Industry News
Ivanhoé Cambridge buys core UK office property
Ivanhoé Cambridge has bought a prime office asset in London, U.K. from Hines Global REIT for £112 million. Stonecutter Court is a Grade A property
Proposed legislation for CentrePort development
The Manitoba government is moving forward with proposed legislative changes to create a special planning area (SPA) for CentrePort Canada—the country’s only Foreign Trade Zone
NRC restores online access to building codes
After a cyber-intrusion halted access to the National Research Council of Canada’s (NRC) codes and code guides online library, including national building, fire, plumbing, energy
Global standard for measuring property launches
A new global standard for measuring property, called the International Property Measurement Standard for Offices (IPMS for Office Buildings), was recently launched in an effort
Heritage buildings to benefit from $5.8B funding
Prime Minister Stephen Harper announced a spending boost of $5.8 billion for infrastructure projects including museums, research centres, heritage sites and other federally owned buildings.
National Bank earns top BOMA BESt level
The National Bank recently earned the highest BOMA BESt certification at level 4, after scoring higher than 90 per cent on environmental performance and management
Location and quality key for Toronto West areas
Tenants searching for higher-quality office buildings are driving development in Toronto West neighbourhoods, such as Meadowvale. With more than 260 square feet currently under construction,
Real estate market concerns senior execs: report
Senior executives in various commercial asset classes face ongoing concerns regarding the future success of Canada’s real estate market, according to recently released Q4 results
Metro Vancouver’s growing industrial hub
A custom-built facility for R. Wales Canada, a manufacturer of processing equipment for the resource sector, is coming to Campbell Heights North—a fast-growing industrial hub in southeast Surrey,
Dream Global acquires Germany’s Cologne Tower
Dream Global REIT has announced its largest single asset transaction to date with the purchase of Cologne Tower, a LEED gold office property dominating the
Allied purchases new spot on King Street West
With the impending purchase of 485 King Street West in Toronto for $8 million, Allied Properties will be able to improve its nearby intensification project
FAM to acquire seven office properties in GTA
FAM Real Estate Investment Trust announced it will purchase seven office properties in the Greater Toronto Area (GTA) from Slate GTA Suburban Office Inc. for
Ottawa Hospital to rebuild on historic farm
The Ottawa Hospital is on its way to rebuilding a first-rate Civic Hospital campus and teaching facility on 60 acres of land once owned by
New construction loan created for non-profits
A new loan program for construction financing is available for Canadian non-profits that own and operate buildings and serve seniors or persons with disabilities. Adaptability
Toronto’s Royal York Hotel secures new owners
Toronto’s iconic Royal York Hotel now has new owners as InnVest Real Estate Investment Trust (InnVest) and KingSett Real Estate Growth LP (KingSett) are set
GTA’s growing industrial market: new study
High demand for larger, more modern industrial spaces has prompted construction of about 4 million square feet of industrial space in the Greater Toronto Area
OSC steps up efforts for women in boardrooms
All listed companies in Canada, besides Alberta and British Columbia, will soon be required to disclose targets for the number of women they want in high-ranking



