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Peakhill Opportunity REIT acquires its first two properties

3 days ago

Peakhill Opportunity REIT acquires its first two properties

Peakhill Capital’s Peakhill Opportunity REIT (P-REIT), which launched in January to acquire and manage income-generating apartment assets across the Greater Toronto Area and surrounding regions, has closed on its first property purchases.

GWLRA unveils plan for Toronto’s Canada Life campus

GWL Realty Advisors (GWLRA) is submitting a rezoning application to the City of Toronto for the Canada Life campus of buildings in the city’s downtown core to allow for potential future intensification with new residential and commercial uses.

H&R REIT CEO to buy $410M of properties for takeover bid

H&R Real Estate Investment Trust (HR-UN-T) chief executive officer Tom Hofstedter is buying approximately $410 million of properties from the Toronto-based company he founded 30 years ago to pave the way for a $3.4-billion takeover.

Morguard advances mall redevelopments across Canada

Morguard Real Estate Investment Trust (MGRUF) is advancing a series of redevelopment projects across its Canadian shopping centre portfolio, bringing grocery stores, entertainment concepts and expanding national retailers into spaces formerly occupied by department stores and other large-format tenants.

Leon’s eyes western growth; the Brick targets Atlantic

Leon’s Furniture Limited sees room to expand its namesake banner further across Western Canada while The Brick is targeting additional growth in Atlantic Canada, as LFL Group continues investing in physical retail despite a difficult environment for discretionary spending.

Net-zero retrofits across Atlantic Canada could cost $240B

Retrofitting Atlantic Canada’s aging homes, apartment and office buildings could become an important tool for the region to reach net-zero emissions over the next two decades. It also could cost more than $240 billion.

$25M Moncton infra. upgrade to unlock 1,300 new homes

Moncton's mayor has welcomed an announcement by the municipal, provincial and federal governments that they will jointly spend $25 million to improve infrastructure in the city, a catalyst for development along Elmwood Drive.

East Winnipeg dev. plan calling for 6,400 homes

A proposed new development could add thousands of homes and up to 20,000 residents to a semi-rural area in South Transcona in east Winnipeg. The development area encompasses more than 500 hectares of land.

‘Landmark’ industrial dev. breaks ground in Brampton

A groundbreaking ceremony was recently held for the multi-phase Goldpark Castlemore industrial project in Brampton, Ont. Currently the work is proceeding with phase one of the project. In total, the development area is approximately 622,300 square feet.

B.C. building permits fall 9.5% in June

The total value of building permits in June in B.C. declined by 9.5 per cent compared with last month, while the national value increased by 18.5 per cent, according to Statistics Canada’s Aug. 12 release.

RHH hits market sweet spot with larger townhomes

While building and selling new homes in Southwestern Ontario still continues to be a challenge, the leader of Reid's Heritage Homes (RHH) says certain changes have helped to drive the business forward.

13-storey tower topped with a Buddhist temple approved

A new mixed-use 13-storey building with a Buddhist temple on top is set to be built in Toronto’s Parkdale neighbourhood. Toronto City Council approved an application from the site’s owners, a Tibetan Buddhist congregation, late last month.

Shuttered U.S. colleges selling their campuses

Driven by shifting demographics and mounting debt, over 50 U.S. colleges have closed or merged since 2020. That distress has put thousands of acres of classrooms, dorms and athletic facilities on the real estate market, many in need of redevelopment.

Plans submitted for 1.1M-sq.-ft. Canary Wharf office retrofit

The owners of HSBC’s 1.1M-sq.-ft. former HQ in Canary Wharf have submitted proposals for one of the largest office retrofit projects ever, with plans to create a new mixed-use scheme. The project could cost £800M to £1B.

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