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Avenue Living's year-long buying spree tops $1.2B

2 days ago

Avenue Living's year-long buying spree tops $1.2B

Avenue Living has surpassed $8.5 billion in assets under management following a record-setting year driven by more than $1.2 billion in acquisitions across its core real estate platforms. 

Canadian cities shine in CBRE’s 2025 tech talent rankings

Toronto improved from fourth to third in CBRE’s 12th annual Scoring Tech Talent ranking of North America’s top technology employment markets, while Waterloo Region rose 11 spots year-over-year, tying for the biggest gain and moving into seventh spot.

'An ideal fit': Mortgage lender Alta West acquires Premiere

Alternative lender and mortgage investment manager Alta West Mortgage Capital Corporation has acquired residential mortgage financier Premiere Home Mortgage Ltd., a move intended to expand market reach and enhance capabilities.

Keltic CEO explains how Nexus landed in receivership

Metro Vancouver has seen numerous insolvencies the past few years, but most of them have been residential projects and many of them have yet to reach the construction phase. This makes the Nexus project by Keltic Development an anomaly.

Rain of lawsuits from real estate developers against Longueuil

Longueuil may be forced to scale back its environmental ambitions. More than 30 developers are challenging the city's natural environment protection plan and are suing the city for disguised expropriation. The bill could be steep if they win their case.

Residents sue City of Victoria over Roundhouse project

Two residents are suing the City of Victoria over its decision to approve the massive Roundhouse project in Vic West. Arthur McInnis and Lorna Allen filed a lawsuit claiming the city caused the loss of property value to nearby residents.

Critics deride ‘bodyshop’ model in wake of iPro scandal

Industry experts claim one shared trait between the Real Estate Council of Ontario's governing model and the business model of the disgraced brokerage iPro Realty is an obsession with increasing the number of realtors in Ontario.

KingSett and Oliver & Bonacini open SixtyEight

KingSett Capital and restaurant, event group and caterer Oliver & Bonacini have opened SixtyEight, a 20,000-square-foot meeting and event space overlooking Toronto's financial district from the top floor of Scotia Plaza. 

London politicians OK mega-plans for Kellogg Lane

City politicians are more than thrilled at the idea of further expanding a former cereal factory turned tourism destination, as they unanimously endorsed a development master plan for 100 Kellogg Lane.

Hilton reaches 200 hotel milestone in Canada

Hilton has announced the opening of its 200th hotel in Canada, marking a significant expansion of its presence. The company has nearly doubled its Canadian portfolio over the past decade and has over 100 properties in its pipeline.

Chunk of London Hilton's rooms hit market as apartments

The Doubletree by Hilton has unveiled 124 new apartments at its downtown London hotel, leaving 176 hotel rooms on site, said Sumit Bhatia, regional operations manager for Holloway Lodgings, which owns Hilton.

London rejects 3-tower housing development proposal

A Copia Developments' proposal to build three apartment buildings along Highbury Avenue in London's north end fell flat Tuesday afternoon, with councillors on the city's planning committee voting it down based on key issues raised by city planners.

Nine-tower project in Coquitlam paused for another year

Coquitlam council unanimously granted a third one-year extension to a nine-tower project from Macron Developments. The project is to include approximately 4,000 residential units, plus office space and a hotel on a former Chrysler dealership property.

New design for 105 Keefer in Vancouver's Chinatown

The controversial mixed-use development from Beedie at 570 Columbia St. – formerly addressed as 105 Keefer St. – in Vancouver’s historic Chinatown district now has a drastically revised design aimed at transforming it into a community hub.

Ssense wins temporary protection in battle with creditors

Embattled Montréal-based fashion retailer Ssense has been granted a stay order, temporarily protecting the company from a potential sale by its creditors. According to Bloomberg, Ssense owes its lenders roughly $145 million.

Brookfield weighs sale of $2.2 billion European student dorms

Brookfield Asset Management Ltd. (BAM-T) is weighing the sale of a major European student housing business as the company looks to ramp up disposals from its real estate funds after several years of anemic dealmaking.

Knightstone Hotel Group makes first U.S. acquisition in Arlington, Va.

Toronto-based Knightstone Hotel Group Inc. has acquired the Sheraton Pentagon City Hotel in Arlington, Va., marking its first step into the United States hospitality market. The 419-room property is located adjacent to Arlington National Cemetery and The Pentagon.

Cottonwood Group closes $1B fund focused on distress

Cottonwood Group has closed a US$1B fund for special situations, including everything from refinancing and new development opportunities to the acquisition of struggling properties. Distressed assets will be a heavy emphasis.

New Mountain pays $640M for net lease portfolio

Funds advised by New Mountain Net Lease, part of New York-based alternative investment firm New Mountain Capital, have completed the acquisition of a 53-asset global net lease portfolio for $640 million. 

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