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British Columbia

Stober's Movala hits mark in Kelowna's luxury condo market

Neil Sharma Residential Condominiums British Columbia Sep. 24 2024

Stober Group is the latest developer flouting conventional wisdom by betting the housing market isn’t too depressed to sell and complete projects. The 14-storey second tower at its Kelowna project, Movala, is 60 per cent sold.

Melcor Dev. pitches plan to acquire 100% of Melcor REIT

Don Wilcox Commercial REITs British Columbia Sep. 13 2024

Melcor Developments (MRD-T) has proposed a plan to acquire all the equity interest in Melcor REIT LP (MR.UN-T) which the company does not already own (approximately 45 per cent of the units) for $4.95 per share in cash.

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