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Business as usual despite Hazelview’s leadership succession

1 week ago

Business as usual after Hazelview’s leadership succession

Global real estate investment manager Hazelview Investments announced leadership changes late last month, and the three men involved with the succession plan did a recent e-mail interview with RENX to discuss the transition.

Condo dev. slows, so Originate Partners buys Hydrastone

Money they earned from The Commencement Group – the largest college, university and high school commencement flower and apparel retailer in North America – led to real estate investment, management and development for Darryl Firsten and Adam Sheffer of Originate Partners.

OMERS aims to add $10B in new investment over five years

The OMERS pension plan is looking to add at least $10B in new investments in Canada over the next five years, as CEO Blake Hutcheson says a push to attract more capital to Canadian projects is starting to show results.

The REIT sector is shrinking, it could be good for investors

First Capital's sale to KingSett Capital and Choice Properties REIT is the latest REIT takeover in a sector in which stock prices have been battered since the pandemic, with private entities often scooping up assets at a discount. 

Billionaire Ryan Beedie is good at almost everything

Twenty-five years after taking over the real estate development company founded by his late father, Keith, Ryan Beedie oversees an empire that few folks east of B.C.’s Coast Mountains know much about.

There's still potential in Montreal's industrial real estate

Despite the rise in industrial building vacancy rates in the Greater Montreal area recorded in 2025, Rosefellow is seeing a return to normalcy. Co-CEO Mike Jager even believes the market still holds strong potential for high-quality, eco-friendly buildings.

Data shows confidence in Saskatoon industrial real estate

OPINION: Despite ongoing global turmoil, there are strong indications that it’s business as usual in Saskatoon. Or maybe better than usual. I’m looking at you, industrial real estate.

Tree houses, art hotels and Nordic retreats join hotel scene

Canada’s hotel scene seems to be entering a new phase that’s less about volume and more about experience. While large full-service brands are expanding, smaller boutique properties are leaning into design, wellness and a stronger sense of place. 

Pickleplex plans to double footprint by end of year

Pickleplex Social Club has grown from its first location in Barrie to 12 clubs across Ontario, with plans to nearly double by year end. In a market where retailers are pulling back, they’re signing leases and filling courts.

Hillberg & Berk expands toward 30 stores in Canada

Canadian jewellery brand Hillberg & Berk is accelerating its national growth strategy, with a newly opened location at Willowbrook Shopping Centre in Langley, B.C. marking its 17th store and underscoring a broader plan to reach 30 locations by 2027.

Ikea's smaller stores aim to make shopping easier

IKEA Canada is rolling out a new type of smaller store. The new format, set to open in fall 2026, will be about 43,000 square feet — roughly one-fifth the size of a traditional IKEA — and will focus on everyday essentials.

Construction starts on PBR development in the Beaches

The City of Toronto and Cannect Homes have marked the start of construction for 90 affordable and market rental homes in the Beaches. Located at 507-511 Kingston Rd., the development will transform a previously proposed condominium project into PBR.

20-storey rental tower proposed in Corktown

Plans have been submitted for a redevelopment in Corktown, where The Pearl Group is seeking official plan amendment, zoning by-law amendment and site plan approval to replace an industrial building with a 20-storey purpose-built rental tower.

RM of Sherwood approves Bell Canada AI data centre plan

The seven-member council for a rural municipality near Regina — only three of whom were elected to their positions — has approved a development agreement for Bell Canada's planned 300-megawatt AI data centre.

N.B. data centre proponents try to quell water fears

The water needed for a proposed data centre in west Saint John wouldn’t be a significant drain on the city’s Spruce Lake industrial supply, according to the registration document filed as part of the environmental impact assessment process.

Blue Owl to acquire Sila Realty Trust in $2.4B deal

Affiliates of Blue Owl have entered an agreement to acquire Sila Realty Trust, a Florida-based REIT specializing in health-care real estate, for US$2.4 billion, the companies announced on Monday. Following the merger, Sila will be taken private.

BXP offloads stake in Marriott's HQ at $430M valuation

The largest publicly traded office landlord in the U.S. is cashing out of an office tower it built for the world's largest hotel chain. BXP sold its 50 per cent stake in the Marriott International headquarters in Bethesda, Md.

U.S. homebuilders set for another ‘lost’ earnings season

For U.S. homebuilders, the Iran war dashed what little optimism they had left for this earnings season. Developers including D.R. Horton Inc., Lennar Corp. and KB Home all missed expectations last quarter.

Club Med aims to create 100 new villages by 2035

The Club Med group wants to double in size and increase its customer base from 1.4 million to 2.6 million by 2035 by opening new villages around the world, CEO Stéphane Maquaire told AFP on Monday.

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