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Category: Commercial

Allied to raise $500M, takes $1B hit on property values, Emory to depart

Don Wilcox Commercial Allied Properties National 2 hours ago

Allied Properties REIT (AP-UN-T) has announced a plan to raise $500 million in equity as it works to improve its balance sheet in the face of a billion-dollar writedown on its property values in Q4 and an accompanying billion-dollar net loss.

Ontario First Nation group buys Edmonton's Connect Centre

Mario Toneguzzi Commercial Apartments Edmonton 1 day ago

An Ontario-based First Nations group which has purchased Edmonton’s Connect Centre - one of the city’s most prominent downtown mixed-use properties - has plans to move quickly on a major residential expansion at the site.

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