Allied Properties refreshing its portfolio through capital-recycling strategy
Toronto-based REIT selling older buildings to fund investments in three newer ones located in Toronto, Vancouver and Calgary
Allied Properties Real Estate Investment Trust is moving forward with its plan to sell some of its older and smaller buildings in cities across Canada and directing the proceeds in...
Harrison Street on quest to build more housing for Calgary students
Chicago company completes second of three projects expected to bring a total of 1,700 beds to city's University District
Global investment management firm Harrison Street has reached another milestone in its mission to develop 1,700 student housing beds in Calgary’s downtown University District.
Artis REIT, RFA Capital agree to merge to create financial services firm
Deal set to close next year would create new company called RFA Financial
Artis Real Estate Investment Trust is set to disappear from the Toronto Stock Exchange after striking a deal to merge with RFA Capital, creating a publicly traded company called RF...
Build Canada Homes names Ana Bailão as CEO
Former Toronto City Councillor to head government's $13 billion program
Pushing ahead with its $13 billion Build Canada Homes project, Prime Minister Mark Carney's Liberal government appointed Ana Bailão, a property executive who has held public office...
CT REIT completes purchase of Calgary shopping centre
Ontario-based REIT pays $55.4 million to buy NorthPointe Town Centre from Primaris
CT Real Estate Investment Trust added to its Calgary real estate portfolio by purchasing the NorthPointe Town Centre, which contains more than 200,000 square feet, in a deal with P...
Sky-high event space opens in Toronto's third-tallest building
KingSett launches venue for weddings, other festivities on top floor of Scotia Plaza office tower
Couples will be able to take their wedding vows high in the sky on the top floor of Toronto’s third-tallest building, as KingSett Capital and Oliver & Bonacini have opened a 20,000...
Google executive describes challenges in picking sites for massive data facilities
Size, scope of tech giant’s projects are difficult for cities to comprehend, Nate Regan says
Google storage facilities often are so massive that their size and scope can be difficult for city officials to grasp, according to a company executive.
Seller in Quebec's biggest land deal seeks to repurchase property
Luc Poirier offers to buy back site of shelved Northvolt Six project for same amount he received
Developer Luc Poirier says he wants to buy back the property he sold to the Quebec government for the same price of $240 million that he sold it for in what was described at the ti...
Canada pension plan fund launches joint venture to buy US industrial properties
Ontario Teachers’ joins forces with Sagard Real Estate
Sagard Real Estate has teamed with the Ontario Teachers’ Pension Plan fund to purchase an industrial property in Houston that marks the initial acquisition for the new real estate ...
Hotel owner Kejja moves into apartment sector with purchase of Montreal-area complex
Hazelview Property sells multifamily towers in Longueuil on South Shore for $98.5 million
Montreal-based Kejja Group, which owns several hotels and campgrounds, has expanded into the rental apartment sector with a major multifamily acquisition.
Toronto investment firm led by Colliers CEO enters high-profile property deal in Boston
Hennick Group buys retail portion of Mandarin Oriental Hotel in New England's major city for US$83.3 million
Toronto-based Hennick Group struck a deal to acquire the retail portion of the luxury Mandarin Oriental Hotel along Boylston Street in Boston for US$83.3 million.
Construction to begin next year on Montreal's Bridge-Bonaventure project
Redevelopment of industrial area near downtown to launch with 20-floor residential high-rise
Construction is slated to begin next summer on the first 376 of up to 13,500 residential units expected to be built in the 5 million-square-foot industrial area south of downtown M...
US logistics, data storage giants spend big on separate building sites near Toronto
Prologis, Equinix each buys a development parcel with plans to build new projects on them
Canada’s largest city could be getting a pair of major data storage projects as two giant American companies have completed significant land acquisitions of over $90 million in the...
Canada's biggest apartment owner buys five properties, sells two as part of portfolio overhaul
CAPREIT makes $297 million worth of deals as part of repositioning strategy
Canadian Apartment Properties Real Estate Investment Trust is adding five multifamily properties to its portfolio as the country's largest apartment owner works to upgrade its port...
Edmonton offers to help fund student housing projects to ease shortage
City offers developers $30,000 per unit to build residences for students
The city of Edmonton has launched a $15 million fund aimed at increasing the supply of student housing in its downtown core by offering developers funding of up to $30,000 per unit...
Boardwalk REIT making big multifamily buy in Quebec
Calgary company to spend $249 million for three-building apartment complex near Montreal
Calgary-based Boardwalk Real Estate Investment Trust said it will spend $249 million to purchase three towers at the Central Parc apartment complex in Laval as it works to expand i...
Toronto's Slate Asset Management appoints C-level officer based in largest US property market
Investment firm names former Goldman Sachs executive Neil Kaufman as chief administrative officer in New York
Slate Asset Management has hired former Goldman Sachs executive Neil Kaufman as chief administrative officer. He will be based in its New York City office.
Costco acquires Quebec City retail property
US membership retail chain plans to expand a gas station at one of its existing stores located next to the SAIL-occupied retail location
Costco has acquired another retail property in Quebec City, but those hoping to see a fourth outlet of the popular megastore in the provincial capital region might be disappointed.
Zellers discount store to be resurrected in Canada with Edmonton location
Chain that closed in 2020 is set to open at Londonderry Mall in former Hudson's Bay space, landlord Leyad says
Zellers discount store is returning to Canada as the century-old chain that closed its last outlet in 2020 commits to a space left empty by the Hudson’s Bay Co. in the Londonderry ...
Construction boss hired for one of North America's largest development projects
Northcrest names Beau Brooker to oversee building the YZD project in Toronto
Northcrest Developments has appointed Beau Brooker to oversee construction at the $30 billion redevelopment of the 370-acre former Downsview Airport lands in Toronto, now known as ...