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August 29, 2025 | 7:18 P.M.
Firm that ended Chicago office sales drought returns to buy 31-story tower
Nearly two years after snapping a drought of office tower sales in Chicago with its first deal in the city, an Oregon investor is coming back for another discounted purchase.
August 29, 2025 | 3:19 P.M.
Zellers discount store to be resurrected in Canada with Edmonton location
Zellers discount store is returning to Canada, as the century-old chain that closed its last outlet in 2020, has committed to a space left empty by the Hudson’s Bay Co. in the Londonderry Mall in Edmonton.
August 28, 2025 | 8:28 P.M.
Pure Industrial sells single-tenant building in Vaughan
Skycon Developments Ltd., a real estate developer and commercial leasing firm based in Concord, Ontario, expanded its portfolio by acquiring a single-tenant industrial building off Rowntree Dairy Road in Vaughan, Ontario.
August 28, 2025 | 3:25 P.M.
Construction boss hired for one of North America's largest development projects
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 YZD.
August 27, 2025 | 8:54 P.M.
CoStar World News for Aug. 28
August 27, 2025 | 8:53 P.M.
Pure Industrial buys Quebec industrial building following sale of Ranger Design
Pure Industrial, the Canadian industrial real estate firm jointly owned by Blackstone and Ivanhoé Cambridge that operates as a unit in Blackstone's real estate portfolio, purchased a 140,000-square-foot warehouse in Quebec's Baie-d'Urfé neighborhood for $25.75 million, or approximately $183.93 per square foot.
August 27, 2025 | 8:07 P.M.
Montreal's real estate sector grows increasingly insular as local players dominate the market
Increasingly, the most active commercial real estate buyers in Montreal are local players, and foreign capital is becoming increasingly rare. When overseas investors do purchase real estate in the city, the most likely property type is industrial.
August 27, 2025 | 7:36 P.M.
Luxury home furnishings retailer RH opens first design gallery in Québec
Luxury home furnishings retailer RH, formerly known as Restoration Hardware, announced the opening of its first design gallery in Québec. The new showroom, dubbed RH Montreal The Gallery at Royalmount, features a dramatic glass-encased rooftop restaurant and park designed to elevate shoppers' immersive retail experience.
August 27, 2025 | 3:36 P.M.
Canadian logistics firm signs large Northwest Indiana industrial lease near Ford plant
A Canadian logistics company that supports Ford’s auto assembly plant on Chicago’s South Side has leased almost 200,000 square feet in a warehouse just across the state line in Indiana amid a strong performance in the area’s industrial real estate market.
August 27, 2025 | 3:35 P.M.
CoStar Group completes acquisition of Australian real estate marketplace Domain
CoStar Group, Inc., a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, announced today the successful completion of its acquisition of Domain Holdings Australia Limited (“Domain”), one of Australia’s leading property marketplaces.
August 27, 2025 | 1:54 P.M.
The Body Shop's resurgence in Canada continues with new outlets
The Body Shop, a global cosmetics chain that appeared to be struggling after filing for bankruptcy, is making a comeback in Canada.
August 27, 2025 | 1:46 P.M.
Thousands of new apartment units have been added in Western Canada, with thousands more on the way
Apartment developers across Western Canada have certainly responded to the call to increase housing affordability. An unprecedented wave of construction activity is addressing a long-standing supply shortage, resulting in a significant transformation in the rental housing landscape that is both promising and cautionary.
August 27, 2025 | 1:45 P.M.
Calgary's apartment market has quickly become a battleground in the competition for renters
Calgary is one of the most under-pressured multifamily markets in Canada, with new projects continuing to break ground at a record pace.
August 27, 2025 | 1:39 P.M.
Accounting giants add up London office requirements
Consultancy firm PwC is live with a 300,000-square-foot requirement as part of its London office footprint review, CoStar News understands, as the capital’s accounting giants continue to review space requirements amid changing return to office policies.
August 26, 2025 | 8:36 P.M.
Hudson Pacific, CPP Investments leverage rebounding office sector to refinance Seattle Amazon tower
The owner of an Amazon-occupied office tower landed a $285 million refinancing loan in a sign that the tech giant's commitment to its Seattle headquarters is fueling investor confidence.
August 26, 2025 | 7:02 AM
A luxury giant thinks bigger in Paris
LVMH, Richemont, Kering, Hermès, Chanel... For many years, the luxury giants have been making record acquisitions on Paris's most prestigious avenues. Hermès, for example, paid around €300 million for 17 rue de Sèvres in 2024. In the same year, Chanel signed for 42 avenue Montaigne for over €250 million.
August 25, 2025 | 11:18 P.M.
Dillard’s joins list of retailers-turned-landlords with Texas mall purchase
A Texas mall has sold in a deal to its anchor tenant Dillard’s, along with developer Trademark Property Co., as U.S. retailers buy shopping centers where they have stores to get more control over the places where they sell.
August 25, 2025 | 9:28 P.M.
Hydro-Québec considering Miséricorde site for new substation
Hydro-Québec may finally be nearing success in its six-year quest to find land in downtown Montreal to build a new electrical substation.
August 25, 2025 | 7:17 P.M.
Dallas offers millions to Canada's Scotiabank as it considers next US office hub
The Bank of Nova Scotia, operating as Scotiabank, could get millions in economic incentives for opening an office in the city of Dallas, if leaders approve a proposed resolution.
August 25, 2025 | 7:00 P.M.
Imaging firm secures new location in Toronto
A small warehouse property at 60 Modern Road in Toronto traded in an owner-user sale.

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