acquisitions
Canadian Apartment Magazine
NexLiving acquires 10 New Brunswick properties
NexLiving Communities announced it has acquired ten new apartment properties located in Moncton and Riverview, New Brunswick.
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.
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.
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.
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.
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.
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.
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.
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
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.
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
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,
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
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.
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.
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
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.