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RioCan REIT’s big city bet still paying off
RioCan REIT’s big city bet still paying off
Edward Sonshine still remembers the moment that changed the fate of Canada’s largest REIT. It was more than a decade ago that the RioCan chief executive was reading a Statistics Canada report.
Edmonton’s Scotia Place redeveloped by Morguard
Edmonton’s Scotia Place will undergo a $22-million, 18-month renovation starting in October that will include the installation of 13,000 glass panels and the redevelopment of its three main entrances.
Airbnb must play by rules when it comes to rentals
While Airbnb and other short-term rental accommodation agencies aren’t popular with most building owners and others impacted by them, enforced regulations may allow the two sides to co-exist somewhat peacefully.
Landlord licensing coming to Toronto
Toronto is moving closer to joining other North American cities by licensing landlords in an effort to eliminate slumlords that don’t properly maintain their buildings. The City of Toronto is looking at introducing a $12 to $15 annual licensing fee per unit for landlords of buildings with three or more floors and 10 or more units.
Bassi grows with a multi-disciplinary approach
Bassi Construction started doing masonry in Ottawa more than 50 years ago and has since grown to encompass a number of divisions while accumulating a client list that includes some of Canada’s top real estate companies.
Vancouver’s industrial market remains red hot
The longtime shortage of industrial land and buildings in Vancouver is becoming increasingly acute, leading to a surge in prices that have reached new heights — especially in the eastern part of the city.
A close look at that assessment notice could be worth tens of $1,000s to your bottom line
If you operate a business in Ontario you pay property taxes. Mark Oct. 18 on your calendar.
What is old can be new again
How brave are you? Are you willing to take risks? Buying an old building to restore or spiff up can be a bold move but the reward can be so satisfying.
Six months ago: Why did Genesis CEO, CFO leave the company?
A rift between management and the board in terms of outlook and strategic plans were the reasons behind the surprise departure last month of the top two executives at Genesis Land Development Corp. (GDC-T) The Calgary–based land developer and residential homebuilder announced in mid-February president and chief executive Bruce Rudichuk and executive vice-president/chief financial officer Mark Scott had left the company. No reasons were provided in a terse press release.
One year ago: AHIP REIT buys branded and railway hotels
Vancouver-based American Hotel Income Properties REIT LP (AHIP) continued to expand its holdings last month, completing the purchase of three properties and agreeing to acquire five others. “We’re in growth mode,” said Azim Lalani, chief financial officer of the REIT (HOT.UN-T) that closed its initial public offering (IPO) in February 2013.
| Best of Biz from the summer |
| Brexit is a buying opportunity: Russo, Timbercreek Property Biz Canada, July 14, 2016 |
| Plaza and RioCan form JV to develop malls Property Biz Canada, July 14, 2016 |
| AIMCo cements WPT Industrial REIT relationship with deal Property Biz Canada, July 21, 2016 |
| Omni King Edward Hotel’s Crystal Ballroom makeover Property Biz Canada, July 21, 2016 |
| Starlight poised for ‘aggressive, visible’ growth Property Biz Canada, July 28, 2016 |
| Slate has monopoly at Toronto’s Yonge and St. Clair Property Biz Canada, August 4, 2016 |
| Change at the top for LaSalle Canada Property Biz Canada, August 4, 2016 |
| CF Rideau Centre redevelopment now complete Property Biz Canada, August 4, 2016 |
| Crestpoint on buying spree in 2016 Property Biz Canada, August 18, 2016 |
| First Capital secures key Toronto retail locations Property Biz Canada, August 18, 2016 |
| For Alberta’s craft breweries location matters Property Biz Canada, September 1, 2016 |
| Property management services for small investors Property Biz Canada, September 1, 2016 |
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REITs & REOCs – Second-quarter 2016 report |
| RENX has prepared a table with a convenient list of the companies and a summary of links to their second-quarter 2016 results. Have we missed any? |
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