Canada's regulatory and liability landscape is less black and white than the Innocent Landowner requirements in the US, and thorough due diligence is arguably even more critical to adequately protect against losses and liabilities when investing in Canada. Nicole Shelton discusses the local nuances those investing across the border should be aware of.

NEW YORK CITY—It seems everywhere you turn here there is a construction crane or workers with hard hats toiling on a new project. Thanks to a continued influx of new major residential and commercial developments, construction activity in New York City rose 31% to $26.1 billion in 2014 as compared to a year earlier.

MADISON, NJ—A joint venture consisting of Normandy Real Estate Partners, MRY Associates and HP Giralda 2014 LLC today announced that it has acquired a 40 acre land site in the Giralda Farms campus in Madison, NJ and will develop the parcel for office space.

NEW YORK CITY—Flat for the past six years, overall construction costs now show signs of spiking, according to consulting firm Rider Levett Bucknall.