acquisition

retail

REMI Network

Stern Partners closes on Comark retail portfolio

Vancouver-based Stern Partners Inc. has completed the acquisition of Comark Inc., a Canadian specialty fashion retailer.
Keysight

REMI Network

Allied acquires space at 560 King Street West

Allied Properties is set to acquire the retail and office component of 560 King Street West in Toronto for $28 million.
Collier Centre

REMI Network

Fortress acquires Collier Centre project in Barrie

Fortress Real Developments has arranged to acquire the Collier Centre in Barrie, Ontario, a mixed-use building that began construction in 2012.
Walmart

REMI Network

Calloway fully acquires SmartCentres platform

Calloway has completed the purchase of the SmartCentres platform, acquired from Mitchell Goldhar as part of a $1.16 billion transaction.
Toronto

REMI Network

Allied Properties to buy more King West property

Allied Properties is set to purchase three Class 1 buildings on King West property in Toronto for $100 million.
Penguin Pick-up

REMI Network

Calloway to buy SmartCentres in $1.16-bill deal

Calloway REIT (Calloway) is set to acquire SmartCentres and become a fully integrated real estate development company called SmartREIT in a transaction valued at $1.16 billion.
hiltongardenmontreal

REMI Network

Hilton Garden Inn Montreal Airport is sold

The parent company of Shelter Canadian Properties Limited has bought Montreal’s Hilton Garden Inn Montreal Airport for $15 million. The 159-room hotel, which opened in
Companies-join-to-form-COWI-North-America

Canadian Apartment Magazine

Milestone REIT to acquire Atlanta apartment

The Ontario-governed Milestone Apartments Real Estate Investment Trust (Milestone REIT) has agreed to purchase a 236-unit apartment complex in East Atlanta, Georgia. The community, known as the Village at Almand Creek (Almand Creek), will be purchased for $24-million U.S.
520bfb62e7d43216

Canadian Apartment Magazine

Starlight purchases Texas apartment complex

Travesia Apartments (Travesia), a 396-unit apartment complex in Austin, Texas, has been acquired by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight). Located at 3701 Quick Hill Rd., the 18-building development was purchased for $50.6-million U.S.
Avison Young

Canadian Apartment Magazine

Starlight purchases Belle Haven Apartments

The previously announced acquisition of North Carolina’s Belle Haven Apartments by the Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has closed. Belle Haven Apartments, a group of seven three-storey, 176-unit garden style apartment complex, was purchased by Starlight for approximately $26.4-million U.S.
Edmonton

Canadian Apartment Magazine

CAPREIT acquires Alberta apartment property

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired Grandin Tower, a 126-unit apartment property in Edmonton, Alta. At the same time, the company also sold four Toronto apartment buildings located on Wilson Ave.
19 Duncan Street_Toronto

Canadian Apartment Magazine

Allied REIT completes Duncan St. acquisition

Allied Properties REIT (Allied) has completed the acquisition of a 50 per cent interest in a property located at 19 Duncan St. in Toronto, Ont., which the company plans to develop into a mixed-use building including retail, rental apartments and five floors of office space.
Viva_Suites

Canadian Apartment Magazine

Vancouver hotel to convert to student housing

A 17-storey luxury hotel in downtown Vancouver, known as the Viva Suites Hotel, has been acquired by CIBT Education Group’s (CIBT) wholly owned subsidiary, Global Education City Holdings Inc. (GEC), with the intent to convert it into a 230-bed student housing development for foreign students. The total value of the project, including purchase price and renovations, is approximately $37-million.
Heritage_on_Millenia

Canadian Apartment Magazine

Milestone REIT to acquire Orlando apartment

Heritage on Millenia (Heritage), a 303-unit multi-family apartment community in Orlando, Florida, will soon be acquired by the Ontario-governed Milestone Apartments Real Estate Investment Trust (Milestone). Heritage will be purchased for $40.0-million U.S. and is expected to be fully acquired by March 31.
Avison Young

Canadian Apartment Magazine

Starlight to acquire North Carolina apartment

The Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has entered an agreement to acquire a 176-unit apartment complex in Charlotte, North Carolina. Located at 9005 Post Canyon Lane, the LEED-Silver certified property, known as Belle Haven Apartments, will be purchased for approximately $26.4-million U.S.
Veritas_apartments

Canadian Apartment Magazine

Ivanhoé Cambridge acquires 11 Calif. apartments

As part of an ongoing property aggregation strategy with partners Veritas Investments, Inc. (Veritas), Ivanhoé Cambridge has acquired 11 multi-residential properties in San Francisco, California. Together, the acquired properties represent a total investment of $190-million U.S. This brings the number of American properties jointly owned by the partners to 20.
dublin_ireland

Canadian Apartment Magazine

CAPREIT acquires Dublin apartment portfolio

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired an apartment portfolio in Dublin, Ireland, consisting of 270 residential suites and 50,214 square feet of mixed-use commercial space. The Rockbrook Portfolio, which was purchased for € 87.3-million, is the first acquisition that CAPREIT has completed under the previously announced “Pipeline Agreement” with Irish Residential Properties REIT plc (I-RES).