Sears Canada Completes $100 Million Sale Leaseback with Metrus
Metrus has completed its previously announced $100 million agreement to buy and lease back Sears Canada's (TSX: SCC; NYSE: SRSC) 960,000-square-foot national distribution centre at 9501 Highway 50 in...
View ArticleForman Capital, Trez Capital Launch New Lending Group
Forman Capital LLC, a Boynton Beach, Florida-based direct lender to middle-market commercial real estate clients, and Trez Capital Group LP, one of Canada's largest private, short-term bridge loan...
View ArticleChartwell to Acquire Wedgewood Retirement Resort in Brockville for $37.1 Million
Chartwell Retirement Residences (TSX: CSH.UN) entered into a definitive agreement to acquire the 109-suite Wedgewood Retirement Resort at 15 Market St. E in Brockville, Ontario for $37.1 million, or...
View ArticleW.P. Carey Completes $217 Million Sale-Leaseback with Forterra
W.P. Carey (NYSE: WPC) engaged Irving, TX-based Forterra in a sale leaseback transaction that will keep the multinational manufacturer of concrete and clay building products and its subsidiaries in 49...
View ArticleCoStar's People of Note (Apr. 29)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC, New...
View ArticleCenturion Apartment REIT Completes Mississauga Multifamily Acquisition
Centurion Apartment REIT, a an open-ended investment trust managed by Toronto-based Centurion Asset Management, finalized its previously announced acquisition of the 81-unit apartment complex at 285...
View ArticleHoliday Inn Express Toronto-North York Changes Hands
Vrancor Group, a Hamilton, Ontario-based hotel management and development company, trimmed its Toronto holdings with the sale of the 160-room Holiday Inn Express Toronto-North York to a Toronto-based...
View ArticleLenders Tighten CRE Borrowing Standards
Bank and CMBS loan originators tightened their lending standards for all types of commercial real estate loans during the first quarter, a marked reversal from the previous few years. A significant...
View ArticleAvison Young Names Toronto Principal and SVP of Investment Management
Avison Young has hired real estate investment transaction specialist Ron Perlmutter to serve as a principal and senior vice president of investment management. Based in Toronto, Perlmutter will look to...
View ArticleStarlight U.S. Multi-Family Core Funds Appoints Liddell to CFO
Starlight U.S. Multi-Family tapped Martin Liddell to succeed Tamara Lawson as CFO of its core funds, which include Starlight U.S. Multi-Family Core Fund (TSX.V: UMF.A, UMF.U), Starlight U.S....
View ArticleBrookfield Asset Management To Acquire MHC Portfolio for $2 Billion
NorthStar Realty Finance Corp. has agreed to sell its 135 manufactured housing communities to an affiliate of a real estate fund managed by Brookfield Asset Management Inc. for $2.04 billion or about...
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CoStar's People of Note (May 13)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Los...
View ArticleCinespace Film Studios Sells Studio Facility
Cinespace Film Studios has sold the industrial facility at 721 Eastern Ave. in southeast Toronto, Ontario to General Motors of Canada. Terms of the deal were not disclosed. The 103,791-square-foot...
View ArticleUpdated: More Institutional Capital Targeting Self-Storage Sector Competing...
Major institutional investors are ramping up their investment activity in the self-storage sector, even as public REITs continue to pull off the biggest deals. [Editor’s Note: This story was updated...
View ArticleCoStar's People of Note (May 20)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC,...
View ArticleDymon Capital Wraps Up 1460 The Queensway Purchase
Dymon Capital Corp., a storage, moving, shredding, and online shopping company, completed its acquisition of 1460 The Queensway in Toronto from Orion Furniture Concepts. Dymon Capital intends to...
View ArticleSouth Korea’s Largest Investment Fund Prepping for Big Push into US and Canada
South Korea state-run Korea Post Savings, which has recently sampled a taste of U.S. commercial real estate, is looking to take a bigger bite. The entity that oversees $90 billion in investments issued...
View ArticleSIOR Elects 2017 Officers
The Society of Industrial and Office Realtors (SIOR) has appointed its 2017 officers as it wrapped its Spring World Conference, held in San Diego, CA. The elected officers will be installed prior to...
View ArticleCoStar's People of Note (May 27)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Boston, Chicago,...
View ArticleCanadian Pension Fund Moving $18 Billion Real Estate Portfolio from External...
Calling it a natural evolution ahead of scaling up its real estate investment on a global scale, Victoria-based British Columbia Investment Management Corp. (BCIMC) will take its $18 billion (US$13.8...
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