American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN) (TSX: HOT.DB.U) (OTCQX: AHOTF) announced today the completion of the previously announced acquisition of a geographically-targeted portfolio of 18 premium branded Marriott and Hilton hotels (the “Acquisition”) containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania (collectively, the “Eastern Seaboard Portfolio”) for approximately US$407.4 million, including brand-mandated property improvement plans (the “PIPs”). Continue reading American Hotel Income Properties REIT Completes Its Transformative U.S. Acquisition
Choice Hotels Canada, Canada’s largest hotel franchisor, is pleased to announce the launch of their new Book To Build campaign, a charitable program in partnership with Habitat for Humanity Canada to raise an estimated $100,000 for families in need of affordable housing.
DREAM OFFICE REAL ESTATE INVESTMENT TRUST (TSX:D.UN) (“Dream Office REIT”, the “Trust” or “our”) today announced the acceleration of its strategic plan (the “Strategic Plan”) with Continue reading Dream Office Announces Sale of $1.7B of Properties With $1.4B Sale to KingSett
Pure Industrial Real Estate Trust (TSX: AAR.UN) (the “Trust”) announced today the following strategic initiatives:
– New research from the Real Estate Investment Network shows the City of Barrie is poised for growth. Barrie meets criteria on REIN’s Long-Term Real Estate Success Formula for a future stable real estate market as the city continues to diversify its economy to support GDP, employment and population growth.
Hover over the tiles and see how much space $1,500 gets you in the 100 most populous US cities:
In the first full month reflecting a new tax on foreign buyers, Toronto’s housing market is showing signs of cooling as new listings soar 49%. Bloomberg TV Canada talks to Robert Hogue, senior economist at RBC.
Cominar REIT is pleased to announce that the Womance concept will be touring its properties in the coming months. Continue reading Cominar to Play Host to Womance During an Exclusive Roadshow at Select Cominar Shopping Centres
Remember when teens couldn’t get enough of Abercrombie & Fitch? Those days are long gone. CNNMoney’s Paul La Monica explains the dire state of the American mall.
Continue reading Is the mall dead?
“Following an active and successful year in 2016, our portfolio growth accelerated during and subsequent to the first quarter of 2017, augmented by strong operating performance and our proactive leasing activities,” commented Paul Dykeman, Chief Executive Officer. “Looking ahead, we expect a record year in 2017 as the significant increase in the size and scale of our property portfolio so far this year contributes to our revenue and FFO growth going forward. In addition, we continue to evaluate a number of additional accretive acquisition opportunities that we believe will further strengthen and diversify our asset base over the coming months.”
How much space can $1 million buy you in a major city? In some places, not much more than a closet. Here’s how some of the world’s priciest cities compare.
Continue reading Here’s how much real estate $1 million will get you in cities around the world