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Industry News

August 2010

• Multimillion-dollar plan to redevelop Kitchener Frame property - (Canada)
  
• Whiterock REIT Announces $44 Million Acquisition of Office Property in Downtown Ottawa - (Canada)
  
• Europe's ING Group sells Canadian properties at $1.3-billion discount
  
• Artis Announces $52.5 Million of New Acquisitions and $80.5 Million Equity Offering - (Canada)
  
• RioCan Real Estate Investment Trust Announces Firm Contracts on Two Walmart Anchored Shopping Centres in Canada
  
• Big-box competition forces malls to shape up - (Canada)
  
• Australia's Asian ties keep it booming
  
• Lease is no longer more under new accounting regime
  
• Glentel Sets Up Shop in the U.S. for US$50.45M
  
• Guelph must roll out the welcome mat to businesses, consultants advise - (Guelph, Canada)
  
• Height restriction decision on redevelopment of W.C. Wood site pleases Ward residents - (Guelph, Canada)
  
• Plans revealed for new $800M waterfront neighbourhood - (Toronto, Canada)
  
• Commercial transactions rise to $7.8B on better debt markets - (Canada)
  
• RioCan Real Estate Investment Trust Announces Firm Contract on Third Party Acquisitions Through Cedar Joint Venture - (U.S.)
  
• Wendy's/Arby's plans to build 180 restaurants in Russia
  
• Wind turbine factory to create 300 jobs - (Canada)
  
• Following three quarters of improvement, the optimism of Canadian commercial real estate leaders has declined slightly
  
• TREB Commercial REALTORS Report Monthly Commercial Figures - (Canada)
  
• Where to buy: Top 10 cities - (Canada)
  
• Allied Properties sets sights on Calgary market - (Canada)
  
• Timbercreek Real Estate Investment Trust (the "Fund") announces a proposed transaction to sell all of the outstanding units of the Fund - (Canada)
  
• Acklands-Grainger to build 117,000-square-foot facility in Saskatoon - (Canada)
  
• Cedar Shopping Centers completes $53M purchase - (U.S.)
  
• Morguard Corporation and Morguard REIT acquire office complex in Montreal - (Canada)
  
• Artis REIT targets expansion in Toronto area - (Canada)
  

July 2010

• Parking meters disappearing from downtown Guelph streets - (Guelph, Canada)
  
• Real Estate in emerging economies outperforms Western Europe
  
• European property market performance driven by income
  
• ProLogis signs three build-to-suit agreements in Europe
  
• European retail real estate investment doubles year-on-year to 10.6 bn (Euro) in H1 2010
  
• Home Sales Surpass Billion Dollar Mark In First Half Of 2010 - (Kitchener/Waterloo, Canada)
  
• Hypo Real Estate admits to $97.9B in exposure - (Germany)
  
• Deutsche Bank Shutting Commercial Real Estate Adviser Group
  
• Office vacancy rates hit five-year high, despite uptick in office jobs - (Canada)
  
• Bank of Canada interest rate unlikely to top 1% this year: report
  
• Pure Industrial Real Estate Trust Announces Sale Leaseback Agreement - (Edmonton, Canada)
  
• Black's introduces brand new retail concept to Toronto
  
• ICICI Bank creeps up on Bay Street - (Toronto, Canada)
  
• German lender fails stress test
  
• Loblaw opens first small model in-store pharmacy - (Ontario, Canada)
  
• Longo's set to open largest urban store - (Toronto, Canada)
  
• Bank of Canada Rate Announcement Will Have Little Effect on Real Estate Market
  
• Artis completes $133.4 million of previously announced acquisitions and announces new acquisitions of $50.5 million - (Canada)
  
• NorthWest Healthcare Properties Real Estate Investment Trust announces portfolio acquisition in the province of Quebec
  
• Marshalls discount stores coming to Canada
  
• Non-residential building climbs 1.2% - (Canada)
  
• BDO moves to the Bauer Buildings - 3 Locations in Waterloo Region - Waterloo, Kitchener and Cambridge - (Ontario, Canada)
  
• Global real estate investment doubles year on year to US$66 billion in Q2 2010
  
• Return to normality: confidence in the property markets stabilising - (Europe)
  
• Primaris Retail REIT to acquire Kingston, Ont. mall for $168 million - (Ontario, Canada)
  
• Walmart Canada unveils 100th Supercentre
  
• Fairlawn Plaza redevelopment approved by committee - (Ottawa, Canada)
  
• Big box stores to replace Willow West Mall - (Guelph, Canada)
  
