The number of sales recorded over Canadian MLS Systems was unchanged (-0.1%) between March and April, pausing the trend of declining activity since the beginning of the year. According to the Canadian Real Estate Association (CREA), actual (not seasonally adjusted)...
The Vietnamese government has approved a $1.5 billion proposal by the Trump Organization to build golf courses, hotels and real estate projects in the country. The Associated Press reports the Trump Organization and a local developer, Kinhbac City, proposed their...
Canadian Prime Minister Mark Carney has appointed Gregor Robertson as the nation’s new Minister of Housing and Infrastructure. Robertson became a Member of Parliament in last month’s election. He gained national prominence as mayor of Vancouver from 2008 to 2018....
The fast casual restaurant chain Shake Shack (NYSE: SHAK) is expanding into Central America through a partnership with Grupo Attie-Multifood Enterprises. The company announced it will enter this region with 12 eateries to open across Panama over the next 10 years,...
Montreal-headquartered PRO Real Estate Investment Trust (PROREIT) (TSX: PRV.UN) has acquired a six-asset portfolio of Winnipeg industrial properties for $96.5 million from Parkit Enterprise Inc. (TSX.V: PKT). The portfolio encompasses 678,177 square feet of gross...
A condominium complex in Edmonton that was evacuated nearly two years ago over concerns that the building was going to collapse has been sold. CBC reports Castledowns Pointe was purchased by the development and rental company Harmani Sale Inc. for $5.1 million, which...
Hits and Misses for the Real Estate Week of June 15-19
