Results for: LNG Canada’s Shell-led ownership group is exploring an expansion of the massive terminal now that a tanker has departed from the $5.8-billion facility with the initial cargo bound for Asia. The site in Kitimat, B.C., has capacity for two more processing units, or trains, in which natural gas is cooled and converted to LNG. “We …
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Bartlett Grain Company has completed its US$140.1-million acquisition of Ceres Global Ag. Bartlett received all necessary court, shareholder and regulatory approvals to take over Golden Valley, Minn.-based Ceres through a newly formed Ontario-based subsidiary under a plan of arrangement. Ceres owns and operates 10 grainhandling facilities in Saskatchewan, Manitoba and Minesota. In addition, Ceres owns …
Canada must strive to meet Prime Minister Mark Carney’s immense housing-expansion goals that call for millions of new homes over the next decade, says a leading multi-family real estate executive. Howard Paskowitz, vice-president of development and public affairs for Starlight Investments, told Connect that Carney’s aim is “not a small task,” but the future homes …
A Hudson’s Bay Company lease in Kitchener, Ont., is among the remaining 25 that B.C. billionaire Weihong (Ruby) Liu is seeking to acquire. Primaris REIT CEO Alex Avery told 570 NewsRadio in a statement that she wants to take over the former Bay store space at the REIT’s Conestoga Mall in the southwestern Ontario city. …
CGC Inc., has entered into a definitive agreement to acquire Imperial Building Products (IBP), a Canadian manufacturer of steel framing components, drywall trims, accessories, and proprietary structural solutions. CGC announced the intended purchase in a news release. IBP, established in 1990 as a division of Imperial Manufacturing Group and headquartered in Richibucto, N.B., operates manufacturing …
(Tunde Akinyemi is among the 2025 Canadian Next Generation Awards recipients, as selected by Connect CRE Canada. This profile explains how he stands out among his peers. Read about all of the award winners.) By Amy Wolff Sorter As a BGO vice-president and associate portfolio manager, Tunde Akinyemi plays a key role in supporting the overall strategy, …
(Harp Khela is among the 2025 Canadian Next Generation Awards recipients, as selected by Connect CRE Canada. This profile explains how he stands out among his peers. Read about all of the award winners.) Harp Khela is a sales representative with Century 21. He specializes in the disposition and acquisition of large land parcels for local and …
Brookfield Asset Management has purchased Vancouver’s landmark Shangri-La Hotel for an undisclosed amount. The company has confirmed the acquisition publicly but not yet issued a formal announcement. Local companies Westbank and Peterson previously owned the downtown property. In conjunction with the purchase, the hotel has been renamed temporarily as Hyatt Vancouver Downtown Alberni and will …
Truman and Marriott International have unveiled plans to open three new hotels in Calgary as part of a $1.47-billion investment. The projects include the 69-storey W Calgary, 62-storey JW Marriott Calgary, and an Autograph Collection Hotel at Stampede Park. Truman and joint-venture partner Louson will lead the three-hotel development project. Mariott will manage and operate …
The St. Joseph Health Centre expansion project in Toronto has received a major financial boost from a leading real estate developer and philanthropist. Mattamy Homes Founder and CEO Peter Gilgan has made a record $60-million contribution to the project through the St. Joseph’s Hospital Foundation. The funds will be used to fund a new patient …
(Richard Geller is among the 2025 Canadian Next Generation Award recipients, as selected by Connect CRE Canada. This profile explains how he stands out among his peers. Read about all of the award winners.) Richard Geller launched ALTA Canada in 2020. The company invests in, develops and manages urban-located properties. The company recently closed on …
(Breanna MacRury is among the 2025 Canadian Next Generation Awards recipients, as selected by Connect CRE Canada. This profile explains how she stands out among her peers. Read about all of the award winners.) By Amy Wolff Sorter Breanna MacRury is the sales support co-ordinator in CBRE’s Halifax office and is the president of CREW …
Shindico has acquired the nine-property TransX industrial portfolio for an undisclosed price. The firm is partnering with the Tolaini-Banville family on the acquisition. The two partners have invested in many commercial real estate ventures together. The purchase includes two assets in both Toronto and Vancouver, along with single sites in Montreal, Calgary, Edmonton and Winnipeg, …
The Assembly of First Nations national chief is calling on Prime Minister Mark Carney to steer infrastructure investment to Indigenous groups. Writing an op-ed column in The Globe and Mail, Cindy Woodhouse Nepinak contended that investment in Indigenous infrastructure directly supports national priorities would boost reconciliation between Indigenous groups and all other Canadians. Her comments …
La Caisse de dépôt et placement du Québec and DigitalBridge Group have acquired data-centre developer, owner and operator Yondr Group for $5.8-billion. The Yondr facilities are located in Canada, with one in Toronto, along with the U.S. and other countries across the globe. “Yondr has become a vital infrastructure partner to many of the world’s …
Kalesnikoff has opened North America’s first mass timber pre-fabrication and modular facility in Castlegar, B.C. The 100,000-square-foot facility is located near the West Kootenay Regional Airport. Castlegar is a small town in the Kootenays region in southeastern B.C. The plant’s products will be used in multi-storey affordable and market housing, schools, workforce housing and other …
A new joint-venture known as 3C Lakeshore plans to develop a new four-tower multi-residential project in Toronto’s Distillery district. The JV comprises Castlepoint Numa, Continental Ventures Realty and Cityzen Group, who have filed a development application with the city. The proposed development site encompasses 324 Cherry Street and 429 Lake Shore Boulevard East. The four …
Eshbal Functional Foods is set to begin manufacturing its gluten-free pita bread at a new U.S.-based facility as part of a broader North American expansion strategy. The company announced the expansion effort in a news release but did not specify the location of the U.S. plant. The initial rollout will feature a frozen format to …
Weihong (Ruby) Liu could still secure more Hudson’s Bay Company leases despite strong opposition from landlords to her proposed acquisitions, lawyers told The Canadian Press. The B.C. billionaire has already acquired three leases located in malls she owns, but 23 landlords are opposing her attempt to take over another 25 covering other unidentified former Bay …
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