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Real Estate
Stability and opportunity to drive Canada’s markets in 2013: Avison Young
Stability and opportunity will drive Canada's commercial real estate markets in 2013, while select U.S. markets and sectors are poised for growth, even while caution persists.Against a global backdrop of financial uncertainty stemming from…
Brookfield kicks off construction of new Manhattan West development
Brookfield Office Properties Inc. has begun construction of the platform for the Manhattan West development site on Ninth Avenue between West 31st and West 33rd Streets and Dyer Avenue, in what is currently an underutilized rail yard.…
Canada Lands Company begins search for senior executive for its Qubec operations
Canada Lands Company (CLC) has begun its search for a Senior Vice-President to head its Québec real estate operations as well as its Old Port of Montréal division.On November 29th this past year, the Government of Canada…
Partners REIT to acquire five new Montral retail properties
Partners REIT has entered into agreements with separate vendors to acquire four newly-constructed, necessity-based, open-air retail centres and one stabilized retail centre in the Greater Montréal region totaling approximately…
Canadian housing cooling continues: CREA
Canadian existing home sales continued to weaken in December, plunging 17.4 per cent year-over-year (y/y), the steepest fall since October 2010. While the headlines will no doubt highlight the annual decline, sales were down a more modest…
ULI awards programs are now accepting applications
Have you designed or developed an exceptional project that you think is deserving of recognition? The Urban Land Institute (ULI) is looking to recognize these projects in its Awards Programs in 2013. These two programs are open to all, not…
Colliers appoints new Senior Managing Director, Capital Markets for Canada
Colliers International in Canada has appointed Adam Kosoy as Senior Managing Director, Capital Markets, Canada. In this capacity, Adam will lead the growth and objectives of Colliers’ Capital Markets and Investment Services Group…
Toronto’s commercial markets take a slide in Q4
Toronto Real Estate Board (TREB) Commercial Division Members reported transactions amounting to almost 3.9 million square feet of leased space through the TorontoMLS system in the fourth quarter of 2012. This result was down by 30 per cent…
Skyline inching up the slopes at Blue Mountain
Skyline International Development Inc., an owner, operator and developer of resorts and destination communities, has entered into a binding agreement of purchase and sale and will be investing $20 million to acquire both retail and…
Primaris Retail REIT Board of Trustees rejects KingSett hostile take-over bid
Primaris Retail REIT's Board of Trustees has reviewed the December 10 hostile take-over bid from a consortium led by KingSett Capital (that includes Ontario Pension Board and RioCan REIT), and in consultation with its financial and legal…