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Plan A immobilier has big growth plans, including an IPO

1 day ago

Plan A immobilier has big growth plans, including an IPO

Rapidly growing multifamily and industrial developer Plan A immobilier plans to go public on the TSX within three years to fuel its growth outside of Quebec, says CEO Sami Hajjar, the company’s owner and founder.

Sienna buys 2 Ontario seniors living properties for $81M

Sienna Senior Living Inc., (SIA-T) has announced the acquisition of a retirement home near Ottawa and a long-term care home in Mississauga for a total of $81 million, adding to its Canada-wide portfolio.

T5 and QuadReal expand $8B data centre funding platform

QuadReal Property Group and T5 Data Centers are expanding their U.S. data centre venture. The companies announced the expansion of their joint platform to fund the next phase of strategic growth to the tune of US$8 billion.

Quartier Molson plan to reinvigorate Montreal neighbourhood

Heavy construction equipment will be moved in later this year to begin work on a major, mixed-use, master-planned community aimed at breathing new life into a once-isolated, prime waterfront property along the St. Lawrence River in the heart of Montreal.

CMHC forecasts slowdown in housing starts through 2027

Housing starts kicked off the year strong, but lower immigration levels and evolving U.S. trade policies are clouding the country’s economic outlook. This has had a cascading effect on the housing market, according to the Canada Mortgage and Housing Corporation.

With politics in flux, HNW individuals consider relocating

Real estate dealings often send out early signals of a shift in the political and economic landscape. Some high-net-worth business owners worried about a trade war between Canada and the United States are mulling over relocations stateside.

Floor slab & pallet racking: Key for industrial success

The foundation of an industrial building impacts racking safety and efficiency. With increasing building heights and dense racking systems, slab strength often lags, creating risks. Learn why floor slabs are vital for operational success and tenant satisfaction.

Sponsored by: North American Steel

Six-tower development proposed near Georgetown GO

A proposal from developer Gilbach would bring the largest development yet to the Town of Halton Hills to the northwest of Toronto. The multi-tower project's six towers would rise between 17 and 22 storeys. 

London fast-tracks industrial project to support EV plant

City council’s planning and environment committee voted unanimously for the city to request a minister’s zoning order to rezone 100 acres of farmland at 4423 Highbury Ave. S., where Dancor Construction hopes to build an industrial park.

Richter Street industrial property sells for nearly $4 million

A large industrial property in Kelowna’s north end has recently changed hands. The former home to Kelowna Steel Fabricators on Richter Street was sold by William Wright Commercial for $3.9 million.

GameStop looks to sell its Canadian and French operations

Bricks-and-mortar videogame retailer and popular meme stock GameStop announced it plans to sell its operations in France and Canada after an “evaluation of its international assets.” The company has 203 stores in Canada.

Real estate podcasts

Kathly Black, Fiera: Industrial condos and purpose-built rentals, CRE Podcast
Scott McInnes, McInnes Law: Bulletproof leasing for financial success, VCREP
Julie Whelan, CBRE: The impact of tenant behaviour, Tenant Experience Network

Walmart shares fall as retailer forecasts slowdown

Walmart (WMT-N) forecast profit for the fiscal year ending January 2026 below Wall Street estimates, suggesting the world’s largest retailer expects inflation-weary consumers to pull back after several quarters of solid growth.

RioCan says portfolio resilient, reports $125.6M profit in Q4

RioCan REIT (REI-UN-T) reported a rise in profits and a boost in payouts to shareholders as it saw high demand for its existing locations and held off on new construction. The company said it earned $125.6 million in the fourth quarter.

Builders fall as Toll Brothers sees high rates crushing demand

Shares of all 18 members in the S&P Composite 1500 Homebuilding Index fell after results from luxury homebuilder Toll Brothers and key construction data Wednesday indicated the U.S. residential real estate market may be in store for more turbulence.

Prologis CEO Hamid Moghadam to retire

Hamid Moghadam will retire as CEO of Prologis, a company he co-founded more than 40 years ago, the company has announced. Moghadam will be succeeded by Prologis president Dan Letter, who has been at the company for two decades. 

JLL sees 16% revenue growth driven by office leasing

Strengthening CRE market fundamentals boosted JLL's business in the fourth quarter, and its executives see that momentum continuing this year. The Chicago-based company reported $6.8B in revenue in the fourth quarter, up 16 per cent year-over-year.

First National Bank opens $300M headquarters in Pittsburgh

F.N.B. Corp., the holding company for First National Bank, has marked the opening of its headquarters in downtown Pittsburgh. The 469,000-square-foot tower rises 26 storeys on the former site of the Civic Arena.

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