Lanesborough REIT selling assets to buy time

Lanesborough REIT selling assets to buy time

With a big exposure to the recessionary Alberta market, and the oil sands epicentre of Fort McMurray in particular piling up losses, Lanesborough REIT’s (LRT.UN-T) survival plan is simple: sell properties to keep afloat.

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Regent Park progress exceeding Daniels’ original vision

This summer’s opening of Wendy’s and Subway/Yogen Fruz fast food restaurants will be the latest steps in the dramatic revitalization of Toronto’s Regent Park neighbourhood. “The new Regent Park is blending back into Toronto from where it was before,” said Martin Blake, vice-president of The Daniels Corporation.

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Hotel consolidation seen as key to battling Airbnb

Accommodation-sharing platforms such as Airbnb will likely lead to more hotel consolidation, says Robin McLuskie, Colliers International’s vice-president of hotels. “I definitely think we will . . . . Just to fight back against these Airbnbs,” said McLuskie.

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TO, Vancouver office condos in demand

A growing demand for office condominiums in Toronto and Vancouver is providing opportunities and alternatives for both end-users and investors. “It’s a relatively small percentage, but it’s growing,” Colliers International senior vice-president of capital markets Scott Chandler said of the impact of office condos in the two cities.

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Two Men And A Truck Canadian expansion continues

Two Men And A Truck, the movers who care.” That simple yet catchy jingle is just one of the reasons why Two Men And A Truck has experienced more than 60 consecutive months of growth and completed five million moves.

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Recourse that matters

Mortgages are secured against a property. When additional security beyond that is required, which is very common in Canada, a lender will look for recourse to the borrower or an additional guarantor.

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Irrational exuberance in Gastown

Again and again, people make the same kind of investment error. We saw it in Holland during the 1600s, when rampant market speculation drove the prices for the most sought-after tulip bulbs to six times the average annual salary.

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Saskatoon’s commercial real estate shining star

We’ve already reported the rather dull current status of the Saskatoon office and industrial leasing markets. Where the story gets better, where we have a good balance between supply and demand and where we are still seeing new construction on spec is with retail.

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New BOMA BEST program encourages sustainable workplaces

The Building Owners and Managers Association (BOMA) of Canada has introduced the BOMA BEST Sustainable Workplaces program as its latest environmental initiative.

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One year ago: Cap and trade hot topic for Ontario CRE industry

Ontario’s commercial real estate industry is grappling with the potential impact of the new cap and trade system regulation on its sector. Ontario is poised to join Quebec and California under the Western Climate Initiative, which sets a hard ceiling for green house gas emissions for each sector of the economy.

Property Biz Canada

Six months ago: Business as usual with Killam’s REIT conversion

Shareholder preferences are the driving force behind Killam Properties Inc.’s proposed conversion to a REIT structure, rather than any underlying changes to its strategy, portfolio or operations. The Halifax-based real estate company (KMP-T) was clear in its motivation for the change: boosting “long-term shareholder value . . .”

Property Biz Canada

	REITs & REOCs – First-quarter 2016 report
	RENX has prepared a table with a convenient list of the companies and a summary of links to their reports that will be updated quarterly. First-quarter results are now arriving. Canadian REITs & REOCs – First-quarter 2016 report

 

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