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Crombie REIT, Montez form JVs for 3 development properties
Crombie REIT, Montez form JVs for 3 development properties
Crombie REIT (CRR-UN-T) is forming a series of joint ventures with Toronto-based Montez Corporation in relation to three of its development projects - the under-construction The Marlstone apartments in Halifax and two other proposed redevelopment properties.
Northwest divests $209M stake in Assura; KKR buys U.K. firm
Toronto-based Northwest Healthcare Properties REIT (NWH-UN-T) has sold its remaining interest in Assura PLC for approximately $139.3 million, completing a two-phased divestment of the U.K.-based firm valued at over $209 million.
RioCan proposes 11-tower mixed-use redev. for Burlington
The east end of the Burlington Centre mall could be transformed under a proposal from RioCan REIT (REI-UN-T). The plan calls for a highrise redevelopment with 11 towers rising as high as 37 storeys.
St. Lawrence Market N. contractor suing city for $83M
Toronto has just welcomed the first visitors to its new building at St. Lawrence Market North but the city’s long-running project has hit another snag. The contractors are suing Toronto for more than $83-million alleging breach of contract.
Mass timber used for first time in Sudbury industrial build
A Sudbury developer says he's enjoying the questions he's getting about a new type of building his company is erecting. The skeleton of a large warehouse glows yellow against the sky, puzzling many people accustomed to the grey of steel.
BMI Group to put Espanola paper mill 'back to work'
Tillsonburg, Ont.-based BMI Group, a property redevelopment company, has bought the shuttered pulp and paper mill in Espanola, Ont. BMI Group is "re-futuring" the mill, a process it has successfully done at other properties in Ontario, Quebec and Michigan.
 | Working Capital Sean Menkes on Canadian real estate, Menkes Developments, opportunities in the industryJesse FragaleHost, Working Capital - The Real Estate Podcast |
Bids for Hudson’s Bay may include company insider
A document distributed to people involved in the Hudson’s Bay Co. sale process strongly suggests a member of the retailer’s management or other insider may be considering a bid for part of The Bay’s operations, assets or leases.
Trophy offices all the rage in Vancouver, says report
Premium office space remains a hot commodity in Vancouver. That’s according to an Avison Young report, which found trophy offices remain in high demand as overall sublease vacancy rates have been nearly cut in half from record highs in 2023.
Wesbild's Marine Landing in Vancouver is complete
Developer Wesbild has announced its second-and-final building at Marine Landing is complete. Starting this month, 140 businesses will be moving into Western Canada’s largest twin stacked industrial strata.
Industrial real estate in Vancouver sees early 2025 shakeup
Vancouver’s industrial real estate market kicked off the year with a notable bump in vacancy, according to an Avison Young (Canada Inc.) report which found vacancy rates rose to 3.8 per cent in Q1 2025.
Rezoning decision nears for Vancouver SkyTrain station redev.
The proponents of the major mixed-use redevelopment of the Safeway grocery store site next to SkyTrain’s Commercial-Broadway Station are close to receiving a rezoning approval. It is the single largest development project within the Grandview-Woodland Community Plan.
Squamish Nation nears milestone on Sen̓áḵw project
The CEO of the Squamish Nation’s economic development arm is touting the progress of the Sen̓áḵw real estate development surrounding Vancouver’s Burrard Street Bridge. Three towers are rising on the site of the 6,000-unit development.
City of Vancouver proposes 27-storey social housing tower
The City of Vancouver’s Non-Market Housing Development Department has submitted an application to develop the city-owned property of 1395 Rolston St. in downtown Vancouver into a 27-storey, mixed-use tower.
Bankruptcy of northern Ontario properties enters final phase
A notorious real estate bankruptcy involving more than 400 properties in northern Ontario is reaching a conclusion. Most of the properties have now been sold – 321 – and prospective buyers have bid on another 12 in a second credit bid process.
Blanket appraisals can save preconstruction deals
Developers and one major bank are turning to blanket appraisals in an effort to save millions of dollars on preconstruction projects. While they help preconstruction buyers close on their properties experts warn the appraisals can hurt purchasers over the long-term.
Trump’s tariffs part fuel, part fire for U.S. manufacturing
President Donald Trump suspended the most sweeping tariff regime in modern history in a post to his social media site this week. For Astrak US' Calum Mair, the pause offers only the smallest of windows to make real estate decisions.
New York's CRE recovery well ahead of other U.S. cities
New York City is at the forefront of the evolving office shift, according to Newmark’s new report, Winning Office: Where U.S. Office Space is Thriving and Why. Manhattan availability fell to 17.8 per cent in the fourth quarter of 2024.
NYC’s tired buildings get multibillion investment
While plans for a sweeping redevelopment of NYC's Penn Station have repeatedly stalled, a US$3-billion investment from Vornado Realty Trust has been reshaping its office district, with 2 Pennsylvania Plaza — the original station entrance — as its cornerstone.
Kroenke planning $10B project for L.A.'s Warner Center
Rams owner Stan Kroenke has unveiled a multibillion-dollar mixed-use project planned for a 100-acre site in Warner Center that includes a new team headquarters. The project could take 10 years to complete and cost US$10B.
Industry Events
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Edmonton Real Estate Forum
May 27 2025
Edmonton Convention Centre
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Land & Development
Jun 05 2025
Metro Toronto Convention Centre - North Building
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Southwestern Ontario Real Estate Forum
Jun 11 2025
to Jun 12 2025
RBC Place London, Ontario
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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