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Your Saturday #CRE Read:
It was a big week for office news ... including a major new lease for four floors at The Well in Toronto, which was announced by Allied Properties REIT and RioCan REIT. https://t.co/d6JrL9rWn5 #realestate#officeleasing#GTA#TorontoRE#TheWell
Your Saturday #CRE Read:
First Capital REIT announced plans this week to reorganize its business structure, eliminating its subsidiary First Capital Realty. Details, and what's needed before this can be approved... https://t.co/aNBkVIdkcA #REIT#REITs#realestate
JUST ANNOUNCED: Daniel Fournier is stepping down after 3 years as head of Oxford Properties Group, with Eric Plesman returning to the organization as president and CEO. The details... https://t.co/JROGcqwhMb #cre#realestate#csuite#ceos#TorontoRE#OMERS
BREAKING #CRE News: City Office REIT to be acquired, taken private by U.S.-based MCME Carell in $1.1B transaction. Details... https://t.co/tw4dtPycKJ #realestate#REITs#Vancouver#MetroVan#office
In People Space: Marie Pier Germain and Hugo Germain promoted to co-presidents of family-owned and operated Germain Hotels. Quebec-based company operates 19 hotels, with more on the way. https://t.co/QFWpsYDeMT #csuite#executives#hotelnews#resortnews#quebec#peoplespace
Les Miller to retire as CEO and managing partner at Toronto-based Crown Realty Partners. Senior company executives to step into expanded roles as he departs... the details. https://t.co/2k69MVZOZG #cre#peoplespace#realestate#csuite#ceos#ceo#executives
#CRE Transaction: QuadReal Property Group has acquired Maple Leaf Self Storage from Larco. Maple Leaf has 15 facilities in the Metro Vancouver and Calgary areas. Details... https://t.co/3rgz01apKh #realestate#industrial#logistics#selfstorage
The tallest skyscraper in the City of #London financial district has reached full occupancy just over four years after it was completed. RiverStone Int. has leased the final remaining floor at 22 Bishopsgate, according to the building’s developer Axa SA.
https://t.co/ti62BceSlH
Even as fires continue to burn across #LosAngeles, many of those who lost their houses are already making plans to rebuild. To overcome labour shortages and speed up the process, some are turning to #prefabricated homes.
https://t.co/HiOQ2qasMt
New report reveals most business leaders in the U.S. and U.K. plan to move to a new building within the next five years. Reliable connectivity is more important than ever.
https://t.co/yS1RjLZcuR
Johnston & Murphy, the historic American footwear and apparel brand founded in 1850, has announced the closure of its Canadian operations. The decision saw all six Canadian stores and the brand’s Canadian website cease operations last week.
https://t.co/Dd9fGgOYMy
Too many times, there was no room at the inn, hotel or bed and breakfast during Churchill’s busy polar bear viewing season. But those nights are ending as #ChurchillWild recently unveiled the Blueberry Inn, a 9,000-square-foot lodge.
https://t.co/KRwNUdhaW6
A frustrating home buying and selling experience has evolved into online brokerage Zown Canada, which its founder says was created to return more money to buyers for their down payments and lower the threshold for acquiring a residence.
via @RENXhomes
https://t.co/bGthqUCLHQ
Canadian real estate sales are picking up but prices haven’t budged, and they aren’t expected to in the near future. BMO Capital Markets believes the great Canadian #realestate stagnation may have just kicked off.
https://t.co/NkZC2Od5Ku
An ambitious four-tower #condo development, 23 storeys each, has been proposed by Fana Group of Companies that would deliver over 1,000 residential units to the #Etobicoke West Mall neighbourhood.
https://t.co/PlT1uWQZNa