HonkMobile turns ‘black box’ into ‘cash box’ landlords

HonkMobile turns ‘black box’ into ‘cash box’ landlords

Toronto-based entrepreneur Michael Back watched the rise of Uber and had somewhat of an epiphany. Finding an unoccupied, discounted parking spot in major North American cities is no easy task today.

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WPT Industrial finds new life with AIMCO deal

In May, the end looked near for WPT Industrial REIT (WIR-U-T). The board of the Toronto-based trust announced the creation of a special committee “to explore strategic alternatives,” an all-encompassing phrase many observers interpreted as a complete selloff of assets in bits and pieces or in one large transaction.

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Automotive Properties REIT closes three acquisitions

Automotive Properties REIT has closed three acquisitions worth $41.3 million in the last month as part of what president and chief executive officer Milton Lamb calls a “thoughtful approach” to growth. The REIT held its initial public offering (IPO) in July with 26 income-producing commercial properties.

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GTA office market ends year on positive note: AY

There was continued strength in the Greater Toronto Area (GTA) office leasing market in the final quarter of 2015 and, while there are reasons for optimism, there could also be some hiccups in store this year caused by external economic forces.

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Akelius buys four Montreal apartment buildings

Akelius Canada has significantly boosted its portfolio of Montreal apartment buildings with the acquisition of four properties housing 415 units from Cromwell Management. Akelius will also manage the properties, which were purchased for $120.5 million. They were built between 1956 and 1973 and have good access to public transit.

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Hot Vancouver apartment market expected to sizzle

Multi-family rental building sales in Greater Vancouver rose by 47 per cent to 181 transactions and the dollar volume soared by 99 per cent to $1.55 billion last year in comparison to 2014. Things could heat up even more in the coming 11 months.

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Understanding cap rates in the apartment sector

Capitalization rates, or cap rates, are a way of estimating the general rate of return of an apartment building by buyers or sellers. The cap rate for an apartment transaction is calculated by dividing a building’s net operating income or NOI into the total value of the transaction or sale (Value = NOI/Cap Rate).

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Quitting the corporate grind and working from home

Over the past decade, I built a very successful real estate development company, which at one point employed more than 30 people and had two offices in Vancouver. But after 10 years, I started looking for new challenges.

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Six months ago: Deals, marquee listings keep Primecorp humming

Primecorp Commercial Realty Inc. has completed more than $6 billion in investment and leasing transactions since its inception in 1998 and hopes to continue its momentum by closing $400 million in deals by the end of 2015. “We continue to grow our team and our investment reputation is growing right across Canada,” said CEO/founding partner Aik Aliferis.

Property Biz Canada

One year ago: Landmark restoration a generational affair for the Kerrs

Jane Kerr literally grew up in the real estate business as her parents, John and Oreal, started out buying and redeveloping inner city properties in Calgary. For the early years of her adult life it appeared that she, like her two brothers, was not destined for a career in the real estate game. She became a veterinarian and moved to New York to practise her trade.

Property Biz Canada

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