Industry News

Bayside Toronto

3XN unveils plans for Bayside Toronto office tower

HRH Crown Prince of Denmark was in Toronto earlier this month to announce plans for a 10-storey timber-constructed office tower set for Bayside Toronto.
active shooter events

Webinar aims to train FMs on active shooter events

The Institute of Real Estate Management is holding a two-hour webinar event on April 17 to help prepare real estate managers for active shooter events.

CCMP to acquire facilities management company for $1B

BGIS CEO, Gordon Hicks, and the management team will remain in place and work with CCMP to support the company’s next phase of growth.

Holloway announces sale of hotels in Moncton

Holloway Lodging Corporation (Holloway) has sold the Days Inn and Travelodge hotels located in Moncton, N.B.

Ontario top province for hotel investment: report

The Canadian Hotel Investor Sentiment Survey is an annual survey that aims to address the most relevant questions impacting lodging investment decisions.
trio of Toronto buildings

Pension funds trade trio of Toronto buildings

OPTrust now has an ownership stake in the office tower that houses its own corporate headquarters.
Energy efficiency Alberta

Energy Efficiency Alberta receives federal funding

The Canadian government has announced a $1.8 million investment in Energy Efficiency Alberta to support energy management.

Tim Hortons opens first location in China

Tim Hortons opened its first restaurant in Shangai, China today.
Kone elevators Westbank

Energy efficient elevators for 400 West Georgia

KONE Corporation has won an order to provide energy-efficient elevators for a new office tower at 400 West Georgia in downtown Vancouver, B.C.

Cadillac Fairview invests in Kitchener-Waterloo region

Led by Cadillac Fairview, the redevelopment team includes Colliers International, architect Petroff Partnership Architects and designer Roy Higgs International.
climate action spending

Historic climate action spending appears modest

The promised $679 million amounts to $189 million of actual spending in 2019-20 since most of the investment is to be rolled out over a three-year period.

Design revealed for U of T’s new building

Designed by New York-based architects Diller Scofidio + Renfro, the new University of Toronto building is a nine-storey development located at 90 Queen’s Park Crescent.

Elad Canada takes over Agellan Commercial REIT

Before the acquisition, Elad Canada was the largest unitholder of the Agellan Commercial Real Estate Investment Trust (REIT) holding approximately 19 per cent of the units.

The OMNI project receives development approval

The OMNI commercial project lands, located near the intersection of Stoney Trail and Airport Trail in Rocky View County, has been approved for commercial uses by Alberta’s
substantial issuer bids

Brookfield initiates substantial issuer bids

The Brookfield Property Partners offer contemplates a price in the range of $19 to $21 per unit/share and invites prospective vendors to submit tenders by March 25th.
ITA Shelley

CREC Commercial acquires industrial asset interest

Concert’s CREC Commercial Fund LP has entered into an agreement to purchase a 90 per cent interest in a distribution facility in Ottawa.
Shibley Righton PBW High Voltage

True North Commercial acquires the Ottawa Property

True North Commercial has announced it has closed the acquisition of a 107,066 square foot office – the Ottawa Property.