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Latest Alberta & Prairies Retail Stories
Westrich Pacific is putting more shape around its redevelopment of Edmonton City Centre, floating two 50-storey residential towers as part of a broader plan to turn the struggling downtown mall into a mixed-use district. Co-CEO Richie Lam said this week the developer is considering affordable housing, an indoor patio, a grocery store or food hall …
Highfield Investment Group is buying the operating businesses behind two Alberta racetracks for $23.2M, while VICI Properties keeps the underlying real estate and installs the Calgary developer as its new long-term tenant. The deal covers Century Mile Racetrack and Casino at 4711 Airport Perimeter Rd. near Edmonton International Airport and Century Downs Racetrack and Casino …
Latest B.C. Retail Stories
A nearly 20-year investment in Canadian commercial real estate is coming to an end after Sunstone sold the final property in its 2006 investment fund. Sunstone completed the sale of City Gate Centre, a 46K-SF retail property in Chilliwack, B.C., on Sept. 29, clearing the way to return the remaining capital to investors and wind …
Walmart has converted its longtime Squamish store into a full Supercentre, extracting more from an existing 86K-SF big box after municipal restrictions kept fresh groceries out of the property for nearly two decades. The retailer completed the renovation at 39210 Discovery Way this summer, adding produce, meat, seafood, bakery and dairy alongside its existing general …
Latest National Retail Stories
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 …
Two Canadian investment heavyweights are taking control of one of Britain’s largest retail networks, with Wittington Investments and Fairfax Financial striking a US$8.9B deal for Boots. The acquisition puts the approximately 1,800-store Boots network under new ownership, with Wittington already signalling plans to invest additional capital in store upgrades, its online business and an expansion …
Latest Cross Border News Retail Stories
Slate Grocery REIT’s US$2.3B sale will end a 12-year run on the Toronto Stock Exchange for a Canadian-built investment vehicle that grew from 29 U.S. shopping centres into a 115-property portfolio. The deal follows a sharp selloff last week after the REIT suspended its monthly distribution Wednesday while its strategic review continued. Its Canadian-dollar units …
Slate Grocery REIT has suspended its monthly cash distributions as an independent special committee continues to examine a potential sale and other strategic alternatives for the trust. The Toronto-based REIT owns 115 grocery-anchored properties totalling 15.2M SF across 23 U.S. states. The US$2.5B portfolio was 94.4% occupied at the end of the first quarter, with …
Latest Eastern Canada Retail Stories
Latest Maritimes Retail Stories
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 …
Consumer Centres has acquired Charlotte Mall, a 115,953-SF shopping centre at 210 King St. in St. Stephen, N.B., from Crombie, taking on a property with a large block of long-vacant retail space available for repositioning. The Montreal-based owner said the centre’s existing tenants include Giant Tiger, Dollarama, Jean Coutu, NB Liquor, CIBC and Bell Aliant. …
Latest Ontario Retail Stories
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 …
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 …
Latest Quebec Retail Stories
The shutdown of La Cordée, one of Quebec’s best-known outdoor retailers, is putting some significant retail space back in landlords’ hands, including a 25K-SF downtown Montreal flagship that opened only three years ago. The 73-year-old chain, which sells camping, hiking, cycling and ski gear and apparel, said Wednesday it will cease operations within weeks. The …
Metro will vacate its 110,000-square-foot online grocery fulfilment centre at 10655 Henri-Bourassa Blvd. W. in Montreal on Nov. 28, putting a purpose-converted industrial property back in the hands of owner Mondev. The closure date was disclosed in a Quebec government filing published Sept. 1, which also shows 154 employees will be affected as Metro shifts …
Latest Western Canada Retail 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, …
















