Industry News
Calgary Airport Marriot portfolio gets new owner
J.A.R & Sons Enterprises, an affiliate of Remai Group, has purchased the Calgary Airport Marriot portfolio from Mitchell Group Alberta. Located about eight kilometres from
Canadian Electrical Code updates to mobile app
More than 200 updates and revisions have been added to the recently released 2015 Canadian Electrical Code (CE Code), Part 1, which covers installation and
Ontario invests in northern tourism development
Ontario is investing $1 million in a northern waterfront development project to enhance amenities and attractions that will ultimately increase tourism. With funds provided from
Downtown T.O. urbanization trend tops off 2014
With its Q4 stats rounding out 2014, Cushman & Wakefield reaffirmed a flourishing urbanization trend in the downtown Toronto office market. The commercial real estate
CPPIB invests in San Fran’s Uber headquarters
The Canada Pension Plan Investment Board (CPPIB) will complete its first investment in San Francisco office real estate with the partial purchase of a Class
LaSalle forecasts Canadian investment trends
LaSalle Investment Management predicts a few trends for the Canadian and global real estate investment market, according to its recently released 2015 Investment Strategy Annual
Nobel REIT buys two Montreal industrial sites
Nobel Real Estate Investment Trust (Nobel REIT) has purchased two Montreal-based industrial properties for more than $10 million. Both properties are located near the Pierre-Elliot-Trudeau
Manulife completes key purchases across Canada
Manulife Real Estate has announced its purchase of a 12-storey building in Toronto’s downtown core, as well as a national 24-building industrial portfolio for its
Oxford buys Toronto’s Park Hyatt hotel
Oxford Properties snapped up the Park Hyatt near Toronto’s Yorkville neighbourhood for about $90 million (USD) or $260,000 (USD) per room. Oxford says it’s planning
Allied joins Westbank to redevelop T.O. property
Allied Properties, along with Westbank, is set to acquire and redevelop an early 20th century building in downtown Toronto for $47 million. Built for light
Montreal, T.O. on list of priciest cities for hotels
Two Canadian cities joined the ranks of the world’s most expensive cities for hotels, according to GoEuro.com, a multi-mode travel platform. When compiling accommodation prices
Melcor acquires Edmonton’s White Oaks Square
Melcor REIT has fully acquired White Oaks Square shopping centre in Edmonton. The mixed-use office and retail destination situated in more than five buildings across
PIRET closes on western Canadian portfolio
Pure Industrial Real Estate Trust (PIRET) has finalized the purchase of a western Canadian portfolio, including one Ontario-based property for $55 million. Located in Edmonton,
Canada’s most expensive streets for office space
Location, location, location. Companies are continuing to pay a premium for the most expensive spaces and Toronto, Calgary and Vancouver are the Canadian cities with
InnVest acquires Hyatt Regency Vancouver
InnVest Real Estate Investment Trust (InnVest) has completed its acquisition of the Hyatt Regency Vancouver for $140 million, or $217,000 per room. Edward Pitoniak, InnVest’s
LaSalle sells large Canadian industrial portfolio
LaSalle Investment Management has sold a large Canadian industrial portfolio comprised of seventeen light industrial assets. Located across Ontario, Alberta and Quebec, the properties total
Avison Young’s second major German investment
Avison Young has finalized its second major investment in Germany on behalf of two pension funds with the purchase of a mixed-use property at Weisshausstrasse



