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Vancouver has investment barriers, but remains desirable for global capital

2 days ago

Vancouver has investment barriers but remains desirable

Real estate companies based in B.C. and operating primarily within the region often describe it as being investment-unfriendly, but companies operating on a national or global scale remain interested in Vancouver, a common theme during the Vancouver Real Estate Forum.

Firm Capital, SunPark to acquire $227M of W. Canada MHCs

Firm Capital Property Trust (FCD-UN-T) has deals to acquire 11 manufactured housing communities (MHCs) across Alberta and Saskatchewan comprising 1,752 MHC sites, in a joint venture involving its subsidiary and partner SunPark Communities LP, for $227 million.

Nicola Wealth halts RE fund redemptions, will wind it down

Nicola Wealth Management Ltd., a $17.6-billion money manager, has halted investor redemptions at its weakest real estate fund and plans to wind it down amid a downturn in the commercial real estate sector.

Court-ordered sale for Victoria hotel project site

The Montrose-Wintergarden mixed-use project set for downtown Victoria is in receivership, marking the third insolvency for Victoria-based private equity real estate investment firm Merchant House Capital.

Montreal office leasing is emerging from its slump

The downtown office market appears to be emerging from its slump after four years of hardship. Leased space is once again expanding, and the vacancy rate has begun to decline, although it remains high. 

It’s time to stop calling investments ‘alternative’

The term alternatives is now a limitation disguised as a characterization. It puts private equity, real estate, commodities, hedge funds, structured credit and several other distinct asset classes under one word without describing any of them.

Scotiabank analyst sees industrial REITs turnaround

Scotiabank analyst Himanshu Gupta sees a turnaround in the industrial REITs sector in coming quarters while RBC Capital Markets analyst Pammi Bir interprets the latest data on domestic rents from the five Canadian-focused apartment REITs.

Chartwell completes $432M acquisition of Ontario portfolio

Chartwell Retirement Residences (CSH-UN-T) has closed on its previously announced acquisition of a portfolio of six seniors housing communities totalling 1,024 suites across London, Waterloo and Mississauga for a total purchase price of $432 million.

One Yonge's plaza plans underwhelm area residents

Pinnacle’s proposed public realm around the site includes a grand, tree-lined promenade along Yonge Street and a 14,500-square-foot plaza at Yonge St. and Queen’s Quay E. with public art, landscaping, seating and some retail.

Ontario’s housing market went bust as other provinces rose

Ontario’s average home price skyrocketed 57 per cent from February 2020 to the pandemic real estate peak just two years later. But since the February 2022 peak to the end of 2025, prices have dropped by more than 20 per cent.

New highrise under construction in downtown Edmonton

A brand-new highrise is on the way for downtown Edmonton, with the second tower in the Falcon development currently under construction. The tower, known as Falcon Two, from Langham Developments is expected to be complete by 2027.

One of B.C.’s tallest mass timber residential buildings rises

A 17-storey tower taking shape in downtown Vancouver is positioning itself at the forefront of sustainable urban housing. The project at 981 Davie St. will be one of B.C.'s tallest mass timber residential buildings meeting Passive House standards.

Buy a share of Edmonton's Alberta Block building

Edmontonians with at least $10,000 can now buy a share of the Alberta Block building on Jasper Avenue in a co-operative investment venture still drumming up its first round of capital.

New Calgary HQ for Truman includes well-known brands

Calgary developer Truman has moved into its new company headquarters in the West District of the city with several retail and hospitality brands also having a presence in the building. 

Food and experiential retail drive Toronto leasing

Toronto retail leasing trends are increasingly being shaped by a shift toward food, fitness and experience-driven concepts, as tenants compete for limited space across the city’s urban corridors.

Four discount grocery stores arriving in Halifax area

Empire is introducing FreshCo stores to Cobequid Road in Lower Sackville, as well as to the Bedford Place Mall and Mic Mac Mall in Dartmouth this year. Loblaws is opening a No Frills store in Dartmouth Crossing.

Related, Oracle finalizing $16B data centre financing deal

Oracle’s latest Stargate data centre project is close to securing financing following months-long negotiations. Related Digital — Related Cos.’ new data centre arm — has lined up a US$16B financing deal, Bloomberg reported. 

Walton Global starts U.S. fund as money leaves Persian Gulf

The Middle East has been a growing destination for foreign capital in recent years, but the conflict in Iran has some investors thinking twice about the region. That might be a boon for U.S. commercial real estate.

$6B Miami Worldcenter sees retail change hands

Falcone Group — in partnership with ROK Acquisitions, Andrew Mirmelli, The Davis Cos. and Jamestown — has acquired the retail component of the US$6 billion Miami Worldcenter master-planned district. Miami Worldcenter Associates sold it for US$210 million.

Derwent London agrees £132M sale of Burberry headquarters

Derwent London has exchanged contracts for the disposal of Horseferry House SW1 for C$242.9M (£131.8M) to an unnamed overseas investor. The deal is scheduled to complete in June. 

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