While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Binky Chadha, chief equity strategist at the firm, expects the market to pull back over the next three months before quickly bouncing back up.Investingread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Technologyread more
The Twitter co-founder and Obvious Ventures partner spoke about Beyond Meat on Tuesday at Collision Conference in Toronto.Technologyread more
CNBC's Jim Cramer says Morgan Stanley cutting its worst-case forecast on Tesla so drastically from $97 per share appears to be a gimmick.Investingread more
TORONTO, July 6, 2015 (GLOBE NEWSWIRE) -- Greybrook Securities Inc. and Greybrook Realty Partners Inc. are pleased to announce the successful closing of a $4,385,000 equity private placement of units of the Greybrook 181 Sheppard East Limited Partnership.
Proceeds from the private placement will be used to purchase an interest in a property located at 181 Sheppard Avenue East, Toronto, Ontario and fund the development of a 152-unit mid-rise condominium project on the acquired parcel. The development will be conducted in collaboration with Stafford Homes. The property is adjacent to a parcel of land that is jointly owned by an affiliate of Greybrook Realty Partners and a company within the Stafford Developments group of companies (Stafford Developments) and will now be part of a larger mixed use development. The project site is located within the Willowdale neighbourhood of Toronto. Willowdale is a bustling urban centre that is interspersed with luxury condominiums, shopping centers, parkettes and playgrounds. The neighbourhood is also home to a world class aquatic centre and the highly acclaimed Centre for the Performing Arts.
Stafford Developments is a private property development company which has been carrying out land development and construction projects in Canada and the United States for 50 years. The Stafford team has experience with virtually every type of real estate development, including master-planned mixed-use corporate parks, speculative office and industrial complexes, retail shopping centres, multi-family residential towers and single family homes.
"This purchase represents a strategic acquisition for Stafford Homes and Greybrook. We quickly ceased the opportunity of this value-add acquisition to expand our redevelopment site at 179 Sheppard Avenue East by acquiring the adjacent land at 181 Sheppard," said Greybrook Securities CEO, Sasha Cucuz. "With nearly one acre of land stretching all the way to the corner of Sheppard Ave and Willowdale, we now have the opportunity to create a residential and retail development of substantial consequence that will transform this corner of the City."
Greybrook partners exclusively with top-tier developers and has built strong relationships based on trust and success. "We have worked with Greybrook Realty Partners on a number of projects and have always been pleased with the integrity of their process, their professionalism and ability to deliver on their commitments," said Gary Goldman, President of Stafford Developments.
About Greybrook Realty Partners Inc. and Greybrook Securities Inc.
Greybrook Realty Partners offers investors the unique ability to partner with top-tier North American real estate developers and share in their value creation activities. In addition, Greybrook Realty Partners provides asset management and advisory services to investors and landowners, respectively. Greybrook Realty Partners and its affiliates have been involved in the creation, development, construction and management of over 50 real estate projects which are expected to result in the development of over 14,000 residential units. Greybrook Securities, an exempt market dealer (registered in Ontario and certain other provinces) related to Greybrook Realty Partners, offers qualified investors the opportunity to participate in the securities offerings organized by Greybrook Realty Partners.
This news release contains forward-looking statements that are based on management's current expectations and are subject to known and unknown uncertainties, which could cause actual results to differ from those contemplated or implied by such forward-looking statements. Greybrook is under no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events or otherwise.
CONTACT: For further information: Greybrook Realty Partners Inc. Sarah Mansour, VP Marketing E: email@example.com T: 416.322.9700 x551Source:Greybrook Securities Inc.