RioCan Real Estate Investment Trust (TSX:REI.UN) has entered into a definitive agreement to sell a 50% stake in the Sunnybrook Plaza redevelopment in Toronto to Concert Real Estate Corp. for $26.3 million in a deal slated to close next month.
RioCan has already received approval for its transit-oriented development to be constructed at 660 Eglington Ave. E. on the northeast corner of Bayview and Eglinton Avenues and just steps away from the Eglinton...
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