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Brasswater-led group buys Mont Tremblant retail village

3 hours ago

Brasswater-led group buys Mont Tremblant retail village

For Brasswater founder and president Ian Quint, the acquisition of the 135,557-square-foot retail village at Mont Tremblant resort in Quebec is personal. A partnership led by Brasswater paid LaSalle Investment Management $90.5 million for the property.

Oxford JVs with Pine Tree, moves into U.S. retail investment

Oxford Properties Group has entered the U.S. open-air retail investment sector with the creation of a joint venture with Pine Tree and the acquisition of two properties in Austin, Tex. for a reported US$250 million.

Square Nine Developments facing five foreclosures in B.C.

Square Nine Developments Inc., which last month saw its high-profile Belvedere project in Surrey placed under creditor protection, is facing an additional five foreclosure actions, according to B.C. Supreme Court filings obtained by Western Investor.

Costco to anchor Bingham Crossing Centre near Calgary

The Bingham Crossing joint venture between Anthem Properties and Rencor Developments, together with Trillium Realty Advisors representing institutional investors, announced the closing of the sale of 18 acres of land to Costco. 

Reverse logistics: Inside the warehouse of unwanted gifts

The Canadian company ReturnBear — founded in 2021 as a way to accept returns from customers and prepare them for their next home — is a small but mighty cog in the US$882B “reverse logistics” market. 

$1B solar panel manufacturing project set for Montreal East

A new company wants to set up shop in Montreal East and invest $1B to manufacture solar panels. Awendio Solaris, a subsidiary of the British company Adsila Holding, wants to build a factory combined with a research and development centre.

Flexible workspaces expand to small towns and suburbs

A boom in short-term furnished office leasing appears to be here to stay, says Ashley Dere of Colliers Canada. As office vacancies increased owing to hybrid work, companies that specialize in co-working and private office facilities have moved in.

'Condo recession' spurs developer shakeout in Toronto

Toronto is awash in unsold condos, but they just keep coming. As units pile up, a record number of developers are being pushed into insolvency, while the survivors scramble to reinvent themselves. 

Condo downturn not a 'material threat' to financial system

In a press conference Thursday morning, Peter Routledge, the Superintendent of Financial Institutions, conveyed he isn’t too concerned about the impact of the condo crisis on the Big Six banks.

Slower immigration, rising construction ease rental squeeze

After years defined by intense competition and record-low vacancy rates, Canada’s rental market is showing signs of easing. A new report from Liv.rent says rising housing supply, combined with slower immigration and fewer temporary residents, is shifting market dynamics.

Metro Vancouver rental housing vacancy rate at 30-year high

A wide range of factors have led to Metro Vancouver’s secured purpose-built rental housing vacancy rate reaching the highest level in over 30 years. According to CMHC, the rate reached 3.7 per cent in 2025. 

Sienna completes $67.2M acquisition in Burlington

Sienna Senior Living Inc. (SIA-T) has completed its previously disclosed acquisition of a 78.2 per cent interest in LaSalle Park located in Burlington, Ont. The property is 97 per cent occupied.

$129M in funding 'at risk' as Calgary begins rezoning repeal

In the wake of Calgary's council kicking off a process to repeal the city's blanket rezoning policy, the corporation responsible for administering significant federal housing money warns the changes could put funding for new housing at risk.

50-storey condo tower proposed at Jarvis and Richmond

A 50-storey mixed-use condominium tower is proposed to replace an existing gas station on a compact site on Jarvis Street. Designed by Arcadis for Suncor Energy Inc., the building would rise at the northwestern extent of the King-Parliament neighbourhood. 

CEO of RECO steps down in wake of iPro scandal

The CEO of Ontario’s real estate regulator is stepping down in the wake of the iPro Realty scandal, while realtors continue to wait for missing commissions following Premier Doug Ford promise to make sure they got “every single penny.”

Ares makes $700M bet on AI with Virginia buying spree

Ares Management Corp. is ramping up its bet on the AI boom, spending US$700 million to build a sprawling data-centre complex and buy fully-leased properties in Virginia.

At 38% discount, $3.6B Bluerock listing tests valuations

After three years of negative returns, a US$3.6B private real estate fund listed on the New York Stock Exchange this week, giving frustrated investors a long-awaited exit. The results were brutal.

REIT's shareholders approve sale, reject CEO's $34M exit deal

Shareholders of a New York-based office REIT rejected a multimillion-dollar golden parachute for its embattled CEO while greenlighting a US$1.6B merger. Paramount Group shareholders voted to go forward with the company’s sale to Rithm Capital.

REITs, institutional investors and global real estate in 2026

Nareit’s conversations with investors in 2025 highlighted a recurring theme: many market participants still underestimate how widely REITs are integrated into real estate portfolios and are unaware of how institutional investors are continually evolving their use of REITs. 

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