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Latest Alberta & Prairies Industrial Stories
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. …
A large piece of northeast Edmonton industrial land once set aside for petrochemical development could instead become part of a major data centre district. Stantec, acting for Walton Global Investments, has applied to amend the Edmonton Energy and Technology Park plan, including redesignating 253 hectares, or 625 acres, from its petrochemical precinct to medium industrial …
Latest B.C. Industrial Stories
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 …
Latest National Industrial Stories
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 …
The race to secure enough electricity for the next wave of data centres is helping reshape Canada’s utility sector. Emera and Canadian Utilities unveiled a merger Tuesday that would create a $72B North American utility, giving the combined company greater financial capacity to build infrastructure for large-load customers, electrification and other major developments. The combination …
Latest Cross Border News Industrial Stories
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, …
Latest Eastern Canada Industrial Stories
Latest Maritimes Industrial Stories
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 …
Montreal-based Kruger is moving a proposed investment of up to $700 million at its Corner Brook Pulp and Paper complex into environmental review, advancing a plan to reposition the century-old industrial site around manufacturing, renewable energy and upgraded infrastructure. Project Tuckamore was registered with Newfoundland and Labrador regulators Sept. 1. The proposal includes an approximately …
Latest Ontario Industrial Stories
Dancor Construction has won provincial approval to turn farmland south of London into an eight-building industrial park positioned to capture investment spilling out from Volkswagen’s massive battery plant in nearby St. Thomas. Ontario issued a minister’s zoning order covering 23.1 hectares at 4423 Highbury Ave. S. and 2105 Green Valley Rd., clearing the way for …
Quebec-based Mondev has made its first acquisition outside its home province, buying Eaton’s national distribution centre in Perth, Ont., through a sale-leaseback that keeps the power-management company in place as a long-term tenant. Mondev disclosed the Sept. 30 closing of the 79,892-SF industrial property at 9 Industrial Rd., acquired in partnership with Melinor. Financial terms …
Latest Quebec Industrial Stories
Commercial furniture manufacturer Dor-Val has acquired a 98,086-square-foot industrial building in Montreal’s Anjou borough for $11.25 million, adding another production property to a business that changed hands earlier this year. The building at 9300 Ray-Lawson Blvd. sits on 4.24 acres near Highways 25 and 40. The deal works out to about $115 per square foot, …
Montreal developers say the REM is making transit-accessible real estate more attractive, but warn the growing cost of building around the network could undermine some of the development it was intended to encourage. Executives from Mondev, Rosefellow and Cadillac Fairview raised the concerns during a discussion at Connect CRE Montreal, pointing to transit levies, municipal …
Latest Western Canada Industrial Stories
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, …















