Dream Impact Trust (MPTC.UN-T) will reduce its distribution by 60 per cent and a large fair value loss on a small interest in Virgin Hotels Las Vegas contributed to a $44.86-million net loss in the fourth quarter ended Dec. 31.
Edmonton-based Avillia Developments has launched a major project in Vernon, B.C., on the waterfront of Okanagan Lake. The Port Okanagan development will include significant multiresidential building, a hotel and commercial space.
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