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B.C.'s Upfield Capital expands into Alberta, buys logistics property

4 hours ago

Upfield Capital expands into Alberta, buys logistics property

Attracted by what its leaders describe as an attractive business environment and economic opportunity, Upfield Capital has purchased an industrial site just outside of Edmonton that houses a Home Depot distribution centre and includes several acres of developable land. 

First National completes $2.9-billion privatization deal

First National Financial Corp. has officially completed its $2.9-billion privatization deal, marking a major ownership shift for one of Canada’s largest non-bank mortgage lenders. The transaction was first announced in July.

Paused Metrolinx station throws lakeshore dev. into limbo

The proposed Park Lawn GO station was one part of a massive development planned for the former site of the Mr. Christie’s Cookie Factory on Lake Shore Boulevard West. Both the station and the development are now in limbo.

Number of empty, unsold Metro Vancouver condos rises

The number of completed, empty and unsold condos and townhomes in Metro Vancouver continued to climb in Q3. But this trend could start to taper off as developers pull more projects off the market or convert them into rentals.

Vancouver vote leaves housing projects in doubt

Vancouver council’s decision not to create a municipally owned market housing corporation creates uncertainty for thousands of homes envisioned for city-owned lands. But Tuesday’s decision not to create the new entity does not kill the projects outright. 

FRAMEWORK: Partnering to deliver affordable housing

Canada’s housing challenge needs proven solutions. VanMar’s FRAMEWORK system delivers what governments are asking for: fast, green, affordable housing built with Canadian materials and expertise.

Sponsored by: VanMar Constructors

Toronto’s skyline enters new chapter with One Bloor West

Toronto’s One Bloor West is moving forward after years of development turmoil and has already reached a significant milestone that signals a new chapter for high-rise development in Canada. It became Canada’s first supertall tower in June.

Nearly an entire Calgary street of homes is for sale for $6.5M

Nearly an entire street of homes in Calgary is for sale for $6.5 million. Nestled in the community of West Hillhurst, six residential lots at 2409 5 Ave. N.W. have been consolidated into one offering.

Victoria Press Building enters receivership with $41M owing

Just a few years after being restored and transformed by Merchant House Capital, the iconic Victoria Press Building has been placed under receivership, according to B.C. Supreme Court filings obtained by Western Investor.

Key numbers from Ottawa's big, final Lansdowne 2.0 report

On Nov. 7, the mayor of Ottawa is urging city council to press go on Lansdowne 2.0 and "finish the job" started nearly two decades ago. The project is now estimated to cost $418.8 million.

New hotel in Vancouver wears its giant heart on the wall

Vancouver’s newest hotel is located in the historic Chinatown district. The 10-storey Keefer House, at 123 Keefer St., offers 58 guest suites under a fully furnished, designer boutique apartment-hotel concept.

Vancouver police end probe into building inspectors

The Vancouver Police Department has concluded its investigation into allegations that City of Vancouver building inspectors were taking bribes and determined there was “insufficient evidence” of a criminal offence to recommend charges.

Ultrawealthy pour billions into private credit and real estate

The richest families in North America are quietly reshaping how they invest their money – trading the high-risk thrill of startups for the steady pull of private credit and property.

Real estate podcasts

Jeff Kennedy, Troika: Rising fast, staying grounded, People Who Perform
Jason Parravano, Plaza REIT: Why retail spaces are a great bet today, CRE Podcast
Jon Switzer & Amanda Lam, Impact: Where the smart money moves next, VCREP

Pension funds take the off-ramp from office landlord status

Historically, retirement funds have been major owners of New York City’s office buildings. But some of the city’s largest office deals this year have come from pension funds offloading those properties as the institutions reevaluate their portfolios.

Sonder seeks creditor deal to avoid bankruptcy

Sonder Holdings Inc., an online rental company that focuses on boutique apartments, is pursuing an out-of-court agreement with creditors in a last-ditch effort to avoid a bankruptcy filing. The San Franciso-based company was originally formed in Montreal.

More investors flocking to CRE secondaries in search of liquidity

Investors’ persistent inability to access their capital has boosted the popularity of the real estate secondaries market, helping these transactions move from a CRE niche play to a major source of cash for the industry.

Chinese real estate tycoon to build luxury Manhattan condos

Chinese property tycoon Zhang Xin, who built her fortune shaping China’s skylines with commercial development firm Soho China Ltd., is seeking to expand her bet on New York City real estate.

Industry Events