ELIZABETH CHURCH | Wed, Jan. 25, 2006
Empire Co. Ltd. is hoping to capitalize on investors' thirst for real estate and income by spinning off part of its property holdings into a trust. The new enterprise, to be called Crombie Real Estate Investment Trust, will initially own a mixed portfolio of 44 properties, including strip malls, enclosed shopping centres and office buildings. All the properties are part of Empire's long-standing real estate subsidiary, which has developed sites for other arms of the Sobey family holdings, including grocery retailer Sobeys Inc. and Empire Theatres Ltd.
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ELIZABETH CHURCH | Fri, Jan. 13, 2006
Investors piled into Retirement Residence Real Estate Investment Trust yesterday after news that the country's largest operator of seniors' homes is considering overtures from a buyer.More than 2.7 million units traded hands following an announcement by Retirement Residence REIT that it had formed a special committee of the board to consider what it characterized as a ''unsolicited approach from a third party.''
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TERRENCE BELFORD | Tue, Dec. 13, 2005
Industrial real estate, the often overlooked stepsister in the commercial property sector, has emerged as a true Cinderella.Unprecedented demand across Canada has driven vacancy rates to record lows and trimmed capitalization rates, the rate of return on an all-cash basis, to bond-like levels, according to industry experts.
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