Major lenders becoming more cautious: RealCapital

Major lenders becoming more cautious: RealCapital

Major lenders to the real estate industry are getting pickier about the deals they back, some are stress testing their loan portfolios and capital is becoming “a little more scarce.” That was the general consensus among executives representing five big lenders at the RealCapital conference in Toronto this week.

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Montreal’s largest brick and beam Le Nordelec for sale

Montreal’s Le Nordelec, one of the largest brick and beam office buildings in North America, is for sale. Le Nordelec includes about 790,000 square feet of office and retail space spread out over eight storeys that’s being sold based in a bidding process to take advantage of market conditions.

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PacificLink Industrial Park welcomes its largest tenant

Wesgroup Properties’ PacificLink Industrial Park has landed its largest tenant, as Texcan has moved its main distribution centre and consolidated the administrative functions of other sister companies into the Surrey, B.C. space.

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Resort Owners Group, Uber for vacation homes

Every year, vacation homeowners’ second-biggest asset is sitting empty for 44 weeks, or nearly 85 per cent of the time, based on average industry figures. Toronto-based resort industry veteran Gary Carter wants to change all that with Resort Owners Group.

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Skyrocketing office vacancy, maturing loan bad combination

The effects of declining oil prices have been felt in a variety of unpleasant ways, particularly in Western Canada. One of the more pronounced repercussions is the office vacancy rates in Calgary and Saskatoon, the largest cities in their respective provinces.

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Are we at risk of becoming tenants in Canada?

Canada is on sale. How could it not be, given the slump in the value of the loonie? But what happens if the buyers lining up at the door want to clean out the store, then buy it, too?

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Six months ago: Dalfen grows massive U.S. industrial portfolio

Perhaps it’s because the parent company is headquartered in Montreal, or the fact its deal-making is spread across a dozen different states and it is focused on industrial properties. Or maybe it’s because the U.S. head office is in Dallas. Whatever the reasons, Dalfen America Corp. (DAC) has not received the attention it deserves in the real estate community.

Property Biz Canada

One year ago: Fortis Properties’ portfolio on the block

Fortis Properties Corporation has put its portfolio of 37 hotels, malls and office buildings up for sale as its parent company focuses on its core business in the electric and gas utility sector. “Fortis Inc. (FTS-T) announced in September 2014 that it was engaging in a review of strategic options for the hotel and commercial real estate assets of Fortis Properties,” said Fortis Properties president/CEO Nora Duke.

Property Biz Canada

	REITs & REOCs – Fourth-quarter 2015 report
	RENX has prepared a table with a convenient list of the companies and a summary of links to their reports that will be updated quarterly. Fourth-quarter results are now arriving. Canadian REITs & REOCs – Fourth-quarter 2015 report

 

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