First Capital buys dozen properties, building two projects

First Capital buys dozen properties, building two projects

First Capital Realty Inc. (FCR) will invest about $300 million to purchase interests in a dozen urban properties in major Canadian cities, as well as commencing redevelopments in Toronto and Montreal. Among the sites it has purchased is a redevelopment site at Yonge and Roselawn in a highly coveted downtown Toronto neighbourhood.

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Calgary, Edmonton a tale of two (different) cities: Altus

The Calgary and Edmonton commercial real estate markets experienced great investment levels in 2017, buoyed by a healthy return of Alberta’s economy. But the level of commercial real estate activity was much different in the province’s two major cities, according to two reports by the Altus Group.

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Graywood developments give Toronto Midtown West new look

For a long time, St. Clair Avenue West in Toronto’s Midtown West neighbourhood was an area largely devoid of development. During the past 10 years the area found itself ignored by developers in favour of more desirable — at the time — surrounding neighborhoods like The Junction, Corso Italia and The Stockyards. That began to change when Graywood Developments launched the six-storey SCOOP condominiums at 1771 St. Clair West in 2016.

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3T Equity Partners want to be “value-add guys”

3T Equity Partners has built a diverse multi-family and industrial portfolio since its inception in 2010, thanks in large part to the Toronto firm’s focus on adding value to its acquisitions. “The more deals we do, the better set up we are,” said David Goldstein, who formed GoldRich Living with Jordan Rich before adding Lawrence Moskovic as a third partner and renaming the company 3T Equity Partners in 2014.

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Blackstone enters Canadian multi-family, JVs with Starlight

Blackstone Property Partners might be the world’s largest private equity real estate investor, but its global portfolio has been lacking assets in a key Canadian sector. That deficiency is one factor which led to a partnership with Starlight Investments to purchase six Canadian multi-family buildings in Toronto and Montreal.

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Why we do what we do at ICR

It certainly doesn’t seem like it’s been 3-1/2 years since our current ownership group purchased ICR. A great deal has happened. The growth and success we’ve experienced over that period of time is because of the great people we work with.

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Six months ago: 2017 strong year for Cdn shopping centres

Canadian shopping centre owners have spent billions on expansions and improvements to their top properties in recent years, and they continue to outperform their American counterparts despite ongoing challenges. “The best malls are getting better,” said Craig Patterson, a retail analyst and founder and editor-in-chief of Retail Insider who authored the new “Canadian Shopping Centre Study 2017” for the Retail Council of Canada.

Property Biz Canada

One year ago: Cogir buys DevMcGill, eyes Toronto expansion

Real estate firm Cogir immobilier has purchased Montreal condo developer DevMcGill and hopes to expand into the Toronto area. First off the mark could be a Toronto version of its $200 million-plus Humaniti project in Montreal, Mathieu Duguay, president and CEO of Cogir, told RENX.

Property Biz Canada

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