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Panda Mart enters Canada with big box store lease in Toronto

2 weeks ago

Panda Mart enters Canada with big box store lease in Toronto

A new international competitor is about to enter the Canadian discount retail market, with the announcement Monday from Avison Young that Panda Mart has leased a vacant 120,000-square-foot big box store along Toronto’s Golden Mile.

Forum Make Space raises $54M for new self-storage fund

Forum and Make Space announced in late August their shared business has completed a capital raise of about $54 million to expand its self-storage footprint in Ontario and other markets in Canada.

Toronto skyscrapers reach new, towering heights

Amid Toronto’s forest of skyscrapers, developers are erecting a new generation of ‘supertall’ buildings, which top out at 300-plus metres. The trend comes amid pricey Toronto land values, and as larger pockets of development land prove difficult to find.

Calgary struggles with highest office vacancy rate

Even before the rise of remote work, Calgary’s commercial district was suffering the effects of an oil price collapse that began in 2014 and hollowed out office towers. Over a decade later, the city has still not recovered.

Canada protects banks from fraud. Why not investors?

Bridging Finance Inc. was once one of Canada’s largest private lenders, managing more than $2 billion for more than 26,000 investors – many of them everyday Canadians. In 2024, the couple who ran the firm were found guilty of fraud.

The end of fragmented real estate: Why integration wins

Nick Dauphinee discusses the transitions from fragmented real estate models toward collective strategies that may improve efficiency and outcomes for occupiers.

Sponsored by: Colliers Canada Brokerage

RIU Hotels debuts in Canada with Riu Plaza Toronto

RIU Hotels & Resorts has launched its first Canadian property with the opening of the Riu Plaza Toronto. This new hotel, featuring 352 rooms, is situated in the city's Entertainment District.

Chapman's $200M plan to redevelop Ontario facility

Last week, Canadian ice cream company Chapman’s announced it would expand its operations and build a new facility in the small town of Markdale, a project worth roughly $200 million.

Black Diamond Group buying Royal Camp Services for $165M

Workforce housing company Black Diamond Group Ltd. has signed a deal to buy Royal Camp Services Ltd. for $165 million. Royal Camp offers remote accommodation and catering in Western Canada.

A housing 'drought' is coming, Toronto homebuilders warn

Toronto’s homebuilders’ association is warning of a looming housing “drought” as sales of new homes remained stagnant last month – especially condos, with only 118 units selling regionwide. Just 300 new homes of any kind sold across the GTA in August.

Bloor-Kipling TOC moving ahead of schedule

Construction of a new transit-oriented community at Bloor-Kipling is three months ahead of schedule. Developed by Kilmer-Tricon, the 5207 Dundas St. W. build, also known as The Stella, includes five rental housing developments and approximately 2,700 residential homes.

Port Moody backs Coronation Park development changes

Port Moody council has approved a substantial amendment for Wesgroup's Coronation Park development, trading an office building for hundreds of rental homes, a quarter of which are below market.

Public meeting for proposed new Danby HQ in Guelph

Residents will have the chance to share their thoughts on a controversial $100 million consolidated headquarters proposed by Danby Canada and a partner Canadian company later this year. 

Construction plastic waste is 'under-reported'

The use of plastics in the Canadian construction sector is under-reported and under-managed, according to a study by non-profit Light House, with room for improvement in both data collection and waste diversion. 

Parkland, Sunoco clear key U.S. hurdle for acquisition

Parkland Corp. and Sunoco LP say they have cleared a key U.S. antitrust hurdle in a US$9.1-billion deal that would see the U.S. fuel distribution giant buy the Calgary-based refiner and retailer. 

CPP, KKR to buy $10B stake in Sempra’s infrastructure arm

Sempra agreed to sell a 45 per cent equity stake in its infrastructure arm to affiliates of KKR and Canada Pension Plan Investments for US$10 billion, a deal that will boost the percentage of its earnings from regulated utilities.

Nvidia to Invest $100 billion in OpenAI for data centres

Nvidia Corp. will invest as much as US$100 billion in OpenAI to support building of new data centres and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools.

Lodging REITs face subdued growth as group, luxury remain resilient

U.S. lodging/resort REITs were a top performer in August, but negative returns year-to-date reflect the sluggish overall demand backdrop facing the sector. Yet analysts stress that the picture is nuanced. 

RealPage strikes its first deal with a state over its rent-pricing algorithm

RealPage has reached a first-of-its-kind settlement with the state of Nevada over allegations that the company’s software helps landlords collude to set rents. If approved, it would be the first agreement between RealPage and a state government over the software.

Empire State building owner's real estate leader heads for the exit

One of New York City's most prominent property owners is shaking up its real estate leadership. Thomas Durels, the longtime executive vice president of real estate for Empire State Realty Trust, has begun transitioning out of his role.

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