News

Quadreal, Mattamy Homes Kick off $6 Billion Project in Toronto

First Phase of Shopping Mall Redevelopment to Include Condo Tower The real estate arm of British Columbia's largest pension fund is joining with a large homebuilder in launching a $6 ... Read More

Dream Impact Sells Property in Toronto’s South Core for $23.7 Million

Purchaser Arkfield Sees Redevelopment Potential Near Waterfront Dream Impact Trust has sold a property in Toronto's South Core in a move to improve liquidity for the publicly traded company. TD ... Read More

First Capital Joins Growing Number of REITs Selling Assets To Increase Liquidity

Retail Landlord Agrees To Sell $66 Million in Assets Involving Two Properties in Toronto First Capital REIT, a retail real estate investment trust with $9.5 billion in assets, agreed to ... Read More

The Sky Is Not the Limit: New Flight Path MZOs Reduce Potential Height of Development in DT Toronto

On Friday, January 26, 2024, the Minister of Municipal Affairs and Housing issued a Ministerial Zoning Order (MZO), O. Reg. 10/24, reducing the heights of the protected air ambulance flight ... Read More

First Capital REIT Selling Four Properties for a Total of $184 Million

TORONTO - First Capital REIT says it has signed deals to sell four properties including the Hazelton Hotel in Toronto for a combined total of $184 million. The real estate ... Read More

Hazelton Hotel Part of First Capital’s $184M T.O., Montreal Asset Sales

Hennick & Company acquiring Toronto's Hazelton Hotel, ONE Restaurant as part of the divestments. With a recent proxy battle in the rearview mirror, First Capital REIT (FCR-UN-T) has returned to ... Read More

BAZIS Buys Midtown Toronto Property, Plans 41-Storey Tower

BAZIS has closed on the acquisition of a Yonge Street site in midtown Toronto where it has already submitted an application to construct a 41-storey mixed-use development. The Vaughan-based developer ... Read More

BAZIS Buys Midtown T.O. Plaza, Plans High-Rise Redevelopment

BAZIS has acquired a midtown Toronto strip mall property from an unnamed private vendor in a $37-million off-market deal. “In my opinion, the vendor probably realized that, with all the ... Read More