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Cranson Capital’s Toronto condo REIT

8 years ago

BizCranson Capital’s Toronto condo REIT

The Toronto apartment rental market is hot but with little new product, existing building stock expensive and often locked up by long-term investors, it’s a tough play to get into. Cranson Capital believes it has hit on a winning way for investors to benefit from the rental market by buying newly built condos at a discount from condo developers.

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BizRioCan wants to be a big city REIT: Sonshine

Earlier this month, RioCan teamed up with Tricon Capital Group and Diamond Corp. to acquire retail outlets and a block of land in midtown Toronto near the Summerhill subway station for $85 million from Woodcliffe Landmark Properties.

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BizJennifer Nevitt on how to maximize apartment rents

Maximizing yield from apartment buildings is important, and a successful lease-up for new ones is the key to early and ongoing prosperity for owners.
‘We’re an asset appreciation group,” said Forty2 National Apartment Property Management chief executive officer Jennifer Nevitt, a 33-year veteran of the real estate business based in Philadelphia.

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Centurion REIT

 

BizToronto’s Templar Hotel is on the auction block

Bidding opened at one dollar for The Templar Hotel, a luxury boutique property in downtown Toronto, this week. “The previous vendor spent a lot of money and went bankrupt,” said Core Consultants Realty Inc. managing director Shawn Abramovitz, who listed the eight-storey, 27-suite hotel.

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BizFibre optic should be factor in choosing offices

As the Internet becomes a more crucial part of many business activities, the importance of fibre optic connectivity to deliver peak performance should be taken into greater consideration when companies choose office space.

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BizWhat’s behind the commercial condo boom in Vancouver

The prevalence and popularity of owning your own business space has been in the news lately. That’s because growth of commercial condos is trending in Toronto, Vancouver and Calgary.

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Romspen Commercial Lender

 

BizSegmenting boomers: The pyramid of boomerdom

The segmentation model for Boomers summarized in this post was given to me in rough form by my friend Iain Meredith, who spent many years at Altus Group studying consumer behavior and trends in the housing market for various real estate clients.

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One year ago: Slate REIT’s ‘non-trophy’ strategy a winner

The company names have changed over the years but the philosophy behind Slate Office REIT’s (SOT.UN-T) latest acquisition is the same as the one that guided Slate founders Brady and Blair Welch when they handled acquisitions for the Blackstone Group: find undervalued office gems while rivals are focused on trophy assets.

Property Biz Canada

Six months ago: NexusCrowd, Downing Street JV on crowdfunding

Crowdfunding startup NexusCrowd Inc. is celebrating its second successful money raise, gathering up $500,000 over five weeks for a GTA industrial redevelopment. The raise was part of a $5.8-million equity raise for Toronto-based Downing Street Realty Partners.

Property Biz Canada

City of Edmonton Feature Properties
Jasper Avenue in The Quarters Downtown

The City of Edmonton is offering a prominent high density development site comprising 12,391.8 square feet of developable land near Jasper Avenue and 95 Street in The Quarters Downtown. Open for offers until 4pm, June 30, 2016.

Description of the offeringgoogle map)

Edmonton - Jasper Ave

Detailed information is available at: edmonton.ca/propertysales

Phone: 780-496-6000 or 311 (after business hours)
Edmonton: 780-442-5311

City of Edmonton

 

WHALEN Building Assessment Services

 

Property Biz Canada, June 24, 2016
RioCan REIT repositioning its Canadian portfolio
Property Biz Canada, June 24, 2016
Derek Lobo dissects the Canadian apartment market
Property Biz Canada, June 24, 2016
Apple Self Storage: A family affair
Property Biz Canada, June 24, 2016
Canada can learn from U.S. student housing experience
Property Biz Canada, June 24, 2016
Calgary retail vacancy one of lowest in N.A.
Property Biz Canada, June 24, 2016
One year ago: Apartment intensification an uphill battle
Property Biz Canada, June 24, 2016
Six months ago: Top Canadian pension funds major RE players
Property Biz Canada, June 24, 2016

 

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RENX logo RENX is taking a summer break

Every year RENX shuts down for the first week of July so all our staff can have a summer break.  This year because Canada Day is on a Friday we are taking an extra day.  RENX will resume publishing on July 11, 2016. 

Have a wonderful Canada Day!

 

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