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Flagship targets apartments for development management services
Flagship targets apartments for development mgmt. services
Flagship Development Group, a new full-service development manager and advisory firm, is involved with a major project and has submitted an application to the City of Toronto for Cando Apartments to develop a 1,350-unit residential rental complex in Scarborough.
eStruxture secures $1.35B in debt financing
Canada’s largest homegrown data-centre builder has nearly doubled its borrowing capacity and scored an investment-grade credit rating for its first public debt offerings. Montreal-based eStruxture Data Centers announced yesterday its borrowing capacity has grown to $1.35-billion.
Vancouver school board owns 223 properties worth $9.5B
While Vancouver school board trustees are elected to oversee student education, they are also responsible for the district’s massive real estate portfolio — which is worth billions of dollars, Postmedia research has found.
Harrison Street acquires majority stake in RoundShield
Harrison Street, the investment management division of Colliers (CIGI-T), has acquired a majority stake in RoundShield Partners, a leading European credit investment manager with US$5.4 billion in assets under management. Financial terms of the transaction were not disclosed.
Specsavers to open 111 locations in Loblaw grocery stores
Specsavers Canada Inc. and Loblaw Companies Limited announced Wednesday a transformative relationship that will see 111 new Specsavers locations open within Loblaw locations across Canada to replace the Theodore & Pringle brand, which will cease operations.
Loblaw distribution centre to feature rooftop solar system
Loblaw Companies Ltd. (L-T) plans to install an approximately 435,000-square-foot rooftop solar system at its East Gwillimbury Distribution Centre in Ontario, which it claims will be the largest of its kind in the country upon completion.
HBC asks court to force landlords to let Liu take over leases
Hudson’s Bay has solidified its faith in a controversial deal to sell leases to B.C. billionaire Ruby Liu by asking a court to force landlords critical of her to let her move in.
Demand for experience drives most new store openings: JLL
Shoppers continue to prioritize experience even in the face of macroeconomic uncertainty − dining, entertainment and fitness & wellness services comprised 51 per cent of new-store announcements this year, according to a new retail report from JLL.
B.C. developers press for easing of foreign investment laws
Major players in B.C.’s housing industry are calling on federal and provincial governments to loosen restrictions on foreign investment in Canadian homes to avoid a crash they say will deepen the country’s housing crisis.
Truman, Marriott highrises to offer hotel comforts in Calgary
Operated by Marriott International, Truman’s 69- and 62-storey towers are planned to include more than 400 premium hotel suites and 360 luxury residential units tied to the hotel’s brand. The project adds to Calgary’s multifamily building frenzy.
Brightstone's project aims to keep Oakville residents at home
Kerr Village Towns is the first Oakville, Ont., project for Brightstone Developments, which has designed the community as a "missing middle" product so enticing it will keep locals of all ages and family statuses in the town.
Toronto’s ‘renoviction’ bylaw takes effect tomorrow
The incoming Rental Renovation Licence Bylaw is not meant to stop evictions for renovations altogether, but to discourage landlords from misrepresenting the need to evict tenants over extensive renovations in order to get new, higher-paying tenants to move in.
Calgary plans industrial development incentive program
Plans for an industrial development incentive program point to Calgary’s ongoing efforts to right-size its property mix as Alberta’s economy continues to reposition a decade after oil prices dropped in 2014.
Portfolio of seven Kal Tire locations sold
Strong brand recognition and covenants underpinned the recent sale of a portfolio of seven Kal Tire locations across southern B.C. The seven stores, with a gross leaseable area of approximately 50,000 square feet, sold just short of $9.28M.
Bank of Canada holds interest rate to 2.75%
For the third time in a row, the Bank of Canada held the overnight interest rate at 2.75 per cent, a sign of economic stability for prospective homebuyers that may also disappoint developers and the construction sector.
$2B Midtown Manhattan office project goes vertical
BXP has began the vertical construction of 343 Madison Ave., a 930,000-square-foot office tower in Midtown Manhattan. The 46-storey development, with an estimated cost of US$2B, is scheduled for completion in late 2029.
JBG Smith to buy more distressed office in 'deliberate pivot'
One of the D.C. area’s largest CRE players sees opportunity in buying office properties as it continues to sell apartments. JBG Smith, which has been on a multifamily selling spree for months, is now pivoting that capital into office acquisitions.
Net lease sales jump 37% as investors seek stability and scale
Investors were already flirting with net lease properties in the first half of 2025, drawn by the lure of stable returns despite uncertainty fuelled by a global trade war. The Trump administration’s signature budget package made them even more attractive.
Terror at Blackstone: The harrowing hours at 345 Park Avenue
The alarm reached Blackstone president Jon Gray on the 44th floor, in his C-suite office high above Park Avenue: An active shooter was in the building. In the lobby below, a gunman had opened fire.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Montréal du Futur
Sep 24 2025
to Sep 29 2025
World Trade Centre of Montreal
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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