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Graywood attracts Japanese investor for GTA condo JV

1 week ago

Graywood attracts Japanese investor for GTA condo JV

Graywood Developments is partnering with Japan’s Hankyu Hanshin Properties (HHP) to develop a $120 million condominium project in Oakville that Graywood president and CEO Stephen Price says could be the first of several JV projects with the Japanese firm.

Nexus sells industrial portfolio, 2 office properties

Nexus Industrial REIT (NXR-UN-T) has announced the sales of six properties, including a 270,000-square-foot industrial portfolio in Saskatchewan and a 160,000-square-foot office building in St. John, N.B.

From tariffs to housing, the charts to watch in 2025

Coming off several years of punishing inflation and high interest rates in Canada, the road back to normal was filled with potholes, with households struggling to cope with their debt loads, businesses retrenching and weak productivity undermining living standards.

Canada's 'Maple Model' for pensions loses some of its lustre

OPINION - Devised three decades ago, the “Maple Model” embodies three critical elements: large management teams choosing investments rather than outsourcing asset selection; investment in private equity, real estate and other assets to improve returns; and good governance independent from governments.

Industrial and housing projects underway in B.C.'s Tri-Cities

The Tri-Cities region is poised for economic growth, with a significant number of projects underway despite industry-wide challenges like high construction costs and razor-thin profit margins.

Covered outdoor mall and over 1,400 homes for Lougheed

Nearly two years after reaching the construction completion on the first phase of the “City of Lougheed” mall redevelopment, Shape Properties is preparing to kick it up another notch with a second phase.

Average asking rents decline to 17-month low across Canada

Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report from Rentals.ca and Urbanation. Average asking rents were down 3.2 per cent.

Dream provides asset management business update

Dream Unlimited (DRM-T) released an update on various business initiatives. The company said, over the past two years, assets under management grew by $9B, largely driven by an $8.5B increase in the multi-family rental and industrial asset classes.

Shopping centres evolving amid rising challenges

For most operating within retail, the challenges being faced today are simply a stark reality of doing business. Rising costs and a general sense of financial uncertainty have cast quite a pall over the industry of late. 

Putman Investments buys Northern Reflections chain

Putman Investments says it has acquired clothing retailer Northern Reflections. Financial terms of the deal were not disclosed. Northern Reflections has 134 stores across nine provinces and employs more than 860 people across the country.

Court challenge of Calgary rezoning bylaw rejected

A court challenge by a group of Calgary residents aiming to overturn city hall's blanket rezoning bylaw has failed. The group had aimed to stop the city from granting permits to build higher-density housing. 

Ottawa city staff come out against anti-renoviction bylaw

Ottawa city staff say they aren't recommending an anti-renoviction bylaw just yet because of its cost, provincial law covering some of the same ground and a desire to wait and see how other cities fare.

Soccer stadium, pro team proposed for Kingston

A proposal to build a new soccer stadium on the Memorial Centre grounds has been put forward. City council is to discuss the proposal from Victory Grounds Ventures at its meeting next week.

Wanna buy a golf course? It's yours for $3.8 million

A large chunk of land has hit the market near St. Thomas, Ont., with the Iron Creek Country Club for sale at $3.8M. The 150-acre course has seen recent investments and also offers potential for residential development.

BSR REIT buys Dallas apartments for $61 million

BSR Real Estate Investment Trust (HOM-UN-T) has acquired The Venue Craig Ranch Apartments in the fast-growing McKinney submarket of the Dallas/Fort Worth metropolitan statistical area, for $61 million.

Inovalis has conditional sale of 87.5% of French property

Inovalis Real Estate Investment Trust (INO-UN-T) has announced the signing of an exchange contract for the sale of 87.5 per cent of the Arcueil property to two parties for $56.5 million.

Brookfield’s London office empire faces debt and development

Brookfield Properties, one of the world’s largest office owners, with a US$20B global portfolio, is facing an unprecedented moment of change around its five-million-square-foot London portfolio. 

Office REITs: High quality properties attract, retain tenants

While office properties can range from skyscrapers to office parks to individual buildings, REITs generally own higher-quality offices located in central business districts. Offices play key roles in communities, forming local employment centres and helping support small businesses. 

$1.8B in CRE assets are in L.A. fire evacuation zones

An estimated US$1.8B in commercial real estate backing US$1.3B in CMBS debt lies within areas under an evacuation order or warning related to fires burning in the Los Angeles area, according to a Trepp analysis.

Glenstar Logistics debuts $415M South Carolina campus

Glenstar Logistics has completed the first of five buildings at the US$415 million, 290-acre Cherokee Commerce Center 85 in Gaffney, S.C. The speculative, cross-docked 550,520-square-foot building can be expanded to 1.3 million square feet.

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