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Appelt, Centurion sell Ontario medical office building
Appelt, Centurion sell Ontario medical office building
Appelt Properties and Centurion Asset Management have sold their 112,000-square-foot Royal Court Medical Centre outpatient complex in Barrie, Ont. four years after acquiring the site and embarking on a program to upgrade the three buildings.
Van.'s Spencer Building Carrier Hotel adds 5MW of capacity
The Spencer Building Carrier Hotel in Vancouver’s downtown Harbour Centre Complex is expanding its data centre by an additional five megawatts, more than doubling the capacity of the facility.
Retaliation against U.S. tariffs could force interest rates hike
Retaliation against United States tariffs could hold the key to the Bank of Canada‘s moves on interest rates, says a prominent economist. Scotiabank's Derek Holt says if Canada imposes tariffs on U.S. imports, interest rates could rise.
Carney cuts business ties to Brookfield and other boards
Mark Carney resigned from Brookfield Asset Management Ltd. and a number of business roles as he launched a bid to lead the federal Liberal Party, cutting ties with a prestigious corporate career.
Four First Nations purchase majority share in Hilton Quebec
The four nations of the Naskapi, Micmac, Wendat and Cree have invested $85.6 million to acquire 51 per cent of the shares of the emblematic Hilton Quebec hotel in the provincial capital.
New $80M industrial development coming near Sudbury
VIDEO - Sudbury-based industrial construction firm Anmar Mechanical is building two facilities in French River. The properties will create large trusses for bridges and industrial buildings and represent an $80M investment for Anmar.
$60M commercial project to be built at former mall in B.C.
A $60M commercial development to replace Mill Bay’s burned-out Pioneer Square Mall could be in place by the spring of 2026. Plans from Limona Group and Merdyn Group call for six buildings with 100,000 square feet of space.
Immeubles Avenir launches Devenir Construction
Montreal-based real estate group Immeubles Avenir has announced the launch of Devenir Construction, its wholly owned subsidiary. Licensed under RBQ certification, Devenir Construction provides end-to-end construction solutions, specializing in warehousing, industrial construction and commercial construction, including development, budgeting and project management.
Mount Logan, 180 Degree to merge, create $2.4B AUM entity
Mount Logan Capital announced it has agreed to merge with 180 Degree Capital Corp. in an all-stock transaction. The resulting entity is expected to be a Delaware corporation, operating as Mount Logan Capital Inc., and listed on Nasdaq as MLCI.
Can the Maple 8 model survive a new era of politicization?
The group of institutional investors known as the Maple 8, which includes the Ontario Teachers’ Pension Plan and the Canada Pension Plan Investment Board, has been envied internationally for diverse portfolios and world-class returns but is their independence at risk?
Tallest office tower being built in Canada nears milestone
Concrete, glass, and steel have been racing skyward for the second and final phase of developers Ivanhoé Cambridge and Hines' CIBC Square office complex, and the building is now approaching a key milestone with structural completion imminent as of mid-January.
Vegas-based company to buy Alberta land for AI computing
For Gryphon Digital Mining, securing a power source was a key factor in its pending purchase of a site in southern Alberta. The company has signed an agreement to acquire an 850-acre industrial site south of Pincher Creek.
Alberta hamlet looks to the future after strong 2024
The success of Balzac, Alta., as an industrial and commercial hub in 2024 was remarkable. Keurig Dr Pepper Canada announced it would be opening a national distribution centre there and eStruxture committed $750M to build a data centre.
Mixed reviews for gov't approval of Bunge-Viterra merger
The federal government’s approval of Bunge Global SA’s $8.2-billion acquisition of Viterra Inc. is drawing mixed reactions. The approval comes with conditions: that Bunge sell six grain elevators, and invest at least $520M within Canada.
Access Credit Union to shutter 5 rural branches
Access Credit Union has announced it will be closing five rural Manitoba branches. Effective May 22, Access branches in Birds Hill, Gretna, Lowe Farm and Miami will shutter; its Lundar site will close in mid-September.
Competition Bureau reaches deal with Empire
The Competition Bureau has reached a deal with Empire Co. Ltd. (EMP-A-T) to remove a property control that the regulator says restricted grocery store competition in Crowsnest Pass, Alta. Empire’s IGA store is the only grocery store in the town.
Commercial real estate firms flip back to growing head counts, salaries
Getting a job in commercial real estate could get easier in 2025. After bearing the recent years of sluggish transaction volume with staffing cuts and hiring freezes, commercial real estate firms are reversing course.
Blackstone’s BREIT gains 2%, failing to let managers reap profit
One of the world’s most-watched real estate funds is presenting a reality check: The property market rebound that investors have been betting on is slow-going. Blackstone Inc.’s major fund for wealthy investors gained 1.95 per cent in 2024.
Knight Frank boss says future offices won’t be ‘one size fits all’
William Beardmore-Gray, chairman and senior partner at Knight Frank LLP, spent most of his career advising the London's biggest office landlords on leasing trophy properties. He spoke to Bloomberg on the future of the office.
CRE retains ESG adherents as U.S. politics turn
Resilience and energy/water efficiency are projected to remain highly relevant for CRE in the United States, while some other concepts linked to ESG are tapped to lose momentum, according to research from the U.S. Commercial Real Estate Finance Council.
Industry Events
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ICSC Whistler
Jan 26 2025
to Jan 28 2025
Fairmont Chateau Whistler
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Canada Real Estate Auctions
Feb 01 2025
to Dec 31 2025
Canada
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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