Government Agency Relocating D.C. Offices, Taking Less Space
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400,000-SF Industrial Project Planned for Silver Spring, Md.
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June 17, 2003 Alexis Nihon Real Estate Investment Trust (NYSE:AN.UN) plans to redevelop about 130,000 square feet at Centre Laval, one of the Montreal, Quebec, REIT's flagship properties. The project will expand the center by roughly 30,000 sf. The C$11 ...
May 28, 2003 The GazetteCit? Multim?dia, a group of office buildings in Old Montreal totaling 970,000 square feet, is for sale. Industry sources estimate the asking price at C$150 million (US$108 million) and predict the buildings, which can be sold ...
April 16, 2003 Cornerstone Real Estate Advisers Inc. has sold the Renaissance Montr?al Hotel in Montreal, Quebec, to McGill University for an undisclosed sum. The university, which first approached about buying the hotel, plans to convert the 459-unit property at ...
May 6, 2002 CALGARY – Boardwalk Equities Inc., a large Canadian owner of apartment properties, has paid C$180.2 million (US$115.2 million) for a portfolio of 3,100 units outside of Montreal's downtown.The properties, on Nunss Island, are comprised of 59 buildings ...
February 1, 2002 TORONTO – First Capital Realty (TSE:FCR) has completed its purchase of six shopping centers from Ivanhoe Cambridge for about C$58 million (US$36 million).Of the C$58 million, First Capital placed a C$27.4 million, 10-year fixed-rate mortgage on four ...
January 15, 2002 MONTREAL, Quebec – First Capital Realty (TSE:FCR) is buying a portfolio of six shopping centers from Ivanhoe Cambridge for about C$58 million (US$36.3 million).The transaction, which comprises 800,000 square feet, is expected to close Jan. 31.The centers ...
November 2, 2001 MONTREAL – BCE Inc. has put its landmark tower at 1000 de la Gauchetiere on the market, and local players estimate the 43-story tower could fetch about C$250 million (US$157.1 million), according to the Montreal Gazette.That's what ...
October 30, 2001 TORONTO – Retirement Residences REIT has agreed to sell 3.45 million units to a syndicate of underwriters for C$11.75 each to raise gross proceeds of C$40.5 million (US$25.7 million).The company will use the proceeds to pay the ...
August 17, 2001 MONTREAL – Cominar Real Estate Investment Trust (TSE:CUF) has agreed to buy a 175,060-square- foot office building under construction.The REIT is paying about C$32 million(US$20.7 million) for the eight-story building at 8500 D?carie Blvd. The project is ...
May 25, 2001 MONTREAL – Canadian Real Estate Investment Trust (TSE:KO) has acquired a 328,000-square-foot, Class-A office building in downtown Montreal for C$36 million (US$23.3 million).The US$71/sf price represents an initial unleveraged yield of 9.4 percent, the REIT said.The 23-story ...
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