Lowe's Leases 219,320 SF of Distribution Space in Milton
Lowe's (NYSE: LOW) has signed a three-year lease for 219,320 square feet of industrial space at 8500 Mt. Pleasant Way in Milton, ON. Emery Investments completed construction in 2016 on the...
View ArticleTTC Signs Largest Industrial Lease of 2018
The Toronto Transit Commission (TTC) has signed the largest industrial lease of 2018, snaring 550,000 square feet in a market where the vacancy rate is now less than one percent, CoStar News can...
View ArticleStarlight Taps Mitchell for New Vehicle
Starlight Investments has tapped Bay Street veteran Dennis Mitchell to head up its newly formed real estate securities investment platform, Starlight Capital. Toronto-based Starlight, which manages $8...
View ArticlePrudential Raising up to $2 Billion for US CRE Debt Fund
PGIM Real Estate, the asset management arm of Ontario-based Prudential Financial Inc. (NYSE: PRU), is in the market raising money for its PGIM Real Estate US Debt Fund. PGIM expects to raise about $2...
View ArticleGroup Pays $275 Million for GTA Waterfront Site
Courtesy: JLL.A consortium of developers is paying approximately $275 million to the province of Ontario for a track of land on the Greater Toronto Area's waterfront that is expected to generate up to...
View ArticleTritech Sells, Will Lease Back Portion of Brampton Office Bldg.
Plexxis, a creator of technology for the wall & ceiling industry and other specialty trades, purchased the office building at 14 Abacus Rd. in Brampton, ON, from Tritech Financial Systems for $6...
View ArticleBrookfield Ready to Relist "Jet" Complex in Ottawa
Toronto-based Brookfield Properties is getting ready to relist one of its primary assets in Ottawa, a complex that is currently home to the Ministry of Immigration, Refugees and Citizenship Canada,...
View ArticleOne of Canada's Largest Private Islands Listed
Pictured: Batchawana Island.One of Canada's largest private islands is on the market with a price tag of $14.95 million. For that price, you get the 5,200-acre Batchawana Island - located within Lake...
View ArticleGGP Accepts Sweetened Buyout Offer from Brookfield for $9.25 Billion Cash...
Shopping mall owner GGP Inc. (NYSE:GGP) has accepted a sweetened offer from Toronto-based Brookfield Property Partners L.P. (Nasdaq:BPY) to sell the remainder of the company Brookfield doesn't already...
View ArticleKingSett Looking to Bolster Industrial Presence
Pictured: 33-acre industrial site acquired by KingSett Capital near Toronto Pearson Airport.KingSett Capital, looking to expand its presence in the industrial sector, has purchased a 33-acre site near...
View ArticleSamsonite Stratford Centre Changing Hands
The distribution centre for Samsonite Canada in Stratford, Ontario is changing hands. Toronto-based Summit Industrial Income REIT has agreed to acquire 100 percent of the 141,034-square-foot centre...
View ArticleVirgin Hotels, Juniper Capital Buys Hard Rock Hotel & Casino in Las Vegas
English business magnate Richard Branson's Virgin Hotels, along with an investor group led by Juniper Capital Partners, has acquired the 1,506-room, 800,000-square foot Hard Rock Hotel & Casino in...
View ArticlePriciest Piece of Cominar Deal Closes for $195.1 Million
Pictured: 55 University Ave. in Toronto.The most expensive property in Cominar Real Estate Investment Trust's sale of $1.14 billion of its assets was an 18-storey building that Slate Acquisitions...
View ArticleBrookfield Sells Majority Stake in 1801 California
A U.S. subsidiary of Toronto-based Brookfield Asset Management has sold a majority ownership stake in 1801 California, Denver's second-tallest skyscraper, according to Denver County public records. An...
View ArticleToronto Firm Acquires Another South Florida Shopping Center
Northbridge Investment Management, Inc. of Toronto keeps looking to South Florida to build its commercial real estate portfolio. The firm has five assets, and three are in Palm Beach and Miami-Dade...
View ArticleAvison Young Snags Vancouver Firm
Pictured: Alcor Commercial Realty founder, Aaron Burry.Toronto-based Avison Young, which bills itself as the "world’s fastest-growing" commercial real estate firm, says it has acquired an eight-member...
View ArticleConsortium Buys Nearly 400 Acres in Pickering
A consortium of developers has purchased the first major parcel of real estate in the area known as the Seaton lands, a massive area northeast of Toronto first expropriated in the 1970s in connection...
View ArticleSpecial Announcement: CoStar Power Broker Award Winners Named in Toronto
The top-performing commercial real estate firms and brokers in Toronto in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize those who...
View ArticleFiera Properties One of RioCan Buyers
Pictured: Flamborough Power Centre.Toronto-based Fiera Properties has agreed to purchase a small portfolio of four properties worth more than $200 million from RioCan Real Estate Investment Trust,...
View ArticleMainstreet Equity's Bob Dhillon on Apartments
Pictured: Bob Dhillon, CEO of Mainstreet Equity.Sitting in his office less than a kilometre from the wreckage that is the Calgary office market, where some say the total vacancy rate may be close to 30...
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