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BGO acquiring assets with new $247M Canadian fund
BGO acquiring assets with new $247M Canadian fund
BGO has already made four acquisitions in Montreal, Greater Toronto and Hamilton, and Metro Vancouver after securing $247 million in capital commitments to close its BentallGreenOak Canadian Value-Add LP.
Developer EMD-Batimo building for 55-plus demographic
Francis Charron is bullish on downsizing baby boomers who don’t want to live in regular multi-residential developments, but aren’t seeking conventional seniors' homes. In July, the president of EMD-Batimo Group began construction of the $76-million Lib Vaudreuil-Dorion
HOOPP’s new CEO says portfolios have to be more adaptable
Annesley Wallace’s first day as chief executive officer of the $123-billion Healthcare of Ontario Pension Plan was April 1. One day later, U.S. President Donald Trump announced his “Liberation Day” tariffs, and markets took a nose dive.
Speeding up development applications in Toronto
A common complaint, from developers looking to build highrises to homeowners wanting to add a laneway suite, is that getting a development application approved takes too long. Toronto's one-year-old development review division is trying to change that.
Offices to transform into UCalgary urban-school offshoot
The University of Calgary is moving its School of Architecture, Planning and Landscape into a downtown building from a suburban campus, thanks to an innovative city program targeted at finding new uses for excess vacant office space.
PATH businesses welcome banks' return to office policies
As several large employers in Toronto's financial district look to bring their employees back to the office for four days a week, small businesses in the sprawling tunnel network that sits beneath them look forward to a bump in business.
Former BMO building in Calgary to be new home to Lululemon
The former Bank of Montreal building along 17th Avenue S.W. is being converted into a Lululemon store. Atlas Development will hand over the renovated building to Lululemon this week so that it can commence working on the interior.
Shake Shack accelerates GTA expansion with 6 new locations
Shake Shack is strengthening its foothold in Canada with an ambitious growth plan that includes six new locations across the Greater Toronto Area over the next year. The popular American burger brand is expanding into high-demand neighbourhoods and shopping destinations.
Mangrove plans massive lithium refinery in eastern Canada
As construction on its first commercial lithium refinery takes place, Mangrove Lithium is already initiating development on a much larger facility that will supercharge its ability to serve the battery industry.
Kamloops industrial park prepares for autumn sales launch
Plans for a new industrial park west of Kamloops at the junction of the Trans-Canada and Coquihalla highways are a step closer to reality following rezoning of the site on July 29.
Top-10 pre-bid multiresidential projects in Canada in July
Daily Commercial News has compiled a list of the top-10 upcoming projects in Canada by project value as of July 22. The largest is the Garibaldi at Squamish Ski Resort development with a project value of $3.5B.
POPS causing tensions in Toronto neighbourhoods
Toronto has 229 privately-owned, publicly-accessible spaces (POPS), which are often negotiated between the municipality and private developers to include as part of the latter’s development application and review process. But some residents near POPS claim they are being shut out.
Five-tower 'Georgetown West' project planned for Surrey
Vancouver-based developer Anthem Properties is pushing forward with additional phases of its Georgetown project, specifically the redevelopment of the 7.5-acre site of 10312 King George Blvd. and 13665 102nd Ave.
Quartet of towers up to 45 storeys planned for Vaughan
Primont Homes has submitted a proposal with four residential towers rising to 45 storeys at Islington Avenue just north of Steeles Avenue. Designed by Graziani + Corazza Architects, the development features the tallest building yet planned for the area.
ERES sells additional assets; announces special distribution
European Residential REIT (ERE-UN-T) has announced approximately $84M (€52.8 million) in dispositions and an intention to cease its regular monthly distributions. The moves follow an April announcement that the REIT is selling its portfolio and winding up.
Carlyle raises $9B fund, targets residential and industrial but shuns office
The Carlyle Group closed its 10th real estate fund with US$9B raised, the investment giant announced Monday, despite what executives called a challenging environment. The fund will concentrate on residential, self-storage and industrial assets.
Elme Communities reaches deal to sell $1.6B portfolio, plans liquidation
Elme Communities, the Maryland-based real estate investment trust formerly known as WashREIT, is moving to dissolve. The company is selling two-thirds of its portfolio to another multifamily firm and putting the rest on the market.
Blackstone secures $1.4 billion refinancing loan
Blackstone Real Estate Partners has obtained nearly US$1.4 billion to refinance a portfolio of 67 properties totalling about 9.7 million square feet and spanning 10 states and 16 markets, according to a Fitch Ratings report.
Schroders writes off stake in U.S. real estate lender A10 Capital
Schroders Plc has written off its stake in U.S. commercial real estate lender A10 Capital, according to a person familiar with the matter, who asked not to be identified discussing non-public information.
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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