• Apartment construction boosts housing starts - (Waterloo Region, Canada)
  
• Skyline Grows Again: Expanding their London (Ontario) Multi-Residential Portfolio Now Makes them Canada's 7th Largest Private Landlord
  
• Calgary Tower now Canada's 2nd tallest
  
• Crombie REIT signs $102-million deal for 11 properties across Canada
  
• OMERS and Caisse in property swap - (Canada)
  
• China's ICBC bank launches operations in Canada
  
• TREB Commercial REALTORS Report Monthly Commercial Figures
  
• Caisse's SITQ sells real estate subsidiary - (Canada)
  
• Real estate market stalls as ING retreats with sale - (Canada)
  
• Kitchener cracker maker acquired by St. Louis firm - (Ontario, Canada)
  

June 2010

• Maturing European logistics property market increasingly attractive to institutional investors
  
• Real estate sentiment as buoyant as before the credit crunch - (Germany)
  
• Deconstructing a year in Canada's retail industry
  
• Retail sales drop 2% in April - (Canada)
  
• Increases in (CRE) transparency slow globally
  
• EU reaches 5.2 million (Hotel) rooms
  
• Canadian and Saudi firms to create first global real estate securities exchange
  
• Ontario's 2011 rent guideline set at less than one per cent; lowest in 35 years
  
• Waterloo Region courts coming together under one roof - (Ontario, Canada)
  
• Whiterock REIT Completes Transaction to Add $147 Million Portfolio of Office Properties in GTA - (Ontario, Canada)
  
• Uptown nears completion as Island's largest shopping centre - (British Columbia, Canada)
  
• Luggage maker expands production at Cambridge (Ontario, Canada) plant
  
• Patrizia buys residential real estate for over 125 million Euro - (Germany)
  
• TD cooks up burger joint plan for new U.S. outlets
  
• GE Capital To Cut $30 Bil.-$40 Bil. in (Commercial) Real Estate - (U.S.)
  
• Kimco/Israeli Group To Invest $422M in Retail Portfolio - (U.S.)
  
• Walmart bank starts with lone product - (Canada)
  
• CMHC: National Rental Vacancy Rate Edges Higher - (Canada)
  
• Toronto Eaton Centre set for $120-million upgrade
  
• First downtown highrise since 1990 'tops off' at 490 feet - (Edmonton, Alberta)
  
• The long and short of real estate investing - (Canada)
  
• Movie Gallery closes 131 video rental stores in Canada
  
• Hanlon Creek Business Park's second phase to get underway - (Guelph, Ontario)
  
• At the Core: Downtown dreams hinge on population growth - (Guelph, Ontario)
  
• Brownfield Redevelopment Planned in Toronto, Montreal, and Guelph - (Canada)
  
• Wells Fargo Canada shuts branches
  
• Xceed Announces New CMB Aggregator Relationship - (Canada)
  
• Killam Properties Inc. announces continued Ontario expansion with the acquistion of two luxury apartment buildings in Cambridge, Ontario
  
• Rexdale braces for a boom - (Toronto)
  
• At the Core: A list of capital projects planned for Guelphs downtown - (Ontario)
  
• Stone Road Mall Toys 'R' Us store opens - (Guelph, Ontario)
  
• Strong job growth pushes Waterloo Region's unemployment rate down to 8.2 per cent - (Canada)
  
• RioCan targets Texas for U.S. growth
  
• Optimism in the Real Estate Industry is losing momentum - (Germany)
  
• Lehman Brothers Sells Real Estate Funds Business to Ex-Managers - (U.S.)
  
• TREB Commercial REALTORS Report Monthly Commercial Figures - (Toronto)
  
• A&W continues roll-out of Multi-Site Development Program - (Canada)
  
• Plazacorp announces five new developments - (Canada)
  
• Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market
  
• Altus Group Announces Acquisition of US-Based Property Tax Company
  

May 2010

• Early numbers indicate budget deficit will be $47 billion for fiscal year - (Canada)
  
• Toys R Us to go public again
  
• Killam Properties Inc. continues to expand its Atlantic Canadian portfolio with the acquisition of three quality apartment buildings
  
• Whiterock REIT Announces Agreement to Add $147 Million Portfolio of Office Properties in GTA and $34 Million Public Equity Offering
  
• Commercial Real Estate Vacancies to Peak Near Early 2011 - (U.S.)
  
