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Hotels sector 'golden child' for real estate investors: CFO Capital

3 days ago

Hotels sector 'golden child' for CRE investors: CFO Capital

An extended run of growth and investment has made hotels a "golden child" of asset classes according to CFO Capital president Mark Kay, whose firm has become a major investor in the sector.

Major Regina office lease buoys Saskatchewan market

Saskatchewan’s office market has received a major boost with the lease of nearly 100,000 square feet at Canada Life Place in Regina, one of the largest commercial real estate transactions in the province in years.

Ackman’s Canadian play: Bullish on Brookfield and RBI

Prominent billionaire investor and founder of Pershing Square Capital Management Bill Ackman's recent portfolio disclosures shed light on two significant Canadian equity holdings that underscore a focus on deep value and durable brand strength.

Walmart opens 550,000-sq.-ft. distribution centre in Vaughan

Walmart Canada has opened a 550,000-square-foot distribution in the GTA. It's the retailer's first Ambient Distribution Centre in Canada, and will use cutting-edge automation, robotics and AI to deliver products to families across Ontario.  

Pension funds urged to pursue 'economic nationalism'

Canada is calling on its $3-trillion pension system to boost domestic investment as it seeks $500 billion in new finance to reboot the economy and lower its dependence on the U.S.

Business confidence still weak as tariff chill holds: BoC

The Bank of Canada’s survey of businesses shows confidence across the country is still weak thanks largely to persistent trade uncertainty from the United States. Many firms are holding back from investing in their operations and expanding payrolls.

Richmond to host meeting on 'consequential' court ruling

A British Columbia mayor hopes an upcoming meeting will give property owners affected by the Cowichan Tribes case more information, calling the decision “one of the most consequential rulings of any court” in Canadian history.  

Geothermal heat goes mainstream in Toronto

Since 2018, the number of approved development applications in Toronto that incorporate geothermal has increased more than tenfold, according to city hall. There are currently 101 approved buildings — mostly condos and rentals — though only eight have opened their doors.

Massive facility under construction at Oakville Ford plant

The Ford Motor Company is expanding its operations in Oakville with the construction of a gigantic stamping plant. The transformation of the plant is a comprehensive overhaul from a gas vehicle assembly operation into an EV manufacturing complex.

BMI Group to redevelop former pulp and paper mill in B.C.

BMI Group has acquired a former paper mill in Mackenzie, B.C. The company redevelops industrial and commercial sites that have run their course. BMI says the size and location of the site point to possible industrial and logistical uses.

Canada's ports can be clean energy hubs: report

Ports can shift from being large sources of pollution to clean energy hubs, a report by London-headquartered professional services firm Arup and global climate network C40 Cities suggests.

A 'fully sovereign' data centre opens in Quebec

A church in Saint-Adrien, in the Eastern Townships, has been transformed into a state-of-the-art sovereign data centre for Quebec's cultural industries. The project is called Orio Cloud and the hope is to open similar centres around Quebec.

Salesforce’s experiment with AI-powered offices

As Canadian companies push employees back to the office, a new era of work is redefining what the workplace even means. Beyond the open-concept layouts and hybrid schedules, a new layer of AI is beginning to influence the office environment.

Rennie calls for 'holistic' immigration debate in B.C.

One of B.C.’s most prominent real estate marketers is calling on Premier David Eby to cash in a little of his political capital to promote the kind of immigration that could boost the provincial economy and housing sector.

Hamilton’s vacant unit tax expected to net city $13M

The inaugural year of Hamilton’s vacant unit tax has yielded a higher number of empty homes than expected and is forecast to result in more revenue for affordable housing than anticipated, the city says in an interim assessment.

Nesto Group takes equity stake in Maple Financial

Maple Financial has announced a new strategic equity investment from Nesto Group, made through its subsidiary CMLS, marking a deeper collaboration between some of Canada’s fastest-growing names in mortgage lending. 

Oxford, Vornado-owned $800M tower loan goes to special servicing

The US$800 million CMBS loan against 650 Madison Ave., a 27-storey, 595,000-square-foot office and retail building in Manhattan owned by Vornado Realty Trust and Oxford Properties Group, has been sent to a special servicer. 

U.S. office vacancy declines for first time since 2019

The office market is recovering as demand sharpens and construction activity continues to slow, a new report says. U.S. office vacancy declined for the first time since 2019, dropping five basis points to 22.5 per cent in Q3.

Downtown L.A. office buildings are selling for huge discounts

Opportunistic buyers are scooping up downtown Los Angeles office properties including the likes of the Gas Company Tower and Aon Center, drawn by the low prices that come with buildings that have a lot of empty space. 

DLC JV to pay $625M for West Coast retail portfolio

DLC, in a joint venture with DRA Advisors, is preparing to acquire a 10-asset, US$625 million grocery-anchored shopping centre portfolio in California and Seattle. Merlone Geier is the seller of the property collection.

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