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CAPREIT buys, sells 4 apartment properties for $194M

1 week ago

CAPREIT buys, sells 4 apartment properties for $194M

CAPREIT (CAR-UN-T) continues to be one of the most active buyers and sellers of Canadian real estate, announcing four new transactions valued at $194 million - including the acquisitions of two recently constructed apartment buildings in Western Canada.

Allied’s net loss decreases in 2024, operating income rises

Allied Properties REIT recorded a $342.53M net loss in 2024 (down 18.6 per cent from 2023). The biggest drain was $557.57M in asset value writedowns, but that didn't stop CEO Cecilia Williams from being optimistic about 2025.

Forum, Campus break ground on Toronto student housing

Forum Asset Management and Campus Suites have broken ground on the third phase of their Quad purpose-built student housing accommodations at York University, two eight-storey buildings which will deliver another 841 beds at the Toronto institution.

Archetype: Vancouver's first tri-mix development

As Vancouver’s first tri-mix property, Quadreal and Hungerford Properties' Archetype will feature an eight-storey office tower, a midrise residential building with 200 rentals and two floors dedicated to light industry, which refers to small-scale production, simple manufacturing and food commissary.

Timbercreek Financial resolves Group Sélection loans

Timbercreek Financial (TF-T) has announced the resolution of two loans originally made to Groupe Sélection Inc. The loans related to two assets in Quebec, a retirement residence in Montreal called Rosemont Les Quartiers and a multifamily residential building.

Floor slab & pallet racking: Key for industrial success

The foundation of an industrial building impacts racking safety and efficiency. With increasing building heights and dense racking systems, slab strength often lags, creating risks. Learn why floor slabs are vital for operational success and tenant satisfaction.

Sponsored by: North American Steel

3 Van. Safeway developments: 'Overbuilding everywhere!'

OPINION - Developers are pushing to build soaring rental buildings in part because the city no longer requires them to provide as many millions of dollars worth of amenities for apartment buildings, say critics.

Are investors good or bad for B.C.’s housing market?

The term “investor” has become a dirty word in the real estate industry. But if we expect to build more homes, investors of all shapes and sizes will likely be part of that equation.

Bonneville sees demand rise for modular, prefab housing

Bonneville Homes is experiencing an increase in demand for its modular products as the Canadian housing market cries out for homes that can be built faster and at lower costs.

26-storey tower proposed near Toronto's Glencairn Station

Trinity Point Development has submitted plans for a 26-storey mixed-use tower designed by BDP Quadrangle at 726 through 736 Marlee Ave. The development is within walking distance of Glencairn station on University Line 1.

Telus proposing 26-storey rental housing tower in Vancouver

In partnership with Ledcor Property Investments, Telus Living — the real estate development arm of the telecommunications giant — has submitted a rezoning application to redevelop 354-380 East 10th Ave., in Vancouver as 230 housing units.

Paradise, Nfld. developer enters creditor protection

The owner of a long-standing Paradise home-building company is turning to the courts to save his business, amid what he calls "aggressive" lenders, rising costs, troubles due to the pandemic and the Newfoundland and Labrador government.

Toronto's newest T&T Supermarket is opening this week

Canada's Asian grocery chain T&T Supermarket is about to open its latest location in downtown Toronto. The grocery store is set to take over an enormous 31,000-square-foot commercial space near the intersection of Yonge and Dundas.

Michael Kors closes downtown Montreal flagship

Michael Kors has closed its flagship store at 1133 Ste-Catherine St. W. in Montreal. Opened in November 2019, the three-level, 9,000-square-foot store was the largest Michael Kors location in Canada and a landmark for the brand globally.

Reocito Capital to combine with Peninsula Capital

Reocito Capital has entered into a business combination agreement with Toronto-based Peninsula Capital that will result in a reverse takeover. Peninsula has over 1,100 rental units in the Buffalo, Rochester and Cleveland areas and assets over US$130 million.

Ivanhoé Cambridge refinances 3 Bryant Park for over $1.1B

Caisse de dépôt et placement du Québec subsidiary Ivanhoé Cambridge has secured a new CMBS loan for more than US$1.1B for 3 Bryant Park, a 1.2-million-square-foot office property in Manhattan that is 97.2 per cent leased.

Banks return to the CRE table with more lending appetite

Banks are back in the CRE game after sitting on the sidelines for the past two years. The number of banks reporting tighter loan conditions was almost at zero, according the Federal Reserve’s latest survey of senior loan officers. 

Aldi plans 225 stores in U.S. amid affordable groceries demand

Supermarket chain Aldi plans to open more than 225 stores in 2025, marking its largest single-year expansion within the United States. Expansion will occur through organic growth and the conversion of select Winn-Dixie and Harveys locations, the company said.

Why London needs 15 new Walkie Talkies

Companies who need new offices are starting their searches up to four years before their current leases expire. By 2028, Knight Frank is forecasting a shortfall in London offices of 10.3-million square feet of new space.

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