Buying, selling continues for Dalfen North America

Buying, selling continues for Dalfen North America

If you call Sean Dalfen asking about some deals that his company recently announced, there is a good chance that he has just signed off on another that he hasn’t gotten around to announcing yet. That’s exactly what happened this week with a call to Dallas-based Dalfen America Corp. about a slate of divestitures announced this month.

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Monit has full ownership of Montreal’s Scotia Tower

Monit Investment is now the sole owner of downtown Montreal’s Scotia Tower after paying $79 million to acquire Scotiabank’s 50-per cent share of the property’s land and 27-storey tower.

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Barrie CRE benefitting from GTA’s expansion

Just an hour’s drive north of Toronto (or 45 minutes from Toronto’s Pearson Airport on a good traffic day), the City of Barrie commercial real estate is benefitting from the good times for CRE in the greater Toronto area. CBRE Canada knows the Barrie market well and currently has mandates for the city’s largest industrial facility and its biggest office development.

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The repositioning of commercial property in Ottawa

The Ottawa commercial real estate market can no longer count on the ‘rising tide’ created by declining cap rates that has prevailed for the past 10 years to boost the value of its properties. “It is time for specific work on buildings” was the take away provided by Sandy McNair, chief curator of the Altus Group to the Ottawa Real Estate Forum last week.

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TOBY winner profile: Intact Place

The twin tower Intact Place was built in downtown Calgary 36 years ago and is still performing so well that it earned The Outstanding Building of the Year (TOBY) Award for buildings ranging from 250,000 to 499,999 square feet from Building Owners and Managers Association (BOMA) of Canada.

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CoStar growing fast, now in Canada

CoStar Group is on a roll. The Washington, D.C.-based commercial real estate technology company was included on Fortune magazine’s “100 Fastest Growing Companies” list earlier this month and, this week, it announced it was hiring 730 researchers and software developers in Richmond, Va.

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Partnership for Vancouver mixed-use rental property

A partnership between the non-profit Odd Fellows Low Rental Housing Society, Terra Special Projects, GBL Architects, the City of Vancouver and Hungerford Properties will result in a mixed-use new development with 44 seniors housing suites, 117 affordable rental apartments and ground floor commercial units.

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One year ago: Canada’s first crowdfunded real estate deal closes

Crowdfunding to raise equity for real estate development is well underway in the U.S. Not so much in Canada until this week. NexusCrowd Inc. announced Wednesday it has closed the country’s first online investment offering for commercial real estate.

Property Biz Canada

Six months ago: A tale of three office markets

One’s stuck in recessionary hell, the biggest “looks like it could be over-built” and the third looks more or less well-balanced. That’s the quick snapshot of the office markets of Calgary, Toronto and Vancouver respectively, that were the focus of a panel discussion at this week’s Land & Development conference held in Toronto.

Property Biz Canada

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