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RioCan sells $379M of multifamily portfolio, including FourFifty The Well

2 weeks ago

RioCan selling $379M of multifamily, FourFifty The Well

RioCan REIT (REI-UN-T) has unveiled firm agreements to divest $379 million of its RioCan Living multifamily portfolio in the coming weeks, including its 50 per cent stake in the flagship FourFifty The Well apartment tower in downtown Toronto.

Duchuck plans major redev. of Saskatoon Star Phoenix site

A proposal by Duchuck Holdings to redevelop the former Saskatoon Star Phoenix building into a major mixed-use complex featuring residential towers, retail and office space is being positioned as a catalyst for revitalizing downtown Saskatoon.

Romspen owes itself $410M after resolving debt default

Three years into Romspen Investment Corp.’s investor redemption crisis, the private mortgage lender resolved a long-standing debt problem by using an emerging bankruptcy strategy: buying a troubled asset and keeping the debt.

Builders welcome rollback of Metro Vancouver’s dev. fees

On April 15, developers in British Columbia scored a big win when the Metro Vancouver Regional District agreed to roll back and reduce its development fees, something the industry has asked the regional government to do for several years.

Ontario power of sales rise, may be 'tip of the iceberg'

Distressed home sellers are popping up more and more in Toronto’s real estate market as prices continue to tumble, leaving hundreds of homeowners with no equity in their homes. 

Vancouver nixes public hearings on majority res. proposals

Vancouver city council made decisions Tuesday on several rezoning proposals that would normally be referred to public hearing but are now no longer required because of provincial government legislation aimed at speeding up approvals for housing.

The mechanics of recovery: Navigating real estate receiverships in a volatile market

The influx of receivership mandates isn't just a byproduct of high interest rates; it’s the result of a "perfect storm" of development pressures that left little room for error. A parallel narrative is unfolding across Canada’s two most expensive markets.

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Olds forgives $2.9M developer's debt in exchange for land

The Town of Olds council has voted unanimously to forgive a developer about $2.9 million it owes the municipality for road and sewer infrastructure in the Cornerstone area.

New development could bring over 1,000 homes to Calgary

A massive new development could take shape in southwest Calgary, with plans calling for over 1,000 homes in Springbank Hill. The proposal covers roughly 53 hectares of undeveloped land. 

Council approves 25-storey tower in Edmonton

Plans are now underway to build a 25-storey podium-style highrise at 11630 87 Ave. Initially developers planned to build a 32-storey building but the proposed height was reduced after feedback from the community.

Holborn offers incentive at Little Mountain condo project

After countless delays, Holborn Properties says it expects to complete construction of three remaining social housing buildings at its 15-acre Little Mountain redevelopment. It will also launch pre-sales associated with the first market condo building slated for the site.

Stober looking to build medical service building in Kelowna

Stober Group has asked the City of Kelowna for permission to build a four-storey commercial and medical service building in the Landmark District. The company has applied for a development permit for 1896 Dayton St.

RBI planning 'huge investments' in Canadian markets

The parent company of Tim Hortons says it plans to invest more in Canada this year as it accelerates the pace of the coffee chain’s remodellings and new store openings. 

KingSett fund decreases ownership stake in MCAN

KingSett Canadian Real Estate Income Fund LP announced that it disposed of 1,411,200 common shares of MCAN Mortgage Corporation, for aggregate proceeds of roughly $34M. The move dropped the fund's ownership position in MCAN below 10 per cent.

Americold, EQT announce a $1.3B North American cold storage JV

Temperature-controlled logistics firm Americold Realty Trust, Inc. and global investment organization EQT have announced the formation of a joint venture with EQT's Active Core Infrastructure fund focused on the ownership, operation and potential development of high-quality cold storage warehouse facilities.

Brookfield completes $1.2B acquisition of Peakstone Realty Trust

Brookfield Asset Management and Peakstone Realty Trust have announced the completion of the acquisition of Peakstone by a Brookfield affiliate in an all-cash transaction. The transaction values Peakstone at approximately US$1.2 billion. 

In a topsy-turvy world, capital flows to CRE

In a changing and uncertain economy, hard assets are seeing an influx of capital. Commercial real estate is seen as a particularly safe haven. Real assets have entered a “super cycle” of investment for a number of reasons.

481 U.S. breweries closed in 2025. The spaces are proving hard to fill

Craft breweries used to drive the transformation of vacant warehouses, storefronts and other repurposed buildings into neighbourhood gathering places. Now, a growing number of these spaces play host to vacant rooms, empty barrels and silence.

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