REITs & Institutions
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.
Jul 07, 2025
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
BGO Joins Anthem On 2-Acre Coquitlam Rental Project After $22M Purchase
Anthem Properties acquired the 1184 Inlet Street property in Coquitlam, located near Lafarge Lake, back in 2021 for $22,350,000.
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.
Choice And Control (And Cash): New Real Estate Platform Gives Sellers Keys To Success
Launched today (and already long buzzed about), Hyyve is ushering innovation into the traditional residential real estate model, and serving up a new way to spark the agent-seller relationship.
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.
Industry
RioCan Demands Payment From Hudson’s Bay, Files For Receivership Of Joint Venture
RioCan REIT (TSX: REI.UN) and Hudson's Bay formed the joint venture in 2015 and it has become HBC's primary real estate subsidiary.
REITs & Institutions
RioCan Offloads Stakes In Ottawa, Calgary Rental Towers For $173M Amid Portfolio Shift
RioCan sold Frontier, Latitude, and Luma in Ottawa to Killam Apartment REIT and Brio in Calgary to Boardwalk REIT.
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.
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.
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