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Mid-sized retail a prized investment for developers, owners

3 days ago

Mid-sized retail a prized investment for developers, owners

In the wake of the COVID pandemic and amid ongoing economic headwinds, some developers are finding an investment sweet spot: mid-size retail plazas. Needs-based anchor tenants such as grocers, pharmacies and banks provide excellent value and returns.

Upscale le Meridiem apt. buildings for sale in Montreal area

Alternative Capital Group has put two recently built, upscale multifamily buildings near Montreal, with a combined 154 units, on the market and its brokerage expects strong investor interest in the properties.

Senior lenders behind The One sue Mizrahi, Coco for $1.5B

Lenders behind troubled luxury condo One Bloor West (formerly The One) are suing paving tycoon Jenny Coco and real estate mogul Sam Mizrahi over allegations that they have defaulted as guarantors of the project’s loans.  

Toronto office landlords reduce incentives as demand rises

Power is starting to shift away from office tenants and back to landlords in downtown Toronto as demand for space accelerates. Toronto office tower landlords are reducing the host of valuable incentives they had been offering for years.

Why Primaris keeps buying malls

Challenging is a delicate way to describe the real estate investment trust market over the last five years. But a turnaround may finally be in sight if the eight per cent year-to-date increase in values is any indicator.

Ewing Morris moves to buy $30M in BTB REIT units

Ewing Morris announced an all-cash offer to acquire up to 8 million units of BTB REIT (BTB-UN-T) last week at a price of $3.80 per unit. The total value of the offer is approximately $30.4M. 

Industry and housing collide in Canada's push to build

People who study housing say NIMBYism is pushing housing developers away from building in places where people already live and toward less populated areas, such as wooded lots that border decades-old industrial zones, thereby putting pressure on businesses operating there.

Industrial leasing slows amid tariff uncertainty: report

JLL’s Q2 2025 Office and Industrial Report reveals tariff uncertainty is reshaping leasing dynamics and development strategies as the gap between asking and achieved rents widens. The leasing momentum that carried from Q4 2024 to Q1 has lost steam.

Bay Street Group, RIFO merge to form tech-based RE platform

Markham, Ont.-based real estate companies Bay Street Group Inc. and RIFO Realty Group Inc. have announced a merger to form a technology-focused real estate platform. The combination was effective Aug. 31.

City of Richmond joins fight against Cowichan Band ruling

The City of Richmond is appealing a B.C. court ruling that granted the Cowichan Tribes title to hundreds of acres of land in southeast Richmond. Mayor Malcolm Brodie said the ruling “compromises the entire land title system in British Columbia.”

Two men charged in Edmonton real estate scheme

Investors were duped out of roughly $6.8 million for a would-be Edmonton real estate project used to divert their money elsewhere, the Alberta Securities Commission (ASC) said Friday, announcing two men have been charged in the scheme.

iPro Realty founders owe millions in loans, lawsuit alleges

Private lenders are demanding repayment of more than $4-million in loans made to iPro Realty Ltd. and its owners in a court action filed amid allegations that millions went missing from the brokerage’s trust accounts.

Metro Park Apartments breaks ground in North York

DBS Developments has officially broken ground on Metro Park Apartments, a purpose-built rental community coming soon to the intersection of Don Mills Road and Eglinton Avenue East. Completion is expected in the spring of 2027.

Big changes ahead for Edmonton's Exhibition Lands

The plan is for a mixed-use urban community with rowhomes and low to midrise apartments, housing combined with retail, the Expo Centre and, possibly, schools or civic spaces, according to the City of Edmonton.

Canada needs more homes built now, here's how: Brad Carr

Too often, the conversation (on boosting housing construction) gets stuck on what’s too bold, too difficult or too expensive. This must change because doing nothing is the costliest choice of all. 

Neighbourly grows nationally with 33 pharmacy acquisitions

Independent pharmacy network Neighbourly Pharmacies has announced the acquisition of 33 additional pharmacies across Canada in multiple transactions, bringing its national footprint to 325 pharmacies. The move strengthens its presence across multiple provinces.

Extell lands $1.2B for 9 projects – including 1.8M-sq.-ft. Disney redev.

Extell Development has found a partner that will infuse US$1.2B into its ample development pipeline. An undisclosed hedge fund has become a preferred equity partner in nine properties owned by Gary Barnett and his firm.

Former Texas governor's energy infra REIT Fermi files for IPO

Fermi Inc., a real estate investment trust co-founded by former Texas Governor Rick Perry, has filed for an initial public offering as it looks to create a campus for energy-intensive computing in Amarillo, Tex.

Town battles zombie mall giant Namdar over shopping centre

Namdar Realty Group, a company that’s made a name for itself by buying dying malls, is facing legal battles and hundreds of citations for allegedly failing to maintain a nearly empty Pennsylvania mall.

Blackstone seals $660M takeover of U.K.’s Warehouse REIT

Blackstone Inc. has sealed a deal to acquire U.K. industrial property landlord Warehouse REIT, ending a months-long pursuit. The private equity firm’s offer – valuing the company at about US$660M – has crossed the threshold to declare the offer unconditional.

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