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Leyad is transforming Canadian malls with an emphasis on entertainment

5 days ago

Leyad transforms malls with an emphasis on entertainment

Shopping centres have evolved well beyond being places to shop to become community hubs where people also come to dine, access services, work out, socialize and be entertained — all in one visit. Leyad is a big proponent of this transformation.

AIMCo, CCMP sell BGIS to NYC-based Veritas

New York City-based Veritas Capital has entered into a definitive agreement to acquire Markham, Ont.-headquartered technical integrated facilities management (IFM) services company BGIS from CCMP Capital Advisors, LP and Alberta Investment Management Corporation (AIMCo) for undisclosed financial terms.

Lululemon opens 1M-sq.-ft. automated distribution centre

Lululemon has opened a distribution centre spanning more than one million square feet in Brampton, Ont., creating a major new fulfilment hub for the Vancouver-founded retailer’s e-commerce operations across Eastern Canada and the eastern United States.

Montreal uses special powers to approve 700-home plan

The second time seems to be the charm for the duo of developers Broccolini and Pur Immobilia, who have been planning a major multi-residential building on the site of 810, rue Saint-Antoine Est for years.

Sienna announces $125M redevelopment in GTA

Sienna Senior Living (SIA-T) will redevelop a 256-bed long-term care home in Mississauga. Construction is expected to begin in 2026, with completion targeted for late 2029, at an estimated cost of approximately $125 million.

Metro sells Quebec bakery plant for $90 million

Metro announced Thursday the sale of all its facilities and manufacturing operations related to the production of Première Moisson brand bakery products. Located in Baie-d'Urfé, the 84,300-sq.-ft. plant will be sold to Toronto-based FGF for $90 million.

Château Montebello buyer reportedly Westmont Hospitality

Westmont Hospitality, one of Canada's largest hotel operators, is reportedly the preferred buyer for Château Montebello in Quebec's Outaouais region. The proposal is reportedly favoured by PricewaterhouseCoopers as part of the landmark resort's court-supervised liquidation process.

Rogers already looking to sell off some of MLSE

Wanted: A junior partner for the undisputed king of Toronto sports. No, that’s not a classified ad. But that’s exactly what Rogers Communications is looking for now that it’s set to take full control of Maple Leaf Sports & Entertainment.

Six towers proposed at Whitby GO station

Infrastructure Ontario has submitted plans for a transit-oriented community on the Whitby GO station lands that would introduce six mixed-use towers ranging from 33 to 45 storeys. The proposal would replace the existing commuter parking lot.

28-storey buildings near Grimsby GO station?

A few 28-storey residential buildings could be built near Grimsby’s GO train station near Casablanca Blvd. by 2051. That provision is part of Envision Grimsby, the new official plan that was approved by Grimsby council on Monday.

Surrey exceeds housing target with nearly 14K new units

Surrey has issued 13,844 net new housing units over the past two and a half years, exceeding its housing targets. B.C.’s second-largest city by population remains on track to complete all the initiatives outlined in its Housing Action Plan.

Government condo buyout plan raises value questions

Ottawa and B.C. are buying 2,200 unsold condos. What's not talked about is the impact on people who have already bought units in these buildings and might have paid 30 per cent more than the government might pay today.

Third summer of A/C problems frustrates highrise tenants

The central air-conditioning system at a south London apartment tower is back at full capacity, its property manager says, but tenants frustrated by three summers of breakdowns want clearer answers and a lasting repair.

Splitsville Bowl to open in Toronto

One of the largest vacant retail spaces at Etobicoke's CF Sherway Gardens has found a major new tenant, with Splitsville Bowl planning a 34,000-sq.-ft. flagship entertainment venue inside part of the former Nordstrom store.

Brookfield-backed Csquare valued at $3.24B in NYSE debut

Brookfield-backed data centre provider Csquare’s shares opened marginally lower before trading down about three per cent in their New York Stock Exchange debut on Thursday, after the initial public offering was priced below its marketed range.

Glut of big-box U.S. warehouses finally being 'gobbled up'

After a year of caution, America’s industrial occupiers are once again signing megadeals. The tenants are backfilling the surplus of big-box warehouses built to meet projected post-pandemic demand before tariffs and the war in the Middle East reset expectations. 

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