Some People Want "Vinyl" but WeWork Spinning Out Fourth Toronto Location
Pictured: Dave McLaughlin, General Manager, Northeast, WeWork.WeWork will announce another location in Toronto this week as it continues to ramp up its presence in Canada's largest city, but the...
View ArticleIs Toronto Cursing Amazon in HQ2 Bid?
Pictured left to right: Rob Spanier, partner and principal, Live Work Learn Play; Bryan Buggey, acting CEO, Vancouver Economic Commission; Toby Lennox, CEO, Toronto Global; Blair Patacairk, VP global...
View ArticleOrlando Corp. to Get 4.5% of Summit Income
One of Toronto's largest industrial landlords has struck a deal to acquire a minor stake in a publicly-traded real estate investment trust. Mississauga-based Orlando Corp, which owns and manages 12...
View ArticleDutch Buyers Pay "Record" Apartment Price
Two Netherlands-based companies have paid $20.95 million to purchase one of Toronto's oldest apartment buildings, a 24-unit mid-rise complex constructed by famed Canadian financier, Sir Henry Pellatt....
View ArticleMinto Confirms it is Going Public
Minto Yorkville at 61 Yorkville Ave. in Toronto.Ottawa-based Minto Properties Inc. has confirmed a story first reported by CoStar News that it will be taking its multifamily division public under the...
View ArticleOntario Landlords, Ready for Rent Registry?
An apartment rent registry in Canada's largest province could become a reality after the June election in Ontario. The proposal is spelled out in the 98-page platform from the New Democrat Party, which...
View ArticleDeal for PIRET Closes, Management Staying On
The red-hot industrial sector officially lost one of its few publicly-traded players this week with the closing of the deal that saw Blackstone Property Partners buy Pure Industrial Real Estate Trust...
View ArticleRioCan Hires RBC to Shop London Retail Centres in Planned Exit from Market
RioCan Real Estate Investment Trust has formally listed its 10 shopping centres for sale in London, in a move that will mark the REIT's exit from the southwestern Ontario town. RioCan has retained RBC...
View ArticleRioCan Issues Warning About Further Rent Control
Pictured: Ed Sonshine, chief executive of RioCan.RioCan will always be a retail real estate investment trust first and foremost, chief executive Ed Sonshine told shareholders at the Toronto-based...
View ArticleAoyuan Reveals Additional Details for Newtonbrook Plaza
Hong Kong-based Aoyuan Property Group disclosed some additional plans for Newtonbrook Plaza, the company's $200.8 million development site it purchased in 2017. The developer group confirmed in...
View ArticleFarm Boy Takes 91,800 SF in Mississauga
Farm Boy, a Canadian food retailer, signed a 15-year lease for 91,783 square feet in the industrial facility located at 1600 Courtneypark Dr. E in Mississauga, ON. The 91,783-square-foot warehouse was...
View ArticleDunpar Homes Buys Sheridan Centre in Mississauga for $70 Million, Eyes...
It once had a Target as its anchor tenant. But the future of Sheridan Centre in Mississauga is looking residential - the latest mall searching for answers to flagging retail sales. CoStar News can...
View ArticlePIRET Chief Executive Jumps to Granite
Kevan Gorrie, the chief executive who led Pure Industrial Real Estate Trust through its $3.8 billion sale last month to Blackstone Property Partners and IvanhoƩ Cambridge, is moving on to take the same...
View ArticleCadillac-Fairview Takes 100% Ownership of Ritz-Carlton
Cadillac-Fairview has acquired the portion of the Ritz-Carlton in Toronto that it doesn't already own, the company said in a statement. Without providing an amount, Cadillac said it purchased the...
View ArticleHudson's Bay Shuttering 10 Lord & Taylor Stores Including Manhattan Flagship,...
Lord & Taylor will be exiting its flagship store at 424 Fifth Ave. in Manhattan as part of a business streamlining. Toronto-based Hudson's Bay Co. announced plans to close 10 Lord & Taylor...
View ArticleIKEA Calls Off Plans for Big Box Stores in Three US Markets
After opening 27 stores in the U.S. in the past 15 years, iconic Swedish component-furniture retailer IKEA has called off expansion plans in three markets while it considers making potentinally...
View ArticleRemenyi House of Music Building on Bloor Trades Hands
Tribute Communities has closed on a property that is home to one of Toronto's most famed musical stores. Remenyi House of Music Ltd. agreed to sell its building at 210 Bloor St. West, where it has been...
View ArticleRent Control on Everyone's Mind at New Apartment Construction and Mixed-Use...
Pictured: Greg Romundt, left, CEO, Centurian Apartment REIT, and Derek Lobo, right, CEO, SVN Rock Advisors Inc.You couldn't have a conference on new apartment construction without addressing potential...
View ArticleUPDATED: IKEA Calls Off Plans for Big Box Stores in Three US Markets
After opening 27 stores in the U.S. in the past 15 years, iconic Swedish component-furniture retailer IKEA has called off expansion plans in three markets while it considers making potentinally...
View ArticleHyatt Boosting Brand Presence in Canada
Pictured: Park Hyatt Toronto in Yorkville, currently under renovations and scheduled to re-open in December 2019.Hyatt plans to increase its presence in Canada from its current nine-branded hotels to...
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