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Canada ICI to acquire Toronto's Lorne Capital Group

4 months ago

Canada ICI to acquire Toronto's Lorne Capital Group

Commercial mortgage broker Canada ICI Capital Corporation is acquiring Toronto-based peer Lorne Capital Group, a move aimed at growing its presence in the Greater Toronto Area and Ontario.

Frontline Real Estate brokers join Goodman Commercial

Frontline Real Estate Services' four brokers have joined Vancouver-based Goodman Commercial, enabling the company to better expand its reach into the Fraser Valley and eastern Vancouver suburbs.

Investors losing interest in public markets: Brookfield CEO

Institutional investors are losing interest in public markets around the world as their war chests for private deals get increasingly larger, Brookfield (BN-T) chief executive officer Bruce Flatt said at a regulatory event on Wednesday.

Best Caisse scenario

A debate is raging over whether Canada’s pension plans invest enough of their vast assets at home. And Charles Emond – the man charged with producing big returns while contributing to Quebec’s economy – is at the centre of it all.

Lanesborough REIT plans to sell assets for $41M, shut down

Heavily indebted Lanesborough Real Estate Investment Trust (LRT.UN-V) has announced it intends to sell its residential and vacant property assets in Winnipeg to a numbered company connected to one of its trustees for $41 million and wrap up operations.

The Home Equity Partners launches in the GTA to help homeowners unlock financial freedom

The Home Equity Partners is a dynamic Canadian company offering an innovative new product called the Home Equity Sharing Agreement. This hassle-free product empowers homeowners to achieve their financial goals – without monthly payments, interest charges, or usage restrictions.

Sponsored by: The Home Equity Partners

Vancity puts three B.C. properties on market

Vancity Credit Union has listed several prime locations with Colliers in a bid to streamline its operations. These include two sites in Vancouver at 3395 West Broadway and 3305 Kingsway, and one in Victoria at 3075 Douglas St.

Surrey's Pink Palace Hotel has a buyer

A court-ordered sale of the iconic Pink Palace Hotel in Surrey is expected to be finalized soon with an initial offer of $18 million accepted, listing agent Rishi Dhir says. Additional offers are due on May 23.

Feds' housing push rewriting rules of development

Over the course of 12 days, more than 700 residents and stakeholders paraded through council chambers at city hall to share their views ahead of a vote on sweeping changes to the City of Calgary’s zoning rules.

Board of trade unveils action agenda for downtown Ott.

The Ottawa Board of Trade launched its ambitious action agenda for downtown Ottawa on Wednesday with some ominous comparisons: New Orleans after the devastation of Hurricane Katrina, a boarded-up, post-industrial Detroit, even Chicago after its Great Fire of 1871.

Pickering mayor pushes for housing MZO

Pickering Mayor Kevin Ashe wants Premier Doug Ford’s help to have land set aside in the 1970s for a never-built international airport eventually opened up for housing. However, some of the lands in question are part of the protected Greenbelt.

New lights, new life, and doors open at Exhibition Place

For many years, says Exhibition Place CEO Don Boyle, someone had forgotten to flip on the lights at many of the buildings and structures on the 78-hectare site; in fact, some of the bulbs had burnt out and no one even noticed.

Mississauga proposes plan to spur new rental housing

The City of Mississauga announced it is working on a plan to encourage the construction of more affordable rental housing. If approved, the plan will offer grants and financial incentives for a variety of rental units, from large-scale apartment buildings to smaller garden suites and basement apartments.

AVL opens new branch in Mississauga to spur EV R&D

Global mobility technology giant AVL is opening a state-of-the-art research and development centre in Mississauga to spur further development in Canada's fast-growing battery technology and electric vehicle (EV) sector.

CIB loans $150M to Prince Rupert Port Authority

The Canada Infrastructure Bank (CIB) is backing a $750-million project designed to bolster exports from the Port of Prince Rupert and reduce shipments of empty containers heading to Asia.

Starlight acquires nine-storey U.K. rental residence

Starlight Investments has acquired 84 Kirkstall Rd., a 111-suite build-to-rent community located in Leeds, U.K. The nine-storey newly built residence features a range of one-bedroom, two-bedroom and three-bedroom suites with many featuring balconies.

Two new Amazon warehouses hit the market

Two Amazon-anchored warehouses totalling nearly three million square feet are for sale as the e-commerce giant has resumed its industrial growth. The two are located in central Pennsylvania and in the Phoenix area.

British Land weighs new office projects

The amount of office space in the City of London that’s under offer to lease is at its highest in almost a quarter of a century, prompting developer British Land Co. to weigh bringing forward new projects.

The music has stopped for crowdfunding platforms

The once-booming crowdfunding sector is facing its first major downturn since federal laws changed in 2012 to allow developers to solicit small investments online, a move that spurred the creation of platforms like CrowdStreet, Cadre, YieldStreet, RealtyMogul, RealCrowd, Fundrise, Small Change and EquityMultiple.

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