More Big Real Estate Deals

A Big Real Estate deal jumped out at me Friday morning from the pages of the Toronto Star:

Toronto Parking Authority site in Yorkville sells for $76 million

The Star reports that developer Minto will build 800 spaces of underground Green P parking and two condo towers on a prime location between Yonge and Bay Streets. The deal is scheduled to be finalized in 2015.

Lexpert’s Big Real Estate section is always looking for submissions. The next available issue (May) is open until March 5.

Here are two more Big Real Estate deals that were submitted to Lexpert recently:

Taurus Cookstown Partners Closes Sale of Cookstown Outlet Centre
Closing date: December 8, 2011

Taurus Cookstown Partners Ltd. completed the sale of the outlet shopping mall located in Cookstown, Ontario. The mall was sold for $62 million to a joint venture comprising RioCan Real Estate Investment Trust and Tanger Premium Outlets (“Tanger”) (collectively, the “Joint Venture”).

The Joint Venture was represented by Fogler, Rubinoff LLP with a team consisting of Raymond Gelgoot and Leneo Sdao (real estate). Tanger was also represented by Fasken Martineau DuMoulin LLP with a team consisting of Marty Emmons and Maria Holder (real estate) and Paul Casuccio (commodity tax) and Christopher Steeves (tax).

The seller was represented by Stikeman Elliott LLP with a team consisting of Eric Carmona and Nili Birshtein (real estate).

Redbourne Realty Fund II Purchases Gateway Centre
Closing date:  December 1, 2011
 
Redbourne Realty Fund II completed the purchase of a two-building office complex located in Markham, Ontario. The building complex was purchased for $48 million from Electra Real Estate.

The purchaser was represented by Davies Ward Phillips & Vineberg LLP with a team consisting of Robert Vineberg, Robert Abrams, Patrice Thomas and Alina Silvestrovici Paun (real estate).

The seller was represented by Stikeman Elliott LLP with a team consisting of Eric Carmona and Nili Birshtein (real estate).

 

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