Behind The Deal: Cabbagetown Medical Property Sells For $5.9M
The Filipino Centre Toronto has sold 595-601 Parliament St. for $5.9M. Marcus & Millichap's Amir Nourbakhsh, the deal broker, said better management of the aging two-storey office-retail property will unlock its true value.
The medical complex — developed in the 1970s to serve outpatients from area hospitals that have since closed, taking doctors and other healthcare professionals and support services with them — was purchased by a local investor who owns several other…
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Oxford Launches Upper Canada Mall Redevelopment
Oxford Properties Group has launched the redevelopment and expansion of the former Target space at Upper Canada Mall, with a new 64k SF Sport Chek and 40k SF food market coming to the Newmarket shopping centre in 2018. The food market…
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Ivanhoé Cambridge Partners With Piramal On Indian Residential Developments
Ivanhoé Cambridge and Piramal Enterprises (the group behind Piramal Aranya Byculla in Mumbai, above) have formed a partnership to provide long-term equity capital to blue chip residential developers in that country's five major cities: Mumbai, Delhi, Bangalore, Pune and Chennai.…
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CRE Valuations Rebound From Slow Start To The Year, With Multifamily Pricing Gains Taking The Lead
Despite the Federal Reserve's concerns about rising commercial real estate prices, research shows U.S. commercial valuations rose a mere 0.2% in February.
That is a minor increase in commercial pricing compared to January, when pricing remained flat, according to Ten-X's CRE Nowcast.
Of the five property sectors, multifamily saw the strongest growth month-to-month, with pricing up 1.4% in February thanks to healthy fundamentals despite the onslaught of high-end supply expected this year.
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Repeal And Replace, But Not Wait And See, For Healthcare Expansion
For the second time in six years, the entire healthcare industry is bracing for sweeping nationwide change. But this time, systems are not slowing their real estate expansion.
President Donald Trump is pushing to repeal the Affordable Care Act, leaving uncertainty about the new administration's plans for a replacement.
But that has not stopped activity.
"One of the interesting trends from the potential of repeal and replace is that we haven't seen much of a slowdown,” Johnson said. "Healthcare systems know the landscape and playing field, they're moving forward. There's still a lot of capital being deployed."
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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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