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CPP Investments, Bridge form new $1.13B U.S. industrial JV

1 week ago

CPP Investments, Bridge form new $1.13B U.S. industrial JV

CPP Investments and U.S.-based private real estate company Bridge Industrial have committed over $1.13 billion (all figures Canadian) to create a portfolio of "high-quality industrial properties in several core markets across the United States," the firms announced Thursday.

NAIOP's first Canadian chair focuses on unity, downtowns

As the first Canadian chair of the Commercial Real Estate Development Association (NAIOP), Alexander Thomson expects his first job will be emphasizing to the 54 chapters and 21,000 members that they are one community with a common set of interests. 

Business leaders brace for Trump tariff announcement

With Donald Trump set to take the oath of office Monday, the country stands on the verge of a trade war. But will the U.S. president-elect follow through threats of 25 per cent tariffs on Canadian imports on Day One?

Developers aim higher after view cones relaxed in Vancouver

Real estate players, including Bosa Properties, Concord Pacific, and the City of Vancouver itself, are revising their plans for sites affected by recent changes to the city's policies on view cones.

Office workers are back, and focused on wellbeing

GWLRA's recent office tenant survey revealed that tenants are generally back to the office. New from past surveys, tenants especially appreciated building amenities focused on their personal security as well as health and wellbeing. 

Sponsored by: GWL Realty Advisors

B.C. real estate faces a year of uncertainty

Market observers and participants are looking ahead at how B.C.’s real estate sector might fare in 2025. There are many factors to consider, including political and fiscal uncertainty at the federal level and continued implementation of provincial policies.

Surrey sets a record for construction activity

The City of Surrey set a record for construction activity, including net new housing units, in 2024, according to new annual figures released from its finance department. The city permitted 6,297 new homes and $2.8 billion in construction activity.

Port Moody project under receivership sold to Enrich

After being placed under receivership, the Bayrock Terrace project planned for Port Moody has been sold to a new developer, according to court filings. The 4.34-acre site is comprised of four vacant parcels that have no address.

GTHA condo sales plummet to lowest level since 1996

Last year marked the slowest year for new condominium sales in the Greater Toronto Hamilton Area (GTHA) since 1996. In 2024, the GTHA new condo market reported 4,590 sales, declining for the third straight year.

Two prime vacant lots in Canmore were just listed for $24M

Property in Canmore can be hard to come by, and two vacant lots up for grabs near the town’s centre come with a massive asking price of $24 million.

Saskatchewan’s CRE market is on the mend

After what some real estate experts are calling a capital crisis, momentum in Saskatchewan and Canada’s commercial real estate investment market is finally bouncing back as institutional capital comes back into the market.

The Hearn: Is this the place to reinvent Toronto’s port lands?

OPINION - The Hearn Generating Station faces a new chapter – this time as a development site, and maybe as a cultural gathering place. Last week, the City of Toronto publicized a proposal for the Hearn from Vaughan-based developer Cortel Group.

BioSteel establishes new manufacturing facility in Windsor

BioSteel, a Canadian sports hydration and nutrition company, has expanded its operations in Canada by establishing a new manufacturing facility in Windsor, Ont. The new site will produce powders and stick packs.

FN voices 'grave concern' over proposed $70B data centre

An ambitious plan from celebrity investor Kevin O'Leary to build the "world's largest" AI data centre in northern Alberta is facing opposition from a First Nation in the region.

Artis closes Arizona distribution centre sale for $99.6M

One of the biggest real estate transactions of the year in Gilbert, Arizona occurred just before Christmas when Winnipeg-based Artis REIT (AX-UN-T) sold a complex of three industrial buildings for just under US$100 million.

Brookfield plans to sell Spanish student housing business for $1.3B

Brookfield Asset Management (BAM-T) is offering its Spanish student housing business Livensa Living for sale, according to people with knowledge of the matter. The portfolio is expected to attract bids in the region of US$1.3 billion.

Aligned data centres raises $12B

Rapid fundraising and investment in data centres continues,. Aligned Data Centers is among the latest to benefit, completing a $12-billion funding round. The fund aims to meet the surging AI and cloud demand.

RXR, TF Cornerstone seek U.S. Federal loan to build $6.5B supertall

Two of the biggest names in New York City’s commercial real estate sector are hoping to hit up the federal government to develop what they expect to be the most expensive tower in U.S. history.

Waiting for cheaper CRE debt? Don't hold your breath

Bond analysts have advice for CRE owners waiting for the cost of debt to come down: Stop. The yield on 10-year Treasury bonds has risen roughly 100 basis points since the U.S. Federal Reserve began monetary easing in September.

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