• Canadian Invasion: Investors Keen on in Manhattan Real Estate
  
• What's going on with 10 major projects around the GTA
  
• Toronto investment company buys three blocks for $100M
  
• Inflation jumps to 1.8 per cent in April - (Canada)
  
• Retail sales increase for fourth straight month in March, StatsCan says - (Canada)
  
• London's West End world's most expensive office market - (UK)
  
• Pure Industrial REIT buys three Alberta properties for $15 million
  
• RioCan Real Estate Investment Trust Announces Agreement With Inland Western Retail REIT to Acquire Eight Retail Properties in Texas
  
• Asian mall set to be largest in North America
  
• Chartwell Completes Acquisition of Remaining 50% Ownership Interests in US Retirement Portfolio
  
• Tim Hortons to build distribution centre in Kingston, Ontario
  
• Tim Hortons plans to go global in next four years
  
• Perceptions of current conditions continue to strengthen, Some Canadian investment real estate executives express concern over weak fundamentals
  
• Hanlon Creek development to proceed as salamander study comes up empty - (Guelph, Ontario)
  
• Sobeys tests new discount food stores
  
• Plan to expand city on GTA farmland to go ahead
  
• RioCan REIT to invest US$42.4M in Pennsylvania retail centre joint venture
  
• Income trumps all - REIT IPOs - (Canada)
  
• Australia overtakes Canada to top world real estate activity
  
• Rising mortgage rates, rising trouble - (Canada)
  
• Dundee buys $11.1M St. Laurent industrial property - (Ottawa)
  
• TransGlobe Apartment REIT Prices $247.3 Million Initial Public Offering - (Canada)
  
• CPP Investment Board Adds Two Prime Manhattan Assets Valued At Over US$1.45 billion To Real Estate Portfolio
  
• Waterloo Region gains 4,600 jobs in April as Canadian economy moves into high gear
  
• Groundbreaking planned for $13 million arena-community centre north of Ayr - (Ontario)
  
• Artis completes $84.5 million of previously announced acquisitions - (Canada)
  
• Morguard REIT acquires 50% interest in enclosed regional shopping centre in Grande Prairie, Alberta
  
• Hotel industry hard hit by recession - (Canada)
  
• Investors keen on Vancouver's commercial property
  
• U.S. REITs Keep on Rising; Up Almost 7 Percent in April
  
• Loblaw plans drugstore expansion - (Canada)
  
• Canadian real estate investment poised for rebound
  
• "The Big" 5 markets account for 80% of Retail Investment in Europe in Q1 2010
  
• RioCan to develop next phase of Innes/Belcourt shopping centre in 2011 - (Orleans, Ontario)
  
• HST arrives in Ontario and B.C.
  
• The Myth of High Inventory in New Housing in the GTA - (Toronto)
  
• Leons to anchor Willow West Mall - (Guelph, Ontario)
  

April 2010

• Manhattan Office with Maturing Debt Sells for 44% Less than in 2007
  
• "Hamburger Meile" in Hamburg: Premiere for one of Europes longest shopping malls - (Germany)
  
• Pure Industrial Real Estate Trust announces $41.6 million of property acquisitions and $20.3 million equity financing - (Canada)
  
• First Canadian Place gets 72-storey facelift - (Toronto)
  
• Australia Tightens Foreign Property Ownership Rules
  
• Retail sales rise 3rd straight month - (Canada)
  
• Korea Pension to Buy Berlin (Germany) Building for $768 Million
  
• Killam Properties Inc. announces its entry into the Ontario apartment market
  
• Construction Starts at Aura - Canada's Tallest Condo - (Toronto)
  
• Inflation eases in March, gives central bank (Canada) more wiggle room
  
• Canada Pension Plan buys stake in U.S. malls
  
• Sales down, optimism up in property market - (Canada)
  
• Fate of Ward's Wood property falls under downtown plan - (Guelph, Ontario)
  
• Bank of Canada maintains overnight rate target at 1/4 per cent; removes conditional commitment
  
• Foreigners continue to buy Canada
  
• U.S. regulators seize eight banks
  
• U.S. government mulls luring foreign property owners
  
• New Mortgage Rules Start Today - (Canada)
  
• Battle of the heavyweights looms - (Canada)
  
• Investment in non-residential building construction - First quarter 2010 - (Canada)
  
• Foreclosures in U.S. surge to record high
  
• Victoria's Secret grows in Canada
  
• Nortel campus hits the auction block - (Ottawa)
  
• Canadian Tire rolls out new growth strategy
  
• Ontario leads country in retail sales increase
  
• Countdown To The New Rental Rules - (Canada)
  
• Short-term debt market still falling - (Canada)
  
• Morgan Stanley Property Fund Faces $5.4 Billion Loss
  
• Canadian banks raise rates as finance costs rise
  
• LaSalle raises $230 mln for Canadian properties
  
• Renters to get HST break - (Ontario)
  
• National (CRE) Distress Hits $187B - (U.S.)
  
