REITs & Institutions
REITs & Institutions
InterRent REIT To Be Acquired By Insider And Singaporean Wealth Fund For $4B
The bid comes from Mike McGahan, the current Executive Chair of InterRent REIT, and GIC, the Singaporean sovereign wealth.
May 27, 2025
Real Estate News
Toronto City Council Approves 7 High-Rise Proposals From Choice, Diamante, And More
The lion’s share of development applications before Council this month got the green light, which is perhaps a testament to the intensified emphasis on homebuilding in Toronto.
REITs & Institutions
Primaris REIT To Spend $50M To Repurpose 5 Hudson's Bay Stores That Saw No Bids
Primaris REIT (TSX: PMZ.UN) is the landlord of Hudson's Bay at 9 locations, the remaining four of which are subject to pending bids.
Development Projects
Choice Properties Advances Plans For 17 Storeys Near Warden Station
The project has faced pushback in the past, but is now advancing with a Site Plan Approval application for Block Three, planned to accommodate a 17-storey rental building designed by Giannone Petricone Associates.
Canopy Towers Celebrates Community And Connectivity In Mississauga
On Victoria Day, Liberty Development hosted a community celebration on-site at Canopy Towers, welcoming partners, homebuyers, and special guests to mark several major project milestones.
Development Projects
First Capital Completes Land Assembly, OLT Settlement For Avenue Lawrence Project
First Capital REIT acquired the Avenue Road and Lawrence Avenue West properties in Toronto in phases over the last few years.
Development Projects
Dream Office REIT Secures Grant To Convert 16-Storey Office Tower In Calgary
The office building sits at 606 4th Street SW and Dream Office REIT (TSX: D.UN) has secured an $11 million grant via Calgary's office conversion incentive program.
REITs & Institutions
Ravelin Properties REIT Issues "Going Concern" Warning
Ravelin Properties REIT is currently in discussions with its lenders regarding recapitalization, but will be unable to continue as a going concern if they are unsuccessful.
Industrial
QuadReal Buys Maple Leaf Self Storage Chain Valued At Over $500M From Larco
The Maple Leaf Self Storage portfolio includes 11 properties in Metro Vancouver and four in Calgary and is valued at more than $500 million.
Development Projects
Wesgroup Joins Crombie REIT On Four Safeway Redevelopments In Metro Vancouver
Wesgroup Properties is joining Crombie REIT on its Kingsway & Tyne, Lynn Valley, Hastings, and West Broadway projects across Metro Vancouver.
Development Projects
Crombie, Northam Looking To Replace Scarborough Beer Store With 36-Storey Rental
Crombie REIT entered into a co-ownership agreement in 2018 that resulted in 50% interest in 3130 Danforth Avenue being sold to a subsidiary of Northam Realty Advisors.
REITs & Institutions
RioCan Recognizes $209M Investment Loss From Joint Venture With Hudson's Bay
RioCan REIT (TSX: REI.UN) and Hudson's Bay formed their joint venture in 2015.
Construction
Inside Forum Asset Management's $15.5M Development Charges Battle In Guelph
Forum Asset Management announced earlier this month that it is putting the second phase of its student housing project in Guelph on hold after the City's decision to impose $15.5 million in development charges.
Industrial
Choice Properties REIT Announces $340.3M In Industrial Property Acquisitions
The acquisitions announced by Choice Properties REIT (TSX: CHP.UN) occurred subsequent to Q1 2025.
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