Basix Hedge News - Property Post


Canada sells diplomatic mansion Macdonald House in London to Indian developer for $530M

The 135,000-sq.-ft palatial property which currently houses the Canadian High Commission has been sold to Lodha Group for about $530-million

Former real estate mogul Paul Reichmann dies at 83

A spokeswoman for ReichmannHauer Capital Partners, a Toronto company run by his son-in-law, Frank Hauer, and nephew, Phillip Reichmann, says Reichmann died shortly before noon...

Loblaw REIT Choice to buy 10 commercial/retail properties, most from its owner, for $150-million

Choice says the deals will expand its portfolio by more than 900,000 square feet, raising the total 435 properties representing some 36.2 million square feet...

Want to own a piece of the Empire State Building? Here’s your chance

The family that controls the iconic tower plans to kick off a formal roadshow as early as this week to sell it by offering shares...

The rise of the one-tenant REIT

It sounds like a disaster if the tenant goes bankrupt, but the retailers' strategy of turning their property into publicly traded entities has become the...

Calloway REIT to buy four Ontario shopping centres from Walmart, SmartCentres

Calloway Real Estate Investment Trust says it will pay $231.5-million to acquire four Ontario shopping centres anchored by Walmart stores

CPPIB continues investing in Brazil with stake in public real estate company

CPPIB, which invests funds for the Canada Pension Plan, signed an agreement Monday to buy a 27.6% stake in Brazil's Aliansce Shopping Centers S.A. from...

Loblaw/Shoppers deal seen as positive for some retail REITs

Loblaw’s $12.4-billion offer for Shoppers Drug Mart could make for a more powerful tenant

Loblaw’s Choice Properties REIT helps IPOs beat TSX for first time in 4 years

Investors speculate dividend payers will hold up better than commodity shares as global economic growth slows

Manulife acquires five Montreal-area commercial properties for $75.9M

Manulife Financial’s real-estate arm has acquired five commercial properties in the Montreal area for $75.9-million

Look out realtors, Rogers Communications wants a piece of your cut

Rogers Communications Inc. subsidiary Zoocasa plans a further incursion into the territory of organized real estate

Hotel sector checks in with major sales activity

Canada's hotel sector shows few signs of slowing down, fresh off a year in which there was record volume in transactions

OMERS buys home of London Stock Exchange for $364-million

Omers’ Oxford Properties buys prestigious Paternoster Square property in the heart of London's financial district

Land that was to be home of ill-fated Chicago Spire back on the market

A prime Chicago parcel that was the site of a project to build North America’s tallest residential building may again have a chance to be...

RioCan REIT to trim Canadian portfolio as Q4 profit rises

RioCan Real Estate Investment Trust is in the process of selling 14 Canadian properties worth about $645-million

TD tower stake swap sets new high mark for commercial property market

Two of the country’s largest pension funds have completed a real estate swap at the highest per-square-foot price to date in Canadian commercial property history....

Primaris blasts KingSett’s hostile takeover bid as ‘wholly inadequate’

A consortium’s hostile $4.4-billion takeover bid for Primaris Retail Real Estate Investment Trust is 'wholly inadequate and undervalues Primaris,' the company’s board said Wednesday

Ontario regulators won’t take action against Toronto’s Trump Tower

Ontario regulators say after reviewing the sale of hotel units to investors in Toronto’s Trump International Hotel and Tower, it has decided not to pursue...

Who’s next? CP Rail, Imperial move out of downtown Calgary as rents soar

Imperial Oil is on the move. Now Canadian Pacific Railway. The big question is who is next to make the jump from downtown Calgary as...

Take a rent holiday on the Boardwalk

Giving tenants a chance to bankrupt their landlord will probably win the CEO some friends but so will six months free rent — the top...