Canada Pension Plan Investment Board and Dream have completed the C$585.8 million purchase of five industrial properties in the Greater Toronto Area, adding 2.1 million square feet of recently developed logistics space to their joint real estate investment...
Allied Properties Real Estate Investment Trust is cutting its monthly distribution by 90%, an unusually steep reduction that makes the Toronto office landlord’s balance-sheet repair the immediate priority even as leasing conditions improve. The trust’s...
BTB Real Estate Investment Trust has acquired a single-tenant industrial building in Acheson, Alberta, for C$18.75 million, excluding closing adjustments and transaction expenses. The purchase, announced October 14, marks the Montreal-based trust’s second...
The historic Gateway Hotel in El Paso, Texas, has been temporarily closed by a state judge amid accusations that the property’s owner enabled the Venezuelan criminal gang Tren de Aragua to operate from its premises. The El Paso Times reported Judge Maria Salas-Mendoza...
Plaza Retail REIT (TSX: PLZ.UN), a real estate investment trust and retail property owner and developer focused on Ontario, Quebec and Atlantic Canada, announced the appointment of Jason Parravano as chief operating officer (COO), effective Jan. 8, 2024. Parravano is...
Starwood Property Trust Posts $390 Million Loss as Credit Provisions Rise
