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Dream Office selling Montreal’s 700 de la Gauchetière

6 years ago

BizDream Office selling Montreal’s 700 de la Gauchetière

Dream Office REIT has put 700 de la Gauchetière, a 28-storey office building in downtown Montreal, on the market in a sale which should fetch the trust more than $300 million, Colliers International predicts. Built in 1983, the class-A building off Victoria Square in the Quartier International has a gross leasable area of 935,209 square feet.

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BizMinto buys Ottawa’s Manor Village in receivership sale

Minto Capital Management has purchased and will immediately begin upgrading a 111-unit townhouse complex in Ottawa West that had been the subject of headlines in local media during the past year. Minto announced this week it is the new owner of Manor Village, which had been listed by JLL in a receivership process.

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BizAlignvest Student Housing REIT makes first purchase

Alignvest Student Housing REIT has made its first acquisition as it sets out to consolidate what its managing partner calls a highly fragmented Canadian purpose-built student accommodation real estate sector. Alignvest managing partner Sanjil Shah said most purpose-built student accommodations in Canada are owned by local developers and investors.

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NAI Commercial

 

BizLennard Commercial Realty celebrates growth, award

These are exciting times for Lennard Commercial Realty. The Toronto-based firm has doubled its staff during the past five years, relocated to a larger head office to accommodate its growth, and was honoured by NAIOP for a creative lease solution for one of its clients in 2017. “We’re now doing 500 projects a year,” partner and broker Jim Russell said.

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BizThere is no fear in Ford Nation

The two or three people out there who didn’t think Doug Ford’s Ontario would be markedly different than that of Kathleen Wynne certainly had their eyes opened during last week’s brief Throne Speech. Lower electricity bills. Lower personal and business taxes. Lower gas prices. Investments in healthcare. Transparent and accountable bookkeeping…

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Timbercreek

 

Six months ago: Granite REIT sells 10 Cdn, U.S. properties

Granite REIT has taken a major step toward reducing its exposure to Magna International, its primary tenant, with the $400M sale of 10 properties in Canada and the U.S. “The sale of these properties is another major value creation milestone for Granite. It significantly reduces Granite’s exposure to Magna and the special purpose properties which are key strategic objectives of Granite,” Michael Forsayeth, Granite’s CEO, said in a news release.

Property Biz Canada

One year ago: IKEA to open Richmond distribution centre

Swedish furniture retail giant IKEA is creating a new distribution centre in Richmond, B.C. IKEA said the 330,540-square-foot customer distribution centre just south of Vancouver will be its third in Canada, adding to distribution centres in the Toronto and Montreal areas.

Property Biz Canada

Montreal Leasing

 

Property Biz Canada, Thursday, July 12, 2018
Toronto’s latest spec office: Carttera’s 65 King East
Property Biz Canada, July 12, 2018
True North eyes seven office buildings, issues $50M in shares
Property Biz Canada, July 12, 2018
Artis REIT sells four more Western Canada office buildings
Property Biz Canada, July 12, 2018
Vancouver office occupancy costs rise fastest in N. America
Property Biz Canada, July 12, 2018
Honest Buildings raises new funds for CRE project software
Property Biz Canada, July 12, 2018
A primer on REITs, MICs, funds and SPV investing
Property Biz Canada, July 12, 2018
First Capital buys dozen properties, builds two redevelopments
Property Biz Canada, July 10, 2018
Six months ago: PIRET to be acquired by Blackstone in $3.8B deal
Property Biz Canada, July 12, 2018
One year ago: Chard Development rides Victoria’s economic wave
Property Biz Canada, July 12, 2018

 

R2 Billboard March

 

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