January 6, 2005 Alexandria Real Estate Equities Inc. (NYSE:ARE) has agreed to buy two properties from ID Biomedical Corp. and then lease them back to the biotechnology company.The Pasadena, Calif., REIT will pay C$50 million (US$40.8 million) to ID Biomedical ...
November 5, 2004 Allied Properties Real Estate Investment Trust (TSE:AP.UN) has agreed to buy a class-A office building in Montreal, Quebec, for C$29.2 million (US$24.3 million). The deal, slated to close by Nov. 19, marks the Toronto, Ontario, firm's first ...
October 8, 2004 Cominar Real Estate Investment Trust has paid C$30.5 million (US$24.4 million) to acquire a 170,221-square-foot building in downtown Montreal. The sales price represents a capitalization rate of 9.1 percent. The seven-story property on Viger Street, near the ...
September 16, 2004 Gordon Group Holdings plans to build a C$350 million retail and entertainment complex in the Montreal suburb of Mirabel, Quebec. The project – called Lac Mirabel – is expected to take three years to complete. Plans have ...
September 2, 2004 A joint venture led by Maui Land & Pineapple Co. (NYSE:MLP) has completed its purchase of the leasehold interest in the Kapalua Bay Hotel in Kapalua, Hawaii.Maui Land is a 51 percent joint venture partner in Kapalua ...
June 10, 2004 Dundee Real Estate Investment Trust (TSX:D) has agreed to buy portfolio of buildings in Technoparc Saint-Laurent, a technology park adjacent to Dorval International Airport in Montreal, Quebec.The Toronto REIT will pay C$63.6 million (US$46.8 million) for the ...
May 12, 2004 Cominar has acquired an office building in Laval, Quebec, for about C$28 million (US$20.2 million). The 157,000-square-foot building is fully leased to the Canadian government on a long-term basis. The Quebec City REIT expects that the acquisition ...
March 29, 2004 GMAC Commercial Mortgage Corp. has provided US$33 million to refinance the 605-room Hyatt Regency Montreal hotel.GMAC's Hospitality Industry Division, through its Canadian entity GMAC Commercial Mortgage of Canada Ltd., provided the floating-rate loan for the property, which ...
January 22, 2004 Northam Realty Advisors Ltd. has paid C$147 million (US$113.4 million) for Cite Multimedia, a seven-building office complex in Montreal, Quebec.The Toronto-based real estate firm bought the complex from a consortium that includes the Societe de developpement de ...
December 15, 2003 CNL Hospitality Properties Inc. has hired Hyatt Hotels Corp. to manage and reflag the hotel it just bought in downtown Montreal, Quebec. Chicago-based Hyatt is assuming management of the Wyndham Montreal, which will be renamed Hyatt Regency ...
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