LocationsRecent Articles
CEO Domenico creates ‘completely different’ Partners REIT
CEO Domenico creates ‘completely different’ Partners REIT
Partners REIT is “a completely different company” than it was a few years ago and the future looks solid as the trust moves to focus its holdings in Ontario and Quebec, says CEO Jane Domenico. “We internalized management . . . and our balance sheet has been improved as a result of deleveraging our debt,” she told RENX in an interview.
Colliers buys 75 per cent of Harrison Street for $550M US
Colliers International (CIGI) will spend up to $550 US million to acquire 75 per cent of Harrison Street Real Estate Capital LLC. The Chicago-based firm focuses on the education, healthcare and storage sectors and has $14.6 billion in assets under management. “The investment in Harrison Street is transformational and the most significant in our history,” said Jay Hennick, chairman and CEO of Colliers International.
H&R to sell U.S. retail properties, focus on residential
H&R Real Estate Investment Trust (HR.UN) says it will sell 63 U.S. retail properties for $633 million US and use a “significant share” of the proceeds to fund acquisitions for its Lantower Residential division.
The sale includes all of H&R REIT’s retail properties in the United States, with the exception of 16 gas stations and convenience stores. The buyer has not been disclosed.
True North buys Toronto Yonge St., office tower
True North Commercial Real Estate Investment Trust has purchased an 18-storey office tower along the northern portion of Yonge St. in Toronto for $85.15 million, the trust says. 5775 Yonge St., is a class-A, LEED Gold building containing 274,085 square feet of leasable space.
Canadian hotel values set for another large jump: Colliers
While 2018 Canadian hotel transaction volume likely won’t match last year’s $3.5 billion, Colliers International expects it to be in line with the 2011 to 2017 average of $2.3 billion. Nevertheless, hotel values are forecast to rise by 12.8 per cent in 2018, according to Colliers’ “2018 Canadian Hotel Investment Report.”
Plazacorp earns Tarion honour, keeps building condos
Plazacorp has been named Tarion’s high-rise builder of the year, and senior vice-president Scott McLellan said it’s an honour the company really wanted.“It’s really the only one where you’re judged, rated and marked on what your purchasers think. That’s probably the most important award you can have in any industry, but certainly ours.”
Six months ago: Cominar to sell non-core assets to Slate for $1.14B
Cominar Real Estate Investment Trust will sell its entire $1.14B, non-core property portfolio to Slate Asset Management in one of the largest commercial real estate transactions in Canada in 2017. Cominar announced on August 22 its plan to divest all its assets in non-core markets, as part of a debt reduction plan, and to focus on its core markets.
One year ago: Avigilon doubles investment with Van. office sale
Avigilon, a Vancouver-based security systems firm, has reached a deal to sell its downtown office tower for more than double the price it paid less than two years ago. Avigilon sold the nine-storey tower at 555 Robson Street to an undisclosed buyer for approximately $107.5 million.
| Property Biz Canada, Tuesday, May 8, 2018 |
| 65-storey office tower planned for Quebec City Property Biz Canada, May 8, 2018 |
| ICM predicts Calgary rebound, invests in apartment build Property Biz Canada, May 8, 2018 |
| Surrey’s Campbell Heights business park spreads east Property Biz Canada, May 8, 2018 |
| Crombie sells 50 per cent stake in nine retail properties Property Biz Canada, May 8, 2018 |
| Purpose Alliance REIT offers residential investment platform Property Biz Canada, May 8, 2018 |
| Hugh Heron, Mattamy, Great Gulf big winners at BILD awards Property Biz Canada, May 8, 2018 |
| Is Saskatchewan prepared for legalized cannabis? Property Biz Canada, May 8, 2018 |
| Six months ago: Timbercreek buys six Calgary apartment buildings Property Biz Canada, May 8, 2018 |
| One year ago: Reseau Selection building Canada’s tallest senior tower Property Biz Canada, May 8, 2018 |
 |
RENX has surpassed 10,540 Twitter followers |
| Recent follower Arista Homes brings a unique perspective that allows it create the popular homes and communities in the Greater Toronto Area. | |
| Follow RENXca, the most comprehensive news feed on Twitter for Canadian real estate professionals. |
Industry Events
-
Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
-
Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
-
Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
-
Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
-
RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
