City: Canada

March 12, 2002 A subsidiary of Brookfield Properties Corp. (NYSE:BPO) has sold a 50 US$100 million.Two Canadian pension funds, represented by Redcliff Realty Advisors, paid about US$91/sf for the half stake in the Exchange Tower, a 1.1 million-square-foot office complex ...

January 31, 2002 OTTAWA – H&R Real Estate Investment Trust (TSE:HR) has agreed to pay C$211 million (US$133 million) for Place Bell Canada, a Class-A downtown office building.The deal for the 990,000-square-foot building at 160 Elgin St. marks Toronto-based H&R ...

January 29, 2002 Commercial Real Estate Direct Staff ReportBear Stearns is in the market with a $400 million CMBS transaction that is financing Blackstone Realty Advisors' purchase of the Homestead Studio Suites portfolio from Security Capital Corp.The deal, Bear Stearns ...

November 28, 2001TORONTO – City planners are moving ahead with their proposal for a massive waterfront development. The project, estimated to cost C$12 billion (US$7.5 billion), aims to turn a 29-mile stretch of industrial and port land into offices, homes ...

November 2, 2001 TORONTO – H&R Real Estate Investment Trust has completed its public offering of 11.5 million trust units for C$12.45/unit, or gross proceeds of C$143.2 million, (US$90 million).The units were sold to a syndicate of underwriters led by ...

October 29, 2001 Commercial Real Estate Direct Staff ReportThe City of Toronto is looking to sell Metro Hall, a 27-story office tower in downtown Toronto that is likely to fetch around C$150 million (US$95 million).The city has retained Royal LePage ...

October 19, 2001 TORONTO – Legacy Hotels Real Estate Investment Trust (TSE:LGY) has secured a C$162.5 million (US$103 million) mortgage for The Fairmont Royal York hotel.CDP Mortgages – a member of CDP Capital, the fund manager of the Caisse de ...

October 19, 2001 TORONTO – Summit REIT (TSE:SMU) has closed its purchase of a portfolio of light industrial/flex space properties from Slough Estates Canada Inc. for C$183 million (US$116 million).The 3.6 million-square-foot portfolio contains 121 buildings located in six industrial ...

August 29, 2001 TORONTO – Summit REIT (TSE:SMU) has agreed to purchase a 3.6 million-square-foot light industrial portfolio for C$184 million (US$119.1 million).The price works out to C$51/sf (US$33/sf) with a 9.8 percent capitalization rate. The properties are being purchased ...

August 3, 2001 TORONTO – Bank of Montreal has agreed to sell its 25 percent share of the land under First Canadian Place at King and Bay to Manulife Financial for about C$120 million (US$78.2 million).The sale price represents a ...