Primaris REIT agrees to buy Upper Canada Mall for $411m

by Released

Primaris REIT has agreed to acquire a 100 percent interest in Upper Canada Mall in Newmarket, Ontario, for $411 million.

CPP Investments enters India’s hospitality sector

by Released

Canada Pension Plan Investment Board (CPP Investments) has announced an INR 30 billion ($309 million) investment in Prestige Hospitality Ventures Ltd. (PHVL), the hospitality platform of Prestige Estates Projects Ltd. (Prestige Group), one of India’s leading real estate developers. Through the investment, CPP Investments will acquire an approximately 27 percent stake in PHVL, with the majority of the capital supporting the platform’s continued expansion.

Savills: European real estate investment volumes to reach €156b for Q1–Q3 2026

by Released

According to Savills’ latest research, European real estate investment volumes are forecast to reach €156 billion ($182.5 billion) for first quarter to third quarter 2026, a 4 percent year-over-year increase.

The housing story nobody’s telling about AI

by Jason Bordainick

Everyone is writing about artificial intelligence (AI) and jobs. Fewer people are writing about what happens to the buildings where people live. That is the piece missing from the conversation and the one that matters most to those of us who allocate capital to housing. Nearly half of U.S. renters already spend more than 30 percent of their income on housing. That is before AI begins to meaningfully reshape the labor market. No one knows exactly how quickly AI adoption will affect employment. But investors do not have to predict the future perfectly. They only need to recognize where today’s trends are likely to intersect.