News
Elysium builds, buys sites for Yarra student housing platform
1+ day, 4+ hour ago (928+ words) It's a busy time at Yarra, the purpose-built student housing platform of Elysium Investments Inc. Plans have been unveiled for its first development in Guelph, Ont. and the firm is about to close on another development site in Toronto. Both…...
Dispute resolved, Ahmed expands 2-tower Dundas St. E. development plan
1+ day, 5+ hour ago (772+ words) Ahmed Group's proposed development of a mixed-use, purpose-built rental project of 568 units at 1000 and 1024 Dundas St. E. in Mississauga has taken a major step forward after a settlement was agreed to with Mother Parkers Tea & Coffee Inc. The Region of Peel…...
RFA Financial kicks off dispositions with $344 M in CRE transactions
2+ day, 2+ hour ago (788+ words) RFA Financial has begun selling real estate assets as part of a strategy to redeploy capital into its higher-growth financial services and banking operations, the company's chief executive told RENX." The initial dispositions " including two properties in Saskatchewan " kick off…...
Pure Industrial sells former Toys "R" Us GTA headquarters
2+ day, 4+ hour ago (623+ words) Vanguard Realty Brokerage Corp. has brokered its biggest deal ever by representing both sides in Pure Industrial's $136-million sale of a 471, 051-square-foot building at 2777 Langstaff Rd. in Vaughan, Ont. to Franline Investments Inc. , a Canadian manufacturer of aluminum products. "We…...
GWLRA enters industrial strata development with spec build
2+ day, 22+ hour ago (801+ words) GWL Realty Advisors (GWLRA) is entering the industrial strata market with a 120, 486-square-foot, 14-unit speculative development called Leslie Link just north of Toronto in Richmond Hill. "We identified a series of strategies where we thought there was an opportunity for…...
Manufactured housing investments pay off for Flagship Communities REIT " RENX - Real Estate News Exchange " Real Estate News Exchange
2+ day, 23+ hour ago (986+ words) President and chief executive officer Kurt Keeney co-founded Flagship with chief investment officer Nathan Smith in 1995 with the development of a 152-lot MHC in Warsaw, Ky. They quickly purchased an income-generating, value-add MHC to help pay for the first property…...
Projects and problems in the GTHA multifamily sector: Part I
2+ day, 22+ hour ago (948+ words) Condominium sales have collapsed, multifamily residential rents have come down and new housing development has slowed." A recent event at the Toronto offices of public relations firm NKPR brought development, architecture, brokerage and property management experts in front of journalists…...
Sun Life invests $2. 95 B in BGO, Crescent Capital, Bell Partners
2+ day, 22+ hour ago (751+ words) Sun Life Financial Inc. (SLF-T) is making a multibillion-dollar investment to expand its real estate holdings, acquiring 100 per cent stakes in BGO and Crescent Capital Group, and announcing a deal to acquire U. S. multifamily property company Bell Partners Inc. Sun Life,…...
GWLRA acquires newly built, east Toronto industrial building " RENX - Real Estate News Exchange " Real Estate News Exchange
2+ day, 23+ hour ago (563+ words) GWL Realty Advisors has acquired a new-build, 333, 368-square-foot industrial distribution property at 2750 Morningside Ave. , in Toronto which had been developed for Oxford Properties. Located on an 18. 98-acre freehold site, the building was designed by Ware Malcomb and constructed in 2022. The…...
Mancal Properties expands Calgary industrial assets, buys Barlow Crossing
3+ day, 22+ hour ago (674+ words) Calgary-based Mancal Properties continues to expand its industrial real estate portfolio with the acquisition of Barlow Crossing in Calgary, which consists of 378, 000 square feet across five buildings and two complementary retail components. Patrick Briscoe, Mancal Properties president, told RENX the…...