• Back off mortgage market, Waugh warns
  
• TransGlobe aims to raise $250M in IPO
  
• Homburg Invest plans Canadian REIT spinoff
  
• Canadian Tire to focus on core retail business
  
• Local group looks at new downtown Kitchener retail strategy
  
• Green building a way of life for Kitchener, Ontario developer
  
• Euro zone retail sales drop
  
• Ontario's new rules will cripple independent pharmacies: Analyst
  
• Couche-Tards big U.S. bid rejected
  
• GTA Commercial REALTORS Release Commercial Market Report
  
• Dark reality for Canada's convenience stores
  
• Canadian Tire To Build and Operate 23 Fuel and Convenience Store Locations Along Highways 400 and 401 in Ontario
  
• Kuwait Finance House establishes a joint venture with Killam Properties Inc.
  
• New rules for rental properties could squeeze first-time homebuyers
  

March 2010

• Hanlon Creek Business Park foes file legal defence - (Guelph)
  
• Canadian REITs Poised To Continue Growth
  
• Half of Commercial Mortgages to Be Underwater: Warren - (U.S.)
  
• Onex eyes U.S. commercial real estate
  
• Banks bump up mortgage rates - (Canada)
  
• $450-million hotel-casino complex announced for False Creek - (Vancouver)
  
• Zellers' replacement at Willow West still a question mark - (Guelph)
  
• New Wood property owners approved for tax breaks, grant - (Guelph)
  
• Posh future in store for province's retailers - (Alberta)
  
• Corio to Buy Four (European) Shopping Malls From Multi for $883 Million
  
• Crombie REIT announces completion of acquisition of three portfolio properties
  
• International investors snap up $1.6-billion in Canadian mortgage bonds
  
• Canada recovering, but growth to be modest over next two years, TD Bank says
  
• Sizing Up Property, Mall Stores Try to Shrink
  
• Waste Management buys Cambridge (Ontario) plant
  
• Dump truck manufacturer laying off 80 workers - (Guelph, Ontario)
  
• Foreign investors flock to Canada
  
• Cash-flush Brookfield set to pounce
  
• Lehman files plan to end bankruptcy, create new company
  
• ING property fund targets $2 bln of European malls
  
• Pacific Mall plan would double size, add hotel - (Ontario)
  
• Lid blowing off plans for B.C. Place: Casino to anchor mega-complex?
  
• Waterloo Region's jobless rate rises to 10.1 per cent
  
• New legislation to give credit unions more growth options
  
• Tim Horton's to launch upscale restaurants
  
• New mortgage provider on the block - (Canada)
  
• REITs leading real estate out of global financial downturn
  
• Commercial Real Estate Owners Beginning To Walk Away From Properties - (U.S.)
  
• Business owners eye U.S. real estate investments
  
• Refit for a King of hotels - (Toronto)
  
• Entertainment Properties Trust Completes Acquisition of the Toronto Dundas Square Project and Related Financing
  
• USA Property Investment Advice Site
  
• Stimulus spending tap shuts off March 2011
  
• A plan to save commercial real estate - (U.S.)
  
• Wind farm faces opposition - (Wellington County)
  
• Consumer bankruptcies soar in Waterloo Region and Guelph
  
• Pure Industrial Real Estate Trust Closes $39.3 Million of Previously Announced Acquisitions
  
• Killam expanding its portfolio
  
• Capital availability reinvigorates Canadian real estate investment
  
• Tim Hortons to open 900 new North American stores
  
• Lanesborough REIT completes sale of two Winnipeg properties for $19.17 million
  
• BPO Properties Proposes Conversion to Canadian REIT (Update1)
  
• Massive reno holding on to bits of (Maple Leaf) Gardens' glory
  
  

February 2010

• Greater Toronto Area commercial real estate investment activity falls to decade low despite second-half rally
  
• Cash talks, tenants walk from Wyndham Street apartments - (Guelph)
  
• Farbridge says she'll run again - (Guelph)
  
• City and Belmont Equity take next step in legal action relating to Hanlon Creek Business Park - (Guelph)
  
• Bernanke Stresses Need for Low Rates - (U.S.)
  
