Behind The Deal: Jacksonville Jaguars CEO Buys Toronto's Four Seasons Hotel
Jacksonville Jaguars CEO Shahid Khan has bought the 259-room Four Seasons Hotel for $225M, Canada's largest-ever single-asset price-per-room deal and a strong signal of TO's arrival as a legit luxury hotel market.
It's the first hotel buy for Shahid, founder of auto equipment supplier Flex-N-Gate Group and owner of London's Fulham Football Club. He acquired the Four Seasons from an affiliate of Kingdom Holding Co, chaired by Saudi Arabia's Prince Alwaleed Bin…
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Crown Realty Acquires 2233 Argentia Road In Meadowvale
Crown Realty Partners has purchased 2233 Argentia Road, a four-storey, 146k SF office in Meadowvale Business Park, from LaSalle Investment Management for $30.75M. The LEED Gold property—tenants include Brinks, Expedia and Regus—was BOMA Outstanding Building of the Year (TOBY) and National Outstanding Building of…
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Elad Canada Pays $36M For Stake In Agellan Commercial REIT
Elad Canada is set to acquire a 13.4% interest in Agellan Commercial REIT, a Toronto-based trust that owns/operates a 5M SF portfolio of 33 industrial, office and retail properties across North America. Approximately 3.74 million units of the REIT will be…
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TMX Group Takes 44k SF At Cadillac Fairview's Deloitte Tower
TMX Group has inked a long-term lease deal with Cadillac Fairview to relocate the Montréal Exchange at Deloitte Tower in 2018, taking 44k SF on two floors of the 26-storey LEED Platinum office building. The city's first new privately owned…
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Toronto's Onex May Buy Discount Retailer Save-A-Lot For $1.8B
Minneapolis-based Supervalu Inc's subsidiary discount chain Save-A-Lot may soon be acquired by private equity firm Onex Corp.
Supervalu's shares jumped 9.6% Thursday following the news, Bloomberg reports. Toronto-based Onex was said to have made the highest bid for Save-A-Lot, which…
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These S&P 500 Stocks Jumped At Least 20% In Q3
Investors are betting on these five companies, which caused shares to jump more than 20% this past quarter. Some stocks are even surging despite sluggish same-store sales and concerns regarding e-commerce competition.
Of the 49 S&P 500 stocks that MarketWatch reported rose by 20% in Q3 as of Sept. 30, these five retailers made the cut.
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SiteZeus Wants To Make Location Search Faster, Cheaper And Easier
Real estate is a laggard when it comes to adapting to change, says SiteZeus EVP of product development Chuck Cooper. He arrived at this conclusion after more than 30 years of developing software for real estate and other industries. Now, his Tampa, FL-based company, founded by brothers Hannibal and Keenan Baldwin in 2014, wants to help industry players find ideal locations to choose from by crunching large amounts of statistical data.
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