Results for: Immostar and Primaris REIT have completed the $63.0-million acquisition of two open-air retail centres in Quebec City known collectively as Complexes Capitale, the partners announced Thursday. The north and south centres are located immediately adjacent to Les Galeries de la Capitale in the Lebourgneuf district and comprise 307,900 square feet of gross leasable area. The …
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VICI Properties is looking to complete more casino sale-leasebacks in Canada after agreeing to a $200.6-million transaction with Pure Casino and Entertainment LP involving a portfolio of Alberta gaming and hotel assets. “We’re interested in finding other opportunities to invest in Canadian gaming as well as other Canadian experiential assets,” said Ed Pitoniak, New York …
Vancouver Mayor Ken Sim is promising another municipal property-tax freeze and a major investment in community-centre infrastructure if he is re-elected this fall. In a State of the City address during a Greater Vancouver Board of Trade luncheon, Sim offered glimpses into his upcoming election platform. He said his ABC Party-led government would freeze the …
Armco Capital is set to acquire the 40-storey Stephen Avenue Place office tower in downtown Calgary on Friday following a court-ordered sale process, according to court filings. The proposed deal includes two adjacent retail properties, known as the Kraft and Venator buildings. The proposed purchase price was redacted from court documents filed by insolvency specialist …
Invest Ontario has welcomed plans by Microsoft to expand its Azure Canada Central data-centre region in Ontario. The move is expected to support 1,250 jobs and strengthen the province’s growing cloud and AI infrastructure, said Invest Ontario. The expansion comprises part of Microsoft’s previously announced $19-billion commitment to build out cloud and AI infrastructure across …
Alberta Environment and Protected Areas has determined that Synapse’s proposed $10-billion data-centre project in Olds does not require an environmental impact assessment, The Albertan reported. The decision was outlined in a letter from Acting Approvals Program Manager Karen Tomashavsky to Synapse Real Estate CEO Jason Van Gaal, stating that under the Environmental Protection and Enhancement …
La Caisse has invested $150 million in Innovair Solutions to support the HVAC-equipment manufacturer’s North American growth strategy while preserving its Quebec roots and ownership. The investment follows Innovair’s recent transformation, including its strategic merger with Groupe Stelpro completed two years ago, which strengthened its market position through complementary expertise and distribution networks. The Beaulieu …
The Canada Infrastructure Bank (CIB) and Peace Hills Trust Company (PHT) have finalized a $50-million loan-participation agreement to expand access to enabling infrastructure financing for Indigenous community development projects across the country. PHT, Canada’s largest and oldest First Nations-owned federally regulated financial institution, will lend alongside the CIB and match project loans, creating a co-ordinated …
Prime Minister Mark Carney has officially launched the $51-billion Build Communities Strong Fund aimed at accelerating infrastructure development and housing-enabling projects across Canada. The fund is part of the 2025-2026 federal budget, set to roll out investments over the next decade and designed to provide a major response to growing pressures on housing supply and …
A recently completed lobby renovation featuring a nine-storey LED screen has helped GWL Realty Advisors (GWLRA) greatly increase occupancy at a rebranded downtown Toronto office building. Newly named Berczy Square, formerly known as 33 Yonge in accordance with its street address, is now approximately 96% leased, said Devan Sloan, GWLRA’s vice-president of asset management and …
Starlight Investments is looking to develop more multi-family rental housing on Vancouver Island after achieving a significant milestone with The District project in Langford, B.C. “We are at a time where national housing starts are under pressure,” said David Woo, Starlight’s vice-president of development for Western Canada, in an interview with Connect. “Bringing these projects …
Sienna Senior Living has acquired a 129-suite retirement home in Oshawa for $59.4 million. The property, known as The Bartlett, is an independent-living residence. Sienna paid approximately $461,000 per suite, with an initial investment yield of about 5.75%, said the company. Built in 2021, the residence is roughly 96% occupied and includes amenities as well …
Dream Summit Industrial LP has priced a private placement of $250 million in senior unsecured debentures. The offering consists of 3.959% Series I senior unsecured debentures maturing Thursday, issued at par. Interest will be paid semi-annually on April 10 and October 10, beginning October 10, 2026. The debentures are being offered on an agency basis …
W. P. Carey has completed a $287-million sale-leaseback of 14 automotive dealership properties across Western Canada. The off-market transaction covers more than 570,000 square feet of dealership space in major markets including Greater Vancouver, Edmonton, Calgary and Winnipeg. The portfolio is now triple-net leased back to its seller Go Auto, the second-largest automotive dealership group …
Boardwalk REIT has sold three apartment communities in Quebec City for a combined $97 million. The properties—Place Charlesbourg, Place Chamonix and Place Samuel de Champlain—comprise 484 suites and were sold at approximately $200,000 per unit as part of the trust’s ongoing capital recycling program. The trust also completed the sale of Valley Ridge Tower in …
Mattamy Homes is pivoting to prefabricated, missing-middle housing as it navigates a prolonged real estate downturn and weak new-home sales, The Toronto Star reported. CEO Brad Carr told the Star that the company has spent the past 18 months conducting extensive consumer research to better understand buyer preferences in 2026. “We’ve been doing a tremendous …
A new, 1.3-million-square-foot film production complex has opened in Burnaby, B.C. The launch significantly expands high-end studio infrastructure in a region known as a premier Canadian movie and TV production hub. Lake City Studios, a $350-million facility with 21 sound stages, is one of the largest purpose-built film studios in North America, The Globe and …
The federal government is investing $127 million in two major life-sciences development projects in Vancouver to boost medical research, biomanufacturing capacity and job creation. Industry Minister Mélanie Joly announced Monday that Prime Minister Mark Carney’s government will deploy combined Strategic Response Fund (SRF) contributions to support projects led by Aspect Biosystems and Providence Health Care …
Firm Capital Property Trust has agreed to acquire a 50% interest in 11 Prairie manufactured home communities for approximately $227 million. The portfolio includes 10 properties with 1,649 sites across Alberta and Saskatchewan, along with an additional community in Alberta with 103 sites, for a total of 1,752 sites. The acquisitions are being completed through …
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