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 …

A B.C. Supreme Court judge has denied Montrose Properties’ request to reopen the Cowichan Aboriginal-title case, calling the attempt “an abuse of process for relitigation.” The decision follows last August’s landmark ruling recognizing the Cowichan Nation’s Aboriginal title over portions of Crown, municipal and private land in Richmond, B.C. and other parts of the province’s …

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 …

Brookfield Asset Management-backed Csquare has launched an IPO that is expected to raise between US$1.15 billion and US$1.35 billion before underwriting discounts and commissions. The Dallas-based digital infrastructure company is offering 50 million common shares priced between US$23 and US$27 each and expects to grant underwriters a 30-day option to purchase up to an additional …

CoStar Group has appointed Mario Lefebvre as the company’s chief economist for Canada. Lefebvre will lead the company’s Canadian market analytics and thought leadership efforts, providing economic and commercial real estate insights, research and forecasts for clients, industry stakeholders and the media. “Canada remains an important growth market for CoStar, and Mario’s deep understanding of …

BRP has inaugurated a new global logistics centre in Saint-Philippe, Que., designed to serve 2,050 powersports-product dealers in 110 countries. The 950,000-square-foot facility consolidates the powersports-products company’s worldwide parts, accessories and apparel distribution operations in a single hub. The facility is BRP’s largest distribution and logistics centre globally and will process more than 2.5 million …

Brookfield Asset Management-backed Csquare has launched an IPO that is expected to raise between US$1.15 billion and US$1.35 billion before underwriting discounts and commissions. The Dallas-based digital infrastructure company is offering 50 million common shares priced between US$23 and US$27 each and expects to grant underwriters a 30-day option to purchase up to an additional …

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 …

Honestly Good Chicken Fingers has opened a new location at Toronto’s Stock Yards Village, giving the fast-casual restaurant chain four locations in the region. Currently in a soft-opening period, the new fast-casual restaurant is located in the heart of the outdoor shopping centre, providing shoppers with an affordable dining option in one of Toronto’s major …

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 …

BRP has inaugurated a new global logistics centre in Saint-Philippe, Que., designed to serve 2,050 powersports-product dealers in 110 countries. The 950,000-square-foot facility consolidates the powersports-products company’s worldwide parts, accessories and apparel distribution operations in a single hub. The facility is BRP’s largest distribution and logistics centre globally and will process more than 2.5 million …

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, …

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, …