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July 12, 2026
Everyone’s talking about AI, but here’s how some commercial property firms actually use it
Dancor Construction has developed more than 100 industrial projects over more than two decades, but it wasn’t until its work pipeline recently began to run dry that founder and owner Sean Ford wondered how else to look for business. He turned to artificial intelligence.
July 10, 2026
Office tenant preference for RÉSO access shape Montreal recovery
A clear pattern has emerged in Montreal’s stabilizing office market: not all buildings are recovering at the same pace.
July 9, 2026
BGO buys class A Toronto office tower as new supply dries up
BGO has acquired a Class A office tower from H&R REIT in the heart of Toronto’s financial district that’s 98% occupied by what the new owner says are “institutional-quality tenants.”
July 9, 2026
Brookfield moves to cash in on AI boom by taking data center unit public
Brookfield is seeking to capitalize on investor appetite for artificial intelligence support systems by taking one of its data center companies public in an offering that could raise up to $1.35 billion, the latest AI-related company to sell shares to the public.
July 9, 2026
Facebook parent sets stage for its first data center in Canada
Meta Platforms has unveiled plans for its largest data center outside the United States, a US$9.2 billion project in Edmonton, Alberta, as one of the largest technology companies boosts spending to keep pace with rivals on artificial intelligence products.
July 9, 2026
Book Bar becomes latest indie business to set up shop at Toronto's Mirvish Village
A wine bar that also functions as a bookstore and café is the latest business to open in Mirvish Village, a new master-planned development in Toronto’s Annex neighbourhood built on the former site of an iconic store named Honest Ed’s that was founded in 1948 by Toronto luminary Ed Mirvish.
July 9, 2026
Armenian Community Centre acquires building in Toronto's Consumer Road business district
The Armenian Community Centre purchased a three-story office building at 211 Consumers Road in Toronto from Hanson College of Business and Technology for $15.05 million, or approximately $384 per square foot.
July 9, 2026
CTM Group acquires Montreal distribution facility in owner-user deal
CTM Group, a provider of seasonal décor items, outdoor and patio décor, giftware, and household appliances, acquired a 111,328-square-foot industrial distribution facility at 10400 Renaude-Lapointe in Montreal from Legault Group in an owner-user transaction.
July 9, 2026
FedEx Office extends warehouse lease near Edmonton International Airport
FedEx Office, the printing and office supplies division of Memphis-based FedEx Corp., renewed the lease for the 108,197-square-foot warehouse it occupies in Leduc's Discovery Business Park. The Discovery Centre II building is owned by Remington Development Corp., a Calgary-based developer that has been active in Alberta's real estate sector since 1994.
July 9, 2026
Apartment construction slows in Ottawa
Ottawa’s apartment development cycle appears to have peaked, with construction now edging lower in the nation's capital.
July 8, 2026
CoStar World News for July 9
July 8, 2026
Sale of Toronto building seen as sign of growing investor confidence
A historic office property in Toronto's financial core has changed hands in a transaction the seller says reflects growing confidence in the downtown market.
July 8, 2026
Beyond the Rodeo: Calgary Stampede bets on becoming year-round entertainment district
More than 1 million visitors are expected to attend this year's Calgary Stampede, filling hotels, restaurants and entertainment venues across the city as one of Canada's largest annual festivals gets underway.
July 8, 2026
OL Plazas acquires Stonegate Plaza for $16.5 million
OL Plazas, a Mississauga-based commercial real estate owner, investor and property management firm led by Chairman and CEO Chekinah Olivier, acquired Stonegate Plaza, a fully leased retail and medical office building at 10 Neighbourhood Lane in Toronto.
July 8, 2026
Montreal-area owner-users remain active buyers of industrial buildings
Owner-users continue to be active buyers of Montreal-area industrial buildings. In one of two recent deals, Systèmes de Vulcanisation à froid, or Cold Vulcanizing Systems, acquired 3275 Av. Francis-Hughes in Laval, Quebec, from Cie de Publication Alpha for $10.5 million, or $261 per square foot.
July 8, 2026
Scrap metal recycler buys Mississauga industrial building
Skyline Electric Supply sold its 11,340-square-foot industrial facility at 1200 Fewster Dr. in Mississauga, Ontario, to National Iron & Metal Inc., a Vaughan-based scrap-metal recycling and waste-disposal company.
July 8, 2026
Vancouver-area flex property sells for $8.7 million
After selling the business he founded, EDS Pumps & Water Treatment Ltd., last year, David Mellis has sold the building housing the business at 23184 Fraser Highway in Langley, British Columbia, to local real estate developer Wesmont Group.
July 8, 2026
Segro goes into bat against 'opportunistic, one-sided and inadequate' Prologis takeover bid
Segro, the UK's largest REIT, has provided a punchy update on its income and value growth strategy for its shareholders, as the world's largest listed logistics group Prologis continues to press its case for a £12.6 billion takeover.
July 7, 2026
Coworking giant IWG to add 12 Illinois offices after year of record growth
The world’s largest flexible workplace provider is adding 12 Illinois locations, part of the company's most ambitious expansion ever.
July 7, 2026
UK-based landlord Grosvenor signs largest lease in its Canadian history
United Kingdom-based landlord Grosvenor recorded its largest single lease since expanding to Canada 75 years ago, with an apparel firm signing a deal for a large warehouse on the real estate giant’s Annacis Island near Vancouver.