Canada

Aspen Properties and Rohit Group are doubling down on Alberta office real estate, acquiring the 360K-SF District at Beltline in Calgary in their second investment together. The three-building Class A campus at 227 11th Ave. SW spans a full city block between 11th and 12th avenues and combines office space with restaurants, a food hall, …

Optima Living and its investment partners have acquired five seniors living and continuing-care communities in the Calgary area, adding more than 1,000 suites to a Western Canadian portfolio that has expanded sharply this year. The five communities were acquired from The Brenda Strafford Foundation. Financial terms were not disclosed. Optima partnered on the acquisition with …

Two New Westminster apartment buildings have traded for $18M, providing a fresh transaction marker for Metro Vancouver’s purpose-built rental market. Twin Hollies at 1010 St. Andrews St. and St. Andrews Manor at 1025 St. Andrews St. sold for about $198K per suite at a 5.3% cap rate, according to Goodman Commercial, which handled the transaction. …

Walmart has converted its longtime Squamish store into a full Supercentre, extracting more from an existing 86K-SF big box after municipal restrictions kept fresh groceries out of the property for nearly two decades. The retailer completed the renovation at 39210 Discovery Way this summer, adding produce, meat, seafood, bakery and dairy alongside its existing general …

Canada’s PSP Investments is exiting one of North America’s largest senior-housing platforms, agreeing to sell Sunrise Senior Living to BDT & MSD Partners in a transaction valued at more than US$1B, according to The Wall Street Journal. The deal shifts control of an operator with more than 230 communities and 22,000 residents across Canada and …

Brookfield is making a major push into India’s industrial and logistics market, acquiring a 10.5M-SF portfolio from ESR India and committing US$450M to the acquisition and future development of the properties. The Canadian investment giant is acquiring eight Grade A industrial and logistics parks spanning 400 acres across six metropolitan clusters, including Mumbai, Pune, Delhi-NCR, …

Canada’s PSP Investments is exiting one of North America’s largest senior-housing platforms, agreeing to sell Sunrise Senior Living to BDT & MSD Partners in a transaction valued at more than US$1B, according to The Wall Street Journal. The deal shifts control of an operator with more than 230 communities and 22,000 residents across Canada and …

The Halifax Wanderers are proposing a $100M privately financed stadium and training complex on municipal land, trading public capital requirements for a pair of proposed 99-year leases. The Canadian Premier League club wants to spend $70M on a permanent 10,500-seat stadium at Wanderers Grounds, 5819 Sackville St. in downtown Halifax, replacing the temporary venue it …

Consumer Centres has acquired Charlotte Mall, a 115,953-SF shopping centre at 210 King St. in St. Stephen, N.B., from Crombie, taking on a property with a large block of long-vacant retail space available for repositioning. The Montreal-based owner said the centre’s existing tenants include Giant Tiger, Dollarama, Jean Coutu, NB Liquor, CIBC and Bell Aliant. …

One of Toronto’s best-known downtown hotels is looking to expand without building a new tower, with plans to convert existing office space into 250 additional rooms at the Hyatt Regency on King Street West. The proposal would see the 19-storey property at 370 King St. W. absorb its existing commercial office component, increasing the hotel’s …

Wild Fork is exiting Canada, abandoning plans for a 30-store Ontario network and closing its four existing stores by Dec. 14. The JBS-owned specialty grocery retailer, focused on frozen meat and seafood, operates locations in Whitby, Oakville, Ancaster and Newmarket. Online delivery and pickup are scheduled to end Oct. 13. The locations are at 340 …

An established rental complex on Montreal’s South Shore has changed hands for $22.4M, as investors continue to pursue opportunities to unlock value in older apartment properties rather than build from scratch. Place Roberval, a 144-unit, three-building complex in Longueuil, was acquired by Les Immeubles Jardin Radisson in a transaction that closed Oct. 5. The sale …

Club Med is moving from one Canadian resort to two, officially breaking ground on the $250M Club Med Tremblant, a 300-room development that will expand the hospitality brand’s presence in Quebec’s mountain resort market. The ski-in/ski-out resort is scheduled to open in December 2028 on Versant Soleil at Station Mont Tremblant in Mont-Tremblant, Que. The …

Wesbild has halted a planned six-tower, 2,000-unit multi-residential development in Port Coquitlama, B.C. The master-planned project, known as PoCoPlace, was slated for the corner of Lougheed Highway and Westwood Street and would have included significant retail space and amenities. Phase 1 had been slated to include a 37-storey rental tower and a 35-storey condominium tower, …