QMLP buys 12 St. Catharines apartments from Skyline

QMLP buys 12 St. Catharines apartments from Skyline

Q Management LP (QMLP) has acquired 12 apartment buildings in St. Catharines, Ont., from Skyline Apartment REIT for $213.5 million. “We’ve been focusing on the greater GTA and our strategy has been to focus on markets where we see long-term strong demand for rental properties before that demand really gets stabilized,” said QMLP president and chief executive officer Dan Argiros.

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Allied, Westbank ready to build KING Toronto project

After a two-year battle between joint venture developers Allied Properties REIT and Westbank Corp., and city planners, the unique KING Toronto condo and mixed-use development is about to proceed. “Despite sustained efforts on the part of city planners to impose a conventional, unsightly and uninspiring vision for this very special site, Allied and Westbank stood firmly behind the original vision and ultimately prevailed,” said Allied president and CEO Michael Emory.

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Calgary, Edmonton driven by private investors: Altus

For decades the Battle of Alberta has been fought in the sports realm. Whether it was the Edmonton Oilers versus the Calgary Flames in the NHL or the Edmonton Eskimos and the Calgary Stampeders in the CFL, the rivalry has always been intense. There’s also a rivalry that has developed in recent years in the commercial real estate world.

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EcoLock Kelowna pushes self-storage into sustainable era

When developer Don Redden was asked about buying a piece of land in Kelowna that had been permitted to build a self-storage building, he thought: “Why on Earth would I want to do that?” After a bit of research though, the CEO of Vancouver-based Ulmus Development changed his mind and indeed bought the downtown property at Ellis St. and Bay Ave.

Sustainable Biz Canada

Is NAFTA 2.0 a boon to rural and small-town economies?

Now that we have had time to detox from the NAFTA 2.0 political spin over Thanksgiving, it’s time to consider what it really means for real estate. (Disclosure: I just can’t bring myself to call this new deal by its acronym without suffering the terrifying image of POTUS in costume dancing to the Village People’s YMCA, so NAFTA 2.0 it is.)

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Six months ago: Oxford invests $110M to revive Les Promenades Gatineau

Oxford Properties Group has injected more than $110 million into its Les Promenades Gatineau shopping centre since purchasing the mall in 2012, and the investment is starting to pay dividends.  With the recent opening of its HomeSense and Marshalls stores, Les Promenades has added two more major assets. The 36,000-square-foot additions are just the latest in a series of changes and improvements to the mall by Oxford.

Property Biz Canada

One year ago: PSP Investments, AIMCo JV with Starlight on $1.3B venture

Starlight Investments announced Tuesday morning it is partnering with the Public Sector Pension Investment Board and the Alberta Investment Management Corporation on a program to purchase US$1.3 billion worth of residential properties in five U.S. states. While the program had been previously announced by Starlight, the partners had not been identified.

Property Biz Canada

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