CT REIT caps off busiest acquisition year

CT REIT caps off busiest acquisition year

Despite president and CEO Ken Silver’s contention “that being a boring REIT is not a bad thing,” CT REIT has come off an uncharacteristically exciting year, racking up a total of 16 acquisitions, three developments and 10 intensifications in ongoing developments for a total cost of $598 million.

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Food market central to Upper Canada Mall reno

Oxford Properties Group continues to enhance its food and beverage offerings at its shopping centres, with Upper Canada Mall in Newmarket, Ont. being the latest. Upper Canada Mall is at 17600 Yonge St. in the town of 85,000 people north of Toronto in York Region.

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SmartREIT teams up with SmartStop on self-storage

Smart Real Estate Investment Trust has entered a 50/50 joint venture partnership with SmartStop Asset Management, LLC to build and co-own rental self-storage facilities in Canada. SmartREIT had been looking at various uses for vacant land associated with its properties and, after meeting with a number of parties, decided SmartStop and its self-storage centres were the best strategic fit.

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Quebec regulations stifling apartment renovation: Group

Due to current regulations, it takes 41.7 years to recover renovation costs compared to seven or eight years in the 1980s, says a group that represents Quebec’s 25,000 landlords.

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Toronto’s iconic 205 Yonge St. property up for bids

The neo-classical former Bank of Toronto property, which has sat empty for more than a decade in its namesake city at 205 Yonge St., is on the auction block.

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Time for an Ontario ombudsman for residential property assessments?

I’ve talked many times about the need for property owners, both residential and commercial, to be protected from excessive assessments. Paying more than your fair share in property taxes is just wrong. If you’re paying too much, you’re actually subsidizing your neighbours.

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Ode to the mall

I have been a fan of the shopping mall experience for as long as I can remember. Maybe it’s my upbringing as a country girl, but I’ve always found interior malls to be an exciting place to visit.

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One year ago: Waterloo next step in Regus expansion

Global workspace provider Regus’ explosive Canadian growth continued this week with the opening of what it believes is a groundbreaking technology-driven centre in Waterloo, Ont. “We look at Waterloo as both a great short-term and long-term investment,” said Regus Canada vice-president Wayne Berger.

Property Biz Canada

Six months ago: Are REITs getting into riskier development?

As REITs have shifted focus over recent years from primarily acquirers of real estate to developers and cap rates have supported the transition, those same REITs are now adding more and more development risk. How they are coping with this shift was the focus of a panel at last week’s RealREIT conference in Toronto.

Property Biz Canada

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