Canada

Boardwalk REIT has completed the sales of five apartment properties in Edmonton, Regina and Saskatoon for a combined price of $117 million. The assets were sold to a pair of separate buyers, Boardwalk said in an activity update. The transactions involve 563 suites across three Edmonton properties — Capital View Tower, Kingsway Tower and The …

Coast Hotels has acquired Calgary’s Best Western Village Park Inn and given it a new name. The 160-room property is now known as the Coast Calgary University Area Hotel by APA. The acquisition marks Coast’s second owned property in Calgary and expands the chain’s presence in Alberta. The popular hotel is located on Crowchild Trail …

Moment Energy has opened the world’s largest EV battery-repurposing facility in the Vancouver area after completing the project in only six weeks. The plant converts retired EV batteries into battery-energy storage systems for critical infrastructure such as data centres, hospitals, factories and microgrids. The Coquitlam-based company said Megafactory 1 became operational just six weeks after …

The Pattison Food Group has installed advanced automation technologies at its 485,000-square-foot grocery fulfillment centre in Langley, B.C. The automated system is designed to improve split-case fulfillment, increase storage capacity and enhance order accuracy while supporting the company’s nine grocery banners, including Save-On-Foods, PriceSmart Foods and Quality Foods, said Pattison. The project also reduces manual …

Axia Real Assets LP has made a non-binding, fully financed offer to acquire all outstanding units of Plaza Retail REIT for $5.28 per unit in cash, valuing the REIT at approximately $1.23 billion, including about $670 million in debt. Toronto-based Axia said it submitted the proposal to Plaza’s board of trustees on June 8. The …

Sun Life has completed its acquisition of Bell Partners for US$350 million in cash and stock, the buyer announced. The deal is part of a previously announced series of multi-billion-dollar commercial real estate moves that impact businesses and properties on both sides of the Canada-U.S. border. Toronto-based Sun Life paid 80% of the purchase price …

Sun Life has completed its acquisition of Bell Partners for US$350 million in cash and stock, the buyer announced. The deal is part of a previously announced series of multi-billion-dollar commercial real estate moves that impact businesses and properties on both sides of the Canada-U.S. border. Toronto-based Sun Life paid 80% of the purchase price …

Moment Energy has opened the world’s largest EV battery-repurposing facility in the Vancouver area after completing the project in only six weeks. The plant converts retired EV batteries into battery-energy storage systems for critical infrastructure such as data centres, hospitals, factories and microgrids. The Coquitlam-based company said Megafactory 1 became operational just six weeks after …

CGC’s new $210-million Wallboard plant near Calgary will eliminate tariffs and set the stage for the company’s future long-term growth. The recently opened facility will also greatly reduce emissions, said Steve Youngblut, CGC’s president and CEO, in an interview with Connect. “That plant was built really for us to control our own destiny in Western …

Saltire Capital has acquired Tool Shed construction equipment rental and sales retailer for $2.8 million in cash and stock. The deal was previously announced but amended prior to closing with Saltire purchasing 100% of the company, which operates one location in Dartmouth, N.S. Previously, the proposed agreement called for the vendors to retain an ownership …

Dollarama and McDonald’s have agreed to lease the final two available spaces in Harden and Crombie’s Faubourg Contrecoeur mall project in Montreal. The leasing agreements bring the project to 100% occupancy as construction continues on the retail centre at the intersection of rue Sherbrooke Est and rue de Contrecœur in the Mercier–Hochelaga-Maisonneuve borough being developed …

Sun Life has completed its acquisition of Bell Partners for US$350 million in cash and stock, the buyer announced. The deal is part of a previously announced series of multi-billion-dollar commercial real estate moves that impact businesses and properties on both sides of the Canada-U.S. border. Toronto-based Sun Life paid 80% of the purchase price …

Montoni has begun developing strata industrial condominiums as part of a new business line. The move is designed to give small and medium-sized businesses (SMEs) a more affordable path to property ownership while expanding the developer’s industrial real estate portfolio, said the company. The new offering is intended to help SMEs stabilize long-term occupancy costs, …

CDPQ Infra has raised $1.85 billion for the REM automated light-rail rapid-transit line spanning the Greater Montreal Area through the company’s first green-bond offering. The financing, completed through senior unsecured fixed-rate notes issued by Projet REM s.e.c., is intended to support the REM, formally known as the Réseau express métropolitain, as it transitions into a …

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, …