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Greater Montreal

Leyad acquires North Sydney Mall from Econo-Malls

Steve McLean Commercial Transactions Nova Scotia Feb. 7 2024

Leyad has acquired the 182,031-square-foot North Sydney Mall in North Sydney, N.S., for an undisclosed price from Econo-Malls. The property is its second retail acquisition in Altantic Canada in the past six months.

Drop in valuations results in $499M Q4 net loss for Allied

Steve McLean Commercial REITs Toronto / GTA Feb. 5 2024

Allied Properties REIT (AP-UN-T) suffered a $499.34-million net loss in its fourth quarter ended Dec. 31, in large part due to a $425-million decline in rental property valuations in Toronto, Montreal, Calgary and Vancouver.

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