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January 30, 2026
Sobeys parent shuts down Alberta ecommerce network due to underperformance
Empire Company Ltd., the Stellarton-based parent of grocery chain Sobeys, is shutting down its underperforming Alberta ecommerce operations network and closing its Ocado-powered fulfilment centre in the Calgary area after the business failed to meet financial expectations.
January 30, 2026
Vacated Hudson's Bay retail space may take years to fill
A majority of the retail space suddenly vacated upon the Hudson’s Bay Co.’s sudden closures and liquidation will likely attract new tenants, but it will take some time, according to JLL.
January 28, 2026
CoStar World News for Jan. 29
January 27, 2026
Wiikwemkoong buys retail centre as Edmonton's Ice District draws new investors
The Wiikwemkoong Unceded Territory has acquired the Connect Centre in downtown Edmonton for $65 million, a move the Indigenous community's leadership describes as a long‑term revenue strategy tied to one of the country’s most closely watched urban redevelopment zones.
January 27, 2026
Amazon makes another brick-and-mortar retreat
E-commerce giant Amazon is pulling the plug on all its Amazon-branded grocery stores, closing about 70 locations and saying it hasn't found the "right economic model" for large-scale expansion in yet another failed effort at brick-and-mortar retail.
January 27, 2026
Claire's enters administration for second time in six months
Claire's, the high street beauty accessories retailer, has entered administration for the second time in less than six months.
January 21, 2026
Asian grocery chain chooses San Francisco Bay Area for its largest US store
Fast-growing Korean grocery chain H Mart has chosen the San Francisco Bay Area for its biggest U.S. store.
January 19, 2026
Montreal-based investment group makes first foray into Ottawa
A real estate investment group that includes APP, the parent company of luxury apparel brands Mackage and Soia&Kyo, acquired the Cineplex Cinema Ottawa and three other retail properties at 3080-3980 Carling Ave. for the group's first acquisition in Ottawa.
January 16, 2026
Saks Global taps A&G, Great American Group to handle potential store closings
Luxury retail giant Saks Global has retained two advisory firms with experience handling store closings as part of its bankruptcy proceeding.
January 16, 2026
Online giant Amazon tries to choke off financing for luxury retail owner Saks Global
Saks Global is now battling with not only unpaid vendors but also its investor Amazon, as the online giant cries foul and tries to block financing for the luxury retailer’s Chapter 11 reorganization.
January 14, 2026
CoStar World News for Jan. 15
January 14, 2026
Retail real estate looks strong, but clouds may be starting to form
Some of Canada’s biggest retail landlords, including RioCan Real Estate Investment Trust, Choice Properties and First Capital, have posted strong earnings pointing to the strength of the country's retail real estate market, even as early signs show some dark clouds on the horizon.
January 14, 2026
Pickleball tenant secures location in Montreal's Les Galeries Lachine shopping centre
Pickleverse, a Quebec-based operator of a network of indoor recreational pickleball courts, did more than lease space in the grocery-anchored strip mall Les Galeries Lachine.
January 14, 2026
Saks Global files for Chapter 11 with vow to evaluate its store footprint
It was a blockbuster $2.7 billion merger that united some of the most iconic names in luxury retail under one roof, creating a brick-and-mortar luxury giant. But just over a year later, the deal has turned sour and landed the consolidated company in bankruptcy court, with plans to evaluate its brick-and-mortar footprint.
January 13, 2026
JLL's 2026 predictions: New, more positive cycle to drive 15% hike in UK commercial real estate investment
Commercial real estate investment will hit between £43 billion and £48 billion in 2026, up as much as 15% on 2025, according to JLL in its annual predictions for the year ahead.
January 12, 2026
Bloor-Yorkville business group appoints a new executive director
The Bloor-Yorkville Business Improvement Area has appointed Janet McCausland its new executive director as the Toronto business group looks to enhance the district as a destination for luxury retail, dining and urban living.
January 12, 2026
Vancouver's first FreshCo discount grocery store to replace shuttered Toys R Us
One of Canada's largest grocery chains plans to convert a shuttered Toys R Us location known for a neon sign once visible from nearly 20 miles away into Vancouver’s first FreshCo discount food store.
January 9, 2026
Walmart's $6.5 billion nationwide spending initiative gains momentum
Walmart pledged one year ago to invest $6.5 billion in Canada, or approximately $ 4.7 billion in U.S. dollars. That pledge is taking shape in the funding of several new facilities, including a new supercentre store planned for Sherbrooke, Quebec.
January 8, 2026
Vancouver’s commercial real estate market looks toward recovery heading into 2026
Despite economic uncertainty in recent years, Vancouver’s commercial real estate market is showing signs of cautious optimism. The city’s resilience, lower vacancy rates, and the sale of several major buildings signal a market poised for recovery.
January 7, 2026
Calgary leads Western Canada in real estate investment growth
Western Canada’s commercial real estate market outlook is brightening as investor confidence strengthens, fueled by resilient leasing across key property sectors. After performance in 2025 surpassed expectations, Calgary property professionals are cautiously optimistic about the market's future.