receivership
Industry
Urban North Project In Barrie Sold Via Receivership, Presale Contracts Terminated
The Urban North Townhomes project by Pace Developments set for 700-780 Mapleview Drive East was placed under receivership in March at the request of KingSett Capital.
Sep 04, 2024
Retail
Tokyo Smoke To Shutter 29 Stores Amid Restructuring, Citing $29M Net Loss Last Year
The company has said that 167 locations across Ontario, Manitoba, Saskatchewan and Newfoundland and Labrador will remain operational during the creditor protection proceedings.
Listed Commercial
Guardian Office Building In Edmonton Under Receivership Listed For Sale
The Guardian Building at 10240 124 Street in Edmonton is owned by 1643680 Alberta Ltd, which was placed under receivership in June.
Industry
30-Storey Connolly Tower In Hamilton Placed Under Receivership A Second Time
The Connolly, planned for 98 James Street South in Hamilton, has been placed under receivership twice now, under two different developers.
A Class In Styling: Take Your Realtor Wardrobe To New Levels
When it comes to your work wardrobe, it's about making the (very) most of it.
Industry
Vancouver's Bonnis Properties Cures Default On $56M Loan In Los Angeles
American news outlets reported in June that Bonnis Properties defaulted on a loan, but the company tells STOREYS they have since cured the default.
Marlon Math
The Most Common Reasons Behind Real Estate Receiverships And Insolvencies
Hip to be broke? Unfortunately, this season’s “in thing” in real estate is actually the thing most regular folks want to avoid the most: forbearances, receivership, and insolvency.
Industry
Richmond Hill Mortgage Lender Placed In Receivership Amid $10M Debt, Claims Of Fraud
In early-August, the private mortgage lender Equityline SPV came under receivership after failing to repay over $10M in loans to Equitable Bank.
Industry
Site Of “Shovel-Ready” Roncesvalles Development From Vandyk Finds Buyer
The development site at 41 Wabash Avenue is one of a dozen from the Vandyk Group of Companies in receivership.
Listed Commercial
Slate-Owned Metrotown Place Office Towers Under Receivership Listed By CBRE
The two-tower Metrotown Place office complex is owned by Slate Asset Management and was placed under receivership in July.
Industry
Quarry Rock's The Willoughby In Langley Sold For $35M Through Receivership
The 20335A 70A Avenue property in Langley, where Quarry Rock Developments was planning an 87-unit townhouse project, was placed under receivership in November.
Industry
Ottawa Shopping Mall Makes A Comeback From Receivership Order Issued In June
As far as receiverships go, things have taken an atypical turn for the Ottawa Train Yards, which were involved in an appointment order in early June amid allegations of a $40M debt.
Industry
Failed Sale, $49M Debt Push Slate-Owned Burnaby Office Towers Into Receivership
The subject property of the receivership against Slate Asset Management is the "Golden Towers" office complex at 4330 Kingsway in Burnaby.
Industry
Buyer Found For Vandyk’s King’s Mill Site Under Receivership
As part of the sale of the property to PAD Investments Ltd., it appears that existing pre-sale agreements will be terminated per a notice sent to buyers of The King’s Mill project on June 28.
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