Fiera Properties on buying spree under new structure

Fiera Properties on buying spree under new structure

Fiera Properties Ltd. has been quite active since Fiera Capital Corp. acquired the entire firm and Peter Cuthbert was appointed president of the former last November. “We were in a partnership and now we’re not,” Cuthbert said. Fiera Capital spent $32 million to acquire the 45 per cent of Fiera Properties it didn’t already own from minority shareholders.

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Broker extraordinaire Lloyd Cooper dissects Montreal CRE boom

Lloyd Cooper has seen a lot in his 33-year career in commercial real estate in Montreal, but he’s rarely seen the city as hot as it is now. “We’re experiencing a boom,” says the vice-chairman, office leasing at Cushman Wakefield in Montreal. “Montreal’s on the radar not only from an investment point of view (but) it’s a cheaper market…”

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New shopping district for Quebec City, but industrial sector tight

Cominar REIT plans to develop a new “human scaled” shopping district around Quebec City’s new Ikea Canada store. The project, located in the Duplessis neighbourhood, will include about 30 retailers in 13 or 14 buildings that could total 500,000 square feet on a site of around five million square feet.

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Winnipeg’s downtown Richardson Innovation Centre unique

A downtown Winnipeg development by agricultural giant Richardson International Ltd., will transform two unsightly parking lots into what is hoped will serve as a beacon for innovation in the city. Last month, Richardson unveiled plans for its 62,000-square-foot, four-storey Richardson Innovation Centre.

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Harbour Equity raises $67.95 million for JV development fund

SPONSORED CONTENT: Harbour Equity has closed a $67.95 million private placement offering for Harbour Equity JV Development Fund IV and is now actively reviewing investment opportunities for the capital raised. As a capital provider for developers, Harbour Equity uses a variety of joint-venture structures to invest in both ground-up developments and value-add opportunities across real estate asset classes in all major markets throughout Canada.

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Building better communities, one shopping centre at a time

For too long, suburban living has been perceived to be all about the automobile, home-ownership, detached properties and sometimes a white picket fence. Given what has occurred over the past two decades it is a mystery why this image still remains.

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A need for changes to real estate regulations

We found ourselves in the middle of a difficult situation this week. Unfortunately, we have encountered similar problems in past commercial real estate transactions. My business manager received a call from the buyer of a multi-tenant commercial property. We are the listing broker; the buyer is represented by another brokerage firm.

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Six months ago: Reseau Selection launches Montreal mega project

District Union, a $900 million multi-residential megaproject in Terrebonne, near Montreal, has been launched by a subsidiary of retirement home developer Réseau Sélection. The multi-generational project will add 3,500 to 4,000 housing units aimed at people from all walks of life.

Property Biz Canada

One year ago: Vancouver ‘shinier than ever’ on world stage

Land’s pricing and its role in major deals was the topic of discussion among five real estate executives during a panel session at the Land & Development Conference in Toronto. In the Vancouver region, there’s insufficient land or housing to meet demand and residential land transactions reached a record high of $6 billion last year.

Property Biz Canada

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