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'Counter-cyclical strategy': G2S2 buys $600M in Ravelin debt
'Counter-cyclical strategy': G2S2 buys $600M in Ravelin debt
UPDATED: G2S2 Capital, an investor in the struggling Ravelin Properties REIT (formerly Slate Office REIT), has acquired almost $600 million of the trust’s $1.09 billion debt. It's a move G2S2 founder George Armoyan calls a "counter-cyclical" strategy.
Truman, U. Calgary JV to develop University District rentals
University of Calgary Properties Group (UCPG) and Truman Homes have formed a joint venture to develop a six-storey purpose-built rental building in the city's University District.
Canada's downtown office vacancy inches down: CBRE
Toronto and Vancouver enjoyed positive net absorption of office space in Q1 2025, according to new CBRE reports. And in a first since Q1 2020, the national downtown office vacancy rate dipped slightly led by Toronto and Vancouver.
Liberals, NDP announce housing plans on campaign trail
Liberal Leader Mark Carney and NDP Leader Jagmeet Singh both released housing pledges on Monday, while Conservative Leader Pierre Poilievre said he would create a “national energy corridor” across Canada.
Developers launch lawsuits against defaulting condo buyers
The Star reviewed almost 130 lawsuits brought by two developers — CentreCourt and Mod Developments — against purchasers who failed to close on condo units across five separate Toronto towers. They bought near the pandemic peak and planned to close in 2024.
High-density residential plan for Bridge-Bonaventure
Bridge-Bonaventure, the neighbourhood on the banks of the St. Lawrence River in Montreal's Sud-Ouest borough, will be a densely populated area featuring large residential towers of off-market housing. The plan announced Monday features "up to" 13,500 housing units.
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Things are looking up for the tallest building in St. Thomas
Although not open to residents until August, Highlands Tower – a 14-storey highrise on Talbot Street in St. Thomas – has already amassed an interest list exceeding 1,000 people for its 162 rental units, Canadian Commercial Developments partner Lee Greenwood said.
Industrial landowners keeping their options open
Three years ago, the industrial market was riding a post-pandemic high. Driven by the surge in online commerce and supply chain disruptions, demand for large-format warehouse space and smaller units for last-mile distribution kept landlords hopping.
Canadian factory PMI hits 15-month low
Canadian manufacturing activity contracted at a steeper rate in March as the global trade war triggered the sharpest decline in new orders since 2020. The S&P Global Canada Manufacturing Purchasing Managers’ Index fell to 46.3 from 47.8 in February.
Morguard Corp. increases ownership in Morguard REIT
Morguard Corporation (MRC-T) announced that it acquired 1,307,418 trust units of Morguard Real Estate Investment Trust (MRT-UN-T), through the Toronto Stock Exchange and through its participation in the REIT's distribution reinvestment plan.
Toronto landlords offer incentives to attract new tenants
A luxury building in Toronto's Midtown is offering up to two months of free rent and years of complimentary Wi-Fi. A property management company downtown is dangling three months free rent on a two-year lease.
Ford aide broke rules with Greenbelt clients: ethics watchdog
A former aide to Ontario Premier Doug Ford broke the law by failing to disclose his efforts to get clients’ lands removed from the protected Greenbelt and approaching government officials with whom he was friends, the province’s integrity watchdog says.
New Westminster council balks at 'Manhattan' density plan
The approval of Edgar Development’s proposal to turn the Columbia Square strip mall into a high-density, transit-oriented development set some precedent for potential redevelopment possibilities of the adjacent sites in New Westminster but local politicians want more studies done.
Regina eyes residential dev., park for Taylor Field property
The vacant 15-acre parcel of land — previously the home of the Saskatchewan Roughriders — is expected to be split into two parts for redevelopment with one to be designated for a community park and the other transformed into residential blocks.
Brookfield buys majority stake in mortgage specialist Angel Oak
Brookfield Asset Management has agreed to buy a majority stake in Angel Oak Companies, a mortgage lender and investor that manages over US$18 billion, as the New York-based firm continues efforts to grow its private credit business.
Chicago developer forced to give bank part of $6 billion project
Sterling Bay is being forced to hand over a portion of its US$6 billion Lincoln Yards development in Chicago to its lender after years of delays and challenges obtaining long-term financing.
Part of scrapped Bay Area entertainment district now eyed for DC
A site in California once planned to be part of an entertainment district may end up as a data centre instead. Developer Terra Ventures has proposed a two-building data centre complex on 9.3 vacant acres in San Jose’s Alviso district
Prologis closes two deals worth $230M
Prologis recently closed two deals, a purchase and a sale, worth US$229.8 million, according to CommercialEdge data. The acquisition involved a 600,000-square-foot industrial asset in New Jersey. ARC Realty sold the warehouse for US$166.8 million.
Industry Events
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Western Canada Apartment Investment Conference
Apr 22 2025
Vancouver Convention Centre
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Vancouver Real Estate Forum
Apr 23 2025
to Apr 24 2025
Vancouver Convention Centre
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Edmonton Real Estate Forum
May 27 2025
to Feb 27 2025
Edmonton Convention Centre
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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