Canada

Killam Apartment REIT is pausing new development projects in the near term, citing challenging market conditions and water infrastructure constraints in key growth markets. During REIT’s first-quarter earnings call, CEO Philip Fraser pointed to the Kitchener-Waterloo region as an example of infrastructure-related hurdles after local officials halted support for some development approvals due to water …

Good Earth Coffeehouse has opened a new location at the University of Alberta Hospital in Edmonton. The coffeehouse, located in the Clinical Sciences Building, is intended to serve hospital staff, patients, and visitors with ethically sourced coffee and fresh food in a welcoming environment. Operated in partnership with Sodexo, the location offers convenient access and …

Pret A Manger will open its first Canadian airport location at Vancouver International Airport (YVR), marking the start of a broader expansion into major airports across the country. A&W Food Services of Canada Inc., which holds the exclusive Canadian rights to develop and operate the British fresh-food and organic coffee chain, announced that the first …

Reliance Properties is seeking to convert a downtown Victoria, B.C., heritage office building into a compact hotel. The four-storey art-deco building, located at the corner of Blanshard Street and Fairfield Road, was built in 1949 and is currently used as office and studio space for artists. It once once housed the BC Power Commission, the …

Oxford Properties has leased a 1.1-million-square-foot speculative industrial building at its James Snow Business Park in Milton, Ont., to ID Logistics. According to Oxford, the deal ranks as the largest-ever spec industrial lease completed in Canada. The deal, which covers the campus’s largest building at 10725 Louis St. Laurent Ave., is also one of the …

Equiton has opened a new office in Dallas as the firm prepares to expand into U.S. multi-family real estate. A company spokesman told Connect that Equiton is in the final stages of launching a U.S. apartment fund, with an open-ended structure aimed at Canadian investors. The forthcoming fund is similar in design to Equiton’s flagship …

Equiton has opened a new office in Dallas as the firm prepares to expand into U.S. multi-family real estate. A company spokesman told Connect that Equiton is in the final stages of launching a U.S. apartment fund, with an open-ended structure aimed at Canadian investors. The forthcoming fund is similar in design to Equiton’s flagship …

H&R confirmed Friday it has held preliminary discussions with affiliates of global private-equity giant Blackstone regarding the potential sale of certain REIT assets. The disclosure follows a request from the Canadian Investment Regulatory Organization related to recent trading activity in H&R units and media reports concerning the REIT. The regulator temporarily halted trading of the …

Smart Investment has acquired McAllister Place mall in Saint John, N.B. from Primaris REIT for a reported price of $64 million. McAllister Place ranks among Atlantic Canada’s largest retail centres, spanning 79 acres. Smart Investment is headed by Tim Gu, and the firm also owns the reborn Mountain Equipment Company outdoor-gear store chain. “We are …

Construction has begun on a new 67,000-square-foot industrial facility in Moncton, N.B. The project site is located at 80 Frenette Ave. in Moncton’s Caledonia Industrial Park. Lindsay Construction and Comztar Commercial Properties have broken ground on the energy-efficient project, which is scheduled for completion in early 2027. “This project reflects our continued commitment to providing …

Oxford Properties has leased a 1.1-million-square-foot speculative industrial building at its James Snow Business Park in Milton, Ont., to ID Logistics. According to Oxford, the deal ranks as the largest-ever spec industrial lease completed in Canada. The deal, which covers the campus’s largest building at 10725 Louis St. Laurent Ave., is also one of the …

Supremex has acquired Toronto-based packaging manufacturer Goldrich Printpak for approximately $34 million. The transaction, completed on a cash-free and debt-free basis and subject to customary adjustments, was financed through Supremex’s existing credit facility. Founded in 1953, Goldrich employs about 90 people and operates a 68,000-square-foot manufacturing facility in Toronto. The company specializes in folding carton …

Supremex has acquired Toronto-based packaging manufacturer Goldrich Printpak for approximately $34 million. The transaction, completed on a cash-free and debt-free basis and subject to customary adjustments, was financed through Supremex’s existing credit facility. Founded in 1953, Goldrich employs about 90 people and operates a 68,000-square-foot manufacturing facility in Toronto. The company specializes in folding carton …

La Caisse has agreed to acquire Transurban’s remaining 50% interest in the A25 Concession for $280 million, increasing its ownership stake to 100% from 50% and becoming the sole owner of the Greater Montreal transportation asset. The transaction follows La Caisse’s initial investment in 2023, when it acquired a 50% stake in the concession from …

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, …