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Could Montreal run out of industrial development land?

3 days ago

Could Montreal run out of industrial development land?

The Greater Montreal Area faces a scarcity of industrial land because a significant amount of the territory is zoned for agricultural uses or is considered as wetlands, concludes a report by real estate agency Trimont.

Oxford acquires 100% stake in 7 office buildings: $730M

Oxford Properties Group has confirmed it has invested $730 million to acquire the 50 per cent interest in seven Calgary and Vancouver office towers which had been held by CPP Investments.

HBC demise leaves large swaths of empty retail space

A court-supervised process to sell off Hudson Bay's leases drew 12 bidders. Mall owner Weihong Liu sought 28 leases, Canadian Tire also bid on some. But no bids were received for 62 properties, which will be handed back to landlords.

New 320-room hotel for Calgary's Stampede Park

A new hotel with approximately 320 rooms is set to be built at Calgary's Stampede Park, the Calgary Municipal Land Corporation (CMLC) announced Monday. CMLC will work with local developer Truman to build the full-service convention hotel.

$24.7B French hedge fund CFM opens Toronto office

French quantitative hedge fund Capital Fund Management SA opened an office in Toronto to attract wealthy investors in Canada. Paris-based CFM manages more than $24.7B (US$18B), deploying computer models to design, test and implement alternative investment strategies.

Project focus: A look at LIUNA Local 183’s new landmark

LIUNA Local 183’s $177 million headquarters in Vaughan opened in October and has since been making waves for its unique design and impact on both the union and broader community.

The University of Calgary’s new downtown lease brings innovation to office conversion

The University of Calgary secures a 20-year lease for 180,000 square feet of new learning space supporting 1,200 students with 801 Seventh in downtown Calgary, represented by Colliers.

Sponsored by: Colliers Canada Brokerage

1,250-unit self-storage facility opens in Montréal area

Strategic Storage Trust VI in partnership with SmartCentres (SRU-UN-T), has opened a self-storage facility in Dorval, Que. The five-storey facility offers approximately 112,000 net rentable square feet and approximately 1,250 climate-controlled units.

Vertical integration changes the real estate game

When Pusateri’s Fine Foods cancelled its lease at 899 College St., after filing for bankruptcy just days before its grand opening, Loblaw Cos. jumped at the chance to occupy prime real estate on the western edge of Toronto’s Little Italy.

Vancouver land deals slow - costs, low demand stall projects

Data from real estate services firm Avison Young indicates that 22 per cent of land sales over $5 million in the first quarter of 2025 were court-ordered, more than double a year earlier.

Long-planned south Nanaimo project hits key milestone

A transformative 2,200-home mixed-use south Nanaimo development is about to transition beyond an artist’s rendering. Vancouver-based Seacliff Properties submitted its subdivision application for the long-discussed Sandstone project straddling the Trans Canada between Cedar and Cinnabar Valley.

Bonnis proposes 2 towers on Kingsway in Vancouver

Vancouver-based real estate developer Bonnis Properties, best known for owning several prominent properties on Granville Street, is working on a big new project over in East Vancouver, according to a rezoning application published by the city.

Toronto's enormous temporary stadium opens this month

The massive Rogers Stadium under construction at Toronto's former Downsview Airport Lands is now just a few weeks away from its first scheduled show on June 29. The temporary behemoth is set to become the city's largest purpose-built music venue.

Edmonton zoning: 'Build as much crap as fast as possible'

OPINION: Edmonton has a crap problem. For this council, crap is the answer to our most vexing problems. Edmonton has officially entered the era of “build as much crap as fast as possible.”

Brookfield, Trez JV on master-planned community in Florida

Brookfield Residential has launched a joint venture with Trez Capital to develop a new master-planned community in Central Florida named Osprey Creek. This project is set to meet the growing demand for high-quality residential communities.

CoreWeave signs nearly $7B data centre lease with Applied Digital

Artificial intelligence cloud provider CoreWeave has signed a pair of 15-year agreements to lease 250 megawatts of computing capacity from Applied Digital, a cryptocurrency miner turned AI developer, in Ellendale, N.D. 

Harbor Group picks up 11 Sun Belt multifamily properties for $625M

Harbor Group International paid US$625M for 3,590 Sun Belt apartments. The privately managed global real estate investment firm acquired 11 properties across South Carolina, Louisiana, Georgia and Tennessee built between 1996 and 2010. 

Chicago billionaire to pay for new $650M soccer stadium

Billionaire Joe Mansueto is using his fortune to build a new stadium for his Chicago soccer team. The founder of Morningstar and owner of Chicago Fire FC said Tuesday he will personally fund a US$650 million stadium.

What does site remediation for industrial use entail?

Remediating a contaminated site for industrial redevelopment is a headache — to say the least — for most real estate investors and developers, but if properly done, it can generate long-term benefits not only for them, but for entire communities.

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