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July 15, 2025
Weighed down by declining industrial development, Calgary's commercial building activity hits 10-year low
Over the last few years, the Calgary market has seen tremendous growth. Developers have ramped up construction activity in both the industrial and retail segments to meet demands of the growing local population and from across western Canada as an increasingly attractive distribution hub offering significant real estate cost savings.
July 15, 2025
This Montreal developer is expanding retail centres at a time when very little new space is being added
As retail space construction across Canada slows due to rising building costs, higher interest rates and general economic uncertainty, one Montreal developer has found that expanding existing retail centres offers a way to meet increasing demand from expanding retailers and turn a profit.
July 9, 2025
CoStar World News for July 10
July 9, 2025
Hullmark buys interest in Toronto retail property where multifamily towers soon could rise
Brad-Jay Investments, the owner of the Jane Finch Mall in the North York area of Toronto, has sold a minority interest to Hullmark to help advance plans to build on-site housing.
July 9, 2025
Birks acquires European Boutique luxury watch and jewelry chain of Toronto
Birks, a Montreal-based luxury jeweler founded in 1879, has bought for $9 million the European Boutique chain that operates four stores in greater Toronto.
July 8, 2025
CREW picks Cushman & Wakefield executive to serve as new CEO
Industry veteran Alison Beddard is set to take over as the new CEO of Commercial Real Estate Women Network, looking to build on the recent growth of the global association dedicated to accelerating success for women in the industry.
July 8, 2025
Rising US store closings on pace for record year
With nearly half the year gone, there have been almost 6,000 announced U.S. store closings, far surpassing openings in terms of number and square footage and driven by retail bankruptcies.
July 7, 2025
Couche-Tard to add Circle K stores as global chain ponders expanding offerings
While Couche-Tard executives have been trying to hammer out a megadeal to acquire the 7-Eleven convenience store chain from Seven & i Holdings, construction workers have been wielding tools in an effort to build more Couche-Tard stores.
July 7, 2025
Vancouver mall scores one of largest financing deals this year in Western Canada
Toronto-based mortgage broker Finneo has swung one of the largest financing deals in Western Canada this year, arranging a $100 million loan on a Vancouver retail property.
July 3, 2025
Retail merger activity surges with $112.7 million deal for Big 5 Sporting Goods
Big 5 Sporting Goods is being purchased by private equity firm Capitol Hill Group and Worldwide Golf in a $112.7 million deal that will take it private, part of a flurry of mergers and acquisitions involving retailers.
July 3, 2025
BCI latest Canadian pension fund to have results affected by property investments
The British Columbia Investment Management Corp. is the latest major Canadian pension fund to report a negative return on its real estate investments.
July 2, 2025
Guinness World Records recognizes mark set by Canadian solar panel facade maker
Daniel Hadizadeh wants building owners to get a charge out of their properties by adding solar panels as a method of harnessing sunlight to be converted into power.
June 30, 2025
New tax adds unexpected expense to development near metro stations in Montreal, developer says
A real estate development company says that it was blindsided by a new tax on projects within one kilometre of the upcoming blue line metro station extension in Montreal, as Mach Group says it was not made privy to a possible levy during eight years of planning a major undertaking in the area.
June 30, 2025
Crombie REIT picks up trio of retail properties in Atlantic Canada
EM Real Estate, a Montreal company that holds a significant portion of its real estate assets in Atlantic Canada, has sold three retail properties in the region to Crombie Real Estate Investment Trust, a company closely linked to the Sobeys grocery chain.
June 30, 2025
Toronto’s top buyers drive market momentum in 2025
Toronto’s commercial real estate investment sales market has softened in 2025 compared to recent years.
June 30, 2025
Home Depot wins bidding for building supplier GMS with $5.5 billion deal
The Home Depot is moving to expand its ability to serve professional contractors and home builders with its planned $5.5 billion acquisition of GMS, adding about 400 distribution centers and service centers to its portfolio.
June 30, 2025
KingSett scores downtown Montreal office tower in slow sales market
A downtown office building best known for standing cheek-to-jowl with Montreal’s celebrated Place Ville Marie office and retail complex has a new owner in the face of a sluggish sales period.
June 30, 2025
Blackstone continues to think and transact big in France
Blackstone is about to strike hard in France, once again, one might be tempted to write.
June 27, 2025
Odd Burger finds alternative way to expand after shelving US growth plans
Vegan fast-food chain Odd Burger said it is continuing its expansion through increased online exposure, a move that comes after it halted its plans to grow its presence in the United States this year.
June 27, 2025
Circle K parent to divest locations in deal for GetGo convenience stores
The parent company of convenience store operator Circle K agreed to divest about three dozen locations of a Midwest chain to obtain approval from U.S. regulators to buy the entire company.

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