Canada

A former headquarters and distribution centre for The Brick in west Edmonton has changed hands, with a new owner planning extensive renovations after a major leasing deal helped attract an investor. CBRE announced the sale of the 401,564-SF property at 16930 114 Ave. NW, which housed The Brick’s corporate offices and warehouse operations for decades. …

Newly released municipal planning documents reveal the scale of Bell’s latest land acquisition plans outside Regina, where the company is moving to secure another 895 acres of farmland for a major expansion of its Saskatchewan AI campus. The proposed acquisition was detailed in documents presented to the Rural Municipality of Sherwood council on Oct. 7. …

Skye Developments has sold out Forge Landing, but getting the Richmond industrial project across the finish line required a significant price reduction as the market cooled. CBRE said more than 90K SF has now been sold at the development at 11920 Forge Place, generating more than $65M in transactions, including resales. The development in Richmond’s …

Vancouver International Airport could become the first major Canadian airport opened to private investment under Ottawa’s new infrastructure push, putting one of the country’s largest transportation hubs — and a significant Sea Island real estate platform — in play. The federal government’s advisers are preparing to start with YVR, where a long-term lease on airport …

Rogers Communications has sold the former Citytv and OMNI television studios overlooking Toronto’s Sankofa Square in a $55M deal. The seven-storey building at 33 Dundas St. E. contains 56,514 SF of office and retail space near the intersection of Yonge and Dundas streets. The property was sold Sept. 30, with Colliers handling the sale on …

Vancouver International Airport could become the first major Canadian airport opened to private investment under Ottawa’s new infrastructure push, putting one of the country’s largest transportation hubs — and a significant Sea Island real estate platform — in play. The federal government’s advisers are preparing to start with YVR, where a long-term lease on airport …

La Caisse has sold a nine-building industrial portfolio and vacant development parcel in Charlotte, N.C., to GID for US$119.5M, exiting properties it had held for nearly a decade. La Caisse, the Quebec pension fund manager formerly known as CDPQ, bought the properties for approximately US$51M in 2017. The latest sale more than doubles that price. …

Brookfield is making a major push into India’s industrial and logistics market, acquiring a 10.5M-SF portfolio from ESR India and committing US$450M to the acquisition and future development of the properties. The Canadian investment giant is acquiring eight Grade A industrial and logistics parks spanning 400 acres across six metropolitan clusters, including Mumbai, Pune, Delhi-NCR, …

A small industrial port in northern New Brunswick could become home to Canada’s first floating nuclear power plant — one built primarily in Ontario, shipped to its destination and designed to be replicated across the Arctic. Montreal-based Prodigy Clean Energy is advancing the project near the Port of Belledune after selecting reactor technology from BWXT …

The Halifax Wanderers are proposing a $100M privately financed stadium and training complex on municipal land, trading public capital requirements for a pair of proposed 99-year leases. The Canadian Premier League club wants to spend $70M on a permanent 10,500-seat stadium at Wanderers Grounds, 5819 Sackville St. in downtown Halifax, replacing the temporary venue it …

Upper Canada Mall is changing hands, but Newmarket says the long-term plan to turn its sprawling parking lots and surrounding land into a mixed-use neighbourhood remains in place. Primaris is acquiring the 990K-SF shopping centre at 17600 Yonge St. from Oxford Properties for $411M, with the transaction expected to close by Oct. 31. The deal …

Aspen Ridge wants to take its sprawling Crosstown community higher, proposing five residential towers ranging from 42 to 60 storeys near Don Mills and Eglinton in Toronto. The revised plans would bring 2,540 homes to four development blocks at 844 Don Mills Rd. and 1150 Eglinton Ave. E., part of the 60-acre former Celestica campus …

Montreal’s premium office market is running out of space, with the city’s last large block of AAA offices leased during the third quarter and trophy vacancy falling to 3% or less. The tightening caps a year of growing demand for Montreal’s best office buildings, according to CBRE’s latest office market report, even as landlords of …

An established rental complex on Montreal’s South Shore has changed hands for $22.4M, as investors continue to pursue opportunities to unlock value in older apartment properties rather than build from scratch. Place Roberval, a 144-unit, three-building complex in Longueuil, was acquired by Les Immeubles Jardin Radisson in a transaction that closed Oct. 5. The sale …

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, …