ReDev looking to buy shopping centres: CEO

ReDev looking to buy shopping centres: CEO

Richard Crenian has a retail strategy he believes in so the chief executive officer of ReDev Properties is in the mood to buy. Shopping malls. Several malls, if he can acquire them. “We’ve got a 10-year game plan, and our game plan is specifically this; we want to do more development, mainly in the retail sector,” Crenian told RENX during an interview. “I’m just looking for good deals right now.”

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RMS, Edmonton agency put new spin on ‘social’ housing

What will be easy to see at Edmonton’s Pine Creek Manor is that the apartments are designed for the middle-income renter market, with amenities including air conditioning and granite counter tops. What won’t be apparent is that Pine Creek Manor is actually an audacious experiment, a first-of-its kind 50-50 partnership between builder RMS Group and Edmonton’s Capital Region Housing Corporation,

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Brookfield Property makes $14B bid for mall owner GGP

Brookfield Property Partners L.P. (BPY.UN) announced Monday morning it is bidding to purchase all remaining shares of Chicago-based shopping mall owner GGP for an estimated (US)$14 billion. Brookfield currently owns about 34 per cent of the company, which operates as a publicly-traded trust. The acquisition, if completed, will take GGP private.

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Dream Industrial buys 4 sites, expands U.S. portfolio

Dream Industrial REIT is moving forward with its expansion into the United States, buying a four-property portfolio of industrial properties in three hub cities for US$103.3 million. The properties are located in Memphis, Tenn. (two properties), Orlando, Fla.; and Charlotte, N.C. The acquisitions comprise just over 2.0 million square feet of gross leasable area and are 100 per cent occupied.

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Manhattan’s StuyTown to host massive solar energy project

Blackstone and Ivanhoé Cambridge are about to turn the largest rental apartment community in the United States into a major producer of green energy in Manhattan. The two real estate giants announced Wednesday they will build the largest private multi-family residential rooftop solar project in the U.S. at Stuyvesant Town and Peter Cooper Village. The project will be run by StuyTown Property Services (SPS).

Sustainable Biz Canada

Saskatoon still shining brightly

I used to smirk a little every time former mayor Don Atchison found a way to work in the “Saskatoon Shines” message into public speeches. But I’m drinking the Kool-Aid and on-board these days with repeating something he was fond of reminding people: Saskatoon is where it’s at.

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Six months ago: Bear Mountain Resort owner ponders options

The owner of one of British Columbia’s highest-profile residential and sporting resorts has launched a review that could result in the full or partial sale of Bear Mountain Resort, near Victoria. Last week, Bear Mountain Resort Community owner Ecoasis enlisted the commercial brokerage firm JLL to do a strategic review of the assets.

Property Biz Canada

One year ago: Two big deals for Pure Industrial REIT

It has been a busy second half of 2016 for Pure Industrial Real Estate Trust, which recently announced nearly $300-million worth of acquisitions. The two deals “reflect our continued focus on building an industry-leading portfolio of modern distribution properties in key industrial markets in Canada and the U.S.” said Kevan Gorrie, PIRET’s president and chief executive.

Property Biz Canada

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