Array Choice Completes $61.7M Worth of Deals Ontario + Canada + Retail | May 8, 2024 Blenz Coffee Expanding to GTA Ontario + Canada + Pacific Canada + Retail | May 8, 2024 Canadian Private Investors Still Dominate Acquisitions Canada + Pacific Canada + Finance | May 8, 2024 FEATURED STORY Canada CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More Canada Stories More Stories Connect CRE & Industry Events Load MoreMore Events Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest Alberta & Prairies Stories Calgary Indoor Farm Officially Opens Alberta & Prairies + Industrial | May 8, 2024 GoodLeaf has officially opened its Calgary vertical indoor farm. Recent reports pegged the total investment as $52 million. It was previously reported to be $56 million. The facility is the largest of its kind in Canada, and the first in Western Canada for GoodLeaf, a subsidiary of Bedford, N.S.-based TruLeaf. The province provided GoodLeaf with … Boardwalk to Develop Marda Loop MF Project Alberta & Prairies + Canada + Cross Border News + Apartments | May 7, 2024 Boardwalk REIT plans to develop a 135-unit rental residential project in the Marda Loop area of southwest Calgary. The Calgary-based REIT, which focuses on multi-family real estate investments, said in its quarterly report that it has removed conditions on the $12-million purchase of development land for the project. Boardwalk is looking to capitalize on the … Latest National Stories Canadian Private Investors Still Dominate Acquisitions Canada + Pacific Canada + Finance | May 8, 2024 Canadian private investors remained the most active commercial real estate buyers in the first quarter of 2024, says a new Avison Young report. Private Canadian organizations accounted for 73% of deals, while domestic institutional investors participated in just 8%. Owner-users ranked second, completing 12%. Other investors, including developers, foreign buyers and governments represented just 7%. … Choice Completes $61.7M Worth of Deals Ontario + Canada + Retail | May 8, 2024 Choice Properties REIT closed on $61.7 million of transactions in the first quarter of 2024. Toronto-based Choice reported that the REIT completed $74.6 million worth of development, moving the properties to income-producing status. The transactions involved one acquisition and two dispositions. “Despite the ongoing macroeconomic uncertainty, our industry-leading balance sheet continues to provide us with … Connect TeamPaul BubnySenior Content DirectorDaniel CenicerosCEOSarah QuinnVice PresidentView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest Cross Border News Stories Canderel to Manage Two Deka Office Towers in Vancouver Pacific Canada + Canada + Cross Border News + Ontario + Office | May 7, 2024 Germany’s Deka Group has hired Canderel to manage two nearly acquired office buildings in downtown Vancouver. Canderal announced that it will be responsible for the operation and leasing of 401 West Georgia Street and 402 Dunsmuir Street. Although the two properties have different street addresses, they sit back-to-back on routes running parallel with each other … Boardwalk to Develop Marda Loop MF Project Alberta & Prairies + Canada + Cross Border News + Apartments | May 7, 2024 Boardwalk REIT plans to develop a 135-unit rental residential project in the Marda Loop area of southwest Calgary. The Calgary-based REIT, which focuses on multi-family real estate investments, said in its quarterly report that it has removed conditions on the $12-million purchase of development land for the project. Boardwalk is looking to capitalize on the … Latest Maritimes Stories Killam Breaks Ground on Eventide Maritimes + Alberta & Prairies + Ontario + Multi-residential Housing | May 7, 2024 Killam Apartment REIT has broken ground on a 55-unit development project in Halifax. Known as Eventide, the building is slated to stand eight storeys and has a development budget of $33.6 million, said the Halifax-based REIT in its quarterly report. Eventide is expected to be complete in the second half of 2026. Meanwhile, Killam reported … Halifax Considering Office Conversion Incentive Program Maritimes + Office | May 6, 2024 The Halifax Regional Municipality is looking into establishing an office-conversion incentive program, CBC reported. The region has begun to develop a office-to-residential pilot program that could be funded with some of the $79 million to be provided to HRM through the federal government’s Housing Accelerator Fund. “We don’t have an office crisis; we have a … Latest Ontario Stories Choice Completes $61.7M Worth of Deals Ontario + Canada + Retail | May 8, 2024 Choice Properties REIT closed on $61.7 million of transactions in the first quarter of 2024. Toronto-based Choice reported that the REIT completed $74.6 million worth of development, moving the properties to income-producing status. The transactions involved one acquisition and two dispositions. “Despite the ongoing macroeconomic uncertainty, our industry-leading balance sheet continues to provide us with … Dream Summit Acquires Eight GTA Industrial Assets Ontario | May 8, 2024 Dream Summit JV has acquired eight industrial assets spanning 800,000 square feet in the Greater Toronto Area. The entity is a joint-venture between Toronto-based Dream Industrial REIT and Singaporean sovereign wealth fund. In its quarterly report, Dream said the JV acquired four GTA income-producing assets totalling 300,000 sf during the period. Subsequent to the quarter … Latest Pacific Canada Stories Canadian Private Investors Still Dominate Acquisitions Canada + Pacific Canada + Finance | May 8, 2024 Canadian private investors remained the most active commercial real estate buyers in the first quarter of 2024, says a new Avison Young report. Private Canadian organizations accounted for 73% of deals, while domestic institutional investors participated in just 8%. Owner-users ranked second, completing 12%. Other investors, including developers, foreign buyers and governments represented just 7%. … Blenz Coffee Expanding to GTA Ontario + Canada + Pacific Canada + Retail | May 8, 2024 Vancouver’s Blenz Coffee chain plans to expand to the Greater Toronto Area through a franchising agreement. Blenz announced that it has partnered with development group Franchise 360 and plans to open shops across the GTA. Since launching in 1992, Blenz has operated in B.C. with most shops located in Vancouver. “It’s a privilege to be … Latest Quebec Stories Quebec City Condo Sales Rise 13% Canada + Quebec + Apartments | May 8, 2024 Quebec City condominium sales transactions rose 13% year-over-year in April. The market witnessed 272 condominium sales during the month, the Quebec Professional Association of Real Estate Boards reported. The condo sales percentage increase lagged behind total residential sales, which rose 18%, or 147 transactions, to 976. Sales were well above the historical average for the … Rate Cut Expectations Boost Montreal Condo Sales Quebec + Multi-residential Housing | May 7, 2024 Greater Montreal Area condominium sales rose 26% year-over-year in April as expectations of interest-rate cuts whetted buyers’ appetite. A total of 1,814 condo sale transactions were completed during the month, the Quebec Professional Association of Real Estate Boards reported. “Following an early rebound in activity in February, a very reactive recovery of the market took …