Grosvenor’s Structured Development Finance business has closed on a $39.6 million financing commitment for Vancouver-based Intracorp’s multi-building Gardena residential development project in Coquitlam, B.C.
RioCan REIT (REI-UN-T) president and CEO Jonathan Gitlin says the REIT will delay new construction projects due to economic conditions as it reported a net loss, but strong revenue and development metrics in its Q3 2023 financials.
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