January 6, 2005 Alexandria Real Estate Equities Inc. (NYSE:ARE) has agreed to buy two properties from ID Biomedical Corp. and then lease them back to the biotechnology company.The Pasadena, Calif., REIT will pay C$50 million (US$40.8 million) to ID Biomedical ...
November 5, 2004 Allied Properties Real Estate Investment Trust (TSE:AP.UN) has agreed to buy a class-A office building in Montreal, Quebec, for C$29.2 million (US$24.3 million). The deal, slated to close by Nov. 19, marks the Toronto, Ontario, firm's first ...
October 8, 2004 Cominar Real Estate Investment Trust has paid C$30.5 million (US$24.4 million) to acquire a 170,221-square-foot building in downtown Montreal. The sales price represents a capitalization rate of 9.1 percent. The seven-story property on Viger Street, near the ...
September 16, 2004 Gordon Group Holdings plans to build a C$350 million retail and entertainment complex in the Montreal suburb of Mirabel, Quebec. The project – called Lac Mirabel – is expected to take three years to complete. Plans have ...
September 2, 2004 A joint venture led by Maui Land & Pineapple Co. (NYSE:MLP) has completed its purchase of the leasehold interest in the Kapalua Bay Hotel in Kapalua, Hawaii.Maui Land is a 51 percent joint venture partner in Kapalua ...
June 10, 2004 Dundee Real Estate Investment Trust (TSX:D) has agreed to buy portfolio of buildings in Technoparc Saint-Laurent, a technology park adjacent to Dorval International Airport in Montreal, Quebec.The Toronto REIT will pay C$63.6 million (US$46.8 million) for the ...
May 12, 2004 Cominar has acquired an office building in Laval, Quebec, for about C$28 million (US$20.2 million). The 157,000-square-foot building is fully leased to the Canadian government on a long-term basis. The Quebec City REIT expects that the acquisition ...
March 29, 2004 GMAC Commercial Mortgage Corp. has provided US$33 million to refinance the 605-room Hyatt Regency Montreal hotel.GMAC's Hospitality Industry Division, through its Canadian entity GMAC Commercial Mortgage of Canada Ltd., provided the floating-rate loan for the property, which ...
January 22, 2004 Northam Realty Advisors Ltd. has paid C$147 million (US$113.4 million) for Cite Multimedia, a seven-building office complex in Montreal, Quebec.The Toronto-based real estate firm bought the complex from a consortium that includes the Societe de developpement de ...
December 15, 2003 CNL Hospitality Properties Inc. has hired Hyatt Hotels Corp. to manage and reflag the hotel it just bought in downtown Montreal, Quebec. Chicago-based Hyatt is assuming management of the Wyndham Montreal, which will be renamed Hyatt Regency ...
June 17, 2003 Alexis Nihon Real Estate Investment Trust (NYSE:AN.UN) plans to redevelop about 130,000 square feet at Centre Laval, one of the Montreal, Quebec, REIT's flagship properties. The project will expand the center by roughly 30,000 sf. The C$11 ...
May 28, 2003 The GazetteCit? Multim?dia, a group of office buildings in Old Montreal totaling 970,000 square feet, is for sale. Industry sources estimate the asking price at C$150 million (US$108 million) and predict the buildings, which can be sold ...
April 16, 2003 Cornerstone Real Estate Advisers Inc. has sold the Renaissance Montr?al Hotel in Montreal, Quebec, to McGill University for an undisclosed sum. The university, which first approached about buying the hotel, plans to convert the 459-unit property at ...
May 6, 2002 CALGARY – Boardwalk Equities Inc., a large Canadian owner of apartment properties, has paid C$180.2 million (US$115.2 million) for a portfolio of 3,100 units outside of Montreal's downtown.The properties, on Nunss Island, are comprised of 59 buildings ...
February 1, 2002 TORONTO – First Capital Realty (TSE:FCR) has completed its purchase of six shopping centers from Ivanhoe Cambridge for about C$58 million (US$36 million).Of the C$58 million, First Capital placed a C$27.4 million, 10-year fixed-rate mortgage on four ...
January 15, 2002 MONTREAL, Quebec – First Capital Realty (TSE:FCR) is buying a portfolio of six shopping centers from Ivanhoe Cambridge for about C$58 million (US$36.3 million).The transaction, which comprises 800,000 square feet, is expected to close Jan. 31.The centers ...
November 2, 2001 MONTREAL – BCE Inc. has put its landmark tower at 1000 de la Gauchetiere on the market, and local players estimate the 43-story tower could fetch about C$250 million (US$157.1 million), according to the Montreal Gazette.That's what ...
October 30, 2001 TORONTO – Retirement Residences REIT has agreed to sell 3.45 million units to a syndicate of underwriters for C$11.75 each to raise gross proceeds of C$40.5 million (US$25.7 million).The company will use the proceeds to pay the ...
August 17, 2001 MONTREAL – Cominar Real Estate Investment Trust (TSE:CUF) has agreed to buy a 175,060-square- foot office building under construction.The REIT is paying about C$32 million(US$20.7 million) for the eight-story building at 8500 D?carie Blvd. The project is ...
May 25, 2001 MONTREAL – Canadian Real Estate Investment Trust (TSE:KO) has acquired a 328,000-square-foot, Class-A office building in downtown Montreal for C$36 million (US$23.3 million).The US$71/sf price represents an initial unleveraged yield of 9.4 percent, the REIT said.The 23-story ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved.