Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

GWLRA acquires T.O.'s Citigroup Place; full ownership of Calgary's Gulf Canada Square

1 day ago

GWLRA acquires Toronto's Citigroup Place office complex

GWL Realty Advisors recently completed two large acquisitions pertaining to two landmark office buildings, joining a growing list of institutional investors that have shown a strong conviction in high-quality office assets.

Sienna, Fiera form JV to expedite $625M in LTC projects

Sienna Senior Living (SIA-T) and Fiera Infrastructure have formed a joint venture with the objective of expediting $625 million in long-term care redevelopment projects in Ontario. Sienna announced the partnership with Fiera's Canadian Built Opportunities Fund on Tuesday afternoon.

Oxford Capital sells 7 senior housing properties for $70.8M

Oxford Capital Group has announced the sale of seven senior housing properties located throughout Ontario. The properties were part of a 15-property Ontario senior housing portfolio acquired by Oxford and its partners in two tranches in 2018 and 2019.

Canad Inns puts three Winnipeg buildings up for sale

Downtown Winnipeg's Radisson Hotel, the adjacent Somerset Building and the Metropolitan Entertainment Centre are up for sale as the Canad Inns corporation seeks to divest itself of properties along the Portage Ave. corridor.

Etobicoke, North York approve projects for 17,000+ homes

The second in UrbanToronto’s series covering Toronto City Council’s extra-large July planning docket turns from last week’s Toronto and East York Community Council approvals to the western and northern parts of the city.

Château Montebello sale being contested

The sale of Château Montebello to Toronto-based Westmont Hospitality is being challenged in Superior Court by a group of Quebec investors, which could delay the completion of this anticipated transaction.

B.C. billionaire Ryan Beedie buys into Vistara Capital

Vancouver billionaire Ryan Beedie has acquired a half-stake in technology financier Vistara Capital Partners and will anchor an upcoming Vistara fund. Beedie Capital has committed to provide up to US$125 million, representing one-quarter of the fund’s capital.

Imperial Equities buys industrial warehouse for nearly $11M

Imperial Equities Inc. (IEI-X) announced today that it has completed the purchase of the Wajax building located on 11115 100 Ave., Grande Prairie, Alta. The transaction closed on July 31 with a purchase price of $10.95 million.

Quebec-based Canada Tire files for creditor protection

Quebec-based tire distributor Canada Tire has filed for creditor protection under the Companies' Creditors Arrangement Act. The company has six distribution centres in Quebec and a 113,000-square-foot warehouse in Salaberry-de-Valleyfield.

RioCan sees committed retail occupancy hit 98.8% in Q2

RioCan Real Estate Investment Trust (REI-UN-T) announced its financial and operating results for the three and six months ended June 30, indicating retail committed occupancy rose to 98.8 per cent, which “reflects sustained demand in a supply-constrained environment."

Brookfield earnings jump on fee-related profit

Brookfield Asset Management Ltd. (BAM-T) reported a 20-per-cent increase in fee-related profits, which reached US$808-million in the second quarter, and record fundraising driven by its acquisition of British insurer Just Group PLC.

Anzar Group's AI tool looks to tame a chaotic RE market

While commercial real estate deals are rebounding from a lengthy post-pandemic slump, Anzar Group co-founder Justin Salazar says his firm recently launched an artificial intelligence tool intended to simplify and streamline the transaction process.

Hamilton former film studio faces financial uncertainty

A B.C.-based credit union is attempting to force the owner of Hamilton's Aeon Bayfront Studios into receivership. Coast Capital Savings Federal Credit Union has asked a court to appoint a receiver over 243 Queen Investments.

Canada must overcome the AI data centre backlash

AI and the hardware that supports it are quickly becoming general-purpose inputs into science, business, national defence and health care. Canadians need dependable infrastructure to store, process and protect the data behind those uses.

Ken Griffin, Vornado near record $3.3B loan for NYC office

Ken Griffin isn't abandoning New York City after all. The Citadel billionaire, along with partners Vornado Realty Trust and the Rudin family, is close to securing a US$3.3B construction loan for a new office tower on Park Ave.

Industry Events