Commercial
Multifamily
Starlight Buys Victoria Property Under Receivership For $23.5M After Bidding War
The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.
Dec 11, 2024
Multifamily
RioCan & Allied Sell 8-Storey Strada In Toronto To CAPREIT For $48M
The 8-storey Strada at 555 College Street in Toronto was developed in 2021 by RioCan and Allied Properties REIT.
Retail
Tokyo Smoke Exits Creditor Protection, Most Locations Unaffected By Restructuring
“The majority of Tokyo Smoke's retail locations were unaffected by the restructuring, and there will be no disruption or change to the Company's online business.”
Industry
Thind Sells Hotel Component At 48-Storey Highline Metrotown For $47.2M
The hotel will be known as Hyatt Place Metrotown and be housed in the 10-storey building podium of Thind's Highline tower in Burnaby.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
Policy
Regulatory Change That Could Speed Up Office Conversions Proposed After Ford Government Voted Bill Down
Bill 102, The Commercial to Residential Conversion Act, 2024, was tabled by Liberal MPP Karen McCrimmon in May in response to high office building vacancies in Ontario.
Office
City Of Burnaby Pays $65M For Metrotown Place Office Towers Under Receivership
The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.
Office
Slate Office REIT Sells Stake In Woodbine & Steeles Corporate Centre For $39M
The Woodbine & Steeles Corporate Centre sits at 7030-7100 Woodbine Avenue and 55, 85 Idema Road in Markham, Ontario.
Office
Oxford Properties & AIMCo Sell 4-Tower Bow Valley Square In Calgary For $140M
The Bow Valley Square office complex was acquired by Armco Alberta, subsidiary of George Armoyan's G2S2 Capital Inc.
Multifamily
First Capital REIT Sells 50% Stake In North Vancouver Project For $29M
Victor, located at 65 Chesterfield Avenue in North Vancouver, was developed by Cressey Development and First Capital REIT.
Office
Cadillac Fairview Sells 26-Storey Calgary Office For $16.9M To Enright Capital
The office building sits at 635 8th Avenue SW in Calgary and was acquired by Calgary-based Enright Capital.
Retail
Vandyk-Owned Van Mills Retail Centre In Mississauga Sold Via Receivership
The Van Mills Centre retail plaza was owned by Vandyk Properties and was placed under receivership in February 2024.
Industrial
TransLink Pays $85.6M For Two Industrial Properties In Surrey
TransLink has acquired 13221 76th Avenue and 7678 132nd Street, two properties adjacent to the Surrey Transit Centre.
Sold
Scarborough Office Building Sold A Year After Receivership
The building was subject to receivership proceedings after The Bank of Nova Scotia went to the Ontario courts over an alleged default of $26.6M.
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