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Starlight acquires 3 U.K. housing developments: $900M
Starlight acquires 3 U.K. housing developments: $900M
Starlight Investments has acquired three rental communities under development in the U.K. for over $900 million. The projects comprise 1,541 apartments, expanding Starlight's interest in the European residential market.
KingSett halts distributions and redemptions on $1.9B fund
KingSett Capital, one of the country’s most experienced commercial real estate investors, has halted redemptions and distributions from its flagship Canadian fund as it navigates persistent industry woes. The freeze echoes similar moves by other large private real estate investors.
Calgary's First Canadian Centre office tower sold to Armco
UPDATED WITH QUOTES, MARKET INSIGHTS: Armco Capital has made its third acquisition of a major downtown Calgary office property, adding the 540,000-sq.-ft., class-A First Canadian Centre to its rapidly expanding portfolio in the city.
Former prime minister Stephen Harper to chair AIMCo board
The Alberta government appointed former prime minister Stephen Harper chairman of the board of the $169B public-sector pension fund manager Alberta Investment Management Corp., and added the province's deputy finance minister as a permanent director.
 | BTG Realty Advisors Inc. Shovel ready Port Credit development site for saleBTG Realty Advisors Inc. has listed for sale 128 Lakeshore Road East, a prime shovel-ready development site prominently located in the heart of the affluent and picturesque Port Credit neighbourhood in Mississauga. Sponsored by: BTG Realty Advisors Inc. |
A new breed of property barons could ease housing crisis
Individuals and corporations which bought real estate years ago are now either selling the property for huge sums to a developer, or looking to develop it themselves as the clamour for somewhere to live grows louder in major cities.
Developer Thind 'misappropriated' millions, lenders allege
A major Metro Vancouver real estate developer has been accused in court by a mortgage lender of having “misappropriated” millions of dollars, including tax money that allegedly should have gone to the Canada Revenue Agency.
Booze giant pauses plans for $245M Ontario whisky distillery
An international company that announced plans two years ago for a $245-million whisky distillery in St. Clair Township has told municipal officials the project has been paused. Diageo initially said the site would make Crown Royal by 2025.
Fastfrate opens new $55M facility in Winnipeg's CentrePort
Fastfrate Group has announced the grand opening of a new, state-of-the-art facility on 25 acres in Rosser, Man. Fastfrate Group's new location is strategically located within the CentrePort Canada Rail Park, currently in development by Focus Equities Inc.
Alignvest REIT vote overwhelmingly backs Forum acquisition
Alignvest Student Housing REIT unitholders have overwhelmingly approved the acquisition of the REIT by Forum Real Estate Income and Impact Fund (REIIF), with over 99 per cent of the votes cast voting in favour.
Vaughan 'dramatically' drops development charge rates
On Tuesday, Vaughan Mayor Steven Del Duca and members of council approved substantial reductions in development charge rates in the name of encouraging development and building more homes for their growing population.
Montreal limits non-residential property tax rise
Montreal business groups are praising the City of Montreal’s decision to limit non-residential property tax increases to an average of 1.9 per cent next year, but say they have concerns about rising spending.
Metro to open a dozen discount stores in 2025
Retailer Metro Inc. said it plans to open a dozen new discount stores in fiscal 2025. The company — whose banners include grocery chain Metro, discount supermarkets Super C and Food Basics, and pharmacy Jean Coutu — shared its plans Wednesday.
Fashion retailer Groupe Dynamite seals $300 million IPO
Montreal-based fast-fashion retailer Groupe Dynamite Inc. started trading in Toronto on Thursday after sewing up a $300 million initial public offering that will cement its largest shareholder’s status as a billionaire.
CPP Investments JV to build data centres in South Korea
The Canada Pension Plan Investment Board has signed a joint venture deal with Pacific Asset Management Co. to develop data centres in South Korea. CPP Investments committed $285 million to the $1-billion joint venture.
Savanna buys 799 Broadway for $255M, slightly less than building's debt
An office investor grappling with distress in pockets of its portfolio dropped a quarter-billion dollars to take advantage of someone else's. Savanna paid $255M to acquire the 799 Broadway office building, which it called a “deeply discounted price.”
Moody’s downgrades Blackstone Mortgage Trust on office concerns
Moody’s Ratings has cut Blackstone Mortgage Trust's corporate credit rating, largely due to analysts’ concerns with the mortgage REIT’s office portfolio. Moody’s downgraded the corporate family rating and its ratings for senior secured notes and senior secured bank credit facilities.
EQT Exeter expands in California with $202M industrial buy
EQT Exeter has purchased two industrial assets totalling roughly 1.3 million square feet in American Canyon, Calif. DWS sold the properties for US$202 million, according to The Registry. JLL represented the seller.
Carson Block sees trouble for apartment complexes in Sun Belt
Apartment complexes will be the next major source of problems in the commercial real estate market after offices were hit hard in recent years, according to short seller Carson Block of Muddy Waters Capital.
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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