City: Canada

The Canada Pension Plan Investment Board has paid $852 million for a 50 percent stake in an 11-property office portfolio.The interest was acquired from Oxford Properties Ltd., a subsidiary of the Ontario Municipal Employment Retirement Board.CB Richard Ellis advised the ...

February 15, 2005 O&Y Properties will join with O&Y Real Estate Investment Trust to seek proposals for acquiring their combined portfolios. RBC Capital Markets will represent them in soliciting proposals. The transaction should be completed in the third quarter of ...

December 17, 2004 O&Y REIT is exercising its option to buy the new Maritime Life Tower in downtown Toronto for C$130 million (US$106 million).The Toronto-based REIT is acquiring the class-A tower from O&Y Properties Corp., which will continue to have ...

November 22, 2004 ProLogis (NYSE: PLD), an owner of international distribution facilities and services, has acquired 134 acres of land in Mississauga Gateway Centre, outside Toronto. The initial development phase will include seven distribution facilities totaling 1.75 million square feet. ...

November 18, 2004 The Globe and MailVirginia-based Sunrise Senior Living Inc. is tapping the Canadian trust market in an unusual arrangement. It plans to sell all eight of its Canadian sites and 15 in the United States to a newly ...

September 28, 2004 CalEast Industrial Investors LLC has bought a 47-acre site in Brampton, Ontario, a Toronto suburb. CalEast will partner with Panattoni Development Co. to build two industrial buildings totaling 1.1 million square feet of bulk warehouse and distribution ...

September 16, 2004 The Globe and MailSutter Hill Development Corp. has bought a 12-story office building in downtown Toronto, Ontario, from Royal & SunAlliance Canada Group for C$15 million. The acquisition is Sutter Hill's first in downtown. The 110,000-square-foot office ...

September 2, 2004 Fairmont Hotels & Resorts Inc. (NYSE:FHR) has taken full control of its management company. The Toronto, Ontario, hotel company paid about $70 million to acquire the minority interest that Maritz, Wolff & Co. held in the Fairmont ...

September 2, 2004 The Globe and MailAllied Properties Real Estate Investment Trust is looking to buy and convert some of the 11 million square feet of older industrial and office space immediately to the east and west of downtown Toronto, ...

June 23, 2004 Opus Group, a Minneapolis developer, has formed a Canadian affiliate, O.R.E. Development Corp., to develop industrial properties in the Toronto area.The affiliate, which is based in Toronto, will be run by Mike Hanna, a chartered accountant.O.R.E. Development ...

June 11, 2004 First Capital Realty Inc. (TSX:FCR) has bought two supermarket-anchored retail properties in downtown Toronto valued around C$52 million (US$38.1 million): King Liberty Village and the Merchandise Building's retail component.King Liberty Village is a mixed-use property under development ...

May 6, 2004 Allied Properties REIT (TSX:AP.UN) has agreed to buy two Class-A office complexes in downtown Toronto – The Queen Richmond Centre and Phase I of The Castle. The acquisitions – which total of C$51.1 million (US$37.1 million) – ...

February 27, 2004 Globe and MailDonald Trump is taking another run at developing Toronto's first five-star hotel and making his first foray in Canada after a much-hyped effort three years ago disintegrated into a publicity nightmare. Plans for a luxury, ...

February 5, 2004 Allied Properties REIT (TSX:AP.UN) has agreed to buy the Gelber Building, a Class-A office building at 217-225 Richmond St. W. in downtown Toronto, for C$7.5 million (US$5.6 million). The 55,905-square-foot building is 86 percent leased to 11 ...

February 3, 2004 RioCan Real Estate Investment Trust (TSE:REI_un) has purchased the Parkway Mall in Toronto, Ontario, for nearly C$38 million (US$28.4 million) through a limited partnership it controls.In acquiring the mall, the RioCan Retail Value LP also assumed the ...

January 30, 2004 Trizec Canada Inc. (TSX:TZC.TO) has completed the transfer of its interest in the CN Tower in Toronto, Ontario, back to its landlord, Canada Lands Co.The deal, which closed Dec. 31, 2003, generated C$51.75 million (US$39 million) of ...

January 28, 2004 RioCan Real Estate Investment Trust has completed its acquisition of the remaining 50 percent interest in Festival Hall Retail and Entertainment Complex in Toronto for US$30.8 million.RioCan assumed a mortgage of US$21.6 million and paid cash for ...

January 16, 2004 Trizec Properties Inc. (NYSE:TRZ) has sold 151 Front St., a 272,000-square-foot property in Toronto for US$59 million to Northam Realty Advisors Ltd., a Toronto real estate adviser that manages capital for Canadian and German investors.The eight-story property ...

December 22, 2003 Dundee Real Estate Investment Trust (TSX:D.UN) will buy a portfolio of office, industrial and flex space in the Calgary, Alberta, and Toronto, Ontario, markets and 28 acres of development land in Toronto for a total of C$167 ...

December 4, 2003 Financial PostOffice towers will continue to climb in price even as vacancy rates show no signs of falling next year, a panel of experts at a real estate conference in Toronto said yesterday. Despite the fact that ...

December 3, 2003 The Cadillac Fairview Corp., a wholly owned subsidiary of the Ontario Teachers' Pension Plan, has agreed to buy some developable land in Toronto, Ontario, from CBC/Radio-Canada. The vacant land is adjacent to the Canadian Broadcasting Centre, the ...

December 2, 2003 Allied Properties REIT (TSX:AP.UN) has agreed to buy 905 King St. W., an office building in downtown Toronto, Ontario, for C$15.75 million (US$12.1 million). Allied plans to finance the acquisition – which is expected to close Dec. ...

December 1, 2003 Abacus Capital Corp. has sold Martello Towers, a 220-unit apartment tower at 1011 Beach Ave. in Toronto, for C$29.25 million (US$22.5 million). Abacus, a Canadian merchant banking group, specializes in the acquisition of financially troubled Canadian corporations.Commercial ...

November 14, 2003 The Cadillac Fairview Corp. is looking into a possible redevelopment opportunity at the Don Mills Centre, a retail property that was built in 1955 outside Toronto, Ontario. Cadillac Fairview, a unit of the Ontario Teachers' Pension Plan, ...

November 7, 2003 Canada Life, a subsidiary of Great-West Life, plans to build a 15-story office tower in downtown Toronto, on the site of a parking lot adjacent to Canada Life's historic head office. The Government of Canada has a ...