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Real Estate
Priszm sells 232 restaurant locations for $46.4 million
Priszm Income Fund reported that it has executed an asset purchase agreement to sell its restaurants in Ontario and British Columbia to 7716443 Canada Inc., an entity controlled by a current European franchisee of Yum! Restaurants…
U.S. commercial real estate generating momentum for long-term recovery: Deloitte
Following sharp declines and painful deleveraging in the wake of financial and economic turmoil, commercial real estate (CRE) in the United States is showing signs that the deterioration of industry transactions and fundamentals has started…
NorthWest Healthcare buys downtown Toronto office complex
NorthWest Healthcare Properties REIT has acquired The Dundas-Edward Centre, a 410,000 square foot two-tower office complex and eight-level parking facility located in downtown Toronto, for approximately $103 million (including mortgage…
Newmark Knight Frank Devencore reports on active Toronto office market
In its Real Estate Market Study, Newmark Knight Frank Devencore reported that high tenant demand for the new building inventory in Toronto's Downtown District is bringing renewed vitality to the city's corporate real estate market. In the…
Bentall Kennedy launches new real estate investment management platform
Bentall LP and Kennedy Associates Real Estate Counsel, LP have merged to form Bentall Kennedy to serve the interests of more than 400 clients across 130 million square feet of office, retail, industrial, residential and hotel properties…
Dundee REIT raises $100 million to fund acquisitions
Dundee REIT has entered into an agreement to sell 3,360,000 REIT Units, Series A on a bought deal basis at a price of $29.85 per Unit to a syndicate of investment dealers led by TD Securities Inc. for gross proceeds of $100,296,000. In…
Metrolinx begins vehicle procurement process for air rail link
Metrolinx is moving forward to connect Toronto's Union Station and Pearson International Airport with new highly efficient rail shuttle vehicles. This express rail service will be ready for the upcoming Pan Am Games in 2015. The Air Rail…
Canadian real estate investors see rock bottom but are hopeful about the future, according to…
Canada's largest institutional and private real estate investors think that the market has reached rock bottom and is on the verge of an upswing according to Colliers International's Global Investor Sentiment Survey. Equipped with cautious…
PwC Tower officially topped-off, and ground is broken on flagship Delta Toronto and Bremner Tower
British Columbia Investment Management Corporation (bcIMC) held a ceremony to mark the completion and initiation of significant phases in the development of Southcore Financial Centre (SFC) with the topping-off of the PwC Tower and a…
Bloor Street Transformation Project complete and in time for holiday shopping
The Bloor Street Transformation Project in mid-town Toronto's tony Yorkville neighbourhood has completed its transformation of a stretch of the boulevard from Church Street to Avenue Road, making it Toronto's most ambitious, privately…