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Melcor increases offer to take Melcor REIT private
Melcor increases offer to take Melcor REIT private
Melcor Developments (MRD-T) has increased its offering for Melcor REIT (MR-UN-T) shares by 11 per cent, to $5.50 per unit, as it continues efforts to take the trust private in the face of criticism from a minority shareholder group.
Couche-Tard not giving up takeover bid for 7-Eleven owner
Canadian convenience store giant Alimentation Couche-Tard (ATD-T) says it’s pushing on with its effort to take over Japanese rival Seven & i Holdings Co., seemingly undeterred by a competing offer from a member of Seven’s founding Ito family.
Housing sales trends in Canada's six largest urban areas
The pace of housing transactions across Canada is accelerating, but costs and the types of homes being sold vary widely. We offer market snapshots from October housing data in Toronto, Montreal, Vancouver, Calgary, Edmonton and Ottawa.
CBRE, Brookfield expand office management venture
CBRE and Brookfield Properties have expanded their Brookfield Properties Operated by CBRE strategic partnership from the United States into Canada. The two global real estate businesses will deliver the property management services across the majority of Brookfield’s Canadian office portfolio.
Starlight, BGO JV acquires new, GTA apartment building
UPDATED WITH BGO partnership details: Starlight Investments and BGO have acquired a newly constructed, 227-suite apartment building in the Greater Toronto Area (GTA) city of Pickering, expanding an existing joint venture valued at over $600 million.
 | Trez Capital A call for swift and flexible capital solutions for 2025’s Canadian CRE marketWith 2025 on the horizon, the Canadian commercial real estate investment market presents a unique blend of challenges and opportunities for the year ahead. Sponsored by: Trez Capital |
KingSett proposes 68-storey tower on Yonge Street
A 68-storey mixed-use tower has been proposed for Yonge Street by KingSett Capital. The 860-unit build would be located at the northwest corner of Yonge and Breadalbane streets, near four major transit stations.
Nearly 300 rentals proposed near Vancouver General Hospital
PC Urban Properties believes its latest secured purpose-built rental housing project within the City of Vancouver’s Broadway Plan could be suitable for many people who work in the nearby medical precinct anchored by Vancouver General Hospital and BC Cancer.
Niagara power station to be redeveloped as five-star hotel
The Ontario government has approved the Niagara Parks Commission to go ahead and redevelop the Toronto Power Generating Station into a $200-million five-star boutique hotel near the brink of Niagara Falls.
NexPoint Hospitality to merge with NexPoint Diversified
NexPoint Hospitality Trust (NHT-U-X) and NexPoint Diversified Real Estate Trust (NXDT-N) have announced that Toronto-based NexPoint Hospitality Trust will be dissolved and its subsidiary entities merged with Dallas-based NexPoint Diversified Real Estate Trust.
Walmart axing property controls amid federal scrutiny
Walmart Canada says it’s getting rid of property controls relating to retail competition across the country. The move comes as Canada’s competition watchdog is investigating the use of the restrictive real estate covenants.
Industrial, retail poised for growth in Vancouver: Colliers
After a period of muted transactions, Vancouver’s commercial real estate market is positioned for future growth, particularly in the industrial and retail sub-sectors, according to Colliers International Group. Global commercial real estate is rebounding, Colliers said in a recent report.
Toronto's CF Sherway Gardens revamps for the holidays
CF Sherway Gardens is enhancing its appeal to a broader audience with major updates. That includes a $4.5M investment in infrastructure upgrades, the addition of new retailers and the arrival of interactive exhibits from the Ontario Science Centre.
Commercial owners should pay attention to notices of interest
OPINION - Imagine a scenario where your tenant undertook an improvement of your commercially leased space without your knowledge. Now the tenant is in a dispute with its contractor and the contractor has filed a lien under the Builders Lien Act.
It's time for a serious debate about rent control in Canada
OPINION: With high rents making headlines every week, we would expect a lively debate on the most direct way to curb the problem: rent control. Only five provinces control rent increases, with regulations full of exemptions and loopholes.
ERES updates major European transactions
European Residential Real Estate Investment Trust (ERE-UN-T) has announced an update on the expected closing of its previously disclosed strategic dispositions, and timing of its anticipated special distribution and distribution reduction announced on Sept. 16.
Intel to sell 150-acre property as it finalizes $8B factories grant
Even as it closes in on billions in U.S. government deals, Intel is reducing its property holdings, announcing it intends to sell a 150-acre California campus and consolidate other locations to cut expenses amid sluggish sales.
Blackstone to buy $8B majority stake in Jersey Mike’s
Blackstone (BX-N) still has a hearty appetite for investing in restaurant chains as it looks to buy a majority stake in Jersey Mike's Subs for US$8 billion — marking the latest deal by a private-equity firm supercharging bricks-and-mortar expansion.
Office Properties Income Trust gets lifeline on $340M in debt
Office Properties Income Trust, a Massachusetts-based REIT with a nearly 20M-sq.-ft. portfolio, has reached a deal to refinance US$340M of debt that had threatened to push the firm into bankruptcy.
Morgan Stanley to sell NYC office condo to SL Green
SL Green Realty is in contract to purchase the office portion of Manhattan’s 500 Park Ave., the former headquarters of PepsiCo Inc., from Morgan Stanley. SL Green agreed to buy the 11-story office condo for roughly $130 million.
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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