Industrial CEOs Not Too High on Marijuana
Kevan Gorrie, chief executive of Pure Industrial Real Estate Trust, sounds like he's getting a little tired of being asked where marijuana fits into his tenant mix. "I think I've been quoted five or...
View ArticleAnother Bank Office for Empty Sears Space
Pictured: Rendering of TD Bank's new corporate office at CF Champlain.Cadillac Fairview has teamed up with another Canadian bank to deal with its empty Sears Canada space, this time signing up the TD...
View ArticleReport Suggests GTA Tenants Heading to Suburbs
Pictured: Bill Argeropoulos, principal and practice leader of research for Avison Young Canada.The pace of leasing activity in the Greater Toronto Area was "tepid" in the first quarter, but mostly...
View ArticleTD Securities Snags RioCan Listing
TD Securities has snagged one of the listings from RioCan Real Estate Investment Trust's $2 billion asset disposition now working its way down to the broker level. The bank's real estate arm is now...
View ArticleExclusive: Times Group Pays $122 Million for Yonge St. Redevelopment Site
It's all about those 500 metres to the subway station, the president of Times Group said about the $122 million his Toronto-area company agreed this week to pay for an 8.1-acre site in the north end of...
View Article5 Ways REITs Deal With Rising Interest Rates
The way analyst Jack McCabe sees it, rising interest rates are to real estate investment trusts what torn ACLs are to NFL draft prospects. “REITs perform very well in a low interest-rate environment,...
View ArticleExclusive: Toronto's Wynn Family Selling $1 Billion Real Estate Portfolio
Pictured: West Lodge Towers at 103-105 W. Lodge Ave. in Toronto.Wynn Group of Companies, one of Toronto's largest multifamily property owners, has agreed to sell more than $1 billion worth of assets to...
View ArticleBerkshire Axis Development Sells Toronto Low-Rise
Greenrock Property Management Ltd, a property management company, purchased the apartment building at 166 Eastbourne Ave. in Toronto from Berkshire Axis Development for $5.1 million, or about $243,000...
View ArticleCatholic Children’s Aid Society of Toronto Leases 96,559 SF in Scarborough
The Catholic Children’s Aid Society of Toronto signed a 15-year lease for 96,559 square feet in the Aviva Centre at 2200-2206 Eglinton Ave. East in Scarborough. The seven-storey building is located...
View ArticleGreybrook, Marlin Spring Teaming Up on $140 Million Mixed-Use Project in Toronto
Toronto-based Greybrook Realty Partners Inc. said it is investing $6.67 million in equity through its managed issuer to acquire and oversee a mixed-use mid-rise condominium residence southwest of the...
View ArticleFederal Government to Launch New Housing Initiative Worth $13.2 Billion
Pictured: Evan Siddall, chief executive of Canada Mortgage and Housing Corp.The federal government announced a new initiative Wednesday to create up to 60,000 affordable housing units and repair up to...
View ArticleBombardier to Sell Downsview Site for US$635 Million
Montreal-based Bombardier Inc. is selling its 370-acre Downsview property site for US$635 million to the Public Sector Pension Investment Board, a move that promises a massive redevelopment...
View ArticleAgellan Strikes Deal to Sell Parkway Place for $256 Million
Toronto-based Agellan Commercial Real Estate Investment Trust disclosed Friday that it has agreed to sell its four-building Parkway Place office and retail property for $256.3 million, ending an...
View ArticleInvesque Enters Development Partnership with Indiana Healthcare Real Estate...
Toronto-based Invesque Inc. said Monday it has signed a development partnership with Carmel, IN-based Ellipsis Real Estate Partners that will immediately yield five new projects. Invesque is building a...
View ArticleOttawa's Minto Meeting with Advisers on Possible Multifamily IPO
Minto Yorkville at 61 Yorkville Ave. in Toronto.One of Canada's largest and longest operating real estate companies has hired investment bankers as it considers spinning off some of its extensive...
View ArticleThe Transit Factor in Amazon's HQ2 Selection Reflects Transportation's...
Pictured: 101 Main St. in Cambridge, MA, a 341,000-square-foot office property occupied by Amazon.In cities across America, weary locals have long complained that strained transportation networks were...
View ArticleCominar Putting $500-$600 Million of its Portfolio on the Block
Pictured: Sylvain Cossette, president and CEO of Cominar.Cominar Real Estate Investment Trust plans to sell $500 to $600 million of commercial real estate this year and has hired RBC to market what the...
View ArticleGranite Enters $232.5 Million Purchase Agreement in Ohio, Continues to...
Pictured: The 1.3 million-square-foot Mars Petcare facility at 15 Commerce Pky., one of four West Jefferson, OH industrial facilities to be acquired by Granite in a US$232.5 million deal.Toronto-based...
View ArticleOne of Canada's Top REITs Calls it a Day
One of Canada's oldest real estate investment trusts said goodbye to the public markets this week, and RBC Capital Markets analyst Neil Downey used the opportunity to applaud Canadian Real Estate...
View ArticleH&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday...
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