Results for: Canadian manufacturers are calling on the federal government to introduce investment incentives and tax relief as the looming threat of sweeping U.S. tariffs puts the country’s industrial base at risk. Canadian Manufacturers & Exporters (CME) President and CEO Dennis Darby has urged the federal government to act swiftly, warning that the new U.S. trade policies …
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Sony Pictures Imageworks is relocating its Vancouver headquarters from CF Pacific Centre to The Post, according to multiple reports. The Post is a highly sought-after downtown location known for its revitalized mid-century architecture and long-term tenancy by Amazon. While a corporate spokesperson for Sony Pictures Imageworks declined to comment on the record, a source close …
Graywood Developments is preparing to partner on more multi-residential projects with Japan’s Hankyu Hanshin Properties (HHP) in the Greater Toronto Area now that their first joint-venture is underway. “We’ve already presented them a follow-on transaction,” said Stephen Price, Graywood’s president and CEO, in an interview with Connect CRE Canada. HHP has expanded into Canada through …
Four First Nations have joined forces to acquire a majority stake in a Hilton hotel in Quebec City. Hilton Québec is located just outside the Old City, a popular tourist area that dates back hundreds of year. The four First Nations and Innvest Hotels will own the venues together in what the parties describe as …
The Canada Pension Plan Investment Board has formed a joint-venture with Bridge Industrial to invest in high-quality industrial assets across key U.S. markets. The partners have committed US$789 million in equity to the joint-venture, with CPP Investments holding a 95% stake and Bridge owning the remaining 5%. The joint-venture also retains the option to pursue …
Mark Carney resigned from Brookfield Asset Management on Thursday as he officially began his quest to become Canada’s next prime minister. CEO Bruce Flatt has replaced Carney as board chair and will handle both duties. Carney had also headed Brookfield’s global-transition investment program. Brookfield said President Connor Teskey and his team will continue to steer …
The total value of issued B.C. building permits dropped 13.4% in November as developers pulled back on new projects, Statistics Canada reported. The decline was driven by a sharp reduction in multi-unit construction intentions, particularly in the Vancouver region. The value of the province’s issued multi-unit building-permits sank by $375.4 million—with most ($346.7 million) of …
Canada’s grain growers are voicing strong objections to the federal government’s approval of Bunge’s US$8.2 billion acquisition of Viterra. The government approved the deal through an order-in-council after Transport Minister Anita Anand endorsed the transaction. (The government can sign off on orders-in-council although outgoing Prime Minister Justin Trudeau has prorogued Parliament until the Liberal Party …
Verillium Health Care has agreed to acquire 42 Wellwise by Shoppers locations from Shoppers Drug Mart. The transaction is expected to conclude in the first quarter of 2025, with Shoppers Drug Mart continuing to operate the stores until the sale is finalized. Wellwise by Shoppers offers a range of active lifestyle products, including supports and …
National Bank of Canada has provided a green loan to Kevric and its financial partner for the redevelopment of the bank’s former headquarters building in downtown Montreal. Kevric is redeveloping the tower, now known as 600 DLG, at 600 De La Gauchetière West prior to CN Rail’s relocation of its head office to the building. …
Fitzrovia is nearing completion on a three-tower multi-family rental project in Toronto’s Yorkdale district. The Sloane community is located at Dufferin Street and Highway 401, near Yorkdale Shopping Centre. The project aims to redefine rental living with 758 new units designed to meet the needs of families and downsizers. Virtual tours and leasing have commenced …
Brookfield Asset Management executive Mark Carney will officially launch his quest to become Canada’s next prime minister on Thursday, according to multiple reports. Carney is scheduled to enter the Liberal leadership race in Edmonton, where he grew up, the reports say. The reports are based on a letter that George Chahal, a Calgary MP, sent …
JLL and Slate Asset Management have partnered on a joint-venture designed to commercialize one-stop technology that integrates data across the commercial real estate asset-management lifecycle. The software is currently available in Canada, the U.S. and Europe. The partners plan to roll it out in the Asia-Pacific market and other global regions in the future. The …
Kingsett Capital and Candev have acquired a five-building industrial portfolio in the Montreal borough of Saint-Léonard from Groupe Petra for an undisclosed price. Scott Spiers, a member of CBRE’s national capital markets team based in Montreal, announced the deal on LinkedIn. According to multiple reports, the portfolio comprises a total of 369,464 square feet of …
Lanterra Developments has unveiled plans for a new upscale restaurant within the company’s 50 Scollard luxury condominium project in Toronto’s Yorkville district. The restaurant, named Salt & Rare, is set to open when 50 Scollard is completed this summer. Salt & Rare is the latest venture from reknown restaurateurs Michael Dabic and Derek Von Raesfeld, …
Vancouver’s Plaza of Nations, a prominent but largely derelict waterfront site, has quietly changed ownership, Postmedia reported. While the sale price remains undisclosed, it is believed to be in the hundreds of millions of dollars based on the property’s high-visibility waterfront location next to False Creek. The plaza was a focal point during Expo 86 …
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January 14, 2025
Sumus Property Group and Bankside Properties have acquired Calgary’s former Grace Hospital site from Northwest Healthcare Properties REIT for $38.1 million in cash. The deal’s completion clears the way for a proposed seven-building multi-family redevelopment project to advance. Sumus is a Lethbridge, Alta.-based real estate investor. Bankside is a Calgary-based developer that will oversee the …
Canadian REITs are set to experience strong growth in 2025, says a new Hazelview report released Tuesday. Seniors housing REITs are expected to lead the way as the sector capitalizes on strong demand and low supply. Canadian REITs are set to benefit from the series of Bank of Canada interest-rate reductions that occurred in the …
Concord Pacific has unveiled plans for a massive new 12-tower mixed-use development project in Vancouver’s northeast False Creek area. The plans call for the proposed Concord Landing development to include 5,000 new homes and a vibrant waterfront village. Some of the towers could stand as tall as 65 storeys. Concord Pacific aims to capitalize on …
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