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H&R REIT remains focused on repositioning strategy
H&R REIT remains focused on repositioning strategy
H&R REIT continues to execute its plan to become a more simplified growth and income-oriented REIT focused on residential and industrial properties. H&R executives provided a progress report in a Feb. 13 conference call for investors and analysts.
Vancouver's Top-10 CRE transactions of 2024
Four major office transactions, a slowdown in residential development land sales and the amount of distress that entered into the market were the most significant themes in Vancouver's commercial real estate investment sector during 2024.
Tariff threats are already driving investment out of Canada
Whether U.S. President Donald Trump goes ahead with the tariffs or not, or whether he carves out specific exemptions, the threat alone could drive investment out of Canada and into the U.S.
Bosa family reflects on three decades in business
The family which presides over one of the most successful development companies in Canada — one that has built over 10,000 homes and has 5.5 million square feet of commercial space under management — received a founders' award from the Fraser Institute.
Proptech firms hit ‘reset’ as real-estate industry struggles
Canadian proptech startups faced a tough funding year in 2024, collectively raising about $300-million in venture capital – 62.5 per cent lower than the $800-million committed in both 2023 and 2022, respectively.
2025 won’t see an industrial building peak like 2024: JLL
With a record number of completions by year’s end and continuing stable asking rents, industrial building construction in southwestern Ontario in 2024 was extremely brisk, says JLL Canada in its fourth quarter industrial report for the region.
 | City of Calgary Calgary’s downtown strategy yielding big resultsCalgary’s strategy to future-proof its downtown includes financial incentive programs that are already transforming aging office space into residential and other active uses. The city’s current pipeline includes 11 office conversion projects removing 1.57 million square feet of office space. Sponsored by: City of Calgary |
Housing starts up 3%, but trade risks add uncertainty
Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December, helped by strength in multi-unit starts in Quebec and B.C.
Construction begins on 15-storey project in Mirabel
Builder Ray Junior Courtemanche has started construction on the next phase of the SKYBLÜ 3 Urban Condos project. This new 15-story tower will stand as the third tallest in Cité Mirabel.
Cantiro moves into the Calgary market
Edmonton-based Cantiro has announced it’s venturing into the Calgary marketplace, parlaying its expertise into multifamily development and bringing on Chris Johnstone as director of multifamily to lead a portfolio of developments across Western Canada.
Settlement offer increases T.O. tower to 19 storeys
A settlement offer for a contested proposal in Toronto’s High Park area has been accepted by city council. Developers Old Stonehenge Development and Clifton Blake Group initially proposed a 17-storey building which was refused by the city.
Killam's Halifax apartments bring in record NOI increase
Halifax-based landlord Killam Apartment REIT reported its largest increase in net operating income in Halifax in the last five years, according to its 2024 year-end financial report. Killam owns 5,600 apartments in Halifax and more than 18,000 across Canada.
Burnaby's old Brentwood Mall will soon be closing
The days of the old Brentwood Town Centre Mall in Burnaby are numbered. Development company Shape Properties confirmed that the “interior centre” of the old indoor mall is expected to close in late spring.
Liberty Entertainment Group moves into Union Station
Liberty Entertainment Group started 39 years ago with a sports bar near Maple Leaf Gardens. Today, the company operates 11 venues totalling half a million square feet, from Casa Loma to the Liberty Grand — with four more projects in development.
Primaris REIT reports strong year, expands portfolio
Primaris Real Estate Investment Trust (PMZ-UN-T) has announced robust financial and operational results for the fourth quarter and full year ended Dec. 31, reinforcing its position as a dominant player in Canada’s retail real estate sector.
RBI buys out partners’ stakes in Burger King China for $224M
Restaurant Brands International (QSR-T) has bought its partners’ stakes in Burger King China for US$158M (C$224M) and is seeking a new local partner. Burger King China has grown from 60 restaurants in 2012 to 1,500 today.
Flush with cash, Blackstone Mortgage targets retail investments
Thanks to a rash of loan payoffs, Blackstone Mortgage Trust is looking to invest its cash reserves in traditionally low-risk retail properties. The commercial lender is targeting net-lease properties with tenants paying insurance and other costs in addition to rent.
Jane Street takes more office space at NYC’s Brookfield Place
Jane Street Group is nearly doubling its offices at lower Manhattan’s Brookfield Place. The firm has renewed its lease at 250 Vesey St. and added to its space there, bringing its total occupancy to nearly one-million square feet.
Saks Global shutters Dallas headquarters of Neiman Marcus
Saks Global has closed the Dallas corporate headquarters of Neiman Marcus in a cost-saving move, but landlord NexPoint said it doesn’t “believe” the lease on the three-storey building can be terminated.
U.K. landlord Assura rejects KKR’s $2-billion takeover bid
The board of health-care landlord Assura Plc has rejected a US$2-billion takeover offer by funds managed by KKR & Co., causing its shares to jump the most in 15 years.
Industry Events
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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CBRE Capital Lenders' Forum 2025
Feb 25 2025
Metro Toronto Convention Centre
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Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
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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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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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