acquisitions

active development program

REMI Network

LaSalle names Michael Cornelissen senior VP of acquisitions

Michael Cornelissen has joined LaSalle Investment Management as senior vice-president of acquisitions for its business in Canada.
Anthem Victoria

REMI Network

PROREIT to acquire four properties in Ontario, Atlantic Canada

PRO Real Estate Investment Trust (PROREIT) announced the conditional acquisition of four commercial properties worth $40.4 million.
Choice Properties

REMI Network

Choice Properties completes Loblaw portfolio

Choice Properties Real Estate Investment Trust (Choice Properties) has acquired five retail properties from Loblaw’s for about $45.6 million.
John Hancock

REMI Network

John Hancock acquires California office towers

John Hancock Real Estate, the U.S. division of Manulife Financial Corporation, has purchased a two-building, Class A office space in Newport Beach.
Renaissance Cleveland Hotel

REMI Network

Skyline to acquire Renaissance Cleveland Hotel

The U.S. $20-million deal for the 97-year-old landmark in downtown Cleveland is slated to close in October 2015.
Fortress Real Developments

REMI Network

Atlantic focused REITs propose friendly deal

PRO Real Estate Investment Trust (PROREIT) will acquire Boulevard Industrial REIT in a friendly transaction, pending approval of the majority of Boulevard unit-holders.
Ivanhoé Cambridge

REMI Network

Ivanhoé Cambridge to buy four U.S. office assets

Ivanhoé Cambridge and Callahan Capital Properties are set to buy four high-grade office buildings situated across the United States.
QualityInnHalifax

REMI Network

CBRE advises the sale of two well-located hotels

CBRE has announced the sale of two well-located hotels, one in Halifax and one in Toronto. On behalf of Banc Group of Properties, CBRE advised
Red For Rent Real Estate Sign in Front of Beautiful House.

REMI Network

Tricon acquires portfolio of U.S. rental homes

Tricon American Homes announced that it has agreed to extend the closing date of its acquisition of a portfolio of 1,386 single-family rental homes.
TheBayCentreVictoria

REMI Network

Bay Centre sale could be B.C.’s top deal of 2015

The Bay Centre shopping mall in downtown Victoria, British Columbia, has been sold, marking what could be one of the largest commercial real estate transactions
ENGIE

REMI Network

RioCan closes on BMO portfolio, retail centres

RioCan has finalized the purchase of 18 Bank of Montreal (BMO) branch locations, along with three shopping centres. The BMO branches, acquired for $49.4 million,
uber_headquarters

REMI Network

CPPIB invests in San Fran’s Uber headquarters

The Canada Pension Plan Investment Board (CPPIB) will complete its first investment in San Francisco office real estate with the partial purchase of a Class
Avison Young

Canadian Apartment Magazine

Killam grows Canadian multifamily portfolio

Canadian residential landlord Killam Properties Inc. (Killam) has fully acquired or acquired interest in three multifamily rental properties in Ontario and one in Alberta. The $97.1-million in acquisitions, which were originally announced on Nov. 10, include apartment communities in London, Ottawa, Mississauga and Calgary.
rental housing industry

Canadian Apartment Magazine

Morgan Properties acquires Maryland apartment

The Preserve, a 791-unit garden-style apartment in Reisterstown, Md., has been acquired by Morgan Properties and The Olayan Group, its joint venture partner. This purchase marks the second acquisition made by the partners this year, representing a total investment of nearly $400-million.
avisionyoung_Germany

REMI Network

Avison Young’s second major German investment

Avison Young has finalized its second major investment in Germany on behalf of two pension funds with the purchase of a mixed-use property at Weisshausstrasse
dublin_ireland

Canadian Apartment Magazine

CAPREIT and I-RES enter acquisition agreement

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has entered into a mutually beneficial agreement with Irish Residential Properties REIT plc (I-RES) in which both companies will have the opportunity to acquire properties from one another. For up to one year, CAPREIT will have access to €150 million to acquire high quality Irish properties and, once funding has been sourced, I-RES will be able to acquire CAPREIT properties.