Canada
Federal Government Unlocking Six Surplus Properties
The federal government is unlocking six surplus properties in Calgary, Edmonton, Ottawa and St John...Read more
Northwest Completes $235M in Asset Sales
Northwest Healthcare Properties REIT remains in sell-off and debt-management mode as the end of 2023...Read more
Moncton Generates $174.2M in Building Permits
Moncton, N.B., generated $174.2 million in building permits during the first three quarters of this...Read more
CPPIB Sells Private Equity Portfolio to Ardian for $2B
The Canada Pension Plan Investment Board has sold a diversified portfolio of 20 limited partnership...Read more
WeWork Seeks Early Canadian Lease Exits
WeWork is seeking to get out of some Canadian office leases after filing for bankruptcy protection ...Read more
CF Developing Apartments Instead of Offices at Montreal Site
Cadillac Fairview has decided to construct rental apartments instead of office space at a prominent...Read more
Brookfield Buoyed by 2024 CRE Prospects
Brookfield Asset Management executives are pointing to more large commercial real estate investment...Read moreAtlantic Markets Post Highest Building Cost Increases
Maritimes markets experienced the largest commercial and residential construction cost increases in...Read more
Construction Begins on Vancouver Indigenous Housing Project
Construction has begun on a new 103-unit Indigenous social housing project on Vancouver's Downtown ...Read more
Mach to Redevelop Former Federal Office Building in Ottawa
Groupe Mach plans to redevelop a vacant former federal building in Ottawa as a multi-residential re...Read moreOntario Government Launching New Infrastructure Bank
The Ontario government is launching a new infrastructure bank that will emphasize commercial real e...Read more
RioCan Pauses New Developments
RioCan REIT has paused new construction projects due to high interest rates and borrowing costs. ...Read moreBrookfield Drops Cushman & Wakefield as U.S. Office Listings Agent
Canada's Brookfield Asset Management has stopped using Cushman & Wakefield as its listing agent...Read more
Couche-Tard Closes Acquisition of 112 MAPCO Stores
Quebec retail giant Couche-Tard has completed its acquisition of 112 Mapco convenience stores and g...Read more
TVA Reduces Real Estate Holdings Amid Massive Job Cuts
Money-losing Quebec television network Groupe TVA is reducing its real estate holdings in conjuncti...Read more
People & Company News for November 3, 2023
Colliers has cracked Forbes' 2023 World Best Employers List. Toronto-based Colliers ranked among t...Read moreBrookfield Raises $6B for Global Infrastructure Debt Fund
Brookfield Asset Management has raised $6 billion for its third global infrastructure debt fund. ...Read more
Too Many Parking Spots at Vancouver-Area Industrial Sites: NAIOP
Metro Vancouver and Fraser Valley industrial sites have too many parking spots, says a new NAIOP re...Read more
Canada’s Brookfield to Purchase Cyxtera’s Data Centres for US$775M
Canada's Brookfield Infrastructure Partners has agreed to purchase all of U.S.-based data centre op...Read more