Behind The Deal: Canada's Largest
Multifamily Development In Decades
Ottawa's Lépine Corp. just closed on the sale of Canada's largest apartment development in 40 years, a $246M, six-building transaction in Kanata that the project team claims is one of the biggest multifamily deals in the nation's history.
William's Court at Kanata Lakes, which broke ground in 2010 on a five-acre site, has 739 units in five high-end rental buildings, two retail spaces and a recreation centre. The community was acquired by Killam Apartment REIT and KingSett Capital.…
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Slate Office REIT Buys West Metro Corporate Centre From Dream
Slate Office REIT has acquired West Metro Corporate Centre, a three-building complex at 185, 191 and 195 The West Mall in Etobicoke, from Dream Office REIT. The 616K SF campus is 93% occupied; anchors are SNC-Lavalin and Bank of Nova…
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No Takers For Toronto's Trump Tower
Toronto's Trump International Hotel & Tower, which went on the block in January with bids starting at $298M, received no offers by the initial deadline, Reuters reports. Receiver FTI Consulting Canada, via CBRE, is handling the sale of the 65-storey building's…
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Big-Box Industrial Broke Records In 2016: Here's How The 6 Major U.S. Markets Fared
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CRE Experts Give Forecast On 1031 Exchanges Under Trump Administration
A popular real estate investment vehicle could be in jeopardy under Republican-led tax reform.
The “like-kind” or 1031 exchange was introduced in the 1920s to soften the tax burden on farmers looking to swap land. The rationale went something like this: If a taxpayer receives nothing in the transaction to pay taxes on (it is tied up in the new property), no tax should be owed. It has since morphed into a way for businesses like airlines to save millions by trading in older assets for something newer.
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The 7 Things You Need To Know About Real Estate's Most Exclusive Membership
Do you belong at Ascent?
Ascent is a curated membership that gathers the nation's top commercial real estate principals; building bonds through shared experience and provocative discussion.
It is an invite-only membership, focused on deal-making and relationship building. The goal is to connect and inspire the next generation of leaders in commercial real estate under the age of 45(ish). Ascent organizes a biannual East and West Coast 2.5-day gathering of 200 national players, and hosts 50+ local cocktails, dinners, and unique experiential events across the country that help connect our members to people in their local markets.
Read the full story and learn more about becoming a member here. |
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