Canada

Secured lender Timbercreek Mortgage Servicing has agreed to purchase the debt-laden Life Plaza office tower in Calgary through a receivership sale. The agreement comes after a pre-receivership marketing process failed to attract an acceptable third-party offer. Receiver MNP said Alberta Court of King’s Bench placed Life Plaza owner SCREO I Gill Inc. and SCREO I …

A newly opened No Frills grocery store has become the anchor tenant at the Moore Centre in northwest Winnipeg. The new store is located at 1375 McPhillips Street., strengthening the retail development’s role as a neighbourhood shopping destination in the area. Operated by local associate-owner Adelina, the store will provide residents in the Garden City …

Grosvenor has recorded the largest single lease deal in its 75-year Canadian history, with merchandise distributor S&S covering an entire 162,250-square-foot warehouse on Annacis Island in Delta, B.C. The long-term lease covers the full Millennium 6 building at 1005 Derwent and supports S&S’s plan to more than double its Canadian operations in the Vancouver region. …

A published report says Onni Group purchased the former Hudson’s Bay Company store in downtown Vancouver for $112.5 million. The publication said it obtained a land-transfer document dated June 24 that revealed the purchase price. Meanwhile, Primaris REIT said Monday in an activity update that it purchased the former Bay store site at Devonshire Mall …

Grosvenor has recorded the largest single lease deal in its 75-year Canadian history, with merchandise distributor S&S covering an entire 162,250-square-foot warehouse on Annacis Island in Delta, B.C. The long-term lease covers the full Millennium 6 building at 1005 Derwent and supports S&S’s plan to more than double its Canadian operations in the Vancouver region. …

CIBC Global Asset Management has launched a new private infrastructure-investment fund under a partnership with J.P. Morgan Asset Management. The fund provides Canadian accredited investors with access to institutional-grade private infrastructure investments. The new investment vehicle expands CIBC GAM’s private-markets offerings and is designed with JPMAM’s Alternative Investments Strategy & Solutions team. It provides exposure …

CIBC Global Asset Management has launched a new private infrastructure-investment fund under a partnership with J.P. Morgan Asset Management. The fund provides Canadian accredited investors with access to institutional-grade private infrastructure investments. The new investment vehicle expands CIBC GAM’s private-markets offerings and is designed with JPMAM’s Alternative Investments Strategy & Solutions team. It provides exposure …

GO Residential REIT has completed its acquisitions of two apartment towers in New York City. The completions of the two previously announced purchase agreements expand Toronto-based GO’s portfolio by 26% to 2,545 residential suites, the REIT said. GO closed the indirect acquisitions of the 209-suite 7 Dey Street tower in Tribeca on May 28 and …

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 …

T&T Supermarket will open a new 40,000-square-foot store in Toronto’s Etobicoke area in summer 2027, the grocer announced. The new supermarket will occupy the former Pusateri’s space on the lower level of the Etobicoke shopping centre at 25 The West Mall. T&T said the store will offer fresh produce, live seafood, premium meats, Asian grocery …

A published report says Onni Group purchased the former Hudson’s Bay Company store in downtown Vancouver for $112.5 million. The publication said it obtained a land-transfer document dated June 24 that revealed the purchase price. Meanwhile, Primaris REIT said Monday in an activity update that it purchased the former Bay store site at Devonshire Mall …

The federal and Quebec governments will invest approximately $200 million in the construction of Phase II of the Université de Montréal’s Science Complex. The funding will support construction of two new buildings adjacent to the existing science complex, creating a single hub for natural sciences, data science and the Courtois Institute, whose operations are currently …

Sid Lee Architecture, Rosefellow and the Tsatas Group plan to develop office space in Montreal to woo the new NATO Defense, Security and Resilience Bank to the city. The Canadian Press reported that the three firms have proposed dedicating several floors of a planned downtown tower to help Montreal winning the competition to the multinational …

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, …