• 100 Acres to be levelled in Lawrence Heights - (Toronto)
  
• Ontario to regulate retirement homes
  
• Artis REIT announces a $50.0 million equity financing and $115.3 million of properties under contract
  
• BPO Properties Proposes to Convert to Pre-Eminent Canadian Office REIT
  
• Development charges a concern for developers
  
• Realtors give commercial real estate outlook - (U.S.)
  
• REIT IPOs worth $500M on the way - (TransGlobe)
  
• Wal-Mart to expand Canadian supercentres
  
• Empty offices fuel losses - (Calgary)
  
• Laura Secord back in Canadian hands
  
• Caisse's real estate division looking for foreign financial partners
  
• What Developers Should Know About New Brownfield Regs
  
• Whiterock REIT Completes Acquisition of Interest in $214 Million Portfolio of Office Properties in the GTA
  
• Big banks may have got what they wanted
  
• Simon Offers $10 Billion for General Growth
  
• Ottawa toughens mortgage rules
  
• Two chain restaurants close in Guelph
  
• City (Guelph), province (Ontario) close to understanding on east-end lands
  
• Looking at the Future of York District Lands
  
• NWP REIT goes public ... finally
  
• Brookfield Real Estate Opportunity Fund Announces Acquisition of 16-Property, 2.9-Million Sq. Ft. Portfolio from JPMorgan Chase
  
• Ottawa warned against altering mortgage rules
  
• Canadian acquisition of U.S. property grows with continued bargains and new safe purchase options
  
• RioCan earmarks C$500 mln for 2010 acquisitions
  
• Housing starts rise in January - (Waterloo Region)
  
• Banks urge Ottawa to tighten mortgage rules
  
• Waterloo Region's jobless rate jumps to 9.9 per cent while national rate dips
  
• W.C. Wood property sold to Toronto private equity fund
  
• Vincenzo would be proud as the region's best-known specialty food shop grows . . . again
  
• Pure Industrial Real Estate Trust announces $42.1 million of acquisitions and $21.6 million private placement financing
  
• Non-residential intentions lead as building permits rise in December: StatsCan
  
• 1 Bloor East (Toronto) will rise again, this time to 67 storeys
  
• Artis announces $27.7 million BC retail acquisition and closes $72.0 million of previously announced properties
  
• Lanesborough REIT announces sale of Winnipeg property
  

January 2010

Retail Real Estate investment up almost 60% in Europe in Q4 2009

H&R REIT pays back Fairfax

Intrawest sells another resort

Citi mulling sale of real estate unit - report

GDP numbers show Canadian and U.S. economies are growing faster than expected

Waterloo Region's economy poised for strong growth

Cambridge city taxes set to increase 2.7 per cent in 2010

Manhattan complexes turned over to creditors

U.K. Commercial Property Sales Double as Funds Resume Buying

Distressed investors target real estate

2009 a "painful transition" for Canada's Caisse

Whiterock REIT to buy $214M portfolio of office properties in Toronto area

Blame it on the weather

A&W opens 22 new restaurants in 2009

REITS expected to return 10-15% in 2010

Hammond Power to expand workforce after $1.5M stimulus boost

Technology sector 'emerging in Guelph,' conference hears

City (Guelph) proposing to sever joint committees with county (Wellington)

Hypo Real Estate plans 210 bln eur "bad bank"

Five reasons REITs are sitting pretty for a breakout year

Cash-laden trusts lift commercial real estate

Canadian construction material costs still negative

Intrawest up the hill without any skis?

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

Laura Canada announces acquisition of Liz Claiborne retail locations

Investors park cash in Canada

Cominar REIT to acquire Overland Realty

Europe's retailers brace for sluggish year

Foreign Investors in Real Estate Pledge Allegiance to U.S.

Toronto commercial real estate sinks

Silvercreek development gets OMB approval (Guelph)

Construction set to begin on solar farm in Sault Ste. Marie, Ontario

Collingwood's shipyards come back to life

Commercial real estate still hurting (Canada)

For Canadian cities, big isn't always best

(GTA) Landlords drop rents on commercial space

Decisions loom in two local municipal board hearings

Canada's Technology Triangle moving to downtown Kitchener

December job creation disappoints, but unemployment rate unchanged at 8.5 per cent

Dollarama expected to grow store count

Restaurants feel pain of recession

U.S. strip mall vacancy hits 18-year high

Ontario teachers' plan buys Canadian AIG unit

Ivanhoe Cambridge ranks among 50 Best Employers in Canada six years running

Dubai opens world's tallest building

Flush RioCan ready to brave U.S. expansion


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