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Two major Brivia Group developments placed into receivership
Two major Brivia Group projects placed into receivership
Montreal developer Brivia Group has announced that two of the city’s largest developments, Mansfield Condos and all three phases of Philips Square, have been placed into receivership.
Granite buys, sells $482M of U.S., U.K. distribution centres
Granite REIT (GRT-UN-T) has acquired five U.S. properties for approximately $256.1 million, adding 1.2 million square feet of distribution facilities in Texas and Florida to its portfolio. It also acquired a U.K. property and divested three U.S. assets.
Romspen’s redemption crisis exacerbated by large loans
Romspen Investment Corp.’s flagship real estate fund is struggling to recover money lent to several “large, complex” projects, according to a newly formed investor advisory committee, shedding light on the three-year crisis that has prevented investor redemptions.
Menkes cancels condo tower set to replace strip club
A massive 48-storey condo tower planned where a once iconic Toronto landmark stood for decades has been cancelled by a major developer. Menkes Developments’ 520-unit condo project, called Elektra Condos, was set to replace Filmores Gentlemen’s Club.
Ontario to pause MTSA affordable housing requirements
The Ontario government is proposing to delay new affordable housing quotas in private residential developments near major transit stations until 2027. The rules, known as inclusionary zoning, require a percentage of affordable housing in developments within zones around transit stations.
RTO mandates drive commercial renovation surge in Toronto
Seeking to retain talent amid return-to-office mandates, many companies are investing in renovations to their existing commercial workspaces — adding amenities, sprucing up tired-looking spaces and re-jigging floorplans, according to industry experts.
Oxford fights transfer of former HBC lease to Fairweather
Yorkdale mall’s landlord fought in court Wednesday to block retailer Fairweather from taking over the prime space left vacant by Hudson’s Bay’s exit. Oxford Properties told a judge in Ontario Superior Court it does not consent to a proposed sublease.
GWL Realty's $154M deal for redesigned Northland Village
People who live in the northwest sector of Calgary have seen a lot of changes to what was known as Northland Village Mall, which was built in 1971 as an enclosed, one-level shopping mall.
16-acre new OpenRoad Automall planned for Surrey
OpenRoad Auto Group has plans to build a new major auto mall in Metro Vancouver, with this latest location situated in Surrey. The 16-acre property contains a warehouse built in 1976 and surface parking lot areas.
Nearly 100,000-sq.-ft. industrial building for Sherwood Park
A new industrial building is in the works just east of Edmonton, a nearly 100,000-square-foot facility being built in Sherwood Park. The building will be called the Acuren Hub and York Construction will have a hand in its development.
Birch Hill takes control of the Montreal-based company Velan
The three sons of the founder of industrial valve manufacturer Velan agreed to sell all the company's voting shares for just over $200M to Toronto private equity firm Birch Hill. Velan operates 11 manufacturing plants in nine countries.
Bombardier to build $100M manufacturing plant in Montreal
Bombardier Inc. will spend about $100 million to build a new manufacturing plant in Montreal as the maker of luxury private jets plots an increase in production capacity to meet strong industry demand.
18-storey hotel proposed for heritage site at Bay and Elm
An 18-storey hotel is planned for a heritage-listed site in downtown Toronto’s Discovery District, at the southwest corner of Bay and Elm streets. Designed by Arcadis for Lanterra Developments, the project would deliver 234 hotel suites.
Saint John touted as 'hidden gem' for AI data centre
VoltaGrid and Beacon AI Centres want to bring a data centre to Saint John because of its fibre system. Former premier Frank McKenna says this dark fibre infrastructure comes from innovations made decades ago by former telephone company NBTel.
Artis and RFA Capital update on timing of merger closing
Artis REIT (AX-UN-T) and RFA Capital Holdings Inc. have announced the closing of the previously-announced plan for RFA to acquire all units of Artis is anticipated to occur during the week of Feb. 1.
Real estate podcasts
Salvatore Iacono, Cadillac Fairview: Portfolio strategy at scale, CRE Podcast
Joint ownership, land leases & creative property structures, Canadian RE Investor
Vanccouver RE update: Prices hit three-year low, Vancouver Life RE Podcast
Blackstone funds $475M distribution centre in North Carolina
Ahold Delhaize USA and funds managed by Blackstone Credit & Insurance will invest US$475 million into the development of a one-million-square-foot automated distribution centre in Burlington, N.C. Construction will begin this quarter, with full completion expected in 2029.
CRE brokers poised to cash in on wave of corporate mergers
With many analysts predicting a frenzy of mergers and acquisitions throughout American boardrooms in 2026, commercial real estate stands to gain as consulting and portfolio management gigs help new megacorporations rightsize their spaces.
L.A. Rams owner is the largest private landowner in the U.S.
The purchase of a New Mexico ranch nearing one million acres tipped the scales for Stan Kroenke, who is now the largest private landowner in America. Kroenke, 78, leads a pack of billionaires eager to beef up their rural portfolios.
In the fight for office tenants, developer delves into psychology
One of London's biggest office developers is looking to tap into the minds of potential tenants by using the principles of behavioural psychology in the design of a new C$1.4B (£750M) skyscraper.
Industry Events
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Québec Apartment Investment Conference
Feb 04 2026
Palais des congrès de Montréal -
BUILDEX Vancouver
Feb 11 2026
to Feb 12 2026
Vancouver Convention Centre West -
Real Capital
Feb 24 2026
Metro Toronto Convention Centre North -
MIPIM - The Global Urban Festival
Mar 09 2026
to Mar 13 2026
Palais des Festivals, Cannes, France -
Vancouver Real Estate Forum
Mar 31 2026
to Apr 01 2026
Vancouver Convention Centre West
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