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Atlantic Canada

PROREIT buying office, industrial buildings in Ottawa, Halifax

Steve McLean Commercial Transactions Ottawa Aug. 13 2019

PRO Real Estate Investment Trust (PROREIT) will use some of the proceeds from its latest, and largest, share offering to help it purchase two office and industrial properties in Ottawa, and five industrial properties in Halifax for $97.8 million. “These

Clarke to acquire hotel owner/operator Holloway Lodging

Don Wilcox Commercial Transactions National Aug. 12 2019

Majority shareholder Clarke Inc. (CKI-T) plans to acquire all remaining shares of Holloway Lodging Corporation (HLC-T) in a transaction which values the hotel and office owner at $265 million. The transaction represents a per-room value of $88,200 (excluding vendor take

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