Industry News

SpacesGastown945x514

Co-working firm Spaces expands in Canada

Spaces, a co-working firm, plans to open 15 more locations in Canada in the next two years. Its newest location in Toronto is 127,158 square feet, making it the company's largest location in North America.
REMI Network

REMI Network earns three 2018 COPA nominations

After winning gold in 2017, the REMI Network is again a Canadian Online Publishing Award finalist for Best Trade Media Website.
Real estate docs

Partners REIT sells nine Western Canada properties

Partners Real Estate Investment Trust (Partners REIT) announced today that it has agreed to sell nine of its 10 properties in Western Canada.
winnipeg945x514

Manitoba partners with private sector to develop True North Square

The Manitoba government has announced it will provide up to $11.95 million in tax increment financing (TIF) to support the development of True North Square public plaza in downtown Winnipeg.
Hurricane Florence

Hurricane Florence could swamp asset values

REITs hold more than 5,500 properties in the area flagged for storm surge and other severe weather fallout.
cibc-branded-towers-945x514

Microsoft Canada moving headquarters to Toronto’s CIBC Square

Microsoft Canada announced plans for a new headquarters located in Toronto. Comprising 132,000 square feet over four floors of the building, located at 81 Bay Street, construction is well underway with occupancy expected for September 2020.
inclusionary zoning

Revisit inclusionary zoning reg: REALPAC to province

REALPAC is calling on the new administration at Queen's Park to revisit Ontario's inclusionary zoning regulation.
joint venture

Colliers International acquires Landmark Properties

The commercial real estate services firm, Colliers International has announced the acquisition of Landmark Properties, an asset advisory services and real estate management firm based in Quebec.
ikeasolar945x514

Ikea installs rooftop solar panels on Alberta stores

On track with its commitment to renewable energy, IKEA Canada announced over 5,000 solar panels are being installed on its stores in Edmonton and Calgary.
acquires945x514

Marcus & Millichap expands Canadian presence

Marcus & Millichap has announced its expansion into Montreal with the acquisition of the commercial real estate investment sales firm, McGill Commercial.
Bellano Avison

Antonio Bellano joins Avison Young in Vancouver

Antonio Bellano has joined Avison Young as a principal and practice leader, BC, project management. He will focus on expanding the firm's services.
Hillcrest945x514

Hillcrest Mall unveils $90-million glow up

Oxford Properties Group's $90-million makeover of Hillcrest Mall, a BOMA Best gold certified regional shopping centre in Richmond Hill, Ont., is now complete.
Canadian REITs

Canadian REITs mark 25 years on the TSX

Since the first two listings in 1993, investors can now look to 44 REITs with a collective market capitalization of $62 billion.
Solar Panels

Edmonton takes action on climate change

The City of Edmonton has launched the Corporate Climate Leaders Program, a new initiative for businesses concerned about climate change.
stop collecting carbon tax

Ontario utilities to stop collecting carbon tax

The Ontario Energy Board must provide direction before the levy can be removed from natural gas bills.
Canada's big three cities

Canada’s big three cities affirm net zero goal

The mayors of Toronto, Montreal and Vancouver are among leaders of 19 major world cities aspiring for net zero carbon emissions across their urban building portfolios by 2050.
GGP retail portfolio

Brookfield closes on GGP retail portfolio

Brookfield Property Partners has now completed the USD $15-billion deal, begun more than nine months ago.