TORONTO, ON – May 12, 2017 – Kevin Heiss, Managing Director of Largo’s Canadian operations, secured $12.3 million to refinance the existing debt on a 676,000 square foot distribution center in Tifton, Georgia. The property is located on a 50-acre site and is in close proximity to Interstate 75 and a Target distribution center. The sole occupant of the subject …
TORONTO, ON – Kevin Heiss, Managing Director of The Largo Group of Companies, secured $70 million in financing for the acquisition of a medical office portfolio located in five cities throughout southern Ontario. The improvements consist of seven buildings totaling 310,000 square feet. The tenant mix is well diversified and features over 150 tenants. Heiss arranged a 10-year, non-recourse loan …
TORONTO, ON – October 23, 2015 – Kevin Heiss, Managing Director of The Largo Group of Companies secured $82.5 million in financing for the Fairmont Palliser located in Calgary, Alberta. This full-service hotel features over 400 guestrooms and is centrally located in downtown Calgary amidst the city’s fashion, entertainment and financial districts. The hotel is situated approximately seven kilometers from …
TORONTO, ON – October 1, 2015 – Kevin Ross of the Largo Group of Companies secured $16.7 million in financing for Canadian investors in Central Florida. Ross arranged $12,470,000 in financing for an 89,000 square foot grocery anchored retail center to be developed in Tavares, Florida, a suburb of Orlando. The center has prominent frontage from its corner location off …
With Target Canada’s recent bankruptcy casting a seemingly negative light on the Canadian retail market, it may not be readily apparent that many Canadian retailers are actually thriving. Sales at Canadian malls have increased by 5.8 percent over the last 12 months, averaging $673 per square foot, according to the International Council of Shopping Centres (ICSC). That is 12 percent …
TORONTO, ON – August 19, 2015 – Kevin Heiss, Managing Director of The Largo Group of Companies, secured $59.5 million in financing for a portfolio of grocery anchored shopping centers totaling 1,140,000 square feet. The shopping centers are located throughout the U.S. and are anchored by Kroger, Cub Foods, Lowes, Pick ‘n Save, Farm Fresh and Walmart. The 10-year, fixed …
The investment volume during first quarter of 2015 in Canada’s commercial real estate market came in at $5.5 billion (1,204 transactions vs 1,074 transactions Q1 2014), which is just shy of the 5-year quarterly average of $5.8 billion. The overall drop in investment was most pronounced in the office sector, which is traditionally the most sought after class. This was …
TORONTO, ON – June 16, 2015 – Kevin Heiss, Managing Director of the Largo Group of Companies, secured $80 million in financing for a full-service, Hyatt Regency located in Vancouver, British Columbia. The hotel features 644 guestrooms with luxury services and amenities, 40,000 square feet of meeting space and three food and beverage outlets. The recently renovated hotel is centrally …
Demand for quality office space in Toronto has risen resulting in 24.8 million square feet of new and projected construction between now and the next 10 years, which will help alleviate pressure on rising rental rates. Redevelopment projects continue to occur along major nodes of the central Greater Toronto Area. In the suburbs, the demand for flex space continues to grow, …
Buffalo, NY & Toronto, ON – October 23, 2014 – Largo finances $8.15 million for two hotel properties located in Nashville, TN and Kalamazoo, MI. Lori Tirado, Managing Director of the Largo Hospitality Finance Group, arranged $5.25 million in financing for a 65 room Comfort Suites in Nashville, Tennessee. The Comfort Suites is situated within a pocket of commercial development …
