Minto Stake in New REIT Down to 56.8%
Minto Properties will end up with a 56.8 per cent stake in its new Minto Apartment Real Estate Investment Trust after underwriters exercised their over-allotment option. The Ottawa-based REIT, which...
View ArticleFirst Capital Grabs 2.1-Acre Development Site in Toronto Amid Flurry of Deals
The Hazelton Hotel in downtown Toronto, of which First Capital is now the majority owner after acquiring a 60 per cent stake for $44.4 million.Toronto-based First Capital Realty Corp. is about to take...
View Article1 Million-SF Amazon Fulfillment Centre Headed for Ottawa
Amazon is planning a fulfillment centre in the Canadian capital that will be larger than 1 million square feet, said the Canadian company chosen to build it. Montreal-based Broccolini disclosed it had...
View ArticlePortfolio in Little Italy Hits the Market
Pictured: The S Jose Home Hardware store, one of 10 properties the De Sao Jose family has put on the market for sale.The De Sao Jose family has been operating a hardware store at 556 College Street in...
View ArticleDavpart Pays $38.1 Million for Scotiabank Building
Davpart, a local full service real estate investment and property management company, has acquired the Scotiabank Building in Toronto from Slate Asset Management for $38.1 million, or about $438 per...
View ArticleTrue North Buying Seven Buildings Totalling 486,000 SF Across Canada
Pictured: True North's headquarters building at 3280 Bloor Street West in Toronto.Toronto-based True North Commercial Real Estate Investment Trust says it is adding seven office buildings totalling...
View ArticleColliers Creates Unit for Cannabis Operators
Why sell cannabis when you can sell cannabis operators? As the countdown continues to Oct. 17, 2018, for legalization in Canada, Colliers International says it is expanding its operation to create a...
View ArticleAvison Young Gets $250 Million Infusion from Leading Canadian Pension Fund
Caisse de dƩpƓt et placement du QuƩbec, one of Canada's largest pension funds, is making a $250 million preferred equity stake in commercial real estate firm Avison Young, which plans to use the cash...
View ArticleRioCan to Exit Key Mink Mile Location
CoStar News can report RioCan Real Estate Investment Trust is selling a key asset on Toronto's prestigious retail strip known as the Mink Mile, a move that seems to fly in the face of the REIT's urban...
View ArticleHines, IvanhoƩ Cambridge to Begin Building Latest Downtown Houston Skyscraper...
Hines, in a partnership with IvanhoƩ Cambridge, is proceeding with plans to build a 1 million-square-foot skyscraper on the former site of the Houston Chronicle building in downtown Houston, adding to...
View ArticleMinto REIT Price Rising, Analysts Expect More
Minto Place at 180 Kent St. in downtown Ottawa.Canada's newest apartment real estate investment trust is already undervalued, according to a couple of Bay Street analysts who initiated coverage of the...
View ArticleAgellan Finds Lead Tenant for Largest Chicago-Area Property in Portfolio
Toronto-based Agellan Commercial Real Estate Investment Trust said it has locked down a tenant to occupy 80 percent of the space about to be vacated at its largest property located in suburban Chicago....
View ArticleSanta Monica Business Park Sells for Almost $628 Million
In one of the largest U.S. office property sales of the year, Santa Monica Business Park has sold for $627.5 million. Boston-based real estate owner and developer Boston Properties Inc. closed today on...
View ArticleSavills Lures Office Tenant Rep Team From Jones Lang LaSalle
Howard Bogler and Elliott Greenberg (two from left) will be senior vice presidents at Savills, while Jarrod Bogler (far right) joins the firm as a vice president.Savills has lured three members of...
View ArticleAmazon Takes More Space in Tight Toronto
Amazon is turning up the heat on Toronto's red-hot industrial sector, building another 1 million-square-foot fulfillment center in the northwest part of the region where vacancy rates are the lowest in...
View ArticleWith $235M Construction Loan, One Willoughby Square Project Gears Up
One block north of Fulton Street and adjacent to the City Center entertainment complex in downtown Brooklyn, real estate investment firm JEMB Realty is laying the groundwork for a new class-A office...
View ArticleBritish Advertising Company Signs 240,000-SF Lease to Anchor New Waterfront...
Menkes Developments Ltd. has landed one of the largest office leases of 2018 in Toronto, signing London-based communications company WPP as the anchor tenant for the company's Waterfront Innovation...
View ArticleCan Pop-up Retail Prop Up Malls?
One of Canada's largest retail landlords has unveiled another set of pop-up stores at its busiest mall, a move industry observers applaud to combat rising vacancies. Cadillac Fairview, which has more...
View ArticleOntario Could Face Fees Over Breaking Cannabis Leases
Ontario's decision to reverse course on selling cannabis out of government-run stores - once recreational use is legalized on Oct. 17 - could leave it open to costs from breaking agreements with...
View ArticleCrown Closes on Pearson Corporate Center, Likes Chances of Airport Transit Hub
The hope is that one day the latest acquisition from Crown Realty Partners will be connected to a critical transportation hub near Pearson International Airport in the Greater Toronto Area. The fourth...
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