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Wesbild plans 6-tower Metro Van. Poco Place housing development
Wesbild plans 6-tower Poco Place Metro Van. development
RENX EXCLUSIVE: Wesbild has formally submitted its rezoning application to the Metro Vancouver City of Port Coquitlam for a six-tower, nearly 2,000-home master-planned, mixed-use development.
CAPREIT buys 4 new-build apartment properties for $192M
CAPREIT (CAR.UN-T) has acquired three recently constructed apartment properties in Montreal and Toronto and has a firm agreement to acquire a fourth building, also in Montreal, for a total of $192 million.
Adding a city of people into Scarborough’s Golden Mile
Scarborough’s Golden Mile, running along Eglinton Avenue East from Victoria Park Avenue to Birchmount Road, will be a radically different place in the next three decades as roughly 75 towers and 30 midrise buildings are expected to rise.
CF sells Kitchener Fairview Park mall to Westcliff
Westcliff has made its second major retail acquisition from Cadillac Fairview in the past two months, announcing Monday morning it is the new owner of the Fairview Park shopping centre in Kitchener, just west of Toronto.
Peterson, Create at odds, face $207M debt on Burnaby project
The 14-building Burnaby Lake Village project by Peterson Group and Create Properties has been placed under CCAA creditor protection by RBC. The developers planned for over 4,000 homes across the site.
Edmonton plans to sell 2 DT office buildings, relocate staff
The City of Edmonton plans to sell two downtown office buildings and relocate hundreds of staff as part of a $22.7 million downtown workplace optimization. Chancery Hall and Century Place are just steps away from Edmonton's city hall.
Empty offices may not be the hoped-for housing solution
Converting Toronto’s empty offices into housing will not be straightforward – and may not be feasible in cases, a new report indicates. While some past office conversions appear to be “profitable,” most don’t yield sufficient returns to be pursued by developers.
Commercial realtor Garry Beres still has art of the deal
Garry Beres estimates that in his 44 years as a real estate salesman he has sold more than $8-billion worth of properties — many major transactions of recognizable office towers in Calgary.
Cainsville ‘premier industrial hub’ one step closer to reality
Cainsville is one step closer to getting a “development-ready, premier industrial hub” after Brant County councillors voted to budget for a comprehensive land-use strategy. The community outside Brantford has around 334 acres of vacant land earmarked for employment growth.
Portage la Prairie Mall in Manitoba shutters after 45 years
Portage la Prairie Mall has been declining in popularity for more than a decade. Earlier this month, Colliers Canada, the company that manages the property, announced its closure effective Dec. 31. The 187,000-square-foot structure is now for sale.
Canada's largest gym opens in Ottawa after $30M reno
The latest venture of businessman Jeff York, Altea Active on Carling Avenue encompasses 129,000 square feet of reimagined, custom-designed retail space, located on a five-acre piece property that used to house a Canadian Tire store.
Alberta town to restore one of the last Quonset-style theatres
The historic Roxy Theatre in southwestern Alberta's Crowsnest Pass has seen better days. Its neon sign is in need of repair, the inside is bone-chillingly cold, and the heating, flooring, original 275 seats and insulation have been ripped out.
Vancouver luxury tower ditches social housing component
OPINION - The Curv tower development in the West End of Vancouver’s is a case study in investor influence and market dynamics – and the role developers play in delivering crucial below-market housing.
West Vancouver council gives Cypress Village final approval
A plan to add hundreds of acres of parkland and build a new, dense neighbourhood of almost 7,000 residents and businesses off Cypress Bowl Road cleared its final regulatory hurdle at West Vancouver council, by a margin of one vote.
Two Post Road a 'unique' addition in Toronto's Bridle Path
Toronto luxury condo developer North Drive Investments Inc. is bringing the first new housing in over two decades to Toronto's tony Bridle Path neighbourhood with its Two Post Road project.
Inovalis REIT sells Sablière property in Paris for $26.4M
Inovalis REIT (INO-UN-T) has announced the sale of the Sablière property to a third party for $26.4 million. The expected net proceeds of approximately $13 million will be used for capital expenditures and to reduce debt.
Brookfield, Brazil’s Iguatemi near deal on Sao Paulo malls sale
Canadian asset manager Brookfield (BAM-T) and Brazilian shopping centre operator Iguatemi SA are nearing an agreement regarding the sale of two Sao Paulo malls, according to multiple people familiar with the matter.
Europe’s largest pension fund buys mortgages worth $2.8B
Europe’s largest pension fund, Stichting Pensioenfonds ABP, acquired a US$2.8 billion portfolio of Dutch mortgages as it expands its investment in the asset class. ABP took over the mortgages from an investor on NIBC Bank’s platform.
Beyond 'retail-curious,' investors are ready to shop for stores
Like a Black Friday shopper trawling the aisles for deals during the holiday shopping season, retail investors are circling, keeping a keen eye out for the right opportunity as the asset class's performance makes it a must-have heading into 2025.
Venture One closes on 2-million-sq.-ft. Chicago industrial project
Venture One Real Estate has closed on VenturePark65, an industrial build-to-suit project encompassing 2 million square feet in Crown Point, Ind. Lee & Associates will lead the marketing efforts.
Industry Events
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Canada Real Estate Auctions
Jan 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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