REITs & Institutions

Office towers in downtown Toronto.
REITs & Institutions

H&R REIT Considering Strategic Sale After Receiving Multiple Offers

​H&R REIT (TSX: HR.UN) said that it formed a special committee in February after receiving an unsolicited expression of interest from a potential buyer.

Hotel

Brookfield Buys Shangri-La Vancouver From Westbank & Peterson, Rebrands It As Hyatt

The Shangri-La Vancouver is located within a 62-storey tower developed by Westbank and Peterson and is set to be rebranded as a Park Hyatt in 2026.

Development Projects

RioCan, Milestone Bringing 8-Building Master Plan To Lawrence Plaza In Toronto

The proposed master plan will consist of eight buildings from six to 40 storeys, as well as 2,693 new homes that are poised to be rental in tenure.

Retail

Primaris REIT Buys 65-Acre CF Lime Ridge Mall In Hamilton For $416M

Primaris REIT (TSX: PMZ.UN) is acquiring an 100% ownership stake in the Lime Ridge Mall located at 999 Upper Wentworth Street in Hamilton, Ontario.

Multifamily

Fiera Buys Quarry Park Towers For $120M In Top Q1 Transaction In Calgary

​The acquisition of DeVille at Quarry Park was announced by Fiera Real Estate in January, but financial details were not disclosed.

Office

Oxford Buys CPP Out Of Trophy Office Towers In Vancouver, Calgary For $730M

CPP Investments sold its 50% stakes in Vancouver's Marine Building, MNP Tower, Guinness Tower, and The Stack, plus Calgary's Centennial Place, Eau Claire Tower, and 400 Third.

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.​

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.