Industry News
Holt Renfrew plans major flagship store upgrades
Holt Renfrew is planning to significantly expand its flagship store in Vancouver, adding about 40,000 square feet and new luxury retailing concepts.
Scarborough Town Centre hits sales milestone
Scarborough Town Centre (STC) recently hit the $700 in sales per-square-foot mark, positioning the mall as a top retail performer in the GTA.
Canada’s 1st centennial building to be honoured
The Confederation Centre of the Arts in P.E.I., has received the 2015 Prix du XXe siècle for its contribution to national heritage.
Retail and industrial assets top Q1 sales: report
GTA Commercial Real Estate Investment Review Q1 report states, office, retail, industrial and multi-residential property sales dipped 27 per cent.
Allied Properties to buy more King West property
Allied Properties is set to purchase three Class 1 buildings on King West property in Toronto for $100 million.
Hamilton facility wins top AIA green award
The American Institute of Architects (AIA) has named a Diamond Schmitt Architects’ building as one of the top ten green projects of 2015.
Temporary tax cuts to promote utility mergers
The 2015 Ontario budget lowers the tax penalty on the sale of local distribution companies for a three-year period beginning in 2016.
Co-ops freed to seek lower interest rates
Federal budget promises to scrap prepayment penalties on selected long-term CMHC mortgages.
GTA office market vacancy ‘poised to climb’
Despite the GTA office market ending 2014 on a healthy note, results from Avison Young’s Q1 report on the market show 2015 hasn’t started out as well.
Calloway to buy SmartCentres in $1.16-bill deal
Calloway REIT (Calloway) is set to acquire SmartCentres and become a fully integrated real estate development company called SmartREIT in a transaction valued at $1.16 billion.
GTA school named earth’s greenest for 2015
After capturing the Canadian title in 2014, Dunbarton High School in Pickering, Ontario, has been named the greenest school on earth for 2015.
Brookfield to build $2.1 billion skyscraper in NYC
Brookfield Property Partners (Brookfield) will soon begin construction on a $2.1- billion office skyscraper in New York’s Manhattan West neighbourhood. One Manhattan West will rise
Ivanhoé Cambridge invests in Australian market
Ivanhoé Cambridge has made its first direct purchase in Australia’s office market with a 25 per cent interest in Sydney’s Liberty Place. The core office tower
CBRE advises the sale of two well-located hotels
CBRE has announced the sale of two well-located hotels, one in Halifax and one in Toronto. On behalf of Banc Group of Properties, CBRE advised
Colliers sells two Toronto-based Radisson hotels
Colliers International Hotels recently announced the sale of two Toronto-based Radisson hotels. The 216-suite Radisson Suite Hotel Toronto Airport on Dixon Road, sold on behalf
PIRET sells four Ontario-based properties
Pure Industrial Real Estate Trust (PIRET) has finalized the sale of four Ontario-based industrial properties for $11.1 million. Based on estimated market rents for each
Studio Bell new home for National Music Centre
The National Music Centre (NMC) will soon be called Studio Bell in its new home currently under construction in Calgary’s East Village. A twelve-year, $10-million



