Real Estate News Exchange

RENX taking a vacation June 29 to July 3 TO OUR VALUED READERS: RENX staff will be taking our annual break for a hard-earned vacation during the week of June 29 through July 3. This means we will not be publishing articles during the week, and we won’t be sending our RENX Daily Newsletter during that time. If you are attempting to reach us during that time, Publisher Ann White will monitor calls and emails on an irregular basis, but will only reply to urgent inquiries.

The shared courtyard at Nicola Real Estate's new PBR community, Spencer Block, in Victoria. (Courtesy Nicola Real Estate) Later this summer, Vancouver-based Nicola Real Estate — the real estate arm of investment management firm Nicola Wealth — will be welcoming residents to Spencer Block, the company’s latest purpose-built rental community in Victoria.

Immo Alliances has bought a portfolio of 25 lowrise apartment buildings in Montreal. (Courtesy Immo Alliances) An investment group led by Immo Alliances has acquired  a multi-residential portfolio of 25 buildings with 248 units, as well as two redevelopment sites following a fire at 2012-2022 Westmore Ave., in Montreal’s Notre-Dame-de-Grâce neighbourhood.

Americold, DP World open cold-storage facility in Saint John Expected cost between $75 and $80 million, create 100 new jobs Editor, new publications Americold has opened a 190,000-sq.-ft. cold storage facility in Saint John, N.B. (Courtesy Americold) In a deal first announced early in 2025, a new cold-storage facility is now open for business in the port of Saint John. The operation supports approximately 22,000 pallet positions and is owned by Atlanta-based Americold Realty Trust (COLD-N).

Forum celebrates 25 years in business: Building a national legacy from local roots A quarter-century built on relationships with the partners, tenants, and communities who grew alongside Forum. Marketing, Forum [Westmount, QC – June 18, 2026] – Forum is marking 25 years of the partnership that built the company.

Castlepoint Numa partner Jeff Brenner at the groundbreaking event for 72 Perth tower on May 22. (Courtesy Castlepoint Numa, Hazelview) Castlepoint Numa acquired the broader development site in 2008, led remediation of a former industrial property and shaped the mixed-use district now anchored by its heritage Auto BLDG. and the T3 office campus owned by Hazelview.

Photo credit: Landerz In Quebec's land market, roughly 70% of transactions happen off-market — a figure drawn from Landerz's own transaction monitoring, which tracks land deals across the province. That number defines the challenge facing every developer, housing organization, or corporate team looking to grow: the most relevant opportunities are invisible by default, buried in a fragmented and opaque market that rewards persistence and relationships over analysis.

Grosvenor's Brentwood Block development in Metro Vancouver. (Courtesy Grosvenor) Grosvenor has named a new Canadian leadership team that the real estate company says reinforces its long-term commitment to Metro Vancouver as one of its core markets. On May 11, the organization named its new executive leadership team for Grosvenor Property Canada. All the promotions were internal.

"CRE Talks" Hosts Darrell Hurst, Senior Managing Director, Brokerage, Colliers Colliers Montreal President & CEO, Colliers Canada & CEO, Real Estate Services, Global, Colliers Associate Director of Research, Colliers Vancouver Executive Managing Director, Greater Toronto Area | Colliers Brokerage Senior Vice-President and Broker, Colliers Toronto Head of ESG, Colliers Real Estate Management Services Canada Senior Vice President, Colliers REMS Senior Vice-President, Colliers Valuation and...

4670 and 4680 Garrard Rd. in Whitby has been sold by Panattoni to Pure Industrial. (Courtesy Panattoni) Fresh off of selling the former Toys “R” Us Greater Toronto Area warehouse and headquarters in March, Toronto-based Pure Industrial has acquired two large properties in Ontario.