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Hazelview closes one of 'largest-ever' CMHC-backed housing loans

1 week ago

Hazelview closes one of largest-ever CMHC-backed loans

A multi-tower project in the west end of Toronto, currently under construction by Hazelview Investments, has closed on what the firm calls one of the "largest CMHC-insured loans ever issued".

Germain Hotels gets $160M investment from CDPQ-led group

Germain Hotels has completed a $160M investment round led by CDPQ, with participation from the Fonds de solidarité FTQ and Investissement Québec, as well as the merger of Groupe Germain and Alt Canada Investment Corp. into a single entity.

Holborn proposes $2.8B 'transformational' Vancouver project

Holborn Group has unveiled plans for the development of three towers, including the tallest building in British Columbia at 1,033 feet, which would house a 920-room hotel topped by an observation deck.

Planned $7B Volkswagen plant in St. Thomas will go ahead

Volkswagen has dodged the tariff and trade dispute between Canada and the U.S. and its manufacturing plant being built in St. Thomas will proceed full speed ahead, the city’s economic development boss says

Cottonwood Centre in Chilliwack sold to Finix Holdings

The Cottonwood Centre, a longstanding retail hub in Chilliwack, B.C., has been sold by its Vancouver-based owners — PCI Developments, Northland Properties and Nicola Wealth — in a deal that marks a significant shift in Fraser Valley retail real estate.

Peakhill Capital launches Peakhill Project Advisory

Peakhill Capital is pleased to announce the launch of Peakhill Project Advisory, a new division offering end-to-end project advisory, development management, and delivery oversight for real estate owners, developers, investors, and institutional clients.

Sponsored by: Peakhill Capital

Hudson’s Bay seeks to repay up to $165M in senior debt

Hudson’s Bay Co. is seeking court approval to repay millions owed to its senior lenders, as the retailer’s liquidation sales continue across the country. The company plans to repay up to $165-million outstanding under two credit facilities.

Shoppers proving resilient to tariffs: Canadian Tire CEO

The tariff fight that has broken out between the U.S. and its trading partners doesn’t appear to be rankling Canadian Tire Corp. Ltd. (CTC-T) customers as much as its CEO once expected.

Canadian investment in U.S. CRE under pressure

Cross-border trade tension is drawing attention to a push for Canadian pension funds to adjust their strategy and invest more domestically. It would mark a symbolic shift for the nation that's the largest foreign investor in U.S. commercial property.

Is the Canadian office market nightmare nearing an end?

Avison Young president of CRE Mark Fieder said he believed office vacancies across Canada’s six major markets had peaked and appeared poised to tick lower, even while investor uncertainty continues amid U.S. President Donald Trump’s tariff war.

Rural community to double in size with 3,500-home mega-plan

Central Elgin, which neighbours St. Thomas, unveiled plans for 3,500 homes on 410 acres of the former St. Thomas Psychiatric Hospital lands – an area that would also feature commercial plazas, parks and other amenities, Mayor Andrew Sloan says.

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Crombie proposes 36-storey condo tower for Toronto

An application has been filed to redevelop an existing Beer Store on Danforth. Developer Crombie REIT (CRR-UN-T) hopes to tear down the current retail space and replace it with a 36-storey condo tower designed by architects Arcadis.

Royal Oak landlord, Saanich consider development

Hansbraun Investments, which owns Royal Oak Shopping Centre, is asking the District of Saanich to include it in the rezoning process for a swath of land overlooking the Patricia Bay Highway. Hansbraun has plans to redevelop the 11-acre site.

'It's not at all clear what we should do': Fed holds rates flat

Officials at the U.S. Federal Reserve on Wednesday resisted pressure from the White House and left the central bank’s benchmark interest rate unchanged — but also warned of worsening economic indicators and deepening uncertainty.

Wynn delays $375M in capital expenditures due to tariffs

Wynn Resorts, a U.S. REIT with six massive casino resorts, is pausing hundreds of millions of dollars in spending due to the impacts of the Trump administration's tariff policies on supply chains. 

KKR’s infrastructure whisperer looks to reawaken property arm

KKR infrastructure head Raj Agrawal got the nod to oversee KKR’s real estate unit in addition to his own earlier this year, handing him a newly combined business totalling more than US$171 billion at last count.

Net lease REITs poised for continued growth

In a CRE market where transaction activity remains subdued, net lease REITs have been busy deploying billions in capital and steadily growing their portfolios. Many companies in the sector have good liquidity and a desire to grow.

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