Industry News
Endangered Guelph heritage building gets owner
The landmark Petrie Building in downtown Guelph, Ontario, is set to be restored after being listed as one of the National Trust’s Top Ten Endangered
GTA drives Ontario construction growth in 2015
Although Ontario faces a $16 billion construction economy related to industrial, commercial and institutional (ICI) developments, the recently released Ontario Construction Secretariat’s (OCS) annual Construction
Ivanhoé Cambridge buys U.K. office complex
Ivanhoé Cambridge has purchased a high-quality, neo-gothic office building in London, England’s EC3 neighbourhood. The Prudential-built property, constructed in the early 1990s, is part of a
ReDev Properties sells Leduc Town Square
Leduc Town Square, a commercial shopping centre located in a prime area along the Queen Elizabeth II Highway into Edmonton has been sold. ReDev Properties,
Retrocom plans Golden Mile mall redevelopment
Retrocom Real Estate Investment Trust is planning a $30 million redevelopment of the Golden Mile Shopping Centre in Regina, Saskatchewan, along with the addition of
Key interest rate holds at 0.75 per cent
The Bank of Canada reports an easing of national financial conditions since a surprise downward adjustment in the key interest rate six weeks ago, and plans
Marine Gardens redevelopment gets approval
Concord Pacific received approval from Vancouver City Council for its multi-building Marine Gardens redevelopment near Marine Drive Station’s growing hub. In the seven-storey mid-size building,
Vancouver’s Avigilon to buy Telus headquarters
Vancouver-based technology company Avigilon plans to move into a prime Robson Street office tower where Telus is currently anchor tenant. With a $2-million deposit already
RioCan, Simon Property venture with HBC
RioCan is forming a joint venture with Hudson’s Bay Company (HBC), with the plan to scope out new real estate and redevelopment opportunities and improve
Bay Centre sale could be B.C.’s top deal of 2015
The Bay Centre shopping mall in downtown Victoria, British Columbia, has been sold, marking what could be one of the largest commercial real estate transactions
Survey reveals in-store mobile shopping habits
As traditional retailers look for ways to adapt to e-commerce competition, new research suggests shoppers are bringing online competition inside brick-and-motar stores. Market and consumer
Coast to coast real estate trends for 2015: report
Commercial real estate sales across Canada are expected to top $25 billion in 2015, according to Morguard Corporation’s 2015 Economic Outlook and Market Fundamentals Research
Quebec City to get landmark mixed-use complex
Plans to build a symbolic new landmark in Quebec City are finally being realized with a $600 million investment in Le Phare de Québec, a
Hydro Ottawa offers real-time energy monitor
Hydro Ottawa subsidiary Energy Ottawa Inc. is distributing a new web-based tool so commercial businesses and landlords can better identity building inefficiencies and energy waste.
Avison Young acquires Calgary-based Peregrin
Avison Young has acquired Calgary-based property management firm Peregrin Inc., welcoming 12 new employees to its company and adding 1 million square feet of managed
Record returns on Irish real estate in 2014
A subterranean starting point provides context for somewhat stratospheric investment returns on Irish real estate in 2014. While recently released annual results confirm the downward
PIRET to build ‘premiere’ Fedex Ground centre
Pure Industrial Real Estate Trust (PIRET) has bought a 60-acre development site in Vaughan, Ont. to construct a Fedex Ground facility dedicated to the GTA.



