• FAM REIT Announces Name Change to Slate Office REIT

     FAM REIT Announces Name Change to Slate Office REIT, 2015 Strategy Update and Fourth Quarter and Fiscal 2014 Results

    Key Highlights
    Slate Asset Management LP ("Slate") assumed management of the REIT on November 4
    Completed the transformational acquisition of 7 office properties (the "Acquired Properties") in the Greater Toronto Area("GTA") on December 17 as a first step in the REIT's repositioning to an office focused vehicle
    Increase in gross leasable area of 1.1 million square feet or 57.1% since September 2014
    Funds from Operations ("FFO") was $0.01 per unit for the three months ended December 31, 2014 After adjusting for a$0.07 per unit ($1.1 million) non-cash fair value loss on an interest rate swap and $0.08 per unit ($1.4 million) related to Special Committee related expenses, FFO was $0.16 per unit
    Subsequent to the quarter end, the REIT appointed Scott Antoniak as its new Chief Executive Officer and Brian Moncikas its new Chief Financial Officer
    Planned name change to "Slate Office REIT"

    March 13, 2015

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  • Nordstrom Opens Doors At Rideau Centre In Ottawa

     Leading fashion specialty retailer Nordstrom, Inc.  opened the doors to its new store at Rideau Centre in Ottawa, Ontario today, the company's second international location. The 157,000 square-foot store offers customers five shoe departments, a bistro-style restaurant called Bazille, an espresso bar, expansive cosmetics and accessories areas and a comprehensive offering of popular brand names for women, men and children.

    March 13, 2015

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  • Square One and Canadian Artists Young & Giroux Unveil 40 Foot Art Installation, Lambent

     Oxford Properties proudly unveiled Lambent, a striking public art installation suspended in Square One Shopping Centre's Food Central, the centre's fully renovated and expanded upscale food court. Created by award winning artists Daniel Young and Christian Giroux, Lambent affirms Oxford Properties' commitment to supporting public art, local talent and providing an elevated shopping experience.

    March 13, 2015

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  • HINES GLOBAL REIT ACQUIRES THE SUMMIT IN BELLEVUE, WA

      Hines Global REIT, Inc. has acquired The Summit, a portfolio of two Class A office towers (Summit I and Summit II) located in Bellevue, Washington from Ivanhoe Cambridge.  The portfolio totals 524,130 square feet and also includes a 43,413-square-foot development site (Summit III) that is fully entitled for 330,409 square feet of additional office space. 

    March 13, 2015

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  • River Point signs Mead Johnson Nutrition as tenant

    Ivanhoé Cambridge and co-investor and developer Hines, announced that Mead Johnson, a global leader in pediatric nutrition, has signed a lease to relocate its corporate headquarters to River Point, at the corner of Lake and Canal Streets in Chicago's West Loop area. 

    March 13, 2015

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  • Sid Lee - A millennial explains millennials

     

    Every generation comes of age with different perspectives than the one before it. And while it’s dangerous to assume isolated movements or pockets of change are the same across a generation, it is clear there are some profound differences in...

    March 13, 2015

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  • Waterfront Toronto and Menkes Launch Waterfront Innovation Centre

     Waterfront Toronto and Menkes Developments Ltd.  announce the launch of an innovation centre which will bring more than 2,000 employees to Toronto's waterfront. This cutting-edge workplace represents the next evolution in commercial office development and will reinvent how employees work together in Toronto's rapidly evolving creative and technology sectors – including advanced visualization and interactive digital media, film and TV production.

    February 6, 2015

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  • Ivanhoé Cambridge announces LEED® Gold certification for Bentall Centre Tower IV in Vancouver

    Bentall Tower IV, part of the Bentall Centre office complex in Vancouver, British Columbia, has been certified LEED® Gold in the "Existing Building: Operations & Maintenance" (EB:O&M) category by the Canada Green Building Council.

    February 5, 2015

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  • RioCan REIT Appoint Cynthia Devine as Chief Financial Officer

     RioCan Real Estate Investment Trust  announced that it has appointed Cynthia Devine as Chief Financial Officer of RioCan effective March 16, 2015.

    "Ms. Devine is a recognized and highly respected business leader in Canada. In addition to her financial acumen, her experience with Tim Hortons provides her with an excellent background and unique understanding of our tenant's operations and retailers' concerns," said Edward Sonshine, Chief Executive Officer of RioCan. "We are very pleased that Cynthia has agreed to join RioCan, and look forward to her becoming a senior member of the RioCan team."

    February 4, 2015

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  • Focus on Macro Risks as Political Uncertainty Spreads

     

     Investors in European real estate are being urged to sharpen their focus on the growing range of macro risk factors impacting the region in order to take advantage of real growth potential in the real estate markets; according to a new report – ‘Capital Views: Risk v Opportunity’ – published today by global real estate adviser Cushman & Wakefield.

     

    February 4, 2015

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  • Wayne L. Jacobs to Leave Allied

    Wayne L. Jacobs, Executive Vice President, Acquisitions and Asset Management, has made the decision to leave Allied to pursue a career opportunity with a private equity firm based in Vancouver. He will remain with Allied for a period of time to assist in the transition of his responsibilities.

    February 2, 2015

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  • BOMBAY SAPPHIRE® Distillery at Laverstoke Mill receives 2014 BREEAM Industrial Award for Sustainable Craftsmanship

     If walls could talk at the BOMBAY SAPPHIRE® Distillery at Laverstoke Mill, they'd tell you that they once served the British Empire, that years of disuse did not diminish their architectural beauty, and that they now house one of the most forward-thinking, sustainable gin brands in the world, within.

    February 2, 2015

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  • CPPIB to Invest A$525 Million in Australian Infrastructure

     Canada Pension Plan Investment Board (CPPIB)  will invest A$525 million in the Australian infrastructure sector. A consortium comprising CPPIB, Transurban Group and Queensland Investment Corporation (QIC), will build and operate a new tolled tunnel motorway located northwest of Sydney. CPPIB's investment represents a 25% ownership interest.

    February 1, 2015

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  • CAPREIT Completes Acquisition of 270 Apartment Suite Portfolio in Dublin, Ireland

     Canadian Apartment Properties Real Estate Investment Trust announced that it has, through a wholly-owned Irish subsidiary, completed the previously announced acquisition of the Rockbrook Portfolio, consisting of 270 residential suites and approximately 50,214 square feet of mixed-use commercial space located in Dublin, Ireland for approximately EUR87.3 million (including VAT, but excluding other acquisition costs). The portfolio also includes an approximate 2.8 acre development site with planning permission for 467 apartments, 64,325 square feet of commercial space and associated basement car parking. The purchase will be funded through CAPREIT's Acquisition and Operating credit facility.

    January 28, 2015

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  • Investors Rewarded With Over 8% Returns And Repayment Of Principal In Their Fortress Real Capital Syndicate Mortgage

     The term highest and best use in planning refers to maximizing the purpose of a property to best enliven and enrich a neighbourhood. Investors in a Fortress Real Capital syndicate mortgage in Oakville are finding that the highest best use of their money is enriching their bottom line.

    January 28, 2015

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