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June 24, 2025
QuadReal plans residential revamp of North Vancouver Mall
QuadReal Property Group, the real estate division of British Columbia’s largest pension fund, is seeking final approval from municipal authorities to build 11 residential towers, with the tallest reaching up to 40 floors, at its Capilano Mall in North Vancouver.
June 20, 2025
DC's Wharf nets $1.2 billion in refinancing to grow waterfront project
The Wharf mixed-use project in Washington, D.C., has closed on a $1.15 billion refinancing deal — one of the largest such transactions in the city's history — that positions the landmark project for new growth, the group that oversees the property said.
June 20, 2025
Darden weighs selling Bahama Breeze chain, looks to spin off Olive Garden locations in Canada
Darden Restaurants may sell what's left of its Bahama Breeze Island Grille chain as consumers tighten their wallets on discretionary spending.
June 20, 2025
Canada's top-performing mall seeks to solve Hudson's Bay vacancy
The demise of the Hudson’s Bay department store chain has left a big empty space for Oxford Properties at its Yorkdale Shopping Centre, Canada’s most profitable mall.
June 18, 2025
Cadillac Fairview relies on its eateries to boost profitability
Mall food needs to be good, Lillian Tummonds says. She adds that successful menus are a central ingredient to Cadillac Fairview's success in dominating an annual survey of Canada's most profitable shopping centres.
June 18, 2025
Ivanhoé Cambridge's name changing to La Caisse
Ivanhoé Cambridge is phasing out its name. The Caisse de dépôt et placement du Québec is changing the name of its real estate arm to La Caisse in a process that began at the start of this month and is set to be completed over the next few months.
June 17, 2025
Primaris strikes deal to buy the Lime Ridge Mall in Hamilton for $416 million
Primaris Real Estate Investment Trust has struck a deal to buy the Lime Ridge Mall in Hamilton, Ontario, from Cadillac Fairview for $416 million, the latest purchase by the REIT to acquire enclosed retail centers.
June 13, 2025
Retail building permit approvals off to strong start for national leader Calgary
Development of retail properties in Calgary surged at the start of the year, jumping 23% from the end of the year to nearly 2.5 million square feet under construction, a level that is just 5% shy of peak 2019 levels.
June 13, 2025
Riocan, Harden reboot remaining retail section of shopping centre in Montreal suburb
The Méga Centre Notre-Dame shopping centre in the Montreal suburb of Laval has slimmed down considerably since a $75 million deal that saw co-owners Riocan and Harden sell a 27-acre section of the retail property to Rosefellow to be redeveloped as industrial warehouses. But the remaining retail area is getting revamped at a brisk pace.
June 11, 2025
CoStar World News for June 12
June 10, 2025
Federal Competition Bureau takes aim at retail property controls
Canada’s Competition Bureau has followed up on its two-year-old campaign to reduce property-control stipulations that aim to prevent competing stores from opening within the same shopping centre.
June 9, 2025
Large pension fund, CT REIT take on $200 million Canada Square office retrofit
The real estate arm of one of the country's biggest pension funds and Canadian Tire Corp., a major Canadian retailer, say they are teaming up on a $200 million retrofit of a high-profile office complex in midtown Toronto.
June 9, 2025
Former Nordstrom Vancouver store plans show possibilities for urban Hudson's Bay spaces nationwide
A new application for the long-shuttered Nordstrom in downtown Vancouver could provide a glimpse into potential retail alternatives for former urban Hudson's Bay locations after the iconic Canadian retailer officially shuttered all its stores earlier this month.
June 6, 2025
The changing face of retail property: Luxury mall adds in-store cosmetic procedures
Shoppers visiting Montreal's luxury Royalmount Mall who might typically expect to leave with designer handbags and high-priced jewelry now can also depart with the results of cosmetic procedures.
June 6, 2025
Prime Properties expands acquisitions in Montreal
Prime Properties, a company that launched in the 1970s after German immigrant Karsten Rumpf set up pinball and video arcades in downtown Montreal, has grown its real estate holdings further with a pair of acquisitions from TD Asset Management on a well-trod section of Montreal’s city’s busiest strip.
June 6, 2025
French retail real estate on the comeback trail
Once the martingale of investors, French retail real estate has largely lost its credentials over the past decade, having been hit by such shocks as the advent of e-commerce, the health crisis and the ensuing inflationary surge. Yet more and more investors who had turned their backs on the sector are beginning to take notice. What if retail were on the way back?
June 5, 2025
RioCan transitions its joint venture with HBC into receivership
Canada's oldest real estate investment trust said it will keep managing its joint venture properties with retailer Hudson's Bay Co. as the partnership is now in receivership.
June 5, 2025
Vancouver approves plan to revitalize a downtown entertainment district
Vancouver leaders approved a plan to try to revitalize downtown’s faded stretch of Granville Street in the coming decades using aspects of the past development of New York City’s Times Square and Tokyo’s Shibuya Crossing as models.
June 5, 2025
LL Bean to open 16th location this fall in Canada
L.L.Bean plans to open its 16th location in Canada after agreeing to a deal that calls for the U.S.-based retailer to locate in the refurbished Manulife Centre in downtown Toronto.
May 28, 2025
Second Cup, firm controlling 170-shop global coffee chain, files for creditor protection
Financial problems are brewing for The Second Cup Coffee Company. The global chain that controls 170 coffee shops in 20 countries from Pakistan to Egypt has filed for creditor protection in Ontario after company directors said the firm cannot repay a $8.9 million debt owed to creditor Arbat Capital Group.