The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2019.
Amid strong tourism and business travel, CBRE expects 2019 hotel investment volume to exceed last year’s total of $1.5 billion.
Closing is expected to occur on or about June 6, 2019.
Allied Properties Real Estate Investment Trust (Allied) announced that it has acquired properties in Toronto, Calgary and Vancouver for a total consideration of $94 million.
The luxury hotel is set to make its Toronto debut in 2022.
Epic and MDC first partnered in 2008 to have greater reach in Western Canada.
The project is set to be the tallest residential tower in Montreal.
Investors snapped up $6.5 billion worth of property in Montreal last year, accounting for nearly 12 per cent of deals valued in excess of $1 million Canada-wide.
Plaza Retail REIT (Plaza) announces the purchase of Tri-City Centre in Cambridge, Ont. The 197,000 square foot centre is located in the heart of the main
Lee & Associates Toronto is the firm’s second office in Canada.
The project will transform the building into an energy efficient, low-carbon asset, cutting its annual greenhouse gas emissions by up to 80 per cent.
The $126 million Simon Fraser University (SFU) Sustainable Energy and Environmental Engineering Program (SE3P) building was officially opened this April.
Two of the properties are located in Quebec and one in Nova Scotia.
The development features 1.2m square feet of office space, 339 parking stalls, and 12,290 square feet of retail space.
The report provides the basis for the development of wind risk reduction measures.
The guideline provides comprehensive and detailed descriptions of the processes and procedures for the retrofitting of historic buildings to achieve greater measured efficiency.
CIBC's chief economist Benjamin Tal's indicates that while the B-20 mortgage stress test has cooled the Canadian market, it might be time to loosen the reigns.