Blogs & News

Another ReDev Canadian shopping plaza sold creating value for investors

TORONTO, /CNW/ – Richard Crenian, President of ReDev Properties Ltd., is pleased to announce the closing of the sale of Whitemud Crossing located at 4211 106th Street, Edmonton Alberta. A national real estate brokerage firm was used as the broker for the vendor.

Whitemud Crossing, purchased in 2005, has over 93,300 square feet of rentable retail space in one of Edmonton’s major areas. The property is currently fully leased with an excellent mixture of local and national tenants.

Should investors in the wake of the 2007 financial collapse now be concerned with 'Coco' bonds ?

It was the summer of 2007 when one of the first canaries in the global financial coalmine started chirping.

Over the ensuing months the canary that was Bear Stearns fell from its perch as its hedge funds failed and the bank came under increasing financial pressure, before being sold to JP Morgan at a fire sale price.

Thankfully for the bondholders the new owner took on the debt obligations of the failed bank, a pattern that repeated through the crisis with bondholders being largely spared any loss burden as losses mounted and multi-billion dollar bailouts propped up the financial system.

TAM Asset Management Chairman Lester Petch shares his current thinking on the markets

Not wanting to compare my age frame to that of a walrus, I nonetheless do think the time has come “to talk of many things", so here are some core facts and issues I think worthy of note: