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Integral Strategic partners with Porte on two Calgary rental projects

2 weeks ago

Integral Strategic, Porte partner on 2 Calgary rental projects

Vancouver-based real estate firm Integral Strategic Real Estate is moving ahead with two rental housing projects in Calgary in partnership with Porte Communities as it expands its development pipeline in the city.

Quartier Molson project breaks ground in Montreal

An official groundbreaking ceremony took place on Wednesday at the site of Montreal's iconic former Molson brewery complex, marking the beginning of construction on Quartier Molson. Once complete, it will become the city's newest neighbourhood.

BTB acquires Alberta industrial property for $18.75M

BTB Real Estate Investment Trust (BTB-UN-T) has acquired a single-tenant industrial property in Acheson, Alta., for $18.75 million, excluding transaction costs and adjustments. This transaction reflects BTB's ongoing focus on growing its industrial portfolio.

Ottawa planning 'hyperscale' $1.5B data centre

The federal government is in the early planning stages of a project to design and build a large data centre somewhere in the National Capital Region amid “unprecedented” demand on the power grid.

Terra Bona’s two-tower site sold under receivership

After being placed under receivership last December, the Grandview Tower project in Markham, Ont., has officially been sold, according to filings in Ontario Superior Court. The 0.95-acre development site has been approved for two towers with 873 total units.

Pause or proceed? How economic uncertainty is reshaping real estate decisions

The market isn't on pause. Capital has moved. With uncertainty here to stay, waiting for more visibility is no longer the safer bet. What moves a project forward today is its ability to hold up across several scenarios.

Sponsored by: Laurentian Bank

Caffé Artigiano sells to Purebread Bakery in $7.7M deal

Operating efficiency has prompted two iconic B.C. coffee-and-pastry chains to combine, bringing a total of 27 locations. Vancouver-based Purebread Brands Inc. has signed a letter of intent to buy Caffè Artigiano and related companies in a deal worth $7.7M.

London lands 90,000-sq.-ft. pharmaceutical plant

London, Ont., has landed a 70-job pharmaceutical manufacturing plant, the latest drug maker to join what has become a growing industrial sector for the city. On Wednesday, city council approved a land sale for Pharmaline's 90,000-square-foot plant.

Cohere to open third Canadian office in Ottawa

Toronto AI company Cohere is opening its third Canadian office, this time in Ottawa's The Glebe neighbourhood. Cohere’s nearly 30 employees in the Ottawa region who work in go-to-market, engineering, infrastructure and security roles will use the office. 

New, post-COVID GTA housing market emerging

For years, Toronto’s new condominium market ran on a simple assumption: buy before construction, wait and watch the value rise. That assumption survived recessions, policy changes and countless warnings about oversupply. It did not survive the aftermath of COVID.

KingSett proposes redesigned set of 46-storey condos

KingSett Capital has submitted revised plans for an infill redevelopment at 7 Labatt Ave. near Toronto’s Regent Park. Following the site’s receivership, the developer is proposing two 46-storey condominium towers, revised from an earlier 44- and 48-storey concept.

Dream Industrial REIT announces $300M offering

Dream Industrial REIT (DIR-UN-T) has priced a private placement of senior unsecured debentures consisting of $300 million aggregate principal amount of 4.416 per cent Senior Unsecured Debentures, Series I, maturing on Oct. 22, 2030.

Jasper wildfire recovery: The complex rebuild

Rebuilding Jasper after the July 2024 wildfires means more than a return of tourists and international visitors. Two years on from the disaster, the town continues to rebuild – both with housing and the repair of infrastructure hidden beneath the streets.

Chicago office tower sells for $550M to Zara founder

Amancio Ortega, the founder of the fashion retailer Zara, reportedly acquired the 51-storey office tower at 1 N. Wacker Dr. for about US$550M, one of the priciest office deals in the country this year.

Brookfield-backed Castlelake issues $1.1B CRE CLO

Global investment manager Castlelake is entering the commercial real estate collateralized loan obligation market with a US$1.1B issuance. Castlelake is backing the offering with collateral interests secured by 26 properties.

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