Commercial Real Estate

Unit 420

In five months or so Mr. Socks will make weed legal. This has a whole lot of landlords freaking out. If you believe the hyperbole our new dope culture could make finding a rental harder and a whole lot less pleasant. For the people who own the property, it carries (they say) the potential for disa ...

New Issue: MFC FixedReset, 4.70%+255

Manulife Financial Corporation has announced: a Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 25 (“Series 25 Preferred Shares”). Manulife will issue 10 million Series 25 Preferred Shares priced at $25 per share to raise gross proceeds of $250 million. The offering ...

Morons

Allan is amused at this pathetic blog. He read the post last week about that trash listing in hipster Toronto asking $750,000, and said, “it probably wouldn’t even warrant a Tweet here in Sydney, since sometime in 2016…” The Australian is correct. We’re nuts, real estate-obsessed and ter ...

New Issue: BIP FixedReset, 5.00%+300M500, ROC

Brookfield Infrastructure has announced: that it has agreed to issue 8,000,000 Cumulative Class A Preferred Limited Partnership Units, Series 9 (“Series 9 Preferred Units”) on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, RBC Capital Market ...