Artis CEO says capital recycling program ‘not done yet’

Artis CEO says capital recycling program ‘not done yet’

Artis Real Estate Investment Trust continued its capital recycling program in 2017, disposing of 23 properties and reducing its exposure in Alberta to maximize unitholder value. “We’ve made meaningful improvements to our portfolio and strategic position, and we’re not done yet,” president and CEO Armin Martens said during a March 2 conference call.

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RioCan Living: REIT’s new brand keeps it ‘ahead of the curve’

RioCan REIT senior vice president Jonathan Gitlin says the new Riocan Living brand creates a distinct unit that will focus on the trust’s plans to redevelop 43 retail properties during the next seven-to-10 years. Gitlin told RENX the goal is to make those properties “more resilient and future proof and ultimately more valuable.”

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RioCan Living launches as REIT’s residential developer

RioCan REIT (REI.UN) has taken the next step in its program to redevelop dozens of its retail properties across Canada, announcing Monday its new residential brand, RioCan Living. RioCan Living will drive the trust’s efforts to turn selected existing retail shopping centres into mixed-use communities. In a release announcing the move, RioCan says this marks its “official, and permanent, entry into the residential market”.

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Crown, Crestpoint acquire entire block with Toronto DEC purchase

UPDATED with interview, quotes, background: Crown Realty Partners and Crestpoint Real Estate Investments have acquired an entire city block with their $167-million purchase of the Toronto Dundas-Edward Centre from NorthWest Healthcare Properties REIT. The new owners plan both physical improvements and a new leasing strategy in order to maximize returns on the buildings.

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Invesque to buy medical office building owner Mohawk REIT

Health properties owner Invesque Inc. (IVQ.U) continued its aggressive expansion on Friday morning, announcing it will acquire Canadian-owned Mohawk Medical Properties Real Estate Investment Trust for approximately $180 million. Mohawk REIT owns 14 multi-tenant medical office buildings in seven markets throughout Canada and the U.S.

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Used oil wells may heat Alberta town’s buildings

Calgary-based Epoch Energy Development is conducting an extensive research and feasibility study to see if a Geothermal District Energy System is viable in the Town of Hinton in Alberta. The study, supported by all three levels of government, is looking at a proposed system that would produce renewable geothermal heat from marginally-producing oil and gas wells to heat the town’s public buildings.

Sustainable Biz Canada

Local library renaissance an opportunity for landlords

Board any public transit vehicle and have a quick look at your fellow passengers, you’ll be hard pressed to find any one of them reading a book. Why read when technology allows you to watch a video or socialize with friends? These and other trends in our personal interactions should be bad news for our libraries. But recently, we’ve seen an upsurge in library usage.

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Six months ago: Burnaby’s Metrotown ripe for redevelopment

Burnaby is trying to shed its reputation as Vancouver’s suburban cousin with a new, bold plan to transform its burgeoning Metrotown neighbourhood into a downtown core that could eventually rival downtown Vancouver. The controversial Metrotown Downtown Plan, approved unanimously by city council in late July, signals to developers and investors that Burnaby’s Metrotown is ripe for more large, mixed-use towers, more business and more people.

Property Biz Canada

One year ago: Killam, KingSett finalize Kanata acquisition

The final phase of William’s Court at Kanata Lakes, the largest rental apartment complex built in Canada in more than 40 years, has been sold by developer Francis Lépine’s Lépine Corporation to Killam Apartment Real Estate Investment Trust and KingSett Capital.

Property Biz Canada

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