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BGO signs CC&L to 82,000-sq.-ft. lease in Vancouver's B6 tower
BGO signs CC&L to 82,000-sq.-ft. lease in Vancouver
Connor, Clark, and Lunn Financial Group (CC&L) will be moving its downtown Vancouver office to BGO's new 32-storey B6 tower. The 82,000-square-foot lease represents one of the city's largest deals in 2024.
Refined Broadway Plan primes Vancouver for transformation
GUEST SUBMISSION: After two nights and a marathon public hearing in which 139 speakers registered to voice their opinion, on Dec. 12 the City of Vancouver approved a number of amendments to the two-and-a-half-year-old Broadway Plan.
What to expect from Canadian commercial real estate in 2025
The 2025 forecast for Canadian commercial real estate is the brightest it’s been since the pandemic, with transactions expected to rebound and more companies looking to grow their office space.
Soneil buys 7 GTA industrial buildings for over $100M
Soneil Investments has acquired Millcreek Business Centre, comprised of seven industrial buildings in Mississauga and totalling 324,362 square feet on 20 acres of land, for more than $100 million from GWL Realty Advisors.
$2.2B plan approved for Place Versailles redevelopment
After hearing from residents and other stakeholders, Montreal’s public-consultation office has given its approval to the extensive redevelopment at Place Versailles. The $2.2-billion mixed-use project was unveiled by the shopping centre’s owners this summer.
Montreal to buy 30 apartment buildings for affordable housing
Montreal is planning to acquire roughly 30 apartment buildings in Côte-des-Neiges–Notre-Dame-de-Grâce. The more than 700 housing units are expected to cost $103 million. The project will be managed by Montreal’s municipal housing office.
323 properties connected to insolvent landlords to be sold
The real estate empire built by a group of insolvent, out-of-town landlords linked to SID Developments is now in the process of being sold off as the result of ongoing insolvency proceedings.
Canada's rent growth slows — especially in Toronto
It has been a year of moderation for Canada’s rental market as price growth slowed in most large urban centres. While rising vacancy rates and increased supply offered some relief for tenants, regional disparities continued to define the market.
Gordon Brothers boosts Toys"R"Us Canada with $120M
Toys"R"Us Canada has secured a significant boost to its operations through a $120 million financing package from global asset experts Gordon Brothers. This financing will help the specialty toy retailer’s ongoing borrowing needs and broader operational strategy.
Seven & i plans to open 500 new stores in U.S., Canada
Japan’s Seven & i Holdings plans to open 500 convenience stores in the United States and Canada through 2027. Seven & i’s founding Ito family made an offer, estimated at $58 billion, last month to take the company private.
KFC set to expand in major urban centres, Quebec
KFC Canada is introducing a new store concept, bringing existing locations up to date, introducing more technology to the front and back ends of the restaurant and expanding its presence in urban centres, especially in Quebec, its new president said.
Hard Rock Hotel nears opening in London's Kellogg's Lane
London’s Hard Rock Hotel is in the final stage of construction, a 164-room upscale development that will push the total investment into 100 Kellogg Lane to more than $100 million.
Landlords named in rent-fixing lawsuit dispute using software
A new proposed class-action lawsuit alleges multiple landlords and property managers “conspired” to control rents across Canada using an algorithmic software called YieldStar. Several companies named in the proposed suit dispute their use of the controversial software.
OSFI maintains capital reserve levels for largest banks
Canada’s banking regulator has maintained the capital cushion that the largest banks must hold, signalling they have enough cash to weather a tougher economy. The domestic stability buffer will remain at 3.5 per cent.
Lion Electric defaults on debts, to seek creditor protection
The Lion Electric Company (LEV-T) has announced it expects to seek creditor protection after its credit and loan facilities expired, leading the electric vehicle manufacturer to discuss restructuring and a formal sales and investment process.
New refrigerant restrictions set for 2025
An international agreement to phase out hydrofluorocarbons with high global warming potential ironically poses some complications for Canadian building owners contemplating the replacement of gas-fired boilers. Industry insiders warn regulators in Canada and the U.S. are out of sync.
Taconic exits commercial real estate, unit head to join Axonic
Taconic Capital Advisors is winding down its commercial real estate operation and is in advanced talks to sell one of the unit’s funds to Axonic Capital, according to people familiar with the matter.
Deutsche Bank pays $237M for Essex Crossing office and retail condo
A partnership led by Taconic Partners has sold off the office and retail components of 180 Broome St. and 202 Broome St., two key parts of the mixed-use megaproject Essex Crossing on Manhattan's Lower East Side.
Nuveen, GSA snap up $567M portfolio of student housing in France
Two of the world’s largest real estate investors partnered to buy a US$567-million portfolio of student housing across France from Gecina, as demand for the space continues to swell among major asset managers.
Adapting retail real estate to new consumer demands
As consumer expectations evolve, so must the strategies employed by retailers to remain relevant and competitive. By understanding this evolution and tracking which brands are keeping up with the rapid pace of change, CRE investors can better evaluate potential risk.
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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