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Carlyle to sell portion of 6 Lloyd Toronto development site

2 days ago

Carlyle to sell portion of 6 Lloyd Toronto development site

Carlyle Communities has put a vacant multiresidential development site at 6 Lloyd Ave. in Toronto’s Junction neighbourhood up for sale after acquiring it almost a decade ago and moving it through a range of approvals.

Acquisition and new management structure at Nearctic

Nearctic Industrial REIT is growing its portfolio for the first time since it was founded three years ago, as the trust's management company adjusts to a new ownership model which has also been completed in recent weeks.

Caisse unit buys property registry ISC for $1.2B

A unit of La Caisse has struck a deal to buy Information Services Corp. in a $1.2-billion deal after emerging as the lone, final bidder for the Regina-based digital services company and property registry.

Amid rent strike, apartment building sells for $15.5M

An ongoing rent strike at a midrise apartment building in Parkdale has taken an unexpected turn: in May, the longtime owners sold the property to a new owner for $15.5 million.

Residential building permits fall; weak multifamily activity

The value of residential building permits in Canada fell 3.3 per cent in March to $8 billion, as weaker multifamily construction intentions in Ontario and Quebec more than offset gains elsewhere, according to Statistics Canada.

Mixed-use community proposed near Dufferin and Finch

Plans are for a six-building community featuring residential, seniors housing, medical office, retail and community uses. Proposed by Serebryany and designed by Turner Fleischer, the buildings would range from six to 21 storeys high.

Park Royal area plan could bring 4,000 new apartments

The District of West Vancouver is starting work on a local area plan for the Taylor Way/Park Royal neighbourhood that could see up to 4,000 new apartments built in the area, and the equivalent of 27 12-storey towers.

29-storey tower with hotel and rental housing approved

Vancouver city council unanimously approved the mixed-use tower for Yaletown — containing a major hotel and an infusion of secured purpose-built market rental housing. The project is spearheaded by Vancouver-based developer Nonni Property Group and designed by architectural firm McKinley Studios.

Historic Greenbrier hotel in Vancouver’s West End sells

The three-storey Greenbrier Hotel in Vancouver’s west end has sold after returning to market earlier this year. The historic 1956 property operated for decades as a boutique hotel before transitioning into short-term furnished rentals.

What World Cup? Vancouver hotel bookings down 20%

Vancouver has been just as susceptible to the hotel-booking doldrums that have taken the wind out of the World Cup sales in other host cities. Bookings are down, but the tourism industry is optimistic that the numbers will tick up.

Initia takes 1,000-agent network under eXp Realty banner

Edmonton-based brokerage Initia Real Estate has made a strategic transition into eXp Realty Canada, bringing with it approximately 1,000 agents and support staff, plus its network in Canada and the Americas.

Gay Lea moves to new HQ in Etobicoke

Relocating from an owned facility to leased office space marks a new chapter for Gay Lea Foods — one that blends heritage with a modern vision of work. The two-storey office at 10 Carlson Court prioritizes collaboration and shared experience.

Winnipeg's Seasons Of Tuxedo mall listed for sale

Just a few months after the St. Vital Centre changed hands, another large shopping centre in Winnipeg, Seasons of Tuxedo, is hitting the market. It spans 58 acres, and an industry source has said the price is around $50 million.

New 36,000-sq.-ft. Thrifty Foods to open in Burnaby

Burnaby’s Brentwood district will gain another major grocery store from the opening of Thrifty Foods before the end of this decade. Brentwood Block is a substantial high-density, mixed-use residential and commercial development.

Liquidation grocery stores booming amid high food costs

At Quebec-based Liquidation Marie Inc., dented cucumbers, slightly bruised bananas and discoloured broccoli aren’t a turnoff to shoppers any more. As food prices have soared in recent years, sentiment among shoppers has shift drastically.

Sachem Capital, Industrial Realty Group to form $3.4B public REIT

Sachem Capital Corp. and Industrial Realty Group have agreed to form IRG Realty Trust Inc., a top-10 U.S. public industrial REIT with an implied combined enterprise value of about US$3.4 billion. 

Landlords agree to pay $218M to settle price-fixing claims

Real estate behemoths involved in the sprawling antitrust case against revenue management firm RealPage have agreed to pay a combined US$218M in settlements and to stop using nonpublic data to help set rent levels.

Vanderbilt JV buys 1.4M-sq.-ft. Dallas office campus

Vanderbilt Office Properties, Hillwood Urban and TriPost Capital Partners have purchased The Towers at Williams Square in Irving, Tex. The transaction value has not yet been disclosed, but the deal marks the market’s biggest office acquisition so far this year. 

The 'whale hunting' era of data centre development may be ending

The AI-driven data centre boom of the past two years has been defined by hyperscale campuses in remote locations. But now, leaders say the pendulum is swinging back toward what are now considered small data centres. 

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