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W.P. Carey grows portfolio, buys Toronto industrial buildings

1 week ago

W.P. Carey grows portfolio, buys Toronto industrial buildings

New York City-based W.P. Carey’s Canadian growth continues after the firm acquired two Greater Toronto Area industrial buildings as part of a three-property portfolio in a sale-leaseback deal with rigid plastic packaging supplier Polytainers.

Empirio brings property management in-house

Empirio Capital's acquisition of a second multifamily property in Edmonton has allowed the young, growing firm to make a structural change in its property management in the city, bringing those operations in-house as it scales up.

Alberta tries to legislate ban on lawsuits about AIMCo losses

The Alberta government is proposing new legislation to prevent public sector pensions from suing the Alberta Investment Management Corp., or AIMCo, for decisions made before November 2024.

RECO has not followed 'standard process' for years

Ontario’s real estate watchdog failed to follow its own procedures in the majority of its most serious trust account misconduct cases over the past five years, a Toronto Star investigation has found. 

Alberta to prioritize AI data centres with power generation

Data centre projects that come with the ability to generate their own power will be prioritized in Alberta under new legislation, as the province grapples with how to embrace the burgeoning sector but avoid straining the public grid.

The resilience of the GTA industrial investment market — cash flow is now king

The GTA industrial investment market remains resilient in 2025. Despite the narrative of a “slow market”, 2025 is tracking as the third-strongest year on record for GTA industrial investment by dollar volume - behind only the exceptional 2021–2022 period.

Sponsored by: Colliers Canada

British Columbia's speculation tax to rise in 2026

B.C.’s speculation and vacancy tax is to rise in the new year even as the federal government scraps its underused housing tax, raising questions about whether such taxes are effective, legal and necessary in today’s depressed market.

Property owners claim they were misled on Cowichan claim

A proposed class action lawsuit accuses the federal and B.C. governments of keeping property owners in the dark amid the Cowichan Tribes Aboriginal title ruling. The lawsuit appears to be the first separate civil suit to emerge from the ruling.

Former Citytv building in Toronto for sale for $34.5M

The former Citytv and Olympic Spirit Toronto building is for sale for $34.5M. That price tag comes with 56,514 square feet on 0.19 acres at 33 Dundas St. E. in the heart of downtown Toronto. 

Developer puts Edmonton BMO land up for sale, asking $6M

For sale signs have gone up on the much-talked-about downtown site of the demolished Bank of Montreal building. The site, owned by Regency Developments, is listed by Omada Commercial with an asking price of $6 million.

Two corporate offices announced for downtown Toronto

Downtown Toronto is a hub for some of the world’s best and most important companies. Now, it’s also home to two new workspaces. On Nov. 25, both KV Capital and Zip announced they've opened new offices in Toronto.

Condo towers, commercial buildings proposed in Brampton

The City of Brampton is reviewing a proposed development that would include four residential towers and four commercial buildings at the Turnberry Golf Course. The proposal is for four residential buildings comprising 945 residential units.

Oakville seeks meeting over high-density, 11-tower plan

Oakville Mayor Rob Burton will attempt to meet with the province to further the town’s case for responsible midtown development. The town opposes a provincially backed plan that would amp up development around Oakville GO station.

Grand opening of bonap: Alexis Nihon’s new food court

bonap, the new food court at Alexis Nihon shopping centre in Montreal, is now open, Quebec-based Cominar has announced. Following its renovation the food court now hosts 13 restaurants.

Moomoo plants a fintech flagship on Bloor Street

Toronto’s Bloor Street luxury corridor has welcomed a new occupant, and it is neither a fashion label nor a jeweller. Moomoo Financial Canada has opened its first Canadian bricks-and-mortar presence at 95A Bloor St. W.

Brookfield, GIC bid $2.6 billion for National Storage

Brookfield Asset Management Ltd. and Singapore’s GIC Pte offered to buy Sydney-listed National Storage REIT in a deal valuing the self-storage provider at US$2.61 billion (A$4.02 billion). National Storage operates more than 270 storage centres.

EQT Real Estate closes sale of 8.7-million-sq.-ft. portfolio

EQT Real Estate has completed the sale of a 25-property, 8.7 million-square-foot logistics portfolio located in major distribution hubs in what it calls the largest U.S. industrial transaction to date this year.

Midsized deals drive 28% surge in CRE transaction activity

There were US$34.6B worth of “major” commercial real estate transactions finalized last month in the U.S., up 28 per cent from September, according to a report from CRE data analytics firm LightBox.

Fire engulfs Hong Kong tower blocks, killing at least 13

A major fire has engulfed an eight-tower, high-rise complex in Hong Kong, killing at least 13 people. There are close to 2,000 units in the housing complex on fire, according to the Hong Kong Housing Authority.

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