Nexus REIT adds new tenants, will expand Richmond property
WEBMar 31, 2020 · Nexus REIT says it is has signed two new tenants at substantially increased rents, and is now planning a major renovation and expansion at its industrial/commercial property in Richmond, B.C.. The site, at 1771 and 1751 Savage Rd., had been occupied by several tenants in one building utilized as a sports …
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Dream Office cuts distributions by 50% - RENX
WEBFeb 16, 2024 · After initially trying to ride out an “uncertain” office market, Dream Office REIT has followed several of its peers by announcing a 50 per cent distribution cut, to take effect when it enacts a one-for-two share consolidation later this month. The announcement was made in the REIT’s Q4 and year-end 2023 financial report and discussed by chief executive office Michael Cooper on its call ...
L Catterton joins Carbonleo’s $1.7B Montreal Royalmount project
WEBJun 12, 2018 · International private equity investor L Catterton Real Estate is buying into Royalmount, a $1.7-billion mixed-use business and entertainment district by Carbonleo on the Island of Montreal. L Catterton Real Estate (LCRE) is the real estate investment and development arm of L Catterton, the
Huge global players drive Canada’s data centre growth - RENX
WEBApr 26, 2021 · Demand from cloud service providers and large technology companies was responsible for Toronto logging the second-highest data centre leasing activity in North America in 2020, according to CBRE’s latest North American data centre trends report.. The Ontario capital had 38.1 megawatts (MW) of data centre absorption, while Montreal ranked ninth in North America with 11 MW of net absorption.
State Building Group hunts, finds GTA condo development sites
WEBNov 8, 2023 · Southport in Swansea, a two-tower condo development by State Building Group in Toronto. State Building Group has owned, developed and managed a large portfolio of residential and commercial properties over the past 60-plus years.Part of its more recent focus has been on acquiring prime Toronto high-rise condominium development sites.
Boardwalk to acquire Calgary apartment complex, issues $218M
WEBDec 15, 2023 · Level at Seton Circle in Calgary is one of the apartment buildings acquired by Boardwalk REIT. (Courtesy Boardwalk REIT) Boardwalk REIT has announced an agreement to acquire the newly constructed, 295-suite The Circle apartment and rental complex in Calgary, and a $218-million unit offering to be used, in part, to fund the transaction.. The Circle will be acquired for approximately $77.8 ...
What the 1990s real estate crisis can teach us about today's
WEBAug 20, 2024 · GUEST SUBMISSION: Picture a time characterized by aggressive lending practices, substantial value adjustments, a severe liquidity shortage and high borrowing rates, except it’s not the 1990s – it’s 2024. What was considered a historically turbulent time for Canada’s commercial real estate industry has quickly gained traction as a blueprint for what we are seeing today and what we can ...
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H&M to join Amazon at GTA East Industrial Park in Ajax
WEBOct 7, 2021 · Swedish clothing company H&M will be the sole tenant of a 716,646-square-foot industrial building being constructed at the GTA East Industrial Park in Ajax, just east of Toronto. The announcement was made during a groundbreaking ceremony for the project Thursday afternoon. Blackwood Partners, Crestpoint Real Estate Investments Ltd. and its pension fund partner bought the GTA East Industrial ...