Stober Group is the latest developer flouting conventional wisdom by betting the housing market isn’t too depressed to sell and complete projects. The 14-storey second tower at its Kelowna project, Movala, is 60 per cent sold.
Melcor Developments (MRD-T) has proposed a plan to acquire all the equity interest in Melcor REIT LP (MR.UN-T) which the company does not already own (approximately 45 per cent of the units) for $4.95 per share in cash.
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