News
Quadreal, Mattamy Homes Kick off $6 Billion Project in Toronto
September 3, 2024
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
August 27, 2024
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
August 1, 2024
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
January 26, 2024
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
April 11, 2023
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
April 11, 2023
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
October 31, 2022
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
September 9, 2021
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