As the MLB's #OaklandAthletics play their last season at Oakland Coliseum, African American Sports & Entertainment Group has purchased the city's stake in the stadium site, part of a $5B plan to redevelop the area for mixed-use.
bisnow.com/national/news/…

#Wayfair , an established online home goods store, has opened its first large-format physical store, a 150,000-square-foot, two-storey location in the affluent northern Chicago suburb of Wilmette, Ill. The store opened in time for the #MemorialDay weekend.
commercialsearch.com/news/wayfair-m…

Multiple limited liability companies affiliated with EQT Exeter have acquired a roughly 5.1 million-square-foot industrial portfolio in metro Minneapolis-St. Paul, public records show. Prologis sold the assets for a combined $284.6 million.
commercialsearch.com/news/prologis-…

The commercial real estate industry is anticipating a slightly smoother year ahead, according to a new survey of NAIOP members. The survey found favourable sentiment among the industry organization’s membership for the first time since spring 2022.
bisnow.com/national/news/…

With the announcement last week by Premier #DougFord that beer, wine, cider and seltzers will be coming to corner stores across Ontario, The #BeerStore is on the verge of disappearing from the retail scene, experts say.
thestar.com/business/is-th…

#Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company. The offer of $2.50 per share comes from Trilogy Retail Holdings Inc. and Trilogy Investments L.P.
theglobeandmail.com/business/artic…

The Joseph Richard Group is putting all of its 19 B.C. restaurants and related businesses up for sale as part of the process to get its books back in order while in creditor protection, principal Ryan Moreno said.
timescolonist.com/hospitality-ma…

Norderstedt, Germany-based Wellensteyn, an iconic outdoor coat and accessory company that caters to fashion and function, is expanding into Canada with at least 20 stores to be launched in the next five years.
retail-insider.com/retail-insider…

A report by the Fondaction-backed Canadian Impact Investing Working Group, Scaling Impact Investing in Canada Through Mobilizing Asset Owners, is urging institutional fund managers to pursue environmentally and socially conscious investment strategies.
sustainablebiz.ca/report-fund-ma…

The 2024 finalists for BILD’s DelZotto Fearless Innovator Award, Greenbilt Homes and TAS, are both making strong statements has about modern homes and some of the innovative companies that are building them.
renxhomes.ca/bild-recognize…

Toronto architectural firm Hariri Pontarini Architects picked up the Council on Tall Buildings and Urban Habitat Tall Building Design Award for its LEED Platinum office tower that anchors The Well in downtown #Toronto .
storeys.com/hariri-pontari…

For commercial realtors hit by high interest rates and low office occupancy, #artificialintelligence has promise as a potential gateway to greater productivity. Real estate agencies are betting data science can come to the rescue with new efficiencies.
theglobeandmail.com/business/indus…

Software producer Campaigner, which has about 100 employees, is moving to a larger office at 319 McRae Ave, in Ottawa's Westboro neighbourhood. Ottawa-based Campaigner will move into the 10,700-square-foot space in August.
obj.ca/software-firm-…

A report from JLL says the #Vancouver tech scene will grow by 11.9%, amounting to 84,723 tech jobs by 2028. It will be held back by the cost of living and because available space for tech companies is shrinking.
dailyhive.com/vancouver/vanc…

Ottawa and Queen’s Park have reached a deal ensuring $357M in federal funds will flow to the province to build affordable housing, federal Housing Minister Sean Fraser and provincial Municipal Affairs and Housing Minister Paul Calandra announced Tuesday.
theglobeandmail.com/canada/article…

Onni Group has proposed seven towers between 28 and 50 storeys for a transit-oriented development on 7.2 acres on the Coquitlam College campus. The 2,500 homes would include 1,813 market strata condominium homes and 687 secured purpose-built rental homes.
dailyhive.com/vancouver/coqu…

In a roundtable discussion, CEO Mark Kenney discussed the significant gap between housing demand and supply, noting that four to five million new homes are needed over the next seven years, presenting growth opportunities for #REITs such as CAPREIT.
wealthprofessional.ca/news/industry-…

In the Greater Toronto Area, condo sales and, by extension, high-density land transactions continue to decline at rapid rate compared to previous years. The latest from Bullpen Research & Ben Myers renx.ca/condo-high-den… #cre #cre canada #realestate #landsales #TorRE #GTA #GTA RE

Every year since 2013, Intellifi has conducted our Annual Commercial Mortgage Survey, collecting information with respect to non-development mortgage financing, from leading lending institutions across Canada #office #mortgage #assetmanagement #finance
renx.ca/lending-in-can…