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QuadReal, LaSalle create JV for $692M industrial portfolio

5 days ago

QuadReal, LaSalle create JV for $692M industrial portfolio

Vancouver-based QuadReal Property Group has created a partnership with global investment manager LaSalle Investment Management to recapitalize a $692-million (all figures Cdn) portfolio of 11 industrial properties in the United States.

Mini Mall closes $750M initial unsecured debenture offering

Mini Mall Storage Properties Trust kicked off December by announcing a new structure for $1.25B of debentures and credit facilities, including what it calls Canada’s “largest-ever inaugural unsecured debenture offering by a real estate issuer,” valued at $750M.

Tough times for Montreal-based Brivia Group

Times are tough for Brivia Group, one of Montreal's most prominent real estate developers in recent years. The company has just abandoned a downtown building project because it defaulted on a loan. 

Fairstone to buy Laurentian Bank in deal worth $1.9 billion

Laurentian Bank of Canada has struck a deal to be taken over by Fairstone Bank of Canada in an all-cash deal valued at $1.9B as part of the lender’s strategy to focus on its commercial business.

'Flight to quality' improves outlook for office market

Canada’s office real-estate market is showing signs of recovery. Third-quarter data from real-estate firms such as CBRE, Colliers and Avison Young show downtown vacancy rates decreasing in most major markets for the first time since the pandemic.

Beyond boundaries: How connected data drives success across commercial & residential real estate markets

Canada’s commercial property market is settling into a new rhythm. Owners and operators are learning that the best way to stay competitive isn’t guessing where the market will go next, it’s knowing what’s happening inside their own portfolios today.

Sponsored by: Yardi

Canadian investors shop abroad for data centres

Canadian investors have been actively shopping abroad for data centres over the past three years. New analysis from MSCI shows 40 per cent of outbound capital for CRE flowed to that asset class from January 2023 to September 2025.

Do AI data centres have a PR problem?

You’d drive by CAL-2, an unassuming warehouse-like building and the largest operating data centre in the Calgary area, without ever realizing it has 26 megawatts of power capacity to run what’s inside — enough electricity for roughly 26,000 homes.

The REM is already having an effect in downtown Montreal

The Réseau express métropolitain (REM) will undoubtedly be a powerful driver for increasing customer traffic in downtown stores. Already, foot traffic jumped by 60 per cent at the Eaton Centre, beneath which one of the new stations is located.

Former HBC space at Lime Ridge Mall in demand: Primaris

The owner of Hamilton’s Lime Ridge Mall says there is “strong demand” for the space left behind following the closure of Hudson’s Bay earlier this year. The former Bay left behind roughly 125,300 square feet of space at the mall.

Cost for Vancouver's PNE amphitheatre triples to $183.7M

The cost to build a covered 10,000-seat amphitheatre on the grounds of the Pacific National Exhibition has tripled since the council of the day in June 2021 approved a $64.8-million budget for the project.

Questions arise over Brampton mayor's real estate moves

A numbered company registered to Mayor Patrick Brown and his wife has bought two properties on Main Street in downtown Brampton at the city’s historic centre. The properties are slated for ongoing redevelopment under a plan to “revitalize the downtown core.”

Ontario fires entire RECO board following iPro scandal

The Ontario government has fired the entire board of directors at Ontario’s real estate regulator to fix what its premier on Monday called “a total mess.” All eight members of its board were dismissed, RECO confirmed.

Dire state of GTA, GGH new home market may intensify

The struggling new home market across the Greater Toronto Area (GTA) and Greater Golden Horseshoe (GGH) is poised to worsen before conditions improve, according to a new comprehensive report commissioned by the Residential Construction Council of Ontario.

Budget office sees modest boost in housing supply from BCH

The parliamentary budget office projects Ottawa’s new housing agency will fill only a small gap in the market. The fiscal watchdog also warns that overall federal housing spending is set to decline by 56 per cent over the next three years.

Port Moody approves rezoning for 1,000-condo project

Port Moody has approved a major rezoning that clears the way for Beedie Living’s three-tower transit-oriented development in Moody Centre. Council voted 5-1 to adopt OCP and zoning amendments enabling more than 1,000 market condos.

OpenAI reportedly faces $200B funding gap for data centres

OpenAI may need to find new sources of capital to fund its aggressive data centre spending. The ChatGPT maker will need US$207B in new financing by 2030 to pay its data centre rent bills, according to HSBC.

Cannon Hill, TriPost enter $1.5B office joint venture

Cannon Hill Capital Partners has entered into a partnership with TriPost Capital Partners to expand its office footprint. The joint venture intends to invest up to US$1.5B in distressed assets in New York City, Washington, D.C. and Boston.

Ares launches Marq to unify its logistics real estate platform

Alternative investment firm Ares Management Corp. is consolidating its logistics real estate platforms across the Americas, Europe and Asia-Pacific under a new brand, Marq Logistics. Marq Logistics will manage a portfolio of about 2,000 properties.

Boston rental market cools, landlords 'willing to do anything'

Boston real estate agent Jax Crerar is telling landlords to cut rents — fast. It’s a heel turn for a city that for years saw cut-throat competition among renters, thanks to its robust biotechnology industry and a network of elite universities.

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