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XTL buys new Quebec distribution centre for $72M
XTL buys new Quebec distribution centre for $72 million
XTL transportation and logistics has paid $72 million to purchase a 375,000-square-foot industrial building being developed in Salaberry-de-Valleyfield, Que., from a joint venture involving Divco, Brasswater and two minority owners.
CAPREIT transacts on $154.7M in apartments in 4 provinces
CAPREIT (CRT-UN-T) has completed a series of five transactions during the final quarter of 2023, acquiring two British Columbia apartment buildings for $90.5 million and closing on the individual sales of properties in three cities for $64.2 million.
 | CRE Matters After a year of uncertainty, expect more clarity on Toronto's CRE market in 2024Peter Garrigan, SIORExecutive Managing Director, Greater Toronto Area | Colliers Brokerage |
Ivanhoé Cambridge sells 49% Vaughan Mills stake to LaSalle
Ivanhoé Cambridge has sold a 49 per cent stake in the 1.5-million-square-foot Vaughan Mills shopping centre to LaSalle Investment Management as part of a “syndication process,” the Montreal-based real estate giant announced Wednesday afternoon.
Mission Group postpones two Kelowna res. towers
Kelowna-based Mission Group has temporarily shelved two high-rise residential towers in downtown Kelowna. Rising costs and declining revenue are blamed for the postponement of the unidentified projects which were scheduled to launch in 2024.
‘Perfect storm’ threatens Vancouver rental projects: CMHC
A “perfect storm” of market conditions - rapidly rising interest rates, high construction and government fees, taxes and levies - is threatening the delivery of rental housing in Vancouver and across Canada, according to the Canada Mortgage and Housing Corp. (CMHC).
 | ECO Canada ECO Canada’s mission: building the world’s leading environmental workforceFrom young professionals to experienced environmental auditors to organisations, ECO Canada's designations provide a nation-wide validation of skills and commitment to best practices. Don’t wait any longer! To become a certified EP® visit eco.ca/ep. Sponsored by: ECO Canada |
Vancouver offices face first ‘tenant’s market’ in 20 years
Vancouver’s office real estate market is moving into new territory and industry experts including Susan Thompson, associate director of research at real estate company Colliers Canada, are signalling this will bring more opportunity for businesses in the city’s core.
Gryphon adds Taiwan concepts to Vancouver buildings
Gryphon Development, founded by Jason Hsu in 2017, currently has its fifth development underway in Vancouver — the 12-storey retail/office complex Marco Polo. Hsu discusses the concepts from Taiwan and Asia that he wants to bring to Vancouver.
A peek at new Amazon building near St. Thomas
VIDEO: Amazon's YXU1 Fulfillment Centre on Sunset Drive near St. Thomas, Ont., began operations in October. London Morning host Andrew Brown visited the massive building to learn more about what happens inside.
KingSett builds business case for low-carbon retrofit
KingSett Capital's success of establishing a compelling business case for a decarbonization retrofit at Scotia Plaza’s 100 Yonge St. building serves as an example for similar projects, according to an executive behind the award-winning upgrade.
Koble co-founder launches Ottawa CRE brokerage
Marc Morin, one of Ottawa’s leading brokers of office and industrial space, officially unveiled his new business, Seva Commercial Real Estate, on Monday. For now, Morin is a one-man band, and he couldn’t be happier.
ERES ends strategic review, to maintain status quo
European Residential Real Estate Investment Trust (ERES) (ERE-UN-T) announced its board of trustees has concluded that proceeding with any of the proposed sale transactions would not be in the best interest of the REIT’s unitholders at this time.
Real estate podcasts
Teresa Neto, Granite REIT: Mastering 2023-'24 industrial market, CRE Podcast
Leah Zlatkin, Lowest Rates: Rate cuts could spark housing volatility, Down to Business
Casdin Parr, JLL Canada: The dynamics of Canadian retail, The Interview Series
Brookfield avoids default on London skyscraper
Brookfield Asset Management Ltd. (BAM-T) won more time to sell or refinance a 36-storey City of London office tower that has seen its valuation slump, highlighting the difficulty landlords are facing after interest rates rose.
Brookfield, Blackstone eyeing Australian multifamily
Blackstone Inc. and Brookfield Corp. are among heavyweight investors offering hope to a housing market in crisis as they pour money into the nascent multifamily apartment sector in Australia, where rental vacancies linger alarmingly around one per cent.
Santander to buy stake in U.S. portfolio for $1.1B
Spain's Santander on Wednesday said it bought 20% of a U.S. real estate portfolio for $1.1 billion from the Federal Deposit Insurance Corporation (FDIC), which will retain 80% in a joint venture with the bank.
Prada buys New York Fifth Avenue building for $425M
Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company said Wednesday. Prada said it had paid the price in cash using internal resources.
Moody's downgrades Boston Properties' credit rating
Boston Properties, one of the country’s largest office owners, was downgraded one notch by Moody’s Investors Service, Moody's said in a rating action Monday. BXP's senior unsecured debt rating was lowered to Baa2, defined as "subject to moderate credit risk."
China Aoyuan seeks Chapter 15 bankruptcy
Real estate developer China Aoyuan Group Ltd. sought Chapter 15 bankruptcy protection in New York on Wednesday, court papers show. Chapter 15 bankruptcy protects the company’s U.S. assets while restructuring arrangements are worked out elsewhere.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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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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