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RioCan to Exit Key Mink Mile Location

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CoStar News can report RioCan Real Estate Investment Trust is selling a key asset on Toronto's prestigious retail strip known as the Mink Mile, a move that seems to fly in the face of the REIT's urban growth strategy. But sources close to the deal for 85 Bloor Street West, a 14,000-square-foot, three-storey retail building being actively marketed by real estate company CBRE Ltd., said the property was simply too small to develop for the giant REIT...

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