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Malls are dying? You would not know it in Toronto, where malls like Woodbine, the CF Toronto Eaton Centre and CF Sherway Gardens continue to expand and adapt to the ever-changing consumer market. 
“The bricks-and-mortar retail experience is not going away,” said Senior Vice President of Development Finley McEwen of Cadillac Fairview, which owns CF Sherway Gardens. “CF is well-positioned to adapt to changing consumer behaviours and patterns and has a dynamic approach…
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Canadians Are Now The Largest Cross-Border Investors In U.S. Real EstateCanada is now the largest cross-border investor in America's property market. Canadian investors ramped up their pace of U.S. property acquisitions in the first half of the year while Chinese investment waned, RCA Analytics reports. 
Canadian investment amounted to $5.2B in acquisitions and accounted for an estimated 30% of the foreign investment activity in the U.S. in the first half of the year, according to a JLL report. Approximately one-third of these investments went toward…
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Canadian Investor Buys 343K SF Suburban Chicago Industrial Portfolio
A large north suburban Chicago campus has changed hands. Avison Young and Cushman & Wakefield brokered the sale of a 343K SF property at 2200 and 2300 Norman Drive in Waukegan to a Canadian institutional firm. The sale price and buyer were…
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Cannabis Culture Store Tokyo Smoke To Add 9 New Canadian Outlets
The coffee and cannabis culture retailer Tokyo Smoke plans to add nine new stores in Canada, including two in Toronto, over the next two years. The store, which offers coffee, clothing and designer products catered to the cannabis aficionado, will add…
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Ten-X Partners With Financier To Underwrite Loans For Qualifying Properties Prior To AuctionOnline real estate marketplace Ten-X has partnered with a financier to pre-arrange loans for qualifying properties for sale through its platform. The Irvine, California-based company's leaders hope the deal will boost the number of buyers that use the site. Through the partnership with tech-enabled lender Money360, buyers on Ten-X will be able to streamline the financing process by sourcing pre-arranged loans for properties they are interested in acquiring. As the virtual auctions commence, buyers will know ahead of time whether the properties they are interested in bidding on qualify for financing. |
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Aging Boomers Could Drive Demand For Medical Office Buildings Through 2055As baby boomers, once America's largest living generation, continue to age, demand for medical office space is growing with them. The medical office building sector has seen an increase in investor interest this year due in part to the number of baby boomers who require more medical services. U.S. medical office building vacancy rates have been decreasing for the last seven years and are now sitting at 8% thanks to strong Q1 absorption that continued to outpace completions this year, CBRE reports. Based on these findings, investors have become increasingly confident in the need for in-office physician services in the coming years, pushing investment in MOBs nationwide to $9.9B as of Q1 with cap rates at record lows of 6.8%, CBRE reports. |
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