According to filings in the Ontario Superior Court of Justice, three Ashcroft Homes properties — a residential and commercial development located in west Ottawa — were placed under receivership after management struggled to lease out approximately 40% of the retail space across the three buildings...| STOREYS
An Ottawa development that was placed under receivership in October 2024 due to over $80 million in debts is now being listed for sale by CBRE's Land Services Group on behalf of restructuring firm MNP. The development site, known as "Eastboro Phase 2," is located roughly 20 minutes east of the C...| STOREYS
After announcing restructuring late this summer, Canadian cannabis retailer Tokyo Smoke has exited the Companies' Creditors Arrangement Act (CCAA) process. This comes after the case got final approval from the Ontario Superior Court of Justice. “The majority of Tokyo Smoke's retail locations were un...| STOREYS
Following the May appointment of a receiver over three of its development properties in Ottawa, another Ashcroft Homes project has come under receivership after construction setbacks and litigations with the City added overwhelming costs to what was supposed to be a 2,000-home subdivision. Ashcr...| STOREYS
