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Immostar names co-presidents to lead $1B Quebec CRE portfolio
Immostar names co-presidents of $1B Quebec portfolio
François Pelchat and Kevin Lachance have been tapped as co-presidents of Immostar, taking the reins of the Quebec City real estate development firm founded 25 years ago by André Pelchat, who remains as chair of the board and strategic advisor.
Wittington, Fairfax to acquire Boots pharmacies for $12.7B
UPDATED: Wittington Investments, a Toronto-based investment company owned by the Weston family, will acquire The Boots Group in the U.K. and its associated businesses for $12.7 billion from majority owner Sycamore Partners, in partnership with Stefano Pessina and family.
Optima Living, partners acquire 5 seniors homes for $300M
Optima Living, one of Axium Infrastructure’s managed funds and the Desjardins Global Asset Management-managed DGAM Global Private Infrastructure Fund have acquired five seniors living and continuing care communities in Alberta from The Brenda Strafford Foundation for around $300 million.
$1.54B Black Bear Ridge project advances in Belleville
A proposed $1.54 billion plan to create a 370-hectare mixed-use resort, hotel and residential complex at Black Bear Ridge Golf Course in Belleville, Ont., took another step toward reality on Monday.
Major data centre proposed for northeast Edmonton
Stantec Consulting Ltd. has submitted an application to the City of Edmonton that would make it possible to develop data centres, and the power generation needed to support them, in part of the Edmonton Energy and Technology Park.
Bell looks to finalize purchase of more land for data centre
Bell Canada is planning to buy an additional 895 acres as it looks to quadruple the size of its AI data centre being constructed outside Regina. The land in question surrounds the initial 160 acres Bell already purchased.
 | AEEA - Retrofit Vendor Network Before it failsAbout 80 per cent of Alberta's large commercial buildings predate 1990. Edmonton's Broadway Learning Centre's envelope retrofit shows why owners choose proactive, whole-system upgrades over reactive repairs—cutting rework, water ingress, and costs. See how Wade Consulting did it. Sponsored by: AEEA - Retrofit Vendor Network |
Vancouver office construction sees lowest level in 15 years
Metro Vancouver’s office construction pipeline declined to 1.12 million square feet in the third quarter, the lowest level since 2011, according to new research from commercial real estate firm Cushman & Wakefield.
Real estate is the sleeper value when selling a business
Most business owners think they are selling a business. They are often selling real estate. The distinction matters more now than it has in years, and the failure to recognize it is creating a gap between buyer and seller expectations.
2/3 of GTA condos sold for under $600K In September
Of the 1,316 condominium apartments sold across the GTA in September, 893 sold for less than $600,000. Nearly half, 594 units, sold below $500,000. That puts 67.9 per cent of condo sales below $600,000.
Calgary retail investment hits $522M in H1 2026
Retail investment value was up in Calgary in the first half of 2026, led by Primaris REIT's $154 million Northland Village Mall sale to GWL Realty Advisors, says the Greater Calgary investment report H1 2026 by Avison Young.
SmartCentres REIT announces $450M debenture issuance
SmartCentres REIT (SRU-UN-T) has priced an offering of $300 million aggregate principal amount of 4.795 per cent Series AE senior unsecured debentures and an additional $150 million aggregate principal amount of its existing Series AC senior unsecured debentures.
PSP Investments sells Sunrise Senior Living in $1B deal
BDT & MSD Partners is taking over a majority stake in Sunrise Senior Living, the fifth-largest player in the U.S. sector with more than 230 communities in the U.S. and Canada. The seller is Canada’s Public Sector Pension Investment Board.
Non-proprietary mass-timber system aims to boost housing
Perkins&Will is leading a study for a non-proprietary prefabricated modular mass-timber system for scalable deployment. The study team is offering a delivery model that can close the housing supply gap, strengthen the domestic manufacturing industry and reduce embodied carbon.
Tishman buys control of Chrysler Building for $235M
Developer Tishman Speyer purchased control of Manhattan’s iconic Chrysler Building in a US$235 million deal, ending years of uncertainty for the landmark skyscraper. Tishman said it plans to revamp and upgrade the art deco building.
Activist investor buys stake in Empire State Building owner
Activist investor Bruce Schanzer's Erez Asset Management has acquired a 5.8 per cent stake in ESRT, which owns the Empire State Building as well as a handful of office, retail and multifamily properties in Manhattan and Brooklyn.
Industry Events
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Ottawa Real Estate Forum
Oct 20 2026
Rogers Centre, Ottawa -
Greenbuild International Conference & Expo
Oct 20 2026
to Oct 23 2026
Javits Center, NY -
Calgary Real Estate Forum
Oct 22 2026
BMO Centre Expansion, Stampede Grounds -
Global Property Market
Dec 01 2026
Fairmont Royal York -
Real Estate Forum
Dec 02 2026
to Dec 03 2026
Metro Toronto Convention Centre, South
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