Firm Capital eyes Delavaco as springboard to U.S.

Firm Capital eyes Delavaco as springboard to U.S.

Real estate and financial services private equity company Firm Capital is setting its sights southward as part of its “workout” of Delavaco Residential Properties Corp., a U.S.-based, Toronto-listed, property developer.

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Kim Saunders first Canadian BOMA Fellow

Newfoundland and Labrador’s Kim Saunders is the first non-American to be named a BOMA Fellow by Building Owners and Managers Association (BOMA) International. Saunders was honoured for displaying exemplary and sustained contributions to the commercial real estate industry, her profession, her community and BOMA at all levels, and for having continually answered the call to leadership and service throughout her career.

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Ottawa’s Emerald Plaza has a new owner

Ottawa’s mixed-use Emerald Plaza has changed hands for $26.1 million through the assistance of Primecorp Commercial Realty Inc. “The seller is moving towards residential rather than commercial and the buyer is a private company that owns quite a bit of real estate in the city,” said Aaida Oakley, who brokered the transaction between the two private companies with the assistance of Johanna Oakley.

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Condo a growing share of GTA rental stock

The number of condominium apartment rental transactions reported through the Toronto Real Estate Board’s MLS system in the first quarter of this year was 6.5 per cent higher than the same period in 2015.

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Saskatoon approves growth plan to half a million

After much consultation with the public and their own administration, the City of Saskatoon approved its official Growth Plan to Half a Million last week during a regularly scheduled council meeting.

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What Ontario government says about FinTech

More than 440 participants attended the 2016 Canadian Crowdfunding Summit (CCS2016) at MaRS Discovery on March 3. The incredible event brought together a diverse crowd of companies, investors, providers, industry experts and leaders in the crowdfunding, financial technology (FinTech) and alternative finance (AltFi) sectors.

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The nay-sayers are noted

While there are plenty of legitimate and respected sources that point to the current and continuing movement of Boomers to Multi-Family Homes (MFH) in denser, more urban locations, there are others that disagree.

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Six months ago: Morguard ‘stabilizing’ shareholder for Temple: CEO

For the past few months, Morguard Corp. (MRC-T) has been on something of a buying spree, scooping up shares of embattled Temple Hotels Inc. In its latest announcement, the Mississauga, Ont.-based real estate giant said it acquired 18.3 million common shares for $20 million, raising its stake in the company, to a total of 24.4% of Temple’s issued and outstanding common shares.

Property Biz Canada

One year ago: Renewed growth for Nobel REIT

Nobel REIT’s (NEL.UN-X) initial growth didn’t occur as planned but, after acquiring six properties in 2014 and announcing two more so far this year, things are back on track for the Quebec-based real estate investment trust. “Our goal this year is to bring the portfolio close to $200 million in value,” said president and chief executive officer Jean Teasdale.

Property Biz Canada

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	REITs & REOCs – First-quarter 2016 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. First-quarter results are now arriving. Canadian REITs & REOCs – First-quarter 2016 report