Brookfield Proceeds With Plans to Develop Third Tower in Toronto's Bay...
Brookfield Property Partners signed the Bank of Nova Scotia to prelease 420,000 square feet in the planned Bay Adelaide Centre North office tower, a move that will allow the developer to begin...
View ArticleLaSalle Canadian Property Fund Reaches $1 Billion
Minto Place at 180 Kent St. in downtown Ottawa.LaSalle Investment Management has reached $1 billion in assets in its Canada property fund, purchasing a Calgary shopping centre for $56.25 million and...
View ArticleHow Slate Asset Management Pulled Off a 97-Property Deal With Cominar
Brady (left) and Blair Welch, co-founders of Slate Asset Management.With 97 properties selling for 1.12 billion Canadian dollars, it was one of the most complex deals of the past year in the United...
View ArticleBentall Kennedy Nabs 458,000-SF Industrial Park with Redevelopment Potential
Bentall Kennedy has acquired the corporate headquarters of metal manufacturing, processing and distribution company Samuel, Son & Co. with an eye towards redeveloping the nearly 25-acre site....
View ArticleCanadian Commercial Mortgage-Backed Securities Market Sputters Along
The loan backing the $97.3 million purchase of Woodside Square, a 295,583-square-foot community center in Toronto, was the largest loan in Canada's most recent commercial mortgage-backed securities...
View ArticleIvanhoe Cambridge Invests in Hot Inland Empire Logistics Market
Colony Commerce Center in Ontario, California, will include 11 industrial buildings ranging from 600,000 to 1 million square feet.Image courtesy of Ivanhoe Cambridge. Developer Ivanhoe Cambridge is...
View ArticleCanadian REIT Adds Office Campus Near Phoenix to Growing Portfolio
The 277,264-square-foot Stapley Center in Mesa, Arizona. Artis REIT, a Canada-based real estate investment trust, purchased a three-building, 277,264-square-foot office campus in Mesa, Arizona, from...
View ArticleManulife Lops Off 474,000 SF From Greater Toronto Industrial Portfolio
80 Hale Rd. in Brampton, Ontario.Manulife Real Estate has sold a 474,416-square-foot portfolio as the company looks to trim its industrial holdings in the Greater Toronto Area. Berkshire Axis...
View ArticleTrue North REIT Acquires Markham Office Building for $20.3M
True North REIT, an open-ended real estate investment trust that invests in quality commercial properties in Canada, acquired a 61,000-square-foot office building in Markham, Ontario, from KingSett...
View ArticleThis New Tenant is Creating Some Buzz
The Hillcrest Mall in Richmond Hill, Ontario, where Oxford employees spearheaded the honey bee program. Oxford Properties is creating a little buzz around a tenant increasingly taking up occupancy. The...
View ArticleCBRE Global Investors Acquires Stakes in Three Super-Regional Malls
CBRE Global Investors acquired a 49 percent stake in three U.S. malls, including the Ridgedale Center in Minnetonka, Minnesota. CBRE Global Investors went on a shopping spree this week, acquiring...
View ArticleHigh Operating Costs Force DSW to Close Town Shoes in Canada
DSW is closing more than three dozen stores in Canada. DSW Inc. plans to close all 38 of its Town Shoes locations in Canada after the stores reported significant operating losses. The Columbus, Ohio,...
View ArticleColliers Launches New Debt Advisory Team in UK
Colliers has added a team from Asset Leverage Consultants in the UK led by Ben Thomason (left) to expand the firm's debt financing capabilities under John Knowles, head of UK National Capital Markets...
View ArticleShopify Signs 15-Year Deal for The Well
E-commerce company Shopify has preleased 433,752 square feet of office space at The Well development in Toronto. Two of Canada's largest real estate investment trusts say they have locked down...
View ArticleCanadian Investors to Acquire Huge Atlanta-Area Distribution Center
In a sign of continued investor interest in big-box industrial properties in the U.S., a Canadian REIT has partnered with a private investor to acquire 50 percent of a huge distribution center in an...
View ArticleMinnesota Resort Sold Near Biggest Midwest Alpine Ski Area
The 43-acre Lutsen Resort in Lutsen, Minnesota, was sold to Canadian investors. Canadian investors have purchased the historic Northern Minnesota resort once owned by the family of an Olympic skier...
View ArticleWhy Brookfield Embraces Airbnb: It Wants $1 of Every $4 in Rent Tenants Earn
The Olmsted apartments in Nashville, Tennessee, purchased by Newgard Development Group last month and rebranded as an Airbnb rental building. Some landlords across the U.S. and Canada may discourage...
View ArticleLook Out Canada, Here Comes Blackstone
Daniel Drimmer, left, CEO of Starlight Investments, and Olivia John, managing director at Blackstone Group, at the Canadian Apartment Investment Conference. Blackstone Group's $3.8 billion deal for...
View ArticleFor Amazon HQ2 Finalist Cities, The Day After Looms
The Lotus Riverfront at 450 Broad St. in Newark, New Jersey, is one of the sites offered as a possible home for Amazon's HQ2. After Amazon gave his county a painful snub in January, David Iannucci is...
View ArticleWhat? Canadian Real Estate Can Go Down in Value?
From left, Stephen Johnson, moderator Pat Koval and Ed Sonshine discuss the Canadian real estate market during a panel discussion Thursday at the RealREIT conference in Toronto. Can't imagine real...
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