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Brookfield unveils US$100B AI infra investment strategy

2 days ago

Brookfield unveils US$100B AI infra investment strategy

Brookfield (BN-T) announced this morning a US$100-billion investment strategy, in partnership with NVIDIA and the Kuwait Investment Authority, designed to keep the Canadian company at the forefront of the global artificial intelligence infrastructure race.

Northwest CEO maps strategy to simplify REIT's operations

Simplification and an increased focus on North American assets are the order of the day for Toronto-based Northwest Healthcare Properties REIT (NWH-UN-T), says its CEO Zachary Vaughan.

Beedie eager to develop Whistler Northlands housing project

After acquiring the Whistler Racket Club and some of the vacant land surrounding it eight years ago, Vancouver-based developer Beedie is eager to get the long-dormant redevelopment plan moving and believes it has the right team to transform the site.

The Château Montebello placed under receiver's control

On the verge of bankruptcy, the main shareholder of Château Montebello is now under the control of PriceWaterhouseCoopers, which is in charge of selling the venerable hotel. Millenium Golden Jiachem Hotel Holdings has owned the Château Montebello since 2014.

Canada emerges as a 2026 standout for real estate investors

Canada is one of the most appealing real estate markets heading into 2026, offering investors stability, strong demographic drivers and a supply environment that remains far tighter than most global peers, according to Colliers’ 2026 Global Investor Outlook report.

MTY’s wide variety of brand banners may deter some buyers

MTY Food Group Inc.’s decision to explore a sale should attract private equity players hungry for its steady franchise royalty revenues, but its wide smorgasbord of banners might scare away some buyers, analysts say.

Hillberg & Berk to double stores in Canada by 2027

Canadian jewellery brand Hillberg & Berk is preparing for a new phase of growth that will expand its national footprint to 30 locations by the end of 2027 and sharpen its identity as a purpose-driven retailer.

Metro’s Q4 profit falls on hit from distribution centre troubles

A mechanical issue that shut down Metro Inc.’s frozen food distribution centre for nearly two months has been resolved, the grocery retailer announced on Wednesday, as it reported a hit to its fourth-quarter earnings due to the disruption.

Tariff uncertainty has some lenders avoiding Windsor projects

Economic uncertainty caused by U.S. President Donald Trump's trade war is causing some banks to pause lending to Windsor projects. Downtown councillor Renaldo Agostino said a developer told him some banks aren't prepared to back projects in the city.

Hamilton builder hopes to sell $15M in community bonds

For a new affordable housing project, a non-profit builder is turning to Hamilton residents to help get it off the ground. On Dec. 3, anyone who is able can invest in “community bonds” for a 164-unit building on King Street E. 

8-building dev. proposed to replace Toronto shopping plaza

A proposed redevelopment of Lawrence Plaza at Bathurst and Lawrence would involve the demolition of the 72-year-old shopping centre and construction of as many as eight residential buildings. 

Mixed-use towers replace data centre in Toronto proposal

New plans are in the works for 281 through 301 Front St. E., envisioning a pair of mixed-use residential towers rather than the previously planned data-centre expansion. The new BRL Realty proposal calls for residential towers of 44 and 46 storeys

Developers propose nearly 2,800 homes in London, Ont.

Proposals for a pair of large, multi-highrise apartment sites in different ends of south London mean that 2,778 homes could be on the table for city council in January.

Housing plan for Hamilton bakery site

It’s not quite a baker’s dozen, but Pane Del Sole plans 12 storeys of living space at its longtime downtown Hamilton site. The Italian bakery has initial city approval for its midrise residential project.

Construction set to start on Moncton's Gateway Towers

Construction is set to start on Gateway Towers in Moncton, a pair of 17-storey apartment buildings on Assomption Boulevard across from the Three Sisters project, three 15-storey apartment buildings which are nearing completion.

Annual pace of housing starts drops 17%: CMHC

Canada Mortgage and Housing Corp. says the annual pace of housing starts in October fell 17 per cent compared with September. The seasonally adjusted annual rate of housing starts was 232,765 units in October, down from 279,174 in September.

Brookfield’s $515M loan on Manhattan tower in special servicing

Brookfield Asset Management will refinance the top half of the 52-storey New York Times Building at 620 Eighth Ave. The firm has taken a proactive approach to its maturing $515M CMBS loan, sending the debt to special servicing.

Bain Capital buys golf and country club company for $1.3B

Bain Capital has purchased Concert Golf Partners from Clearlake Capital Group in a deal that could top US$1.3B. The upscale golf course and country club company has 39 locations across the U.S.

Artisan expands into real estate with PE firm acquisition

After long eyeing an expansion into private real estate, a US$182B asset management company pulled the trigger with the acquisition of a private equity firm that will boost its alternative investment capabilities.

Saudi developer wants to sell Trump hotel tokens

Saudi luxury real estate developer Dar Global hopes to fund much of its latest Trump hotel in the Maldives by selling blockchain-based crypto tokens to U.S. retail investors, its CEO told Reuters on Tuesday.

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