REITs & Institutions

Mike McGahan is Executive Chair of InterRent REIT and President & CEO of CLV Group.
REITs & Institutions

InterRent REIT To Be Acquired By Insider And Singaporean Wealth Fund For $4B

The bid comes from Mike McGahan, the current Executive Chair of InterRent REIT, and GIC, the Singaporean sovereign wealth.

Real Estate News

Toronto City Council Approves 7 High-Rise Proposals From Choice, Diamante, And More

The lion’s share of development applications before Council this month got the green light, which is perhaps a testament to the intensified emphasis on homebuilding in Toronto.​

Development Projects

Choice Properties Advances Plans For 17 Storeys Near Warden Station

The project has faced pushback in the past, but is now advancing with a Site Plan Approval application for Block Three, planned to accommodate a 17-storey rental building designed by Giannone Petricone Associates.

Development Projects

Dream Office REIT Secures Grant To Convert 16-Storey Office Tower In Calgary

​The office building sits at 606 4th Street SW and Dream Office REIT (TSX: D.UN) has secured an $11 million grant via Calgary's office conversion incentive program.

REITs & Institutions

Ravelin Properties REIT Issues "Going Concern" Warning

​Ravelin Properties REIT is currently in discussions with its lenders regarding recapitalization, but will be unable to continue as a going concern if they are unsuccessful.

Industrial

QuadReal Buys Maple Leaf Self Storage Chain Valued At Over $500M From Larco

​The Maple Leaf Self Storage portfolio includes 11 properties in Metro Vancouver and four in Calgary and is valued at more than $500 million.

Development Projects

Wesgroup Joins Crombie REIT On Four Safeway Redevelopments In Metro Vancouver

​Wesgroup Properties is joining Crombie REIT on its Kingsway & Tyne, Lynn Valley, Hastings, and West Broadway projects across Metro Vancouver.

Development Projects

Crombie, Northam Looking To Replace Scarborough Beer Store With 36-Storey Rental

Crombie REIT entered into a co-ownership agreement in 2018 that resulted in 50% interest in 3130 Danforth Avenue being sold to a subsidiary of Northam Realty Advisors.

Construction

Inside Forum Asset Management's $15.5M Development Charges Battle In Guelph

Forum Asset Management announced earlier this month that it is putting the second phase of its student housing project in Guelph on hold after the City's decision to impose $15.5 million in development charges.