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Leyad buys Alberta's Lloyd Mall regional shopping centre

4 days ago

Leyad buys Alberta's Lloyd Mall regional shopping centre

Montreal-based Leyad has made another addition to its rapidly growing retail portfolio with the off-market acquisition of Lloyd Mall in Lloydminster, Alta. The mall has 37 stores, services and restaurants in over 200,000 square feet of gross leasable area. 

There are good CRE investment opportunities to be had

Canadian real estate remains attractive to foreign investors for several reasons, including its political stability, tax structure and certainty, and how it has outperformed the American market — and with less volatility — over the past 20 years.

Court upholds Beedie's lower rent at Kingsgate Mall

The Vancouver School Board has failed in a bid to have the B.C. Court of Appeal overturn lowered rent for the Kingsgate Mall site it leases to Beedie Development Group.

B.C. land claims are a problem 150 years in the making

Shortly after British settlers established the Colony of Vancouver Island in 1849, governor James Douglas signed a flurry of treaties with the region’s First Nations to secure lands for fur trapping, mining and other activities, known as the Douglas Treaties.

National housing supply made strides in 2025: CMHC

Canada’s housing agency says the country made “meaningful” supply gains last year thanks to record rental construction and more “missing middle” class housing, however short-term imbalances remain for several markets.

Valuable properties on the block in Calgary tax auction

Calgary is once again preparing to auction off tax-delinquent properties via the yearly public real estate auction. Some of the most expensive properties on the list are a parcel in Symons Valley and a commercial property in Oakridge.

SmartStop announces land acquisition in Edmonton

SmartStop Self Storage REIT (SMA-N) announced it has acquired a 1.75-acre parcel of land in Edmonton, which it intends to develop into a new class-A self-storage facility in partnership with SmartCentres (SRU-UN-T).

Northwest renamed Vital Infrastructure Property Trust

Northwest Healthcare Properties Real Estate Investment Trust (NWH-UN-T) announced it has completed its name change to Vital Infrastructure Property Trust. The REIT will now trade on the TSX under its new ticker symbol VITL-UN-T.

Controversial tower proposal rejected in Vancouver

A controversial multi-tower proposal in Strathcona has been sent back to the drawing board by Vancouver council. Westbank had partnered with the Promerita Group on the proposal, for two rental buildings and a third offering social housing.

Peterson proposes rental towers in Vancouver

Fresh off of a brand refresh, Vancouver-based Peterson is now advancing one of its largest planned projects to date, according to a new rezoning application published by the City of Vancouver last week.

Developer told to remove illegal storeys from N.S. build

It was a rock and a hard place for Halifax regional council: either order a developer to deconstruct the two storeys the firm built without a permit, or give it an exception to the rules.

Cadillac Fairview polishes plans for Fairview Mall site

All across the GTA, malls are being reimagined into sprawling mixed-use communities — a movement that’s bringing more housing to transit-oriented sites, while lending fresh relevance to retail. Cadillac Fairview's plan for Fairview Mall has been in limbo since 2022.

What's next for Roots as it mulls sale?

Roots Corp. made headlines last week after a surprise announcement it had initiated a strategic review that could culminate in a sale of the company. Roots currently has 115 stores across Canada.

Irving looking to develop retail properties in N.S.

Windsor, N.S. may soon see a few more retail stores setting up shop. J.D. Irving, which owns a large swath of land near the town, has received the green light to proceed with development of a number of retail properties.

Fiera invests $28M into Starlight Energy's solar projects

Fiera Infrastructure Private Debt has provided $28 million in financing for European renewables developer Starlight Energy to build out its Alberta solar energy portfolio, a bet on the fundamentals of the province’s clean energy sector.

Morgan Stanley real estate fund raises $2.9B

Morgan Stanley’s real estate investment division has raised US$2.9B for a new opportunity fund, one of the largest fund-raises of this real estate cycle. This was the first close for North Haven Real Estate Fund XI Global.

Gillette to develop $1B new headquarters in South Boston

Gillette's parent company plans to build the personal care firm's new global headquarters and innovation centre in South Boston, choosing to locate the new HQ near its current one after a years-long search. 

Flexential eyes $1.4B financing deal for data centre collection

Flexential is seeking to secure a US$1.4 billion financing package backed by 28 data centres, according to a KBRA presale report. KeyBank National Association is acting as servicer.

AI 'man camps' hope to lure workers in Texas with steaks, golf

A lucrative niche is developing for companies including Target Hospitality Corp. and Civeo Corp., that specialize in mobile housing, as data-centre development explodes into rural areas with little housing and few amenities.

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