RSS Real Estate News Exchange (RENX)

  • Broccolini joins big leagues with $100M Montreal land buy
    UPDATED: Broccolini’s $100-million purchase of an undeveloped property in downtown Montreal proves the developer is “becoming more and more of a force to contend with” in the city, says Roger Plamondon, the company’s president of real estate development and acquisitions. The purchase of the 135,000 square foot site on Robert-Bourassa Boulevard is being touted as […]
  • Granite REIT sells 10 Canadian, U.S. properties for $400M
    Granite REIT has taken a major step toward reducing its exposure to Magna International, its primary tenant, with the sale of 10 properties in Canada and the U.S. for approximately $400 million. "The sale of these properties is another major value creation milestone for Granite. It significantly reduces Granite's exposure to Magna and the special […]
  • Toronto mixed-use site a hot commodity
    A prime piece of Toronto real estate already zoned for mixed-use development is on the block and attracting interest from a variety of potential purchasers ahead of the offer submission deadline of noon on Friday. The site at the northeast corner of Howard and Sherbourne Streets, near Bloor Street, encompasses 50,785 square feet and includes […]
  • West Block developer urges Edmonton to keep word on LRT
    A developer with a $100-million project on the line urged Edmonton city council this week to stick with its commitment to light rail transit (LRT). Salima Kheraj, of the InHouse division of Beaverbrook Group, says she thinks “the message was heard” when she and her partner spoke at Monday’s council meeting as councillors debated whether […]
  • Sugar Wharf breaks ground on Toronto waterfront
    Ground has broken on an office tower that will be the first building constructed for one of downtown Toronto’s most eagerly anticipated mixed-use developments, Sugar Wharf. “When you have a site of this size you’re able to do a lot more than just a one-off building,” said Peter Menkes, the commercial/industrial division president of Menkes […]