Blackstone Real Estate Income Trust has entered into an agreement to acquire WPT Industrial REIT's U.S.-based portfolio of distribution and logistics facilities for USD $3.1 billion.

Recently released results of the REALPAC/Ferguson Partners Canadian Real Estate Sentiment Survey show industry executives in a more upbeat mood in Q2 2021 than was the case 12 months earlier.

Market analysts anticipate more capital flowing into the sector as vacancies tighten and rental rates rise, and they warn that available space is nearing depletion in Vancouver, Toronto and Montreal if leasing continues at the recent pace.

Nearly 200 respondents who collectively own and/or manage more than 2.2 billion square feet of space reported to the 26th annual Who's Who in Canadian Real Estate survey.

Broccolini's acquisition takes one of the largest available tracts of industrially zoned land in Canada off the market.

Cold storage facilities are flagged to deliver robust returns to investors due to the evolution of food retailing, demand for vaccines and other pharmaceuticals, and the thriving outlook for the warehouse/distribution and logistics sector in general.

A new shortsea service will forge a marine link from container facilities at the Port of Hamilton to the Port of Montreal.

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.

The $56-million project will be designed with sustainability in mind, such as reducing long haul distances with products much closer to stores.

Industrial assets and development land accounted for more than 50 per cent of investment sales value in Q1 2021 with trade activity in both sectors far outpacing deal-making in the pre-pandemic months of 2020.

Nexus REIT has entered agreements to acquire five single-tenant industrial buildings, which would add 609,000 square feet of gross leasable area to its portfolio.

Together, the two partners forming GID Industrial have 19 million square feet of industrial inventory in 15 American markets.

Industrial space got even tighter in Canada’s largest commercial real estate markets during the first quarter of 2021, while office sublet activity continued, but at a slower pace than in Q4 2020.

Reflecting on a year in which the pandemic unsettled market fundamentals to the east and to the west, Calgary-based analysts focus more on tangential circumstances than the COVID-19 outbreak itself.

A ten-year run of capital growth abruptly reversed, resulting in a 7.8 per cent loss of value across the 2,356 assets that the 44 portfolios represented in the Canada Annual Property Index hold.

Newmark Global Commercial Real Estate Services has been named to lead the selection process once the in-progress call for 500- to 1,500-acre mega-sites closes on July 31.

The deal will bring M7 Real Estate’s portfolio of €4 billion (CAD $6.16 billion) in assets under management across 14 countries to Oxford Properties' platform.