Behind The Deal: Diamond, Tricon and RioCan
Join Forces On Summerhill Redevelopment
Diamond Corp, Tricon Capital Group and RioCan REIT are partnering on redevelopment of a one-acre site at Yonge and Price streets, just south of the landmark Summerhill LCBO. Stephen Diamond tells us more.
We snapped Stephen at Diamond's St. Clair East HQ last Friday, a day after closing the $85M deal. He explains it comprises two separate transactions. Diamond and Tricon paid $43M to acquire the under-utilized site just south of the LCBO from…
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More Toronto Deal Coverage
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It's Official: KingSett, AIMCo Take Half Of Scotia Plaza
KingSett Capital and AIMCo yesterday confirmed their acquisition of a 50% ownership interest in Scotia Plaza (plus 100 Yonge St) from Dream Office REIT and H&R REIT. KingSett and AIMCo took a 16.67% stake from Dream and will concurrently acquire H&R's 33.33%…
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RioCan, Plaza Retail REIT Form JV To Redevelop Ontario Malls
RioCan REIT and Plaza Retail REIT have formed a 50/50 JV to redevelop RioCan properties in Ontario (Cornwall's 177k SF Eastcourt Mall, seen above, and 159k SF Timiskaming Square in New Liskeard) and in New Brunswick (158k SF Northumberland Square).…
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These Office Markets Saw Double-Digit Rent Growth Over The Past Year
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5 Retailers On The Ropes
Amazon, of all companies, is bullish on brick-and-mortar—expanding into its third offline location. Here are some retailers that may not share Amazon's confidence (since the e-commerce giant has siphoned away their market share).
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