Terrace Brae Plaza Trades for $8.5 Million
Graywood Developments Ltd. sold a two-story retail strip centre in Scarborough, Ontario to an individual investor for $8.5 million, or about $242.86 per square foot. Terrace Brae Plaza delivered in...
View ArticleHeffner Development Group Buys Wilmot Strip Center for $5.7 Million
Heffner Development Group, a private Waterloo Region investor, acquired the 20,664-square-foot retail strip center at 338 Waterloo St. in Wilmot, Ontario from a Toronto private investor for $5.65...
View ArticleGranite Taps Crombie REIT CEO as Trustee and Director
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has appointed Donald Clow to its Board of Trustees and Board of Directors. Clow is the president and CEO of Crombie Real Estate...
View ArticleChurchill International Property Corp. Sells Mississauga Flex Building
Churchill International Property Corp., a Vancouver-based full service real estate company, sold the flex building at 1945 Dundas Street East in Mississauga, Ontario to a private investor for $8.35...
View ArticleChannel Zero Sells CHCH Headquarters in Hamilton
Channel Zero, an independent Canadian media company, sold its CHCH News headquarters for $6.95 million, or $139 per square foot. The company that acquired the property, Television City Inc., is a...
View ArticleAuto Canada Acquires Auto Dealership Property For $6.7 Million
Auto Canada, an auto dealership company, purchased the retail property at 935 W. Woodlawn Rd. in Guelph, Ontario from Wilson Woods Ltd. for $6.7 million, or about $140 per square foot. The single-story...
View ArticlePeaceable Street Capital Makes Foray Into Canada
Philadelphia-based private investment firm Peaceable Street Capital (PSC) has expanded its operations into Canada with the opening of a new office in Toronto. Additionally, the recently launched firm...
View ArticleCoStar's People of Note (Dec. 2)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Orange County,...
View ArticleUrbanfund to Acquire 50% Stake in Brampton Industrial Complex
Urbanfund Corp. (TSX VENTURE:UFC) has entered a binding letter of intent to form a 50/50 venture with Takol Real Estate in the ownership, redevelopment and renovation of 11-13 Edvac Dr., a...
View ArticleKing's Pastry Acquires 40,000-SF Flex Building in Mississauga
King's Pastry will set up operations in Mississauga, Ontario after acquiring the flex building at 2455 Meadowvale Blvd. for $5.7 million, or approximately $143 per square foot. King Pastry is a...
View ArticleTornat Group Sells Mixed-Use Yonge Street Property for $6.7 Million
The Tornat Group Inc., a locally-based private investor, sold the mixed-use retail and multifamily building at 10200 Yonge St. in Richmond Hill, ON to a private individual investor for $6.68 million....
View ArticleIdeal Developments Buys 6.91-Acre Site in Markham for Future Office Project
Ideal Developments has acquired a 6.91-acre site in Markham, Ontario, where the company plans to build an 80,000-square-foot office building. A real estate developer headquartered in Markham, Ideal...
View ArticleGM Canada Signs 108,000-SF Expansion at Markham Office Bldg.
The Canadian subsidiary of General Motors (NYSE: GM) has signed a lease to expand its footprint at 101 McNabb St. in Markham, Ontario by 108,385 square feet. GM Canada, which agreed to a...
View ArticleReserve Properties Acquires Toronto Apt. Complex for $9.8 Million
Reserve Properties, a Toronto-based asset management company, acquired the 60-unit apartment complex at 612 Dawes Rd. in Toronto, Ontario from YLC Asset Management Corp. for $9.775 million, or...
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CoStar's People of Note (Dec. 9)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City,...
View ArticleOffice Lease Up (December 12) Facebook Preleases 384,000 SF in Arbor Blocks...
Social media giant Facebook pre-leased the Arbor Blocks project, encompassing 384,000 square feet in two six-story, mid-rise office buildings currently under construction at 300 and 333 8th Ave. N in...
View ArticleCBRE Adds Retail Project Manager Skye Group
CBRE acquired privately held Skye Group, a national retail project management firm led by Brad Sanders who founded the company in Cleveland in 2000. The business will operate as CBRE / Skye. Terms were...
View ArticleNENA Holdings Acquires Mississauga Flex Facility for $ 6.4 Million
NENA Holdings has purchased a 47,500-square-foot flex building at 6226 Danville Rd. in Mississauga, Ontario. The property transferred from GOSS Industries and Acro Gasket Industries to NENA Holdings...
View ArticleSmartREIT, Mitchell Goldhar Disclose Plans for First High-Rise Residential...
Smart Real Estate Investment Trust (TSX:SRU.UN) and Mitchell Goldhar confirmed the venture will begin development and marketing of the first high-rise residential project at SmartCentres Place in...
View ArticleCoStar's People of Note (Dec. 16)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC,...
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