Industry News


CMLC breaks ground on 9th Avenue Parkade

Calgary Municipal Land Corporation (CMLC) has broken ground on a new parkade located on 9th Avenue and 3rd Street S.E. for Calgary Parking Authority.

Parking rates in Toronto’s Green P parking facilities increase

According to the Toronto Parking Authority (TPA) parking rates in Green P lots across the city are increasing, starting this month.
devencore Terence

Terrence Philps joins Devencore Victoria

Terrence Philps has joined Devencore's Victoria office as vice president, associate broker. He brings over 22 years of commercial real estate experience.
2019 gold

Stories to watch in 2019

The REMI Network's editorial team takes a look at last year's top stories and how they will continue to impact the commercial real estate industry in 2019.

Menkes invests in restoration of 320 Bay Street

Menkes, alongside TD Greystone Asset Management (TD Greystone), has announced the acquisition of an interest in 320 Bay Street, a heritage building in Toronto's Financial District.
National Arts Centre

National Arts Centre earns Civic Trust Award

Diamond Schmitt Architects will be presented with a Civic Trust Award in 2019 for its work on Ottawa's National Arts Centre rejuvenation.

Partners REIT sells 11 Quebec retail properties

Partners REIT announced it has found buyers for its 11 Quebec retail properties, the transaction is expected to close early in the second quarter of 2019.
Citron Hygiene

Brookfield Real Estate Services rebrands as Bridgemarq

Effective Jan. 3, 2019 Brookfield Real Estate Services, a leading provider of services to residential real estate brokers, has rebranded as Bridgemarq Real Estate Services. “We
amazon leduc

Amazon to open new centre in Leduc, AB

Amazon is opening a new fulfillment centre in Leduc County, south of Edmonton. The new centre will create more than 600 full-time jobs by 2020.
Merchant House

Merchant House buys Blanshard Block in Victoria

Merchant House Capital Inc. has completed the off-market acquisition of Blanshard Block in Victoria. It represents 18,000 square feet of commercial space.
CMLC Calgary

CMLC partners with U of Calgary on new space

CMLC has announced a new partnership with the University of Calgary’s Faculty of Environmental Design to occupy the main floor of the Castell Building.

Staples Canada introduces new concept store

Staples Canada has rebranded as the Working and Learning Company and has launched its first new concept store in Kirkland, Quebec

Oxford Properties purchase office assets in Australia

Oxford Properties Group has acquired Investa Office Fund's 5.3 million sq. ft portfolio in Australia valued at approximately $4.4 billion.

Construction starts on University of Toronto Schools restoration

The restoration and expansion of University of Toronto Schools (UTS) is underway as development on the project kicked off on Dec. 12, 2018.
unit sub-metering providers

Unit sub-metering providers dodge OEB oversight

In practice, the Ontario Energy Board has never exercised its authority to set electricity rates for sub-metered residential units because it has been finalizing a methodology for carrying out the new responsibility, which came into force in the spring of 2018.

Gatineau government facility wins TOBY award

The Library and Archives Canada Preservation Centre in Gatineau, Que. was named the 2018 Outstanding Building of the Year at a recent ceremony.
active development program

Allied REIT set for active development program

Allied Properties Real Estate Investment Trust has acquired five infill properties in major Canadian markets and expects to close on a sixth before year-end.