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New investor group buys 3 Calgary rental properties for $87.5M
New investor group buys 3 Calgary rental assets for $87.5M
The former president of Boardwalk REIT and current CEO of Nexus Industrial REIT are among a group of investors who will spend the equivalent of $87.5M in cash and shares to purchase three class-A multifamily properties in Calgary.
Couche-Tard scion bets on Quebec's robust property market
The son of Alimentation Couche-Tard co-founder Richard Fortin is betting on real estate markets to diversify the family’s retail fortunes. Eric Fortin, president of Kastello Immobilier, is looking to expand the firm’s real estate holdings to more areas of Quebec.
Frustrated developers create Taxopoly: A game you CANT win
The Coalition Against New Home Taxes (CANT) has launched a campaign, featuring the unwinnable home ownership game Taxopoly, to alert the public housing affordability woes wouldn’t be so dire if taxes weren’t so excessive.
InterRent, Crestpoint buy Montreal's Alba apts. for $107M
InterRent REIT and Crestpoint Real Estate Investments have acquired Alba, a 248-unit apartment building at 170 Rene-Levesque Blvd. E. in downtown Montreal, for $107 million from developer Mondev and Hillpark Capital.
Equiton looks to expand multifamily portfolio in Canada
Private equity real estate firm Equiton is poised for growth in Canada’s real estate sector as it expands its multifamily portfolio under the Equiton Residential Income Fund Trust (The Apartment Fund), bolstered by recent interest rate cuts.
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Canada's auto industry 'on the ballot' in today's U.S. election
As voters decide who will take over the White House, there's a feeling the person who becomes U.S. president will bring in policies that could shift Canada's role in the automotive industry.
"Chunk" of developers choosing U.S. over B.C. due to costs
Stakeholders are sounding the alarm on the future of real estate in B.C. as they say the costs are not outweighing the risks for developers right now, leading many to choose the U.S. or Alberta for their major projects.
Marcon cancels Vancouver condos, pivots to 29-storey hotel
Langley-based real estate developer Marcon has cancelled its planned 10-storey luxury condo project in the West End of Vancouver and is instead pivoting to hotel, according to a rezoning application published by the City of Vancouver on Monday.
London office-to-housing conversion project to receive $3.3M
London will commit $3.3M to a project to convert an underutilized downtown office building into residential units. Sifton Properties, Homes Unlimited, the Anglican Diocese of Huron and St. Paul's Cathedral plan to turn 195 Dufferin Ave. into 94 units.
Bayview Village resubmission more than doubles height
Originally proposed as a 10-storey mid-rise, a recent resubmission from the development team of Towncorp Investments, Cranson Capital and Plaza for 23 Greenbriar Rd. in North York's Bayview Village area has more than doubled to 25 storeys.
N.B. research hub honours past, present and future
A new next-gen science research hub in Moncton isn’t just setting the stage for groundbreaking discoveries – it’s leading the charge on net-zero design and rebuilding relationships. Once complete in 2031, it will be one of five such hubs in Canada.
Circle K plots upstate N.Y. expansion amid 7-Eleven buyout
Circle K, the convenience store chain whose parent company is trying to acquire 7-Eleven, will more than double its store count in upstate New York to 70 locations starting next year.
Fengate closes on two U.S. healthcare facilities
Fengate Asset Management has closed on the acquisition of two operating inpatient rehabilitation facilities in Georgetown, Del. and Tavares, Fla. The acquisition brings the firm’s social infrastructure portfolio to 45 assets and total beds to more than 4,900.
‘Everyone’s tired’: CRE readies for vote, and whatever comes next
It's Election Day, the culmination of the most expensive presidential campaign in history and, per polling data, one of the closest. With over $10B spent on campaign ads deluging an increasingly polarized country, the race has been inescapable.
Peakstone seals $490M portfolio acquisition
Peakstone Realty Trust has acquired a 51-asset industrial outdoor storage portfolio across 14 states in an off-market transaction valued at US$490 million. Alterra IOS and institutional investors advised by J.P. Morgan Asset Management sold the portfolio.
Industrial sector longs for 'boost of confidence' amid high vacancies
The formerly full-speed-ahead U.S. industrial market is struggling to hit its stride this year. Industrial building tenants are taking longer to sign leases. Vacancy rates are climbing. The industrial development pipeline is at a seven-year low.
HSBC already fears new downsized London HQ will prove too small
HSBC Holdings is still two years away from a planned move to a smaller City of London headquarters, but executives are already concerned the space won’t be big enough and are considering taking up more even before relocating.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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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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