Artis REIT (TSX: AX-U, OTC: ARESF) announced it signed an agreement to sell eight industrial properties and one retail property in Alberta.

The eight industrial assets total 1.2 million square feet of leasable space and have a price tag of C$171.1 million, representing a price per square foot of C$144.51. The deal is expected to close on November 1, 2016.

Southwood Corner, Artis’ retail property in Calgary, Alberta, will be sold off for C$40.2 billion. The deal is expected to close on October 28, 2016.

The company intends to use the proceeds from these sales to repay its revolving term credit facility.

Year-to-date, Artis has divested 16 properties for a total sales price of C$321.7 million, totaling 2.1 million square feet. Accounting for all of these deals, Artis’ portfolio is comprised of 252 properties located in Canada and the U.S., totaling approximately 25.8 million square feet.

EnerCare (TSX: ECI, OTC: CSUWF) reports second-quarter revenues increased 81% to C$244.1 million, while EBITDA increased 19% to C$68.7 million. Net earnings for the quarter came in at $16.1 million compared to $16.2 million in 2015. The strong top-line growth was driven by its acquisition of Service Experts (SEHAC Holdings) which closed on May 11, 2016.

For the three-month period, SEHAC contributed C$102.2 million since its acquisition date, which were stronger than anticipated due to a warm June across the U.S. SEHAC generated higher heating, ventilation and air conditioning (HVAC) revenue growth of 30% due to strong demand for air conditioning sales.

EnerCare is expected to spend between $111 million and $157 million in capital investments in 2016, excluding SEHAC investments. Management is targeting a rate of return from these investments of between 15% and 20%.

Magna International (TSX: MG, NYSE: MGA) announced it will begin manufacturing the new 5 Series sedan for the BMW group at its contract vehicle assembly facility in Graz, Austria. Production of the new units will begin in 2017 and will be split with BMW Group’s plant in Germany. With its business awards from BMW, JLR and a contract extension from Mercedes-Benz, Magna’s Graz facility is expected to reach roughly 200,000 vehicles per year by 2018.

The company also agreed to purchase the BOCO Group of Companies, a Germany-based automotive supplier of latches, hinges and striker, to expand its portfolio of products. BOCO has annual sales of more than EUR100 million and its customers include BMW Group, Daimler and Audi. The transaction is expected to close in the fourth quarter of 2016.

Student Transportation (TSX: STB, NSDQ: STB) announced solid fiscal 2016 results due to lower costs and interest rates. Year-over-year revenues increased 8.2% to $600.2 million. Adjusted EBITDA came in at $117.1 million compared to $102 million in 2015, with adjusted EBITDA margin improving to 19.5%, compared to 18.4% last year. Payout ratio decreased to 68.2% from 71.1% compared to last year. Management credited the strong fiscal performance to continued low interest rates and lower fuel costs environment which it believes will continue into 2017.