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Crown, Crestpoint buy Allstate Corporate Centre
Crown, Crestpoint buy Allstate Corporate Centre
Crown Realty Partners and Crestpoint Real Estate Investments Ltd. have assumed joint ownership of the Allstate Corporate Centre in Markham, Ont. “This is the first time Crown and Crestpoint have worked together,” said Crown managing partner Les Miller.
Partners REIT turns back on past
Partners Real Estate Investment Trust (PAR.UN-T) has faced a couple of challenging years with corporate issues and restructuring, but president and chief executive officer Jane Domenico seems confident it’s turned the corner.
Boardwalk remains optimistic about Alberta
Calgary-based Boardwalk REIT continues to build and buy despite Alberta’s current economic woes. “Are we going to sell some of our Alberta stuff? No, we think it is a great market to be in,” said Roberto Geremia, president of the Calgary-based company.
Nobel REIT moving into downtown Montreal
Nobel Real Estate Investment Trust (NEL.UN-X) moved from the red to the black last year and will capitalize on that momentum by moving its headquarters to the downtown Montreal office building of which it’s purchasing half.
New majority owner for Ericsson Corporate Campus
A major Canadian pension fund has entered a joint venture with Groupe Montoni and Claridge Inc. and become the majority stakeholder in Montreal’s new Ericsson Corporate Campus. Montoni and Claridge will retain a 30 per cent stake while the unnamed pension fund, which paid an undisclosed price, will own 70 per cent.
Your neighbourhood: Keeping mom and pop shops happy
Everyone wants to discover that hidden gem in their neighbourhood. Visiting a certain store or restaurant that just has that something special be it comfort food, nostalgia, or price point.
The MPAC deadline: Pay attention now, or pay me later
Commercial landlords in Ontario, don’t forget the return you’re expected to file by March 31, the 2016 Property Income and Expense Return, for MPAC.
The challenges of a sublease
We as agents often take for granted that tenants and landlords understand the terms that relate to leasing and selling commercial real estate. One such common clause is that of subleasing.
One year ago: CBRE predicts busy year for hotel sector
The energy-dependent Western half of the country may be suffering from slumping energy prices and the East is yet to feel the export tailwind from a lower loonie, but that doesn’t faze CBRE Hotels’ dealmakers who have seen first-hand an increase in activity across the country.
Six months ago: Dymon Storage eyes major GTA expansion
Dymon Storage Corporation has set its sights on the sprawling GTA market for expansion, with plans to build approximately 80 facilities in the area stretching west to Hamilton and east to Oshawa. The Ottawa-based company claims it is not just another anonymous player in the storage industry thanks to a high-end offering that has won over residents in the nation’s capital.
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REITs & REOCs – Fourth-quarter 2015 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. Fourth-quarter results are now arriving. |
| Property Biz Canada, March 18, 2016 |
| Boardwalk REIT squeezed by ‘double short’ Property Biz Canada, March 18, 2016 |
| Fronsac REIT posts strong results, prepares new property Property Biz Canada, March 18, 2016 |
| ReDev selling four Edmonton-area retail properties Property Biz Canada, March 18, 2016 |
| New NECB to create more energy-efficient buildings Property Biz Canada, March 18, 2016 |
| Six months ago: A year to forget for most REITs: RBC Property Biz Canada, March 18, 2016 |
| One year ago: Office zoning in Vancouver industrial spurs boom Property Biz Canada, March 18, 2016 |
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