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Oxford completes $115M luxury renovation of Banff’s Rimrock Resort

5 days ago

Oxford completes $115M luxury renovation of Banff resort

A $115-million investment into Rimrock Banff refreshes the Alberta hotel with wellness amenities, ways to soak in the natural beauty of the Rocky Mountains and a first-of-a-kind luxury branding.

Altus Group secures certification for responsible AI use

Altus Group has earned an international certification for its AI governance practices. CEO Mike Gordon says it's a move the CRE intelligence firm hopes will strengthen client confidence in its technology and help differentiate it in an increasingly crowded market.

DP World signs MOU to help develop Port of Churchill

DP World Ltd. has signed a memorandum of understanding with Manitoba’s Port of Churchill to explore further development of an expanded northern shipping corridor. The partnership could link the port with the Hudson Bay Railway and CentrePort’s inland facilities.

Corcoran Horizon's commercial arm targets missing middle

Corcoran Horizon Realty has launched a dedicated commercial division in Hamilton, Ont., with plans to expand across other Ontario secondary markets.

Couche-Tard offers up to $8B for Cumberland Farms

Alimentation Couche-Tard has submitted an acquisition offer for Cumberland Farms. The purchase offer is valued at between US$7.5 billion and US$8 billion. Formerly known as EG Group, Cumberland Farms has approximately 3,300 stores in its network.

N.S. weighs $10B data centre’s promised economic benefits

The proposal has thrust Nova Scotia into a debate that has exploded across Canada in recent months as massive AI corporations race to build computing capacity in areas with enough electricity and water to feed the resource-gobbling sector. 

N.B. data centre debate highlights cross-country tension

Chris Watson says he was very concerned when he reviewed a New Brunswick business development agency’s recent correspondence about data centres. Watson has been at the forefront of citizen-led opposition to a major data centre project in Saint John.

AI data centre sparks political showdown in Scarborough

During past election cycles, STACK Infrastructure’s Scarborough data centre was not controversial. However this year, the site became the centre of mounting public discourse after the developer filed plans to expand the relatively small facility from eight megawatts to 56.

Nearly 280,000-sq.-ft. retail centre for sale near Calgary

The Shops at retail centre Buffalo Run on Tsuut’ina Nation land, just outside of Calgary, is for sale. CRE firm JLL is offering for sale a 100 per cent leasehold interest in The Shops, a 279,756-square-foot retail power centre.

Halifax Wanderers stadium could generate $115M: study

A new report on the potential economic impact of the proposed downtown Halifax soccer stadium shows significant short-term and long-term benefits. Among the highlights for the construction period alone were a $75-million injection into the local building sector.

Groupe Valiance plans $20M ski resort at Le Valinouët

Groupe Valiance has unveiled Le Versant, a $20-million condo-hotel project at the base of the slopes at Le Valinouët ski hill in Quebec. Set for completion in spring 2028, the 40-unit development aims to boost year-round tourism.

Doppelmayr opens $60M Quebec factory amid a trade war

A multinational company specializing in cable and aerial transport solutions has invested $60 million in a new factory in Saint-Jérôme, Que., northwest of Montreal, during a period of economic uncertainty.

Walmart opens Supercentre in Fort McMurray

Walmart Canada opened a new 140,000-square-foot Supercentre in Fort McMurray, Alta., on Thursday. Located at 1053 K. Sawatzky Blvd., the Supercentre replaces the retailer’s location in the city’s downtown, which closed on Wednesday.

Construction kicks off on LiUNA's The Benjamin in Toronto

A new purpose-built rental community in Toronto’s Entertainment District has kicked off construction. The LiUNA Pension Fund of Central and Eastern Canada project is part of the Fengate Communities portfolio, and is set to deliver 528 new rental homes.

BKM Capital advances $3B industrial investment spree

BKM Capital Partners has already spent US$2.8B on 72 assets so far this year, surpassing its original US$2.3B target for 2026, according to Brett Turner, BKM’s recently promoted chief investment officer.

Ex-Blackstone dealmaker raises $1.9B for real estate bets

Former Blackstone Inc. dealmaker Tyler Henritze’s real estate investment firm raised US$1.9 billion for its second fund, surpassing its target by more than 25 per cent despite a shaky recovery for the sector.

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