CLIMATE CHANGE, LEED & RENEWABLE ENERGY
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CONSTRUCTION NEWS + BUILDING OPERATIONS / INNOVATIONS
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CORPORATE RESPONSIBILITY + ESG REPORTS
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DEVELOPMENT NEWS & TRENDS
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ENTITLEMENTS ~ REGULATORY
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FINANCING NEWS & INNOVATION
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INSURANCE + RISK MANAGEMENT
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+ Intact Financial Corporation agreed to acquire RSA Insurance Group plc; the deal involves the acquisition of RSA’s Canadian operations and a co-ownership of Tryg unit’s Danish business
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INVESTMENT/DEALS - development / re-development
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INVESTMENT/DEALS - hospitality / entertainment / recreational
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INVESTMENT/DEALS - development / long term care & medical
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INVESTMENT/DEALS - industrial, storage, logistics
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INVESTMENT/DEALS - multi-res
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INVESTMENT/DEALS - office
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INVESTMENT/DEALS - pension funds, insurance co.
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Canada Pension Plan Investment Board established a new, U.K.-based entity – Renewable Power Capital Limited to invest in renewable energy projects in Europe
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+ Artis REIT struck a deal with Sandpiper Group; change of sr. management and board positions
+ Artis REIT reconstituted its board and trustee fees
+ BSR REIT acquired two properties in Texas (Houston and Dallas), 680-doors, for $129.0 million
+ BSR REIT sold the West End Lodge/360-doors in Beaumont, Texas for $44.0 million
+ BSR REIT sold five non-core properties in for $86.0 million
+ BTB REIT acquired a 34,200 sq. ft. industrial property in Laval, QC, for $8.1 million
+ CAP REIT is acquiring two buildings in Ottawa from Homestead Land Holdings Inc. for $95.5 million; 380-doors
+ CAP REIT acquired 4-building 147-door Queen Anne Apartments in Maple Ridge, BC for $29.2 million
+ CAP REIT acquired a 38-door property in Bedford, NS; $11.9 million
+ ERES Residential REIT agreed to acquire a 98-door project in Steenwijk, Netherlands for $19.0 million
+ European Residential REIT acquired an 84-key property in the Netherlands for $34.6 million
+ Granite REIT acquired a portfolio of seven buildings in the U.S. and Netherlands for $564.0 million
+ Minto Apartment REIT entered JV deal with Darwin Properties Ltd. to develop Phase I of Lonsdale Square in North Vancouver; the project is a master-planned community on a long-term land lease from the City of North Vancouver
+ Strategic Storage Trust IV opened a new self-storage facility in Brampton, ON
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INVESTMENT/DEALS - retail
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+ AutoCanada Inc. agreed to acquire Haldimand Motors (80,000 sq. ft./20 acres), Cayuga, ON; terms not disclosed
+ Bed Bath & Beyond agreed to sell its Cost Plus World Market unit to Kingswood Capital Management; 243 stores; terms not disclosed
+ Footlocker launched a new power-center concept
+ J.C. Penney exited Chapter 11 Bankruptcy protection and completed its sale to Simon Property Group and Brookfield Asset Management
+ Kingswood Capital Management LP closed its acquisition of MEC which had been under CCAA protection; HQ will remain in Vancouver, and 21 of 22 store locations are being retained
+ kudos to Mike Kehoe from Fairfield Commercial; Mike has started a bi-weekly Monday Morning by invitation conference call; 50 participant maximum for a cross-country check-in on the retail market; landlords, agents, deal news and trends; to get invited, connect with Mike: mike@fairfieldcommerical.com
+ Loblaw Companies Ltd. is disposing of its 22 non-franchised Provigo locations in Quebec
+ Naturalizer closures; Caleres, parent company, announced 133 Naturalizer stores in the U.S. and Canada will be closed as the brand move to online sales only
+ Parkland Corporation agreed to acquire assets of Story Distribution Company (Bozeman, MT), and Carter Oil Company Inc. (Utah, Arizona) – 13 retail locations and 40 dealers; terms not disclosed
+ Simon Property Group and Taubman Centers Inc. resurrected their failed merger deal at a lower share price; expected to close by early 2021; the deal is valued at US$3.6 billion
+ T & T Supermarkets opened their third Calgary location in Deerfoot Meadows
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NEW PROJECTS IN THE PIPELINE
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PROPERTY SERVICES / SUPPLIER NEWS
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+ G4S plc is in play – bidding war; Allied Universal Security Services ($6.5 billion) competing with GardaWorld ($6.35 billion) … tic toc
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TECH / TELECOM corner ...
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WORK / ASSIGNMENTS / LISTINGS WANTED:
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+ listings – FOR SALE, FOR LEASE – Calgary, Red Deer, and Edmonton markets
+ judicial sales foreclosure/court-ordered receiverships – commercial property Calgary, Red Deer, Edmonton, and Southern Alberta
+ property management: commercial and residential property management assignments/tasks; lease enforcement, negotiation of renewals, single properties, and small portfolios
~ call me to discuss your requirements: Mark Kolke, 403-444-6939
~ or email me: kolke@markkolke.com
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PROPERTY LINES - a monthly newsletter on happenings in the commercial real estate marketplace in Alberta and in other jurisdictions. This publication will be of interest to a wide audience of readers interested in the real estate industry and is particularly focused on issues of interest to:
- investment real estate professionals
- landlords, financial institutions and real estate lenders
- real estate lawyers, accountants, appraisers
- property managers and asset managers
- insolvency professionals, foreclosure services, service trades/contractors
- commercial, development, and income property investors
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CLICK HERE to sign up to receive PROPERTYlines free every month
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PROPERTYLines - Copyright © 2020 , All rights reserved.
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~~~~~~~~~~~~~~~~~~~~~
PLANDflex Corporation - Mark Kolke, President / Publisher
Agent/Realtor/Property Mgr. - under contract to MaxWell Capital Realty
→ 6204B Burbank Road SE, Calgary, AB T2H 2C2
→ Phone: (403) - 253-2450 / (403) - 444-6939
→ Cell/Text: (403) - 312-8359
LinkedIn |publisher of FACILITYCalgary
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