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M+H Properties buys plazas; strives to become REIT
M+H Properties buys plazas; strives to become REIT
M+H Properties Group has acquired two Ontario shopping plazas from Crombie REIT in what it considers to be a year where it will take a big leap forward. “We’re starting to take a look at more portfolios,” said Brad McDonald, a managing partner in the commercial real estate investment company along with Don Hughes and Jean Deschenes.
Taggart Ottawa’s largest development landowner
Ottawa’s Taggart Group of Companies has a one-word underlying strategy to its development and construction business: Land. Taggart has spent 70 years seeking out and buying what is now the largest portfolio of commercial development land in Ottawa and Eastern Ontario. When the time is right, the multi-faceted, family-owned business also has the resources to see its investment through.
Industrial Alliance selling two multi-residential buildings
Industrial Alliance, an insurance and financial services company, is selling two long-owned multi-residential properties in very desirable neighbourhoods in Toronto and Calgary. Tony Manganiello, sales representative, Capital Markets, Cushman & Wakefield, says Industrial Alliance has owned the rental buildings since at least the early 1990s.
Vancouver suburban office feeling the pinch
Metro Vancouver’s regional office vacancy has fallen to a four-year low with increased demand taking hold in suburban markets led by Burnaby, Richmond and Surrey, Avison Young’s year-end regional office market report shows. Office vacancy for the region fell to eight per cent at the end of 2017, down from 9.7 per cent at the end of 2016.
The impact on real estate of a Johnny Cab world
What will a future with autonomous vehicles on the road really look like? I think they nailed it quite well way back in the ‘80s in one of Schwarzenegger’s sci-fi flicks, Total Recall. Most urban dwellers take some form of mass transit.
Six months ago: QMLP buys residential portfolios in Hamilton, London
Q Management LP (QMLP) has entered into agreements to acquire 2,019 suites at 24 properties in Hamilton and London, Ont., giving it the critical mass it desires in both cities. “Our strategy is to buy very well-located assets in markets that are growing and strengthening, and to enhance the assets by spending targeted capital expenditures,” said QMLP president and chief executive officer Dan Argiros.
One year ago: Cadillac Fairview-OPB office tower coming to Toronto
Toronto’s rapidly evolving south core will start changing even more come July 1 when construction begins on Cadillac Fairview and Ontario Pension Board’s 32-storey office tower at 16 York St. Cadillac Fairview, which will have a 70 per cent stake in the $479-million building, is so confident that it made the announcement to move forward without first securing an anchor tenant, a first for the company.
| Property Biz Canada, Tuesday, March 8, 2018 |
| CT REIT to build on strong 2017 performance: Silver Property Biz Canada, March 8, 2018 |
| Adi Development Group moving into Toronto condos Property Biz Canada, March 8, 2018 |
| Peterson, Premise acquire Kelowna, Vernon shopping centres Property Biz Canada, March 8, 2018 |
| Stable Canadian market attractive for investors Property Biz Canada, March 8, 2018 |
| ABCs of leasing: When it isn’t going to work The Saskatchewan Edge, March 8, 2018 |
| Six months ago: Are there buyers for the Cominar REIT portfolio? Property Biz Canada, March 8, 2018 |
| One year ago: Luciano D’Iorio joins C&W amid Montreal buzz Property Biz Canada, March 8, 2018 |
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