Wayfair Expanding Operations, Leases Brand New 770,000-SF Facility in...
Boston-based Wayfair Inc. (NYSE: W) appears poised to up its e-commerce game in the Canadian marketplace, based on data from CoStar research showing the online home furnishing company has secured a...
View ArticleKey Piece of Toronto's "Mink Mile" For Sale
A critical piece of Toronto's famed retail "Mink Mile" has hit the marketplace with sources telling CoStar News the price range for 15 Bloor St. West is between $75 to $100 million as buyers circle for...
View ArticleCominar to Sell $1.14 Billion of Property to Slate
Quebec City-based Cominar Real Estate Investment Trust is selling 97 properties it considers non-core to Slate Acquisitions Inc., in a deal worth $1.14 billion. The proposed deal, which totals 6.2...
View ArticleCanadian Cities Top Industrial Rental Growth Forecast
Three Canadian cities top a new forecast from Cushman & Wakefield for industrial rental rate grow in North America. "There is no question we are a part of a bubble in a way," said Stuart Barron,...
View ArticlePure Industrial Shaking Up Portfolio
Toronto-based Pure Industrial Real Estate Trust is shaking up its portfolio, selling off some older "non-core" mature assets and buying newer properties. The trust will sell a 53-year-old building at...
View ArticleTough New Regulations Could Hit Developers
Tough new federal banking loan rules that kick in Jan. 1, 2018 will leave some consumers scrambling to close purchases and have some Canadian developers considering getting into the mortgage business...
View ArticleSlate Office REIT Makes Move Into U.S.
Toronto-based Slate Office Real Estate Investment Trust (TSX: SOT.UN) has made its first move into the U.S. office market with a deal in place to buy a 31-story building in Chicago for $85.6 million....
View ArticleHead of the Class: CPPIB, GIC and Scion Acquire 24 Student Housing Properties...
Scion Student Communities, a student housing investment group that includes the Canada Pension Plan Investment Board (CPPIB), GIC and The Scion Group LLC, has acquired a U.S. student housing portfolio...
View ArticleBlackstone to Acquire Vancouver-Based Pure Industrial REIT for C$3.8 Billion
This 278,400-square-foot distribution building in Hopewell Distribution Centre in Richmond, BC, is part of PIRET's Canadian portfolio. An affiliate of Blackstone Group LP has agreed to acquire Pure...
View ArticleCT REIT Taking Back Lease from Sears Canada
Canadian Tire Corp.'s real estate investment trust arm, CT REIT, is taking back the distribution centre it leased to Sears Canada in 2016. A product of the retailer’s bankruptcy, CT Real Estate...
View ArticleCortland Forms Big MF Partnership
Pictured: Lakecrest at Gateway Park in Denver, one of three communities acquired by the Cortland/ GIC/CPPIB venture this past fall.Atlanta apartment shop Cortland Partners has struck a partnership with...
View ArticleIvanhoé Cambridge Close to Selling Stake in Two Malls
Pictured: Fairview Mall in Toronto.Ivanhoé Cambridge is in the final stages of selling its 50% stake in two key regional malls, sources tell CoStar News. The subsidiary of the Caisse de dépôt et...
View ArticleCIBC Sees Up to 10% Return for REITs
Canadian real estate investment trusts are going to have a hard time outperforming the broader public market because of investor distaste for retail assets, according to a new investment bank report....
View ArticleDesjardins Capital Markets Says Multifamily Strongest Sector
Desjardins Capital Markets has named the multifamily segment as its top pick for 2018 within the publicly-traded real estate investment trust world, calling for total returns of 7% to 12% in the...
View ArticleNo Breaks for Tenants in Toronto
Pictured: Michael Betsalel, senior vice president of JLL Capital Markets.Multifamily units are selling for close to $200,000 in Toronto, but even at that price a new report from JLL says they are still...
View ArticleAvison Young Taps Public Markets for New CFO
Toronto-based Avison Young has reached into the public markets to tap its new chief financial officer, Christine Battist, who was most recently CFO at Silver Bay Realty Trust. Battist, who will work...
View ArticleKingSett Executive Managing Director Leaving
Joe Mazzocco (pictured) stepping down as executive managing director at KingSett.Jon Love, the chief executive of KingSett Capital, has told social media followers that his executive managing director,...
View ArticleToronto Only Canadian City to Make HQ2 List
Toronto was the only Canadian market among 20 cities in North America to make the next cut for Amazon's HQ2, but the Seattle-based company would face a tight market if it ultimately chooses the...
View ArticleSlate Office Buying $191.4 Million in Assets
Pictured: 5500 N. Service Rd. in Burlington, one of seven properties to be acquired by Slate Office Real Estate Investment Trust.Toronto-based Slate Office Real Estate Investment Trust is spending...
View ArticleCoptic Orthodox Church of St. George and St. Abanoub Buy Milton Office Bldg.
The Coptic Orthodox Church of St. George and St. Abanoub acquired a single-story office building in Milton, ON, which it plans to occupy. Bruker Canada sold 555 Steeles Ave. E in Milton’s Business Park...
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