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BTB acquires 3 properties near Edmonton, sells one in Quebec city

1 day ago

BTB acquires 3 properties near Edmonton, sells one in QC

Montreal-based BTB REIT (BTB-UN-T) continues to expand its portfolio in Alberta with the recent acquisition of three industrial properties in the Edmonton area as it continues to look for more real estate there as well as venturing into Calgary.

Manufactured housing investments pay off for Flagship

Kentucky-based Flagship Communities Real Estate Investment Trust (MHC-U-T), the only Toronto Stock Exchange-listed REIT that provides geographic diversification and exposure to manufactured housing communities (MHCs), continues to also quietly provide steady returns.

Brad Cutsey to step down as InterRent CEO and President

InterRent REIT (IIP-UN-T) announced that Brad Cutsey has advised the board of his decision to resign from his positions as chief executive pfficer and president, effective on Monday, to turn his attention to the next chapter of his career.

EV maker BYD in talks to open Canadian dealerships

Electric carmaker BYD Auto Co. Ltd. is looking at opening dealerships in the Greater Toronto Area, positioning itself to be among the first Chinese automakers to sell in Canada. BYD wants to establish 20 dealerships within a year.

Developer makes push for one of Vancouver's tallest towers

A decade after a prime piece of downtown real estate sold, the landowner has a new plan to build a skyscraper rivalling the city’s tallest. Pinnacle International has submitted a new application to go up to 67 storeys.

Broadway Plan rental tower project begins construction

Earlier this month, construction officially began on a new 24-storey rental housing tower in Vancouver’s Mount Pleasant area. This is local developer Qualex-Landmark’s redevelopment of the 1987-built strip mall site at 701 Kingsway, which has since been demolished.

Four towers up to 61 storeys proposed in North York

New plans have been submitted for 1315 Finch Ave. W. in the York University Heights neighbourhood of North York, with CTN Developments now proposing a substantially intensified mixed-use scheme compared to a midrise redevelopment scheme first proposed in 2020.

B.C. developer becomes unwilling landlord

Sightline Properties is suing the former owners of a property the developer purchased for a land assembly, claiming the owners failed to terminate an existing tenancy by the possession date, saddling the developer with tenant relocation and protection obligations.

Stampede 20-year master plan outlines 'ambitious vision'

The Calgary Stampede unveiled a new 20-year road map, envisioning major changes and future developments that will reinvent the festival’s grounds. The plan outlines seven different zones and aims to make Stampede Park more of a year-round destination.

Vancouver hotel projects 'slow to get off the ground'

Carrie Russell, senior managing partner at hotel consulting firm HVS, said she has calculated 42 sites in Vancouver have been considered for hotel development. There hasn’t been this much interest and activity in downtown hotels since the 1990s.

Basecamp Resorts planning three new resort spas

Hot on the heels of the successful launch of its Everwild Nordic Spa in Canmore, Basecamp Resorts is planning three more wellness centres in Alberta and B.C. New resorts are planned for Harmony, Alta. and Fernie, B.C.

Major Amazon, Brimich warehouses set for Brant County

Two major industrial warehouse projects, including a 200,000-sq.-ft. Amazon facility, pushed Brant County, Ont. construction to a total value of just over $306.3M in 2025, surpassing the area’s $300M mark for the first time,.

Grocers double down on discount banners in Canada

Canada’s largest grocery companies are reshaping their footprints around low-cost formats as food inflation and consumer caution persist. Loblaw, Metro and Empire are investing billions of dollars into hard discount banners, converting conventional stores and refining supply chains.

Two giant T&T Supermarkets to open in GTA

T&T Supermarket is opening a massive new Ontario store at Erin Mills in Mississauga on April 9 and will open its biggest in Ontario in North York this fall. 

Feds to close Gatineau public servant co-working space

The federal government is closing its co-working space at 480 Boulevard de la Cité in Gatineau this summer, while the multi-year pilot project at five other locations across the National Capital Region is being extended another six months.

Real estate podcasts

Peter Leung, Investorpreneur: Global investing insights, VCREP
Dennis Mitchell, Starlight: Liquidity, risk and real estate’s comeback, CRE Podcast
Doug Porter, BMO: War, oil and your mortgage, Vancouver Life RE Podcast

Marcus Partners closes largest fund at $875M

Marcus Partners has completed fundraising for Marcus Capital Partners Fund V LP, a value-add real estate fund with commitments totalling US$875 million. The new investment vehicle will target mostly industrial and multifamily assets.

CRE fundraising on the rise for first time since 2021

Global private real estate funds raised US$172B last year, up 13 per cent from US$152B in 2024, according to a new report from With Intelligence by S&P Global.

Hines signs JP Morgan Chase at Boston tower

JP Morgan Chase has leased 250,000 square feet at Hines’ new South Station Tower in downtown Boston, marking one of the largest office leases in the city since the pandemic. The bank is scheduled to relocate in early 2028.

REIT access to equity markets could accelerate acquisitions

REITs are working to find a seat at the table as active buyers for CRE as the transaction market regains momentum. Five REITs went to the market with secondary offerings in February, raising a combined US$1.3 billion. 

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