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Real Estate
CPP in bid for Australian real estate fund
The CPP Investment Board (CPPIB), together with global investors All Pensions Group (APG) and China Investment Corporation, have made a cash offer to acquire ING Industrial Fund. "This transaction is an opportunity for CPPIB to invest…
Cominar REIT further expands its Montreal portfolio
Cominar Real Estate Investment Trust (REIT) has completed the acquisition of a Montreal office building covering a leasable area of 136,000 square feet. The transaction amounts to $12.2 million and the capitalization rate related to…
Stronach set to give up control of real estate firm
Billionaire Frank Stronach is set to give up control of his real estate company, MI Developments, in a new deal with shareholders, according to two sources familiar with the matter. Stronach, who holds a controlling voting stake in the…
Whiterock REIT purchases $112 million of office and industrial properties in the GTA and Montral
Whiterock Real Estate Investment Trust has acquired an interest in $112 million of multi-tenant office and single-tenant industrial buildings, consisting of a combined 960,000 square feet located in the Greater Toronto Area and…
TransGlobe Apartment REIT acquires a portfolio of 20 residential properties
TransGlobe Apartment Real Estate Investment Trust (REIT) announced that it has entered into agreements to indirectly acquire a portfolio of 20 residential properties comprising 48 buildings and one townhouse complex that contain…
Counsel Corporation to sell Ontario real estate portfolio to Retrocom REIT
Counsel Corporation has announced that it has agreed to sell a real estate portfolio owned and/or managed by Counsel to Retrocom Mid-Market Real Estate Investment Trust. The portfolio consists of seven commercial retail properties totaling…
Dundee REIT to acquire Realex
Dundee REIT and Realex Properties Corp. have entered into an agreement for Dundee REIT to acquire all of the outstanding common shares of Realex Properties Corp. for cash consideration of $154.4 million. Holders of Realex common shares will…
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…