When you think of thriving destinations for golf resort communities, the Sun Belt naturally comes to mind first - places like Florida, California and Arizona - not Canada - until now.
Canada's hotel development pipeline comprises 227 projects totaling 24,262 rooms.
Canadian home sales fell 3.3 percent from December to January, marking the fifth consecutive drop.
The Big Apple remains the favorite target for property investors scanning the globe for deals. New York attracted $49.2 billion in property deals last year, a 39 percent increase, easily outpacing London's $32.3 billion.
Christmas in Montreal is special. This is the capital of French-speaking North America, a city of 3,000,000 where the French language, customs, and cuisine still thrive - in harmony with new customs and cuisine established during 400 years of residence in the New World.
M&T Realty Capital Corp., a wholly-owned subsidiary of 156-year-old Buffalo, NY-based M&T Bank (NYSE: MTB), has loaned New York City-based TIAA-CREF $92.6 million to buy the 371-unit MassCourt East End luxury apartments in the Mount Vernon Triangle neighborhood of Washington, DC. Terms of the financing were not disclosed in a news release from the Washington office of HFF which arranged the deal.
If last year was the 'Year of the Brazilians' in Florida, 2013 is shaping up to be the 'Year of the Canadians.' At least that's the attitude of many Sunshine State real estate professionals and industry experts. This sunny sentiment was especially evident this Wednesday at a sold Fort Lauderdale event hosted by the Broward Council of the Miami Association of Realtors.
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for July 2012.
Montreal-based Ivanhoé Cambridge, the real estate arm of Canadian pension fund Caisse de dépôt et placement du Québec, is having a busy summer. The company has laid out $508 million in cash to buy out its German partner in four Canadian shopping centers.
One of the world's newest golf resort properties creating a lot of buzz is Cabot Links. Situated along the remote west coast of Cape Breton Island, this former coal mine site is now Canada's first authentic links-style golf course.
It's hard to argue with figures but Calgary, Alberta, Canada has been ranked as the No. 1 choice in 2011 by international commercial real estate investors. The ranking was made by London-based Investment Property Databank Ltd. The survey excluded China and some other Asian countries. The top 10 best-city locations were all in North America.
The owners of northern Vermont's Jay Peak resort recently announced they closed on the purchase of another northern Vermont ski hill, Burke Mountain, previously owned by the bankrupt Ginn Company. Bill Stenger, president and co-owner of Jay Peak, and business partner Ari Quiros purchased the property from a subsidiary of financially troubled Florida-based real estate developer Bobby Ginn's namesake company for an undisclosed sum.
Silver Hotel Group, recently announced the debut of its new destination sensation brand, Aloft Hotels, in the Greater Toronto Area with the opening of Aloft Vaughan Mills. Located in Vaughan, the hotel is the second Aloft hotel in Canada, joining the Aloft Montreal Airport that opened as the world's first in 2008. Aloft is the sizzling "style-at-a-steal" brand from Starwood Hotels & Resorts Worldwide that's rocked the hotel industry.
Recent changes in the global economy have shown the strength of the Canadian Dollar against the US Dollar. According to South Florida Real Estate expert Michelle Farber Ross, Managing Partner of MMD Realty, LLC. Canadians have more buying power in the US property market, specifically in Fort Lauderdale.
Global economic turmoil since 2008 has led to sharply different responses from luxury developers around the world today, says Knight Frank's newly released 2012 Global Development Review Report. Knight Frank's reports shows luxury residential development in 14 key locations around the world reveals that 50%-60% of demand for newly-built property ...