Thursday, September 16

Oxford Properties Group Inc.

Commercial Real Estate, FP Finance, OMERS, Ontario Municipal Employees Retirement System, Oxford Properties Group Inc., Real Estate

Oxford Properties buys KKR warehouses in $2.2-billion deal

Breadcrumb Trail Links Real Estate News FP Finance Commercial Real Estate Acquiring 149 distribution properties in 12 US markets Author of the article: Bloomberg News Ari Altstedter Warehouses have been a hot corner of commercial real estate even before the pandemic. Photo by Darren Makowichuk/Postmedia files Article content Oxford Properties Group agreed to buy a portfolio of industrial properties from KKR & Co. for about US$2.2 billion as online shopping continues to drive investors toward warehouses. Article content Oxford, the real estate arm of the Ontario Municipal Employees Retirement System, is acquiring 149 distribution properties in 12 US markets, including Dallas, Phoenix, Chicago and Tampa, according to a statement Tuesday. Warehouses were a hot...
HBC, Hudson's Bay Co. ULC, Oxford Properties Group Inc., Retail & Marketing

HBC ordered to pay back rent in pandemic dispute with landlord Oxford Properties

Breadcrumb Trail Links Retail & Marketing News 'HBC maintains that retailers and landlords should equitably share the burden of the pandemic,' a spokesperson for the company said after the ruling Author of the article: Barbara Shecter HBC's decision to stop paying rent in some cases, as early as April 2020, led to speculation it was in financial trouble. Photo by Peter J. Thompson/National Post Article content Hudson's Bay Company was ordered to pay the full rent it owes landlord Oxford Properties Group on Friday in a ruling by the Ontario Superior Court of Justice in which the court declined to “rewrite” a private contract despite “unforeseen and disastrous circumstances” of the COVID -19 pandemic. The judge also rejected HBC's argument that its rent should be reduced b...