City: Calgary
Calgary Mall to Expand
February 28, 2003 Financial Post (Fourth item)Two of the country's largest pension funds are teaming up on major renovations at the Market Mall in northwest Calgary, Alberta. Cadillac Fairview Corp., a subsidiary of the Ontario Teachers' Pension Plan Board, and ...
O&Y REIT Buys Rest of Calgary, Alberta, Office Building
October 2, 2002 O&Y Real Estate Investment Trust (TSE:OYR) has completed its purchase of the remaining 50 percent interest in Altius Centre, 31-story office tower in downtown Calgary, for C$32.5 million (US$20.5 million).The deal gives the Toronto-based REIT full ownership ...
Hotel to Sell for $42.2Mln in Calgary, Alberta
June 19, 2002 Legacy Hotels REIT (TSE:LGY) has agreed to pay about C$65 million (US$42.2 million) to buy the Sheraton Suites Calgary Eau Claire in Calgary, Alberta.The 323-suite hotel is being sold by its developer and manager, Pacrim Developments Inc. ...
CREIT Pays $10.5Mln for Calgary Industrial Property
January 17, 2002 CALGARY, Alberta – Canadian Real Estate Investment Trust (TSE:REF.UN) has paid just over C$17 million (US$10.5 million) for the Valleyfield Business Centre, an industrial property in southeast Calgary. The two-building complex has 224,000 square feet that includes ...
Summit REIT to Sell Calgary Office Property
November 16, 2001 CALGARY, Alberta – Summit REIT (TSE:SMU) has agreed to sell Canada Place, a 191,890-square-foot downtown office building, to an undisclosed buyer for C$31.4 million (US$19.8 million).The C$164/sf sales price represents a capitalization rate, or initial yield, of ...
Small Real Estate Investor in Canada Considers Sale
November 16, 2001 Western Spirit Investments Ltd. (CDNX:WST.A), a Victoria, B.C., real estate investment company, is pursuing strategic alternatives, including selling assets or the company as well as converting to a REIT.The company has hired Royal LePage Commercial Inc. as ...
Brookfield Puts $240Mln Mortgage on Calgary Office Complex
October 22, 2001 Brookfield Properties Corp. (NYSE:BPO) has secured a US$240 million loan for Bankers Hall in Calgary and is now actively marketing a half stake in the 2.6 million-square-foot complex.An unnamed institutional lender provided the 12-year mortgage, which carries ...
Boardwalk Equities to Sell Common Shares
August 27, 2001 CALGARY, Alberta – Boardwalk Equities Inc. (NYSE:BEI) plans to sell up to 358,800 common shares from its combined holdings.Controlling shareholders own or have control over about 16.8 million common shares of Boardwalk, which represents about 34 percent ...
Brookfield Refinances, Sells Half Stake in Calgary Office Complex
July 23, 2001 CALGARY – Brookfield Properties Corp. (NYSE:BPO) has refinanced and sold a 50 percent interest in Fifth Avenue Place, a 1.7 million-square-foot office complex in Calgary.Brookfield secured a C$165 million (US$106.8 million) non-recourse first mortgage on the property, ...
Summit REIT to Sell Calgary Office Tower
December 13, 2000 TORONTO – Summit REIT (TSE:SMU_u.TO) has agreed to sell an office tower in Calgary, Alberta, for about C$24.5 million (US$16.1 million), or C$122/sf (US$80/sf), to an undisclosed buyer.The 200,987-square-foot building is at 333 11th Ave. Southwest. Proceeds ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
