CT REIT to build on strong 2017 performance: Silver

CT REIT to build on strong 2017 performance: Silver

CT Real Estate Investment Trust is poised to continue expanding its portfolio after experiencing growth in every significant financial metric during 2017, says president and CEO Ken Silver. Silver told RENX that after adding 1.5 million square feet of mainly retail space last year, the REIT remains interested in adding industrial and distribution assets to its portfolio.

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Adi Development Group moving into Toronto condos

Adi Development Group CEO Tariq Adi had a simple reason for expanding into the Toronto market: “We got tired of being called the Burlington guys, so we decided to make the move into the city . . . ” From its roots in Burlington, located along Lake Ontario between Toronto and Hamilton, the company has grown steadily.
Adi is slowly becoming a major player. We’ve got close to 5,000 units in the pipeline and counting.”

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Peterson, Premise acquire Kelowna, Vernon shopping centres

Vancouver real estate investors Peterson Group and Premise Properties have co-purchased two shopping centres in British Columbia’s Okanagan Valley, underscoring the region’s growing population and relative value compared to Metro Vancouver. The two companies closed the deal on Feb. 19 to buy the properties from RioCan Real Estate Investment Trust for $85 million.

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Stable Canadian market attractive for investors

Canadian real estate will continue to attract solid investment interest, according to representatives from different sectors at the Real Capital conference in Toronto. “As the rest of the world becomes more and more volatile and more and more uncertain, the segments of the real estate market that perform best are those which can present stable and reliable cash flow,” said KingSett Capital CIO Rob Kumer.

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ABCs of leasing: When it isn’t going to work

The lease is signed, you’ve moved in and you’re open for business. Negotiations were tough, but you came to an agreement with the landlord regarding the rate and term. But the universe has thrown you a curveball … you will not be able to complete the obligations of your leasing agreement.

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Six months ago: Are there buyers for Cominar REIT portfolio?

Cominar Real Estate Investment Trust’s intention to sell its entire real estate portfolio outside of its core markets in Montreal, Quebec City and Ottawa/Gatineau raises the question as to what exactly the current investor appetite is for commercial properties.

Property Biz Canada

One year ago: Luciano D’Iorio joins C&W amid Montreal buzz

The Montreal market is growing for the first time that Cushman & Wakefield’s new managing director of Quebec operations can remember. “It’s an exciting time in the city,” says Luciano D’Iorio, a former partner at Terramont Real Estate Services in Montreal.

Property Biz Canada

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