI-T) has agreed to acquire six assets from five vendors for an aggregate purchase price of $71.8 million. The assets are located in British Columbia, Alberta, Ontario and Quebec and are complementary to StorageVault’s existing portfolio. 

PROREIT acquires industrial property in Winnipeg for $5.4M

PROREIT (PRV-UN-T) announced the acquisition of a 100 per cent interest in an industrial property in Winnipeg, totalling 24,665 square feet of gross leasable area for a total purchase price of $5.4 million.

Deecorp poised to meet strong hotel room demand in B.C.

Deecorp Properties, a Vancouver-based CRE company, has three hotel projects it is hoping to build in the city – comprising over 1,000 rooms – to be located at the corners of Granville and Davie, Granville and Pender, and 8th and Yukon.

Hilton Quebec charts a new path with Indigenous ownership

Hilton Quebec has long offered panoramic views of Old Quebec, the majestic St. Lawrence River and the Laurentian Mountains beyond. But now the hotel is also notable for something you can’t see – its Indigenous ownership.

Is your Toronto commercial lease ready for World Cup 2026?

As bars, restaurants, hotels, retailers and event spaces begin planning World Cup viewing parties and special programming, one question cannot be ignored: Is your commercial lease ready for the World Cup?

McMaster eyeing data centre for former Spectator building

McMaster University will consider a pitch to transform the former home of The Hamilton Spectator into an “innovation hub” that includes an artificial intelligence data centre. The university is starting “exploratory work” on a new opportunity for 44 Frid St.

A tale of two markets emerges in B.C. real estate for 2026

The sands of B.C. real estate are expected to keep shifting in 2026, with residential woes contrasting with commercial optimism against a backdrop of capital flight and ballooning costs.

Luxuria builds homes for 2 audiences in Calgary

Luxuria Homes is building two housing projects within Calgary’s University District designed to meet the distinct demands of very different demographics which live in, and are drawn to, the large mixed-use community.

Condo industry expects worst year on record

New condo sales will be slumping into 2026, with November seeing only 165 new-build condos selling across the Greater Toronto Area — including just 18 in the old city of Toronto, which includes the downtown core.

Real estate podcasts

Adrian Rocca, Fitzrovia: Building against the cycle, CRE Podcast
Multiplex: The battle for the missing middle, Vancouver Life RE Podcast
Our 2025 predictions put to the test, Ottawa RE Podcast

Galvanize ramps up $1.85B plan for commercial real estate

The asset management firm co-founded by billionaire Tom Steyer has acquired a portfolio of seven industrial properties in the Chicago area. The deal is part of its plan to allocate US$1.85B to buildings it can decarbonize and resell.

BXP to develop new office building in D.C. for law firm Giant

BXP has closed on a deal to build a new office project in Washington, D.C. The Boston-based REIT has been in talks with law firm Sidley Austin to anchor an office building it plans to develop at 2100 M St. N.W.

Office development is returning to the top tier

Office remains one of the least-favoured asset classes for many investors. But a handful of projects are proving there’s a robust market for deluxe office space, and a few are even breaking ground on class-A space without a tenant.  

A tour of London's £500M office buildings frozen by sanctions

London's 10 Fenchurch St. is a nondescript office building you walk past without looking twice but the 78,000-sq.-ft. building is the latest asset frozen by the U.K. government after its owner was hit by sanctions.

Industry Events