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12/05/2017
RioCan REIT Sticking With Multifamily
The chief executive of Canada's largest real estate investment trust, now in the midst of a major makeover that will see it jump into multifamily investments, says stricter rental rules in the REIT's home base of Ontario will not discourage the plan....

12/01/2017
Blackstone Head Says Canada Too Pricey
He runs the world's largest property portfolio with US$111 billion under management, and would like to buy more in Canada, but Jonathan Gray, global head of real estate for Blackstone, says it is just a little difficult to find anything to buy. "I...

11/29/2017
"Build it Yourself" Says Panelists at Global Property Market Conference in Toronto
Capital keeps looking for real estate but increasingly for institutions, the way to dig up deals is to build something yourself, according to panelists at the Global Property Market conference in Toronto. "At a macro level there is just a lot of capital...

11/28/2017
RioCan to Sell Seven Canadian Tire-Anchored Properties in $200 Million Deal
Canada's largest real estate investment trust has pulled the trigger on a $200 million deal, the first move in a plan to sell $2 billion in assets that will refocus RioCan REIT on six core markets. Toronto-based RioCan will sell seven retail properties...

11/24/2017
Main and Main Portfolio Locked Up
CoStar News can report that Trinity Development Group Inc. has teamed up with Timbercreek Asset Management Inc. for the winning bid on the Main and Main portfolio. The much sought after portfolio, expected to be sold in the range of $400 million to...

11/23/2017
Royal Classic Kitchens Purchases Richmond Hill Industrial Building
Royal Classic Kitchens, a kitchen and bath design company, acquired an industrial building at 1245 Reid St. in Richmond Hill, ON from Berkshire Axis Development, a Toronto-based real estate company, for $6.8 million, or approximately $188 per square foot...

11/23/2017
Roopa Knitting Mills Pays $7M for Mississauga Industrial Facility
Roopa Knitting Mills, a knit fabric manufacturer, acquired the 48,453 square-foot industrial building in Mississauga, ON from CanFirst Capital Management for $7 million, or about $144 per square foot. The Mississauga industrial facility located at...

11/23/2017
Skyline Group Pays $9.4M for The Beer Store Distribution Centre
Skyline Group of Cos., a full-service real estate investment management organization, purchased The Beer Store Distribution Centre from a private investor for $9.36 million, or about $112 per square foot. The 83,510-square-foot building is located...

11/22/2017
Boardwalk REIT CEO Gets Face-to-Face with Issy Sharp
What do you get your dad for his birthday when he is the chief executive of one of Canada's largest publicly-traded apartment landlords? How about a one-on-one meeting with Isadore Sharp, the founder of Four Seasons Hotels and Resorts, a brand synonymous...

11/22/2017
New "Summit II" to Continue Expansion Efforts with Latest Acquisition
Summit Industrial Income REIT, the Brampton, Ontario-based real estate investment trust that has come to be known as "'Summit II", continues to bulk up. The latest move by the REIT, which was effectively launched in 2013 by the management team of the...

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