The firms they represent own and/or manage about $210 billion in assets. So, when top executives from BentallGreenOak, Blackstone, Crestpoint and Crombie REIT sat down to talk CRE investment strategy, there was plenty of experience and expertise at the table.
Slate Retail REIT (SRT-U-T) has a binding agreement to acquire a portfolio of seven properties in the Southeastern and Mid-Atlantic United States for US$106.5 million. The purchase will be the largest acquisition in the REIT’s history.
VIDEO: Royal LePage CEO Phil Soper talks about the Canadian real estate market in the wake of the coronavirus outbreak and a massive Bank of Canada rate cut, and what it means for the various regions of the country.
UPDATED: Informa Canada has now postponed three major real estate conferences, in Vancouver and Edmonton, due to precautions surrounding COVID-19. The firm announced Wednesday the Edmonton Real Estate Forum will be combined with the Calgary RE Forum on Oct. 21.
Boardwalk REIT’s (BEI-UN-T) unit price has fallen 20 per cent over the past two sessions, following the decline in the price of oil. With Boardwalk’s large position in Alberta, its unit price will likely remain under pressure in the near term.
With the scaffolding gone, the new midnight-blue facade can be seen on the Old Strathcona Hotel, as Beljan Development prepares to reopen the historic Edmonton building. The old pub space is set to reopen as Leopold’s Tavern this summer.
Canadian Tire Corporation, Limited (CTC-T) today announced the appointment of Greg Hicks as president and CEO and to the Board of Directors of the company, effective immediately. Hicks most recently served as president, Canadian Tire Retail (CTR).
The City of Ottawa is ready to loan the Ottawa Film Office up to $40 million to get started on a sound stage complex in the Greenbelt after the film office’s private-sector partner said its money is tied up elsewhere.
An audit of the Nat Bailey Stadium lease obtained through a freedom of information request shows Vancouver auditors complaining over what they called “non-compliance issues” and “deficiencies” in areas including ballpark maintenance and a lack of oversight.
As Kelowna continues to grow and densify, new challenges are arising to establish more parks and greenspace as part of its 2040 Official Community Plan. The city expects a massive increase in urban development over the next two decades.
REIT fourth-quarter financial results
REOC fourth-quarter financial results
Modell’s Sporting Goods filed for bankruptcy Wednesday and will close all of its 153 stores in the U.S. Northeast. Modell’s, a family-owned chain founded in 1889, was known best for selling local teams’ jerseys and equipment for youth leagues.
CHARTS: Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs. To provide additional value, ConstructConnect is now offering an ongoing series of 1,000-word charts.
Edmonton-headquartered Triple Five Group‘s American Dream mega-mall can’t catch a break. After two decades of false starts and setbacks, the grand opening of the New Jersey mall’s hundreds of retail stores, restaurants and DreamWorks water park is set for March 19.
Cineworld Group Plc, the world’s second-largest cinema company, lost almost half its market value at one point on Thursday after it said its worst-case scenario for the coronavirus outbreak could put it at risk of breaching lending covenants.
Yes you can go home again, even after a flood. Ontario’s Flooding Strategy, announced Monday, will encourage people to repair or replace homes destroyed by floods of the scale that Ottawa and Gatineau saw in 2017 and 2019.
Reverse mortgage debt in Canada has topped $4 billion for the first time, according to Office of the Superintendent of Financial Institutions (OSFI) filings. That is a 13 per cent year-over-year increase.
Since the Bank of Canada slashed the benchmark interest rate to 1.25 per cent from 1.75 per cent last week, mortgage brokers have been inundated with requests for new loans, refinancings, preapprovals, renewals and demands to break current mortgages.
Mississauga’s market continued to heat up in February, with the average home price spiking nearly $105,000. The Toronto Regional Real Estate Board’s market statistics revealed the average price of a home in Canada’s sixth-largest city hit $887,218 — up 13.4% in a month.