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Article content As we look forward to a summer of possible âgetting back to normalâ, business and industries are faced with what âback to normalâ looks like when it comes to âback to workâ. But what does that ultimately mean for commercial/retail/industrial landlords? In this second of a two part-series on reopening on Down to Business, the Financial Postâs Larysa Harapyn talks to RioCan Real Estate Investment Trust CEO Jonathan Gitlin about how the pandemic has changed the commercial real estate landscape. We apologize, but this video has failed to load. Tr...
TORONTO, May 26, 2021 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced the results of the votes…
That included 86 new deals with an average rent of $23.19 per square foot, well above the company's usual $19.87 per square foot average, RioCan chief executive Jonathan Gitlin said. "We are seeing a stronger leasing environment," said Gitlin, in his first earnings call since he took the company's helm after Ed Sonshine's retirement in March. "Well-capitalized, forward-thinking companies are seizing on the opportunity to lease well-located space." While food and hospitality businesses experienced the brunt of closures and are currently operating solely through curbside pickup and takeout in ...
Tara Deschamps RioCan signage is shown at a strip mall in Mississauga, Ont., Saturday, Oct.24. RioCan Real Estate Investment Trust's net income climbed to $106.5 million in its latest quarter, as tenants kept paying rent despite the country plunging into another wave of COVID-19. THE CANADIAN PRESS/Richard Buchan May 04, 2021 - 9:26 AM TORONTO - RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently. The Toronto-based trust ...