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Rentsync buys Spacelist, expands to include CRE listings

1 day ago

Rentsync buys Spacelist, expands to include CRE listings

Rentsync has been one of Canada's go-to sites for those looking to rent or list a residential property online. The marketing and advertising software firm is now expanding its offerings into commercial real estate with the acquisition of Spacelist.

CPP Investments forges $3B JV with Dream Industrial

UPDATED: CPP Investments is forging a JV to acquire $3 billion in Canadian last-mile industrial properties with Dream Industrial REIT (DIR-UN-T) and Dream Asset Management Corp. It will be seeded with an $805M portfolio.

European partners to build four data centres in Alberta

Data District and its partner, Portugal-based Technologies New Energy plc, have agreed to build four data centres in Alberta for more than $1.2 billion, starting with two projects over the next two years in small towns.

The Colabor Group is nearing bankruptcy

Shares in the Colabor Group fell drastically this week after the food distributor announced it was considering seeking creditor protection. Its debt has exploded largely due to the cyberattack in July that cost it $8 million in revenue.

Canopy Growth to buy MTL Cannabis, deal valued at $125M

Canopy Growth Corp. has signed a deal to buy Quebec-based MTL Cannabis Corp. in a transaction valued at about $125 million. The deal is expected to help boost Canopy Growth’s position in Canada’s medical cannabis market.

WSP raises $732-million to finance TRC takeover

WSP Global Inc. attracted strong institutional investor support for its proposed US$3.3-billion takeover of U.S. rival TRC Companies, quickly selling $732-million of stock to pay for the transaction, WSP’s third major takeover in two years.

Receivership sale looms for Calgary's Stephen Avenue Place

After being placed under receivership for the second time in two years, the Stephen Avenue Place mixed-use complex in downtown Calgary is now officially set to go through the sales process, according to court filings.

New shopping plaza in the works for north Calgary

Building permits have just been issued for the Livingston Commercial Centre, a new development in Calgary that will offer over 100,000 sq. ft. of retail space comprised of nine commercial retail units, according to Elan Construction.

Landmark towers to create gateway for Surrey City Centre

Surrey council has approved a landmark northern gateway into Surrey City Centre, with two architecturally striking highrise towers at 108th Avenue and King George Boulevard, currently the location of low-rise commercial structures and vacant parcels.

Vancouver gas station redevelopment proposes new rental

Local developer Elevate has submitted a rezoning application for 6525-6575 Oak St. calling for an 18-storey mixed-use tower, which is above the municipal government’s Cambie Corridor Plan’s prescription of a height of up to 12 storeys.

UBC team creating provincewide public land inventory

A new digital map is being developed at the University of British Columbia (UBC) to quantify how much public land exists in cities and towns across B.C., and assess their suitability for affordable housing. 

Kirk LaPointe: New stadium era knocks on Vancouver's door

There are way more questions than answers - like, way, way more. But Thursday’s sign of seriousness by the City of Vancouver that footie (and football) need a new purpose-built stadium comes at a critical time for professional franchises.

The investments of recent years have paid off for ski resorts

Investments made in Quebec ski resorts appear to have paid off. According to the Economic and Financial Study of Quebec Ski Resorts, the 2024-2025 season generated revenues of $425 million, up six per cent year-over-year. 

Playdium to open largest location at Vaughan Mills in 2026

Cineplex plans to open its newest Playdium location at Vaughan Mills, north of Toronto, with construction already underway, in summer 2026. It is the fifth Playdium location in Canada and the largest in the brand’s portfolio to date.

Mastermind Toys to expand through franchised stores: post

Mastermind Toys is about to move into the franchise business. A consulting company said over the weekend it’s been hired by the Canadian toy shop chain to “prepare the business for franchising.”

Sucro ships old Hamilton sugar plant to Caribbean

Sugar processing company Sucro, which has been operating at the Hamilton Harbour lands since 2019, says it will dismantle and ship its older sugar plant to Guyana, where it will become the largest refinery in the Caribbean.

Calgary's Mini Mall Storage acquires 23-site U.S. portfolio

Mini Mall Storage Properties announced the acquisition of a 23-property self-storage portfolio that marks Mini Mall’s entry into several strategically important U.S. markets. The portfolio is comprised of class-A and B-plus facilities.

Industrial outdoor storage 'surprisingly resilient'

A freight recession, dizzying tariff and trade policies, and a plunge in commercial construction could have shaken the fragmented industrial outdoor storage sector. Instead, it has shown countercyclical strength with intensifying demand from tenants and investors for IOS properties.

Office attendance metrics set new post pandemic record

The return-to-office movement still hasn’t brought workplace attendance back to prepandemic levels. Average office visits per working day last month were 32.9% lower than November 2019 levels, according Placer.ai, the closest the two metrics have been since early 2020.

Gary Barnett Is chasing cash flow over condos

Gary Barnett has already established his legacy as one of NYC's top luxury condo developers. Now, with a plethora of discounted sites and a subdued condo market, the man who redefined building for the ultra-wealthy is entering a new era.

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