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Choice buys T.O. warehouse, Cdn. industrial storage for $340M
Choice buys T.O. warehouse, Cdn. industrial storage: $340M
Choice Properties REIT (CHP-UN-T) reports in its Q1 2025 financials it has made $340 million in acquisitions during the past three weeks: a distribution centre from its largest shareholder Loblaw and a portfolio of outdoor industrial storage properties.
ADM buys industrial property from Broccolini
Broccolini has sold land and two buildings adjacent to one of Montreal-Trudeau International Airport’s runways to Aéroports de Montréal (ADM) for $61.5M. Broccolini acquired the Dorval, Que. property at 10325 Ryan Ave. for $27.5M in September 2021.
CFIB economic forecast predicts significant contraction in Q2
A forecast from the Canadian Federation of Independent Business estimates the economy saw muted growth in the first three months of the year and predicts a significant contraction for the second quarter.
How Richard Baker presided over the failure of HBC
When Hudson’s Bay Co. governor and executive chairman Richard Baker sauntered into a ballroom in downtown Toronto in 2012 dressed as Willy Wonka, he was in the mood to celebrate.
Dow's $9B megaproject in Alberta delayed by tariff fears
Michigan-based giant Dow announced it is delaying construction of the company’s $9B net-zero petrochemical project, which is being built in Fort Saskatchewan. Much of the megaproject’s groundwork has been completed, engineering work is finished and long-lead time items ordered.
Big goals for Bioinnovation Centre in Dartmouth
The Nova Scotia government predicts the newly opened Neptune BioInnovation Centre in Dartmouth will create more than 2,400 jobs, $74 million in tax revenue and contribute $334 million annually to the province’s gross domestic product.
Alberta has a big vision to build massive AI data centres
Rural Alberta has rarely been anybody’s first choice to put a data centre. In fact, the entire province has mostly been overshadowed by Ontario, Quebec and British Columbia, places with cleaner electricity grids.
Caisse sells half-a-billion dollars of WSP shares
The Caisse de dépôt et placement du Québec is selling half-a-billion dollars worth of shares in Montreal engineering firm WSP. This is the second time in a year CPDQ has sold a batch of WSP shares.
Retail sales in Canada sprang back in March with 0.7% gain
Consumers may have tried to beat the price hikes of a trade war last month with the biggest spending growth since the holiday season. An advance estimate suggests receipts for retailers rose 0.7 per cent in March, Statistics Canada said Friday.
Third generation tailors Harry Rosen transition
At Harry Rosen, the 71-year-old family-run men’s clothing store, each new generation to take the helm must find their unique contribution to the business’s legacy. The third generation of the Rosen family arrived at a tumultuous time in retail.
EllisDon releases tool to help fast-track home building
It’s no secret Canada has a housing supply problem that is particularly acute in the affordable sector. So, prominent construction firm and development manager EllisDon has released Base Design, a new tool to help alleviate this problem.
Metro Vancouver building only half the housing needed
Over the last five years Metro Vancouver has built housing at only half the rate that its population needs, according to the regional district’s latest housing report, which puts the region’s housing crisis in stark terms.
Guelph greenlights taller residential buildings
The City of Guelph will now allow taller buildings in the downtown and Stone Road/Edinburgh Road areas to boost housing supply as the city is expected to grow to 208,000 people and 116,00 jobs by 2051.
London looks to fast-track large multi-unit buildings
A report coming to London's planning committee outlines a process that will allow developers to enter a fast-track process that combines two approval stages — site plan and building permit — if they commit to getting construction started in 2025.
Court dismisses mysterious $1.4B bid to buy The One
The official sales and investment solicitation process for The One concluded and Tridel was chosen to complete the troubled project, but that did not stop a mysterious entity from submitting a bid to buy the former Mizrahi project.
Investors circling NYC CRE at levels 'unlike we've seen since 2018'
The fundamentals underpinning New York City's office market are the healthiest they've been since before the pandemic. “New York is firing on all cylinders,” Newmark executive vice chairman Adam Doneger said at Bisnow’s CEO and Top Executives Summit.
Synergy pays $227M for Boston office tower, biggest in a string of buys
One of Boston's most active office investors has acquired another tower in one of the largest deals since the pandemic. Synergy acquired the 32-storey office tower at 99 High St. for US$227M from Nuveen.
Trade war pours cold water on CRE market: CBRE CEO
The ongoing trade war kept CBRE from boosting its outlook for 2025 at the end of the first quarter, CEO Bob Sulentic said on the firm's earnings call. But the global brokerage beat analyst expectations in its Q1 performance.
Jack in the Box to sell real estate, close up to 200 locations
San Diego fast food icon Jack in the Box is considering unloading a Mexican fast food chain it owns while shuttering up to 200 underperforming eateries in a turnaround plan announced Thursday.
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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