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Ayrshire puts big focus on Calgary purpose-built rental dev.

1 day ago

Ayrshire puts big focus on Calgary purpose-built rental dev.

Calgary's Ayrshire Group is developing three purpose-built rental projects within its Housing Impact Fund strategy, which builds affordable housing for Alberta’s booming rental market. The projects are to deliver almost 800 apartments plus commercial spaces.

Cologix acquires Calgary data centre hub DataHiveOne

Data centre owner and operator Cologix has expanded into another Canadian city, acquiring what it refers to as DataHive’s “flagship carrier-neutral data centre, DataHiveOne” in downtown Calgary.

Vancouver's rental housing corporation plan voted down

A motion on the recommendation that Vancouver city council create a new corporation tasked with developing an estimated 4,000 units of rental housing on six city properties has failed to secure the votes it needed to pass.

Canderel to manage La Caisse's office buildings

The dismantling of Ivanhoé Cambridge continues at La Caisse, which announced Tuesday it will entrust the management of its office buildings in Quebec to private company Canderel. La Caisse will remain the owner of the buildings.

Brookfield launches PE fund tailored to individual investors

The private equity arm of Brookfield Asset Management Ltd. (BAM-T) is launching its first fund in Canada with no fixed end date that is geared toward wealthy investors who are eyeing private assets as they hunt for higher returns.

Harrison St. unifies global platform to expand investment

Harrison Street Asset Management, the investment management division of Colliers International (CIGI-T), has integrated its affiliated North American investment management businesses, establishing a unified global platform designed to deliver enhanced scale, innovation and performance across real assets.

Morgan's $491M acquisition of Dream Residential approved

The Ontario Superior Court of Justice has issued a final order approving the proposed acquisition of Dream Residential REIT (DRR-UN-T) by an affiliate of Morgan Properties. The transaction is expected to close in late 2025.

Keltic lists 27.1-acre business park site in Richmond

In 2021, B.C.'s largest land transaction was Keltic Canada Development's purchase of the Brighouse West Business Park in Richmond for $300 million. Less than four years later, Keltic has put the property back on the market.

New plan for Pinnacle One Yonge pitches two highrises

Pinnacle International has returned with a major redesign for the final phase of its five-part master plan at One Yonge. The proposal replaces the previously approved office complex with a pair of towers of 80 and 85 storeys.

Chard breaks ground on three towers in downtown Victoria

The skyline of Victoria’s downtown is about to change after Tuesday’s groundbreaking for three residential towers at Douglas and Caledonia streets. The mixed-used project by Chard Developments and the province is on the former site of a White Spot restaurant.

Surrey's moves ahead with downtown entertainment district

Surrey is pushing ahead with a vision to create a new “downtown” hub that would include an entertainment district featuring a 10,000-seat arena for sporting events and concerts, as well as an interactive art museum, hotels and other businesses.

Inside former airport site’s takeoff into mass development

For Northcrest Developments, the challenge of transforming the former Downsview Airport site in Toronto lies in the sheer scope of the undertaking and the decades required to realize its vision.

1,400 Vancouver city staff ordered back to office full-time

The City of Vancouver has ordered roughly 1,400 office-based staff to resume working from the office five days a week, ending highly flexible semi-remote work arrangements that were first introduced at the height of the pandemic.

Feds cancel $13.8M co-working space contract

A company that opened a co-working space in Gatineau for the federal government earlier this year has already shut the office, saying the government ended its $13.8M contract. LAUFT opened the co-working space on Boulevard du Plateau in March. 

Home insurance costs spike in wildfire-prone areas: report

Increasingly potent and frequent wildfires in Canada have contributed to skyrocketing home insurance premiums in areas of high risk, adding another affordability challenge for homeowners, an analysis by Wahi and MyChoice found.

Sofitel Montreal Golden Mile unveils full renovation

Sofitel Montreal Golden Mile has completed a full renovation of its flagship Canadian property, marking what the hotel’s general manager calls a “defining milestone” for the brand in Canada.

Swedish private equity firm EQT plots $250B in U.S. investments

EQT, the world’s second-largest private equity firm, is looking to pour more than a quarter of a trillion dollars into the U.S. The Swedish firm is plotting more U.S. investments via its private capital, infrastructure and real estate business lines.

JPMorganChase unveils $3B, 2.5-million-square-foot global HQ

JPMorganChase has opened its new US$3 billion, 2.5 million-square-foot global headquarters at 270 Park Ave. in Manhattan’s Midtown East submarket. New York City’s largest all-electric tower, the skyscraper features an abundance of indoor and outdoor amenities.

Cautious banks cede CRE lending ground to private capital

Banks of all sizes are shrinking their CRE loan portfolios while facing stiff competition from from private credit. Debt funds are so eager to deploy cash that they are reaching out to developers with projects before they are completed.

CRE moves toward blockchain, with $4T expected to be tokenized by 2035

The CRE market is finally catching up to blockchain, as Wall Street now expects around US$4 trillion worth of CRE properties to be tokenized by 2035, a huge increase from less than US$300 billion in 2024.

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