Real Estate News Exchange

The Real Estate News Exchange (RENX) is a digital platform that offers news, insights, and analysis related to the Canadian real estate sector.

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Colliers to acquire Triovest from Coril Holdings

1 week ago | renx.ca | Steve McLean |Coralie Olson |Tyler Choi

Colliers (CIGI-T) has entered into a definitive agreement to acquire 100 per cent of Triovest's Canadian commercial real estate services platform from Coril Holdings. Colliers confirmed the transaction in an announcement Tuesday morning. Terms of the deal, which is expected to close this quarter, weren’t disclosed.
Epic Investments acquires west-end Ottawa retail plaza

3 weeks ago | renx.ca | Steve McLean |Don Wilcox

Epic Investment Services has added its name to the list of buyers acquiring retail properties in recent months, acquiring the grocery-anchored Ottawa Greenbank Hunt Club Centre on behalf of an unnamed client investor. Located at 250 Greenbank Rd., it is located along a commercial corridor in the west-end residential neighbourhood just north of one of the city’s main east-west arteries, Hunt Club Road.
Day on Bay: Queen's students get inside look at the CRE industry

1 month ago | renx.ca | Tyler Choi

Day on Bay: Queen's students get inside look at the CRE industry University group expands on Ontario Real Estate Clubs Association event, adds visits and tours with major firms Business editor A Day on Bay session in 2023. (Courtesy Queen’s Real Estate Investment Association)Students from Queen’s University who picture a career in real estate are taking time this week to learn from leading industry figures in Toronto as part of its flagship event Day on Bay.
Choice CEO Rael Diamond: Perspectives on a career in CRE

1 month ago | renx.ca | Steve McLean |Emma Caplan-Fisher |John Dujay |Mario Toneguzzi

As president and CEO of Choice Properties REIT, Rael Diamond oversees a portfolio of over 700 retail, industrial and mixed-use residential properties in Canada. Those assets combine to exceed 60 million square feet of gross leasable area, are worth approximately $17 billion, and also include a significant development and intensification pipeline. CHOICE is Canada's largest real estate investment trust by total portfolio GLA, number of properties and market capitalization.
GWLRA selling, building to modernize multifamily portfolio

1 month ago | renx.ca | Steve McLean |Mario Toneguzzi

GWL Realty Advisors (GWLRA) has put The Diplomats, a purpose-built apartment complex in Burlington, Ont., up for sale. “Our key investment strategy focuses on disposing of non-core assets and reinvesting capital into core holdings and newer generation, urban, income-producing properties,” GWLRA senior vice-president of multiresidential Erica Penrose told RENX in a written response to questions about the firm's portfolio.
Vacant for 6 years, Calgary's former Nexen tower gets new life

1 month ago | renx.ca | Mario Toneguzzi |Steve McLean |John Dujay |Danny Kucharsky

A class-A office tower in downtown Calgary which has basically sat vacant since 2019 is getting new life with the renovation of its two lower floors and new leases bringing tenants to 10 of its 37 storeys. 801 Seventh, formerly known as the Nexen building, recently went through a large-scale revitalization to transform it into a state-of-the-art, contemporary office destination.
Sunray Group buys Toronto's luxury Bisha Hotel

1 month ago | renx.ca | Steve McLean |Mario Toneguzzi |John Dujay |Danny Kucharsky

96-room downtown hotel to be converted to Canada's first Marriott The Luxury Collection property Commercial Transactions Toronto / GTA Sunray Group has acquired downtown Toronto’s Bisha Hotel from Lifetime Developments and INK Entertainment Group for an undisclosed price and will convert it into the first Canadian location for Marriott’s The Luxury Collection brand.
Pavilion Coworking expands in Calgary, Vancouver

1 month ago | renx.ca | Steve McLean |Don Wilcox |Mario Toneguzzi |Evan Duggan

Vancouver-based Pavilion Cowork plans to open two new facilities in the coming months, including its first outside of its home city. The company plans to open in Calgary this fall. Pavilion is a sister company to Alabaster Homes, a boutique Vancouver homebuilder which has also recently branched out into purpose-built rental homes, condos and commercial. They are headed up by Alabaster president Herman Kwee.
Vermette, Roy newest VPs at PSP; Ravelin appoints trustees

1 month ago | renx.ca | Don Wilcox |John Dujay |Steve McLean

Caroline Vermette and Alexandre Roy have assumed senior executive positions with PSP Investments. (Courtesy PSP Investments)The Public Sector Pension Investment Board (PSP Investments) has appointed Caroline Vermette as senior vice-president and chief financial officer. PSP also said Alexandre Roy has been named senior vice-president and chief risk officer. Vermette joins PSP from National Bank of Canada, where she most recently served as senior vice-president, internal audit.
Commercial Real Estate

1 month ago | renx.ca | Tyler Choi

Commercial Commercial Real Estate Toronto / GTA Students from Queen’s University who picture a career in real estate are taking time this week to learn from leading industry figures in Toronto as part of its flagship event Day on Bay. Smart City Media Inc. Commercial Commercial Real Estate National Explore 20,000+ commercial real estate aerial images—searchable by location on an interactive map.