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Pacific Reach, Dilawri partnership buys The Ritz-Carlton, Toronto
Pacific Reach, Dilawri partnership buys Ritz-Carlton, Toronto
Pacific Reach and Dilawri Group of Companies have acquired the 263-room The Ritz-Carlton, Toronto from Cadillac Fairview. The hotel, which originally opened in 2011, comprises the first 20 floors of a 53-storey building at 181 Wellington St. W.
QuadReal acquires over $913M U.K. student housing portfolio
QuadReal Property Group has acquired an eight-asset, 3,460-bed purpose-built student accommodation portfolio in the U.K. from funds and entities managed by Apollo Global Management for over $915 million.
CPP Investments sells stakes in U.K. shopping centres
Canada Pension Plan Investment Board is selling 50 per cent stakes in its Birmingham, U.K. joint ventures, the Bullring and Grand Central Shopping Centres, to its long-standing joint venture partner Hammerson Plc, for net total proceeds of $615 million.
Hudson’s Bay in court to get permission to sell six leases
Hudson’s Bay is headed back to court with hopes of getting approval to sell more of its leases and extend its reprieve from creditors. The collapsed retailer seeks to sell five leases to YM Inc. and one to Ivanhoe Realties.
Best Buy Canada’s new president maps growth reboot
After years of treading water, Best Buy Canada appears to be readying for a new phase of growth. New stores are planned for what president Mat Povse said is a profitable company where the team is focused on innovation.
MEC leans into a Canadian-focused future
A “group of private Canadian investors” led by Tim Gu, chairman of uniform and workwear company Unisync Corp. took over ownership of Mountain Equipment Company in May. Now the company is leaning heavily into its Canadian roots.
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Two seniors homes expected to be announced in Hamilton
Two new long-term-care homes on the west Mountain with a total of 512 beds are expected to be announced in Hamilton today. It follows the province of Ontario quietly transferring 28.8 acres of brow lands to Schlegel Villages last year.
Boardwalk REIT shows strong revenues amid declining rents
Calgary-based Boardwalk REIT (BEI-UN-T) said revenues in its home province were up by 6.2 per cent in Q2. “We’re seeing strong demand because we’ve been doing everything we can to keep our rents as low as possible,” CEO Sam Kolias said.
Development permit appeals surge in Calgary
The number of development permit appeals in Calgary has “surged” since citywide rezoning was approved, according to the city’s Subdivision Development and Appeal Board, and it’s raising concerns that delays are impacting housing affordability.
B.C. developers' foreign investment plea rebuffed
“We are not going back,” Premier David Eby and Housing Minister Christine Boyle said Wednesday when asked separately about a push by large developers to get government to allow more foreign investment in real estate.
Real estate podcasts
Blair Welch, Slate: Building a $11.7B empire, CRE Library
Ben Rogowski, Canderel Group: Adapting real estate strategies, CRE Podcast
Are low cap rates the new normal for CRE, Canadian RE Investor
Height boost sought for Pinnacle One Yonge's 'supertall'
Pinnacle International is seeking a minor variance for the third phase of Pinnacle One Yonge. The northernmost tower in the complex, and already among Canada’s tallest approved buildings, would jump from 92 to 95 storeys if approved.
Nine tower redevelopment proposed in Vaughan
Morguard Corporation and Dev-West Properties Inc. have submitted a proposal to replace Woodbridge Square with a nine-tower, mixed-use community designed by Turner Fleischer Architects. The towers would rise as high as 57 storeys.
Major mixed-use expansion set for Marine Gateway
The plan to build the second phase of Marine Gateway in Vancouver is now taking its first major steps, a decade after the completion of the first phase transformed SkyTrain’s Marine Drive Station into a vibrant community hub.
KKR JV, CyrusOne to build $4B data centre campus in Texas
Energy Capital Partners, in joint venture with KKR, will build a US$4 billion hyperscale data centre campus in Bosque County, Tex. The project is set to total 190 megawatts at full build-out.
Miami apartment construction surges to top spot in U.S.
Permits for over 2,000 apartments were issued in Miami last month, signalling a renewed sense of momentum in the multifamily sector. Miami had more units permitted during the past 12 months, at 7,257, than any other city tracked by RealPage.
Tariff uncertainty revs up demand for U.S. manufacturing space
For the U.S. industrial sector, the prospect of tariffs, while seemingly urgent, is only the latest stimulus for the resurgence of manufacturing space, which had been happening since even before the pandemic.
Life Sciences mega-tenants are in dwindling supply after record lease
A record-setting lease in San Diego made waves in the life sciences real estate community earlier this month, with Alexandria Real Estate Equities reeling in Novartis to the tune of 467,000 square feet.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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RealREIT
Sep 10 2025
Metro Toronto Convention Centre
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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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