Array People & Companies News for Week Ending July 26, 2024 Canada + Cross Border News + Finance | July 25, 2024 Caisse Sells Back $700M in Couche-Tard Shares, Invests $103M in Vantage Data Centers Quebec + Canada + Cross Border News + Finance | July 24, 2024 MF Market Cooling Despite High Demand: Yardi Canada + Cross Border News + Multi-residential Housing | July 26, 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 Canada & 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 City of Calgary Selling Midfield Heights Development Land Parcels Alberta & Prairies + Multi-residential Housing | July 26, 2024 The City of Calgary is selling mixed-use and multi-family development land parcels in the Midfield Heights area. The parcels previously comprised a 24-acre mobile home park that was vacated in 2018. The last residents were evicted following a legal battle, according to multiple published reports. The site is located at 16th Avenue N.E. and Moncton … Keurig Dr Pepper Leases 100K-SF in XTL’s New Balzac DC Alberta & Prairies + Industrial | July 25, 2024 Keurig Dr Pepper Canada has leased a 100,000-square-foot space in XTL Transport’s new distribution centre in Balzac, Alta., just outside of Calgary’s northeastern city limits. KDP Canada is the trade name for Keurig’s Canadian subsidiary. The distribution centre is the beverage company’s first in Western Canada. XTL’s 474,000-sf facility includes 40-foot clear ceiling heights, 16,000 … Latest National Stories MF Market Cooling Despite High Demand: Yardi Canada + Cross Border News + Multi-residential Housing | July 26, 2024 Canada’s multi-family real estate market is in a slow transition, says a new Yardi report. According to the Toronto-based real estate data analytics firm, the apartment market experienced a slight cooling despite strong demand during the second quarter. “Fundamental metrics such as rent growth and vacancy have moderated from peak levels but remain robust by … People & Companies News for Week Ending July 26, 2024 Canada + Cross Border News + Finance | July 25, 2024 Connect TeamEmily LettieriVice PresidentDaniel CenicerosCEOParke ChapmanVice President of Connect Creative - EastView 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 MF Market Cooling Despite High Demand: Yardi Canada + Cross Border News + Multi-residential Housing | July 26, 2024 Canada’s multi-family real estate market is in a slow transition, says a new Yardi report. According to the Toronto-based real estate data analytics firm, the apartment market experienced a slight cooling despite strong demand during the second quarter. “Fundamental metrics such as rent growth and vacancy have moderated from peak levels but remain robust by … Ottawa Industrial Rent Increases ‘Less Drastic’ Ontario + Cross Border News + Industrial | July 26, 2024 Ottawa lease rates remained high in the second quarter of 2024 as vacancy remained tight, according to a new Avison Young report. Long-term tenants are seeing dramatic rent increases, sometimes as much as 100%, while trying to renew five- and 10-year leases. “This is a significant hike considering rent increases have historically been in the … Latest Maritimes Stories New Farm Boy Store Opens at Brightwater in Port Credit Ontario + Maritimes + Retail | July 23, 2024 A Farm Boy grocery store has opened within the new 72-acre Brightwater community in the Port Credit area of Mississauga, Ont. Brightwater is being developed by Port Credit Village West Partners. Located at 175 Lakeshore Drive West, the new Farm Boy is the chain’s first Mississauga store. “We’re delighted to bring such a beloved grocery … Halifax Condo Prices Rise Slightly Maritimes + Office | July 13, 2024 Halifax condo prices rose slightly during the second quarter of 2024, according to a new Royal LePage report. The national brokerage firm said the median condo price rose 2% to $412,600. Meanwhile, the median price of a single-family detached home increased 4.1% to $582,500. The Halifax region’s overall aggregate price climbed 3.7% to $513,700. As … Latest Ontario Stories GTA Condo Sales Drop 19.8%, Listings Up 36.5% Ontario + Multi-residential Housing | July 27, 2024 Greater Toronto Toronto Area condominium prices nosedived as listings spiked in the second quarter, says a new Toronto Regional Real Estate Board report. Condo sales fell 19.8% to 5,474 in the second quarter of 2024 from 6,824 a year earlier. However, new listings soared 36.5% year-over-year to 16,197 as existing inventory remained elevated. TRREB attributed … Ottawa Industrial Rent Increases ‘Less Drastic’ Ontario + Cross Border News + Industrial | July 26, 2024 Ottawa lease rates remained high in the second quarter of 2024 as vacancy remained tight, according to a new Avison Young report. Long-term tenants are seeing dramatic rent increases, sometimes as much as 100%, while trying to renew five- and 10-year leases. “This is a significant hike considering rent increases have historically been in the … Latest Pacific Canada Stories Cedar Coast, Orion Break Ground on Industrial Park in Mission Pacific Canada + Industrial | July 25, 2024 Cedar Coast and Orion Construction have broken ground on a new 400,000-square-foot industrial park in the Vancouver suburb of Mission, B.C. Cade Barr Business Park is Mission’s all-time largest industrial project, the companies said. The four-building project also expands Mission’s light-industrial real estate base by more than 25% and is the first new employment land … Crestpoint, Anthem Acquire Downtown Vancouver MF Development Site Pacific Canada + Ontario + Apartments | July 25, 2024 Crestpoint Real Estate Investments and Anthem Properties have acquired a downtown Vancouver multi-family rental-apartment development site for an undisclosed price. The property is located on a 0.4 acre site on the southwest corner of Thurlow and Burnaby streets. Plans call for a 32-storey concrete purpose-built apartment building comprised of 300 units, including one-, two- and … Latest Quebec Stories Ventus Opens New Lab-Office Facility in Montreal Quebec + Industrial | July 25, 2024 Ventus Therapeutics has opened a new biopharmaceutical laboratory and office facility in the Montreal suburb of Saint-Laurent, Que. The new 24,000-square-foot state-of-the-art facility more than doubles Ventus’ lab and office space in Montreal and allows the company to strategically expand its research and development capacity, said the Waltham, Mass.-based company in a news release. The … Caisse Sells Back $700M in Couche-Tard Shares, Invests $103M in Vantage Data Centers Quebec + Canada + Cross Border News + Finance | July 24, 2024 Caisse de dépôt et placement du Québec (CDPQ) has agreed to sell $700 million Couche-Tard shares back to the convenience-store giant. Montreal-based CDPQ has also agreed to invest $103 million in Vantage Data Centers’ Quebec City campus. In a joint-news release, Laval, Que.-based Couche-Tard and CDPQ said their deal is being made in connection with the …