Cominar REIT may buy 68 properties from GE Capital with proceed from

QUEBEC — Cominar Real Estate Investment Trust says it received $276-million in net proceeds from its public offering of equity units and may use the money towards the cost of buying 68 properties from GE Capital Real Estate.The GE Capital deal includes 14 office buildings and one vacant lot of land in Ottawa, 23 office properties and 23 industrial properties in Montreal and four office properties and three industrial properties in Quebec City.Cominar said Tuesday it plans to use the money to finance a portion of the $697-million purchase or it could use the proceeds to pay down outstanding debt.Cominar has grown to be the third-largest diversified real estate investment trust in Canada and the largest commercial property owner in Quebec.Cominar owns a real estate portfolio of 415 high-quality properties, consisting of 82 office, 158 retail and 175 industrial and mixed-use buildings that cover a total area of 30.7 million square feet in Quebec, Ontario, the Atlantic provinces and western Canada.The Canadian Press read more

A tribute concert remembering Mike Taylor from the band Walk off

The first time pop indie group Walk off the Earth preformed without Mike Taylor his keyboard illuminated on stage by candles the seat empty the keys untouched. There were many hugs and tears within the band, and out in the audience. Burlington’s City Hall Square was filled with fans, wiping away tears, holding candles, and remembering. The band encouraged people to laugh, dance, and sing a celebration they said for their good friend, who came off stern in his beard guy character, but was far from it in reality. Taylor died suddenly on December 29th, leaving behind two kids and lots of friends in the music industry. Including the Bare Naked Ladies and Hamilton natives Arkells. Walk off the Earth rose to fame in 2012 after a creative cover blew up on Youtube, catching the attention of Ellen Degenerous, and other celebrities. Burlington Mayor Marianne Meedward honoured Taylor by making him the first recipient of the key to the city posthumously. As for the band, they say their world tour will go on as planned, with a special person in their heart. While going on will be difficult, the band says it’s the right way to honour Taylor. read more