Blackstone buys Hilton for $26 billion

NEW YORK - The Blackstone Group of New York City has bought Hilton Hotels of Beverly Hills, California, for US$20 billion, which does not include the assumption of about $6 billion in debt. The deal pays US$47.50 per share, a 40 per cent…

Brookfield acquires 52 U.S. properties

TORONTO - Opportunistic Real Estate Investments Group of Toronto-based Brookfield Asset Management has acquired a 3.6 million square foot portfolio of commercial properties in the U.S. from affiliates of JPMorgan Chase of New York. The $300…

TEDCO and Monarch are ever green

TORONTO - The Toronto Economic Development Corporation (TEDCO) and Toronto-based Monarch Corporation will be developing the largest low-rise green residential community in Canada. The $100-million joint project, called Evergreen, will offer…

New industrial park for Saskatoon

SASKATOON - Saskatoon-based BizHub Developments is building the largest industrial park in Saskatchewan's history. Called BizHub Industrial Park, the site will offer paved roads for industrial use, professional landscaping, as well as…

Plan Ahead for a Smooth Ride

Demand for new and existing commercial office space is on the rise. A healthy economy continues to drive demand and as a result real estate markets are experiencing an increase in rental rates and a decrease in vacancies. Tenants are in the…

HOK/ZAS to design Honda’s headquarters

MARKHAM, Ontario - The Canadian office of HOK Architects and Toronto-based architectural firm ZAS have partnered to design Honda Canada's new head office campus in Markham. The HOK/ZAS team will be headed by principals Gordon Stratford and…

CN sells headquarters, buys a U.S. railway

MONTREAL - Homburg Invest of Halifax, Nova Scotia is acquiring the Central Station Complex (CSC) in Montreal from Montreal-based rail conglomerate Canadian National (CN) for $355 million. The transaction, which will include a government…

$350 million development reshaping Markham

MARKHAM, Ontario - Bayview Development Summit of Thornhill, Ontario has announced a $350-million redevelopment of the Thornhill shopping centre near Markham. The 18- acre redevelopment, called Markhamgate Summit, will be a mixed-use retail,…
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