Recent Articles
Aspen’s Scott Hutcheson: Developer, athlete, Olympic bid leader
Aspen’s Scott Hutcheson: Developer, athlete, Olympic bid leader
The roots and passion for real estate began at a young age for Scott Hutcheson and his brother Blake. It was only natural the two high-profile Canadian real estate executives would follow careers in the industry. “My family were entrepreneurs. My great, great grandfather, great grandfather, grandfather were all in the lumber business,” said Scott.
U Store It Canada a pioneer in self-storage industry
A 140,000-square-foot five-storey building is rising right beside the busy central corridor through St. Albert, a well-to-do suburban community north of Edmonton. Nestled among the big-box Costcos and other retail chains on St. Albert Trail, in close proximity to high income residential neighbourhoods, U Store It Canada Ltd.’s highly visible building represents the new image of the self-storage industry.
R2, Gillam partner on first crowd-funded deal in Ontario
Private equity firm R2 and Gillam Group have partnered on a north Toronto infill development R2 believes will be the first crowd-funded real estate deal in Ontario. The corner site on Avenue Road “will be redeveloped from an existing two-storey building into a five-storey mixed-use property with condos on four floors and ground floor retail,” said R2 CEO Amar Nijjar.
Reserve, Westdale bet on LRT to sell Line 5 Condos
Reserve Properties and Westdale Properties are banking on the Eglinton Crosstown LRT bringing more activity to Toronto’s Yonge and Eglinton area, and plan to add to it with Line 5 Condos. “Westdale and Reserve have been looking to collaborate, and Yonge and Eglinton was an area both firms agreed is bursting with energy,” said Reserve CEO Shane Fenton.
New Horizons idea failed miserably . . . or did it?
Have you ever stumbled onto one of those websites that features abandoned spaces? My favourites are old malls. Once a bustling retail centre and now so neglected. But what if you were looking at a vacant mall that was brand new?
Six months ago: Hines, Oaktree acquire Calgary’s First Tower
Hines and Oaktree Capital Management have closed the purchase of Calgary’s First Tower office building, and plan a “significant capital upgrade program” to reposition the half-vacant class-B property. The two U.S.-based firms announced the acquisition Wednesday — Oaktree on behalf of a “subsidiary of real estate funds” it manages. No financial terms were released.
One year ago: Strathallen hits ‘critical mass’ with OneREIT acquisitions: Spence
The acquisition of 44 former OneREIT properties by Strathallen Capital Corp. has moved the company into the big league among Canadian property owners and managers. Strathallen completed its $702.9-million acquisition from OneREIT last week. Brian Spence, chairman of the Toronto-based real estate management company, told RENX he believes the transaction will open the door to further growth.
Property Biz Canada, Tuesday, October 2, 2018 |
Oxford unveils plan for NYC’s St. John’s Terminal Property Biz Canada, Oct. 2, 2018 |
Calgary sees 1.3M sq. ft. of Q3 industrial absorption: C&W Property Biz Canada, Oct. 2, 2018 |
Trudel Alliance: 20 years of growth in Quebec Property Biz Canada, Oct. 2, 2018 |
Record year for acquisitions for Killam Apartment REIT Property Biz Canada, Oct. 2, 2018 |
Amazon to occupy 450,000-sq.-ft. facility at Delta iPort Property Biz Canada, Oct. 2, 2018 |
Great Gulf, OakWood earn top 2018 OHBA Award honours The Saskatchewan Edge, Oct. 2, 2018 |
Six months ago: Starlight finds success with ‘near-urban’ strategy Property Biz Canada, March 4, 2018 |
One year ago: RioCan to sell $2B in property, focus on major markets Property Biz Canada, October 3, 2017